Out of all the Binance coins that I have analysed none has been in accumulation stage + a solid uptrend for this long. MTL has been in an uptrend since December 8 2017 while making consistent higher lows and has been forming a symmetrical triangle since the beginning of the uptrend. The volume on MTL has also been very strong indicating the solid accumulation that...
STORM appears to be resting right above a support zone and has formed a very clean cup formation as well as forming a bullish pennant. A fundamental factor that may affect the price of STORM is the planned airdrop on the 7th of June so definitely keep an eye on that. The only negative signal I am seeing on this setup is the relatively low volume but the risk to...
FUN has been in accumulation phase for the entirety of March and the beginning of April. It has also been respecting the horizontal zones which is always a good sign and is currently resting on support. Volume isn't as convincing as other Binance alts but it is still at a relatively decent level when compared to the volume last month. To finish this short...
There appears to be a bull pennant formed on LEND on the 4 hour chart but what is making me hesitant in entering this trade is it is right under a month long resistance zone. Trade with caution.
After the capitulation sell off on LTC and most other alts during the end of March LTC had a 12%+ bounce which lead to a formation of a bull flag. After the successful upwards breakout of the bullflag this caused an increase equivalent to the pole of the bullflag which then got rejected by the horizontal resistance level around 0.0182 sats. This has now created a...
After the capitulation sell off on LTC and most other alts during the end of March LTC had a 12%+ bounce which lead to a formation of a bull flag . After the successful upwards breakout of the bullflag this caused an increase equivalent to the pole of the bullflag which then got rejected by the horizontal resistance level around 0.0182 sats 1.26% . This has now...
After the alt coin breakouts from 2 days ago a lot of people have been saying it is the beginning of alt season but I am still skeptical. However, there can definitely be some nice short term gains to be made if you look in the right places and time your entries and exits right.
KMD, as most other alts has been in a downtrend for months now but KMD has broken out...
ADA along with almost all alts have been absolutely destroyed for the past week facing up to 30% declines but as of yesterday has gained around 20% in BTC value. As of now ADA has held the 0.786 fib level but is struggling to advance above the downward trendline resistance as well as the tenkan which it has had difficulty breaking that level with confirmation. ADA...
Firstly XLM is on a clear downtrend as signified by the descending resistance line. XLM is also having trouble breaking above the 0.5 fib resistance line, if XLM fails to break the 0.5 fib line then it is very likely that the coin will reach the next fib line as there appears to be no support zones in between the 0.5 and 0.618 fib lines. There also appears to be...
ADA is seen as a overvalued piece of vaporware which has had one of the most insane bull runs of 2017. The correction it has seen so far should not shock anyone as the surge was definitely unsustainable and I would not be surprised to see it fall some more.
Now onto the technical analysis, as of now ADA is resting on top of the 0.786 fib region and slightly below...
XMR has been in an uptrend since November 2017 and has not been significantly -affected by the market - wide crash of 2018. XMR as of now, is in the process of breaking its 4 month upward support line. If XMR has 3 daily candle closes below the long term support line it could signify a trend reversal. Further evidence of a possible trend reversal is the volume on...
