MarketM8ker

MarketM8ker

Chia network has seen quite the drop in price by 97% since its launch. We have a few things going on here: On the bearish: 1) Price is trading below the ema ribbon, and even then the spread of the ribbon is not offering a whole lot of resistance but it is there. 2) The red ichimoku cloud spans around 80% above our current price action. XCH will have to...

MarketM8ker

When SLP was trading around the 0.023 range, I mentioned that we would likely come to the 0.018 cent region on SLP before experiencing some support. So what is next? 1) We have quite a large ichimoku cloud ahead of us. SLP would need to rally 190% from this point to have a bullish breakout from the cloud. As you can see SLP rejected almost too perfectly from the...

MarketM8ker

Alright we have quite a few things going on here with SLP. 1) Even though there's been news of Axie reducing coin supply to stabilize price, im still seeing in increase in supply by around 500,000 coins daily. That combined with decreasing demand does not make for a bullish situation at this moment. 2) We have rallied over 300% in about two weeks in combination...

MarketM8ker

On the longer term chart we can see that FTM is still in a bullish consolidation pattern. Even though we had a decent drop this is the best thing that could've happened for fantom on the long term. If we can get a third confirmation of the lower trend line as well as the upper, this pattern will be confirmed. Remember though, even confirmed bull flags only break...

MarketM8ker

Fantom just broke bearish from this continuation pattern which is nestled inside a larger H&S pattern. FTM also rejected pretty hard right at the top of the red ichimoku cloud. Both patterns give a target price of around $2-2.2 I am expecting FTM to pull up a bit and touch the trendline it broke out of before continuing to the downside. This would be optimal as...

MarketM8ker

This is a short term analysis of FTM. FTM failed to break the previous high on its uptrend it recently started and is due for a correction. With that we have what looks like a diamond top on the shorter timeframes. If this plays out the target is the 2.25-2.40 range. *NOTE* Long term analysis looks quite bullish on FTM however. This is not financial advice...

MarketM8ker Updated 

Simple pennant pattern. Sound project. Get Chia while its cheap. Trade at your own risk.

MarketM8ker

Adjusted lower trend line for better fit. Retesting the lower boundary. If it breaks out to the upside we will see it in the next few days. Remember, pennant patterns are a 100% chance of uptrend. More like 70-80%. I still think this will break bullish., but this could see lower levels before rising again. Just means we can get in at even cheaper prices. Chia to the moon

MarketM8ker

BTC has been doing well but it might be time for a pullback. On the daily chart you notice we have some nasty bearish divergence when comparing the price move with the RSI. This divergence has been going on for a while so we could see a downswing soon. The MACD is also headed back to 0 with the histogram pulling red, even with the current green daily candle. MACD...

MarketM8ker

BTC daily chart is exhibiting bearish divergence according to the chart and RSI values indicated with the red lines. In the past, this usually means a bearish downtrend is likely to form. I suspect BTC corrects a bit before blasting off to higher numbers. We do have a cup and handle formation on the 4hourly chart, but as we know the longer term charts usually...

MarketM8ker

1) 4 hourly and daily chart pattern looks a lot like the classic Bart Simpson formation, and we all know how those end up. 2) Indicated with red circles is a case of what I would call bearish divergence (4hourly). The rsi difference between peaks aren't too different from each other, however the price action tells a different story. 3) BIG ONE: the vpvr support...