About meI have been in the Real Estate industry for 3 years now but something has always drawn me to the Trading. I like to be able to do research, draw charts and predict potential patterns. When you're right, there is no better feeling.
I found this very interesting when looking back through ETH price action respecting the SMMA(50).
We have now seen two cycles follow a pretty similar timeline, of around 400+ days of a bull run.
The question is, do we follow this again, and if so, do see the price going up until August 2022?
Congrats to all of you holders!
Take a look at this long-term projection for Bitcoin until April 2023.
I believe that we aren't going to see the fireworks that we are all expecting for this cycle.
We will probably see some medium-sized moves but by the time we move out of 2022, we should see a new shift in overall market sentiment, from the brand new adopter to the US...
We have some key areas of support that haven't been touched in a long time. One thing about markets is that they like to balance themselves out by touching all areas at some point. I believe that point will be in the $1700-$1400 price range.
Key areas I'm watching are the bottom trendline of the BB, 100 EMA, 50 SMMA on the weekly timeframe.
Ethereum looks to have formed what I call a mini-cloud-bank patter.
Why, Mini? Because generally speaking Cloud Bank patterns take anywhere from months to years to form, which are followed by a steep 40-60% drop-off with a "V" shape recovery. Clouds usually form during or right before a Bear Market, then take a massive plunge to start a...
Cardano is doing everything she can at the moment to break resistance above $2.30-$2.40.
Breaking above the $2.36 & closing above would in my eyes, signify a potential move up to the $2.50-$2.75 range, before hitting another set of resistance.
The market as a whole right now has had a sentiment shift for the better, but as always, it's fickle, so...
Sushi looks to be forming a Broadening Top pattern with an inverse Head & Shoulders pattern.
Sushi is currently down about 5% on the 24 hr time-frame.
Still hasn't gotten its time to shine just yet this Bull Run.
I expect to see some big things from Sushi over the next month.
Setting up a chart for the next couple of weeks, I believe we are in the process of currently forming a falling wedge pattern on the daily. We have strong support in the $3300 - $3000 range. A lot of buying pressure is sitting down there, just waiting.
On-chain metrics have been showing strong whale purchases over the last couple of months, with...
Audio... looks to be running into massive sell pressure, which should force it to breakdown to the $1.7 range +/-.
Though, if we get another explosion of buying happening we could possibly break upwards but over the short-term, I don't see this happening.
If you bought Audio a while back and you're in a good position, this may not mean a lot to...
Chart is still showing some mixed signals.
ATM, things are still a little unclear with the Holiday weekend in full swing.
On-chain metrics are pretty calm ATM, though more data is showing BTC addresses sending their coins to exchanges, rather than pulling off exchanges to hold in cold wallets.
Take a look at the chart and let me know what your...
Like most of the market, we are awaiting a continued confirmation of an uptrend.
In the meanwhile, it seems to be fruitful to follow the events and/ or upcoming upgrades.
Though not all of the apples fall from the same tree, as some events go unnoticed, so it may serve you well, to follow the more common and well known projects.
Yes, they may...
Looks to be an opportunity in ERN ATM.
Market is very very risky right now, trade with caution.
ERN bounced off the bottom trendline of the channel.
Keeping a tight sl right under the MA200
Taking profits half way up around the MA50.
Selling majority at the top trendline.
Not financial advice.
Please find an analysis of what I believe we will see this summer moving into fall.
My tune may change as this progresses but ATM, the writing is on the wall. We have a lot of fundamental hurdles to get through over the next couple of months, and in response to this, we should see an extended period of chop before breaking the upper trendline, to...
May have found a bullish sign on the 4-hour chart.
Looks to be forming a descending broadening wedge. This should finish forming as the weekend comes and passes, Monday looking for a breakout to the upside, depending on a number of fundamental factors.
But based on the chart, if we can break above the trendline going into Sunday late evening and...