Quick #ETH view
ETH has been moving in the uptrend channel since January 3rd and it continues to respect it. We have made a new two new all time highs since we entered this channel and retested the support line of the channel.
At the moment of posting we are breaking over the secret EMA cloud, which if confirmed we can see a retest of the channels resistance...
I was lucky enough to buy NWC before 1000% happened. I am still holding, so I decided to analyze to see if I should sell now, hold or add more to the position.
How did the 1000% happen?
Back in June Newscrypto project added a few fiat integrations like, Paypal and Google Pay, which allowed users to purchase their tokens directly off their platform. At the time...
Bullish pennant formation on Ripple $XRP 4 HR chart
Even though i am not a fan of $XRP we can still take some profits out.
Longing at 0.319
Stop loss at 0.2961
Take profit at 0.37
RSI is in the oversold zone.
ETH short term
After BTC reaching 33k again right now we could see ETH go sideways a bit in the 1040-1090 range.
1136 usd level seems to be a resistance as it was denied twice. After being rejected in dropped and retested the uptrend line which seems to hold for now.
Keep an eye on the 1136 usd level, wait for the break above the resistance and confirmation.
BNB weekly view
Binance coin has just retouched its ATH and it looks like its slowing down. Volume is becoming lower each day and RSI is showing that we are currently in the overbought zone.
If the cup handle pattern really plays out, we could see a retest of the 24 usd levels and then another leg up over the resistance.
However, if BNB breaks the current...
I checked on how did Litecoin move in the summer of 2019 when it was at current levels. As you can see there were 5 stages. We are now in stage 2. where LTC retested its support at 64.25 levels.
3. stage is a pump to 122 levels where LTC got rejected in 2019 and again dropped to re-test the 93 USD levels, this was the 4. stage.
The last stage was...
Bitcoin 4HR view
Bitcoin has been moving in the uptrend channel (megaphone shape) and it has respected its support and resistance lines. It is also worth mentioning that the 4hr 50 MA has been acting as a support for quite some time. After breaking the 4hr 50MA, we also retested a 4hr 200 MA, which is not inevitable at this point.
Currently, BTC is trading at...
NEO made a nice push today,however, it is now facing a hard resistance.
Below we can see higher lows forming which indicates an uptrend.
If BTC stabilizes overnight we could see a push here over the resistance. If NEO breaks over it can go to th $20 levels.
However, if NEO bounces of the resistance it will retest the trend line and make a higher low.
SNX has been trading in a downtrend for quite some time, bouncing of key level and making lower highs.
If SNX would repeat the repeat its move we could see it go up by 26%.
In my opinion, this is a perfect buy opportunity, however, always do your own research.
BTC pushed nicely today and as expected, all Crypto Twitter was talking about it.
Anyway, as we already know the major trend line was broken soon after corona and than retested it after being denied at 12,3k levels.
Now BTC is making another move towards 12k level, if it gets rejected again, we could fall to 8,5k levels and form a new higher low, which can be...
XRP has been trading in a downtrend channel for quite some time now.
There was a smaller uptrend channel which was broken very fast.
Currently, a new stronger uptrend has formed and higher highs formed repeatedly.
In my opinion, we should wait for a retest of the channel's support and place some BIDS there.
Do your own research tho, i don't trust XRP.
Link was rejected at the trend line and it looks like its ready to dip further down.
The last time this link touched this trend line it crashed to 8,4 levels.
In my opinion we will retest the 9,5 USD levels this time.
Newscrypto (NWC) has been moving in this sideways channel for quite some time now, retesting both support and resistance zones.
Each time it retouches on of this key zones. reversal occurs.
So now i believe we will form reversal at this level.
Buying more here. Do your own research.
Newscrypto just broke out of the 15 day channel and is now moving its 0,32 usd target.
We can see that double bottom formed right before it broke out, this is a text book example of double bottom and a reversal afterwards.
Also, Newscrypto posted in their telegram channel that they are announcing huge partnership in two days, everyone are eager to see what it...
Litecoin is moving in a small downtrend channel, making lower lows and lower highs.
The last time LTC tried to break through the channel it got heavily rejected and made a lower low. Now we are testing the resistance line of the channel again so there are two options here.
Either we break through the line and go for retest of the 63 usd levels, or we...
Everyone is talking about Link these days. As we can see the price has been moving in an uptrend channel and it has retested the resistance line for three times already.
Also, the middle line has acted as support line for some time, however it was briefy broken.
Link is currently trading near the resistance line where is getting rejected and in my opinion...
Again with my favorite coin, NWC. We can see nwc is trading in the uptrend for quite some time now, the line tested multiple times and seems to be holding, so i do not see us dropping below the green line.
Also, resistance at 0.062 is holding strong and it stopped the bears from pushing the price lower. At the moment a new blue (candle) already...
My favorite coin has risen over 180% since 2020, what a year and what else can we expect from this gem?
We can see that it moves in the uptrennd and it has retested the support line twice as well as form a double bottom and descending triangle which are strong bullish signals that were confirmed.
NWC is now testing the support line of the uptrend...