ParCrypto

ParCrypto Updated 

$DUSK is looking like a great potential buy right now. It has bounced PERFECTLY on the .618 Fib and looks like it might be ready to break out of a falling wedge. Additionally it looks like the MACD is about to have a bullish crossover as well. I am for sure taking a position here but am still waiting for a breakout to confirm a reversal. This could be the start of...

ParCrypto Updated 

The THETA 1D chart is looking great right now. RSI is trending up and there was just a bullish cross on the MACD. There is also an established uptrend since June 25th as well. I anticipate the upper resistance to be broken and I have outlined the 3 price targets (1400/1850/2500 sats). I wouldn't be surprised if we have a breakout sometime this week. *This is not...

ParCrypto Updated 

Bitcoin has reached 70% market dominance which hasn't been seen since May - July of 2017. In 2017 we saw dominance fall below 70% fast and retest this range but it was unable to break the resistance. We saw Alt Season just 6 months after this rejection. Dominance has been rising fast since April of 2019 and has formed a rising wedge. I expect this wedge to break...

ParCrypto Updated 

Before I start, VOLUME. Wow, that volume spike is nice! all of that volume alone makes me bullish but let's move on. MATIC has been consolidating in this wedge since August 5th. RSI is turning bullish again and MACD appears to be heading for a bullish cross. When MATIC runs, it runs very hard and very fast. Look for this coin to run for the rest of the month. I am...

ParCrypto Updated 

Since March of 2017 we have only seen 3 bullish crosses on the MACD for XRP/BTC 1W chart. I have circled those crosses. We are very close to a fourth bullish cross which means it is almost time to buy XRP. As you can see, the distance between the crosses is becoming longer and the returns seen after the crosses are becoming less. BUT, that doesn't mean that we...

ParCrypto Updated 

There is an obvious cup and handle pattern forming on the 4h chart. The pattern dates back to July 26th. (26 days ago). I'm also toying with the idea that this could be Elliot Wave 1 and 2. Wave 3 could send us as high as 4500-5000 sats. This handle should not correct much longer so I'm starting to take a couple positions now. If the support line is broken (about...

ParCrypto Updated 

Bullish setup on the LINK?USD chart. Long term wedge is looking for a breakout. On top of that, there is an ascending triangle that is looking to breakout as well. If this triangle breaks out like it should, the wedge will break as well. I am targeting $3.30 price target in the short term. This is definitely in play with the hype around the Web3 Summit this week.

ParCrypto Updated 

As you can see there are two very similar symmetrical triangles on this chart. Price action and length of the triangles are similar. Price could once again breakout on the 18th day of consolidation 8/13/19. Last time this setup occurred, we saw a 130% increase in price. If this happens again, we could see a price of 2150 sats. Let's see if history repeats...

ParCrypto Updated 

Taking a long position here with a 10% stop loss. Price has been in a nice uptrend over the past 4 days and volume appears to be picking up as well. I'm targeting 400-450 sats because there aren't many strong resistance zones on the way up. Coins like this can pump like crazy, especially when CT starts talking. Just look at MATIC and DUSK over the last few days....

ParCrypto Updated 

Well, my breakout call yesterday was correct as we saw a huge 30% spike today. It appears that $COS is consolidating into an ascending triangle. If price breaks out of the triangle, look for price to test the 400 sat range. Once that target is hit, I expect a blow off the top. *This is not financial advice. I am not responsible for any losses of money.*

ParCrypto

Quant had an amazing run from late May through mid July. A correction was needed and it appears that it is complete. There was a perfect retrace to the bottom of the .618 Fibonacci zone. During the correction, volume decreased (bullish) and a nice falling wedge has been formed. It looks like this wedge could be broken soon because there is about to be a bullish...

ParCrypto

After breaking long term resistance (Red Line), LINK/USD experienced a quick uptick in price. Since, LINK has cooled off a bit but has established an uptrend channel (Parallel Black Lines). Price fell heavily today and tested two resistance lines. The first line tested was the major long term resistance (Neon Green Line) starting at June 4th and the second was the...

ParCrypto

When in doubt, zoom out. I changed the chart to the 1W view and started wondering... What if we just completed Elliott Wave 2? Elliot wave 3 is the largest of the 5 waves so we could be in for a wild ride. $1,000 EOY is an awesome meme (I wouldn't be mad if it happened) but it appears that $10-$11 EOY is definitely in play. This would put the price somewhere...

ParCrypto Updated 

This is honestly one of the easiest buy signals I've seen as of late. This falling wedge is getting really tight and it has been testing the upper resistance for the last three days. The MACD is showing a bullish divergence for the first time since June 27th (57 days). Last time this happened there was a 2.3X in price from 17000 sats to 39500 sats. I have drawn...

ParCrypto Updated 

Patience is a virtue, XRP hodlers understand that statement. XRP has been in a massive downtrend since January of 2018 and no amount of news or announcements has been able to break it out of the downtrend. BUT, it has been in a slight uptrend since mid August 2018! XRP is strong, fundamentally speaking, and I believe it will continue to be a Top 3 blue chip...

ParCrypto Updated 

We are primed for a HUGE run for LINK/USD. This symmetrical triangle has been forming for over a month and it looks like it is ready to pop. I expect this to break up due to bullish volume as well hype circulating about the Web3 Summit which is in 9 days. The MACD was looking bearish for a moment but it looks like there is going to be a bullish bounce at the...

ParCrypto Updated 

Bullish divergence on 4h MACD and bullish bounce on 1h MACD. Waiting for price to break above resistance. Targeting 1200 sats range but as always, it could go higher. Will update as the trade moves along. *THIS IS NOT FINANCIAL ADVICE. I AM NOT RESPONSIBLE FOR ANY LOSSES OF MONEY*

ParCrypto Updated 

BTC has broken out of a downtrend channel and is now retesting what was the resistance and trying to turn it into support. IF BTC can close above this line, we should see a spring up. If it does not, look for price to continue to trend down within the channel for 1-2 more weeks. Most ALT/BTC pairs are looking very bearish right now so a powerful spike up would...