LaiChee81

LaiChee81

After two successful Fibonacci retracements on the daily chart QANX has lost support for the third wave up. However it has just performed a Fibonacci golden zone retest of a potential second wave up on the weekly chart. 0.02 - 0.022 was a potential buy zone, which - for now - seems to have triggered some buys. Now QANX is a low-volume and short-history token. Very...

LaiChee81

QANX the plenty-language, quantum-resistant blockchain dev environment has been soaring recently. This is a high-risk, low-volume, short-history crypto which makes technical analysis rather risky. Any bigger buy or sell order can move the price in technical-analysis-defying ways. So be aware of that as you read my lines... ;-) Anyways, we can see a 3-wave move...

LaiChee81

Hi All, Statistic-wise ETH has a ~66% chance of dropping in price from these levels. My arguments: - We are retesting some significant levels both on the daily and weekly timeframes - from the bottom side which tends to act at least as temporary resistance for further bullish price increases - Bearish divergences have been building both on the RSI and Stochastic...

LaiChee81 Updated 

Hey fellow analysts, EFI has had a fascinating 100% run in the past month. It broke some significant resistances on its way up which fueled its short-term rally. Time for some serious correction to cement future growth, eh? :-) As you can see on the chart, EFI broke out of the fallng wedge that formed after the significant price drop from it ATH levels. This is...

LaiChee81

BNB has just hit a long-time downward resistance trendline while drawing a bearish rising wedge in the process. We also have a mid-term resistance line crossing exactly at the touch point of the most recent candle, which is the crossing point of the two aforementioned resistance lines. This, for me, is a triple confluence of resistance. If I was in a long...

LaiChee81

I advise taking some profits at this level or at least moving your stop-loss tighter. We are approaching a resistance level and the Bull Market Support Band (basedon EMAindicators) is also getting close to the price. There is a convergence with the latest breakdown's 50% Fibonacci level as well. The RSI and Stochastic RSI are also showing overbought levels on the...

LaiChee81

The long-term sharply declining trendline has been broken a few weeks ago. Now we are forming a descending wedge on the weekly chart which has an 80% chance of reversing a trend. A confident upward channel is nearing the upper trendline of the wedge. It may find resistance there and turn back to lower levels. However if it breaks, we have a good chance of reaching...

LaiChee81

Even though the crypto market is in a downtrend, LUNC seems to defy the market with its recent bullish momentum. The head and shoulders and the downtrend of the past days seems to be breaking on the hourly timeframe with higher than recent average volume. It still needs confirmation on a daily basis (which may be too late but it is better to miss a trade than...

LaiChee81

LUNC has been pushed down in the past few days by the double resistance trendline, breaking short term support levels in the process. I switched to 1-hour timeframe for finer detail but I still use the levels and trendlines from the 4H time-frame. I still consider the head & shoulders pattern to be the most significant influencing factor for this chart. I expect...

LaiChee81

For me BTC is at best neutral. I would not consider buying it befor it breaks above the orange resistance trendline. Even if it does I would not expect an immediate price explosion (maybe 50% to 30k but then a retest back to ~22k. That is when I would first buy it. I can also imageine a few months of sideways action. I can see a bear flag forming on multiple...

LaiChee81

As stated before I have little confidence in any kind of bull-run for TERRA LUNA CLASSIC. You can see a summary of my reasons on the chart. My main reason for bearishness are the untested break of the past resistance line and the broken and retested support trendline (now turned resistance trendline). Also do not forget that the overall market is bearish over the...

LaiChee81

As the total crypto market cap and BTC approach an almost year-long resistance level and an also ascending trendline in the coming days or weeks it is time to think about possibilities of either breaking up from there (truly or just in a fakeout) or turning down from those levels. Considering what the charts show us on TERRA LUNA CLASSIC and thinking about the...

LaiChee81

It is difficult to predict the future and I am not trying to. But statistically I can see some signs that have proven to be good buy opportunities in the past - at least for long-term holding. With the recent negative outlook for the global industry, exploding inflation, ever increasing interest-rates with no easing in sight and an overall picture of a looming...

LaiChee81

As far as statisctics go, ETH has recently had an extremely oversold week both as per the RSI and Stochastic RSI indicators. This has often proven to be a great entry for long-term hodlers. However, analyzing the weekly logarithmic chart, we can see that a downtrending channel was formed and the price has so far respected its borders. This could imply further...

LaiChee81

Playing around with statistics and probabilities... Some people seem to believe in RSI and stoch RSI indicators (overbought / oversold markets). Especially when combined with powerful price action such as resistance and support levels. Such confluences seem popular statistical signals to buy or sell the market or at least start a DCA process. Let's check what it...

LaiChee81

Of course you cannot predict the future but statistics-wise, I ammore inclined to see ETH drop again rather than see it break up to new ATHs... We have 4-5 candles to go to see the immediate effects of the Merge.Could turn uit to be a hype-pump as there are no real good long-term news for the economy. (Who will buy crypto when people are worriedabout food shortage...

LaiChee81

SOLANA has shown signs of strength recently, first by stopping its constant fall on a historic support level with significant volume (2nd biggest trading volume in SOL's history on Binance). Also the descending channel of the past few weekshas been broken. While these are all bullish signs to me, another historically proven resistance area is just above the price...

LaiChee81

With the key level of 38k-40k broken down, I am now seeing more probability of further downside movement than a break towards up. I'd say a 66% chance of visiting 31k before going back to 48k-52k levels. An extreme possibility would be 20k downwards. I would be happy to buy there.