ADA/BTC Bears are starting to show some weakness as the price manages to keep the same Low from the previous support area. We can also see bullish early signs on the RSI giving us extra confirmation of bear exhaustion. I'm expecting the ADA to challenge the downward trend-line resistance again and potentially break it for the 3rd attempt. Target to the upside is...
LTC/BTC LTC reached my target zone and the price is trading inside this resistance box. LTC also manages to get above the 50 Day MA that's a good sign for a potential trend reversal. Now, if LTC can't get above this resistance box in the coming days, it is still not the end for the Bulls as a pullback is required to continue Higher. The price could back-test...
BCH/BTC BCH just closes the day with an engulfing bullish candle and above key resistances. Now that resistance areas are broken, BCH has to do is to confirm this old resistance turning into new support and we can see another 10% move up before it reaches our target zone. But we can't be overconfident even the 200MA is on our side during this uptrend, the RSI...
BTC/USD After Bitcoin bounces off the 0.5 Fib support it has temporarily topped out at 8200 regions. If Bitcoin can find support around 7900 areas and bounces off again, It will likely form a symmetrical triangle pattern. If this uptrend from 6800 is stronger than what we think, then this pattern will be a continuation to the upside.
ARPA/BTC ARPA is forming a beautiful bullish descending channel on the 12-hour time-frame. Though I'm not confident the 114 sats area will hold as the RSI is likely to enter the oversold territory again in the coming days. The price could drop to the bottom trend-line at around 110 - 101 sats levels before we could see some potential buyers to step-in. If ARPA...
MANA/BTC MANA broket key ascending trend-line of support at 430 sats area and the price fell to key support 380 sats. The price could still drop further to 370 sats are to retest the 200MA or the golden Fib levels. I'm not yet interested in opening a position since the downward momentum is still strong. I'll wait for the price to cool down or reached my target...
COCOS/BTC COCOS is approaching the end of this bullish descending channel at around 7 sats area. If COCOS can hold this level longer or at least 1 -2 weeks, there is likely a chance of bullish breakout to happen in the future especially the RSI is painting a bullish divergence. I still don't recommend to buy this coin, I'd wait another 1 week to grab more info...
BTC/USD - Quick Update Bitcoin perfectly bounces off at 0.5 Fib level and the price retest the upward trend-line support and is now acting as resistance. If Bitcoin fails to get above 8150 and hold it, there is a high probable failure and come back down to retest the key support at 7700 regions. Areas we will be watching for a bullish move is from 7900 - 7700...
TNB/BTC TNB is respecting this downward channel by making a series of Lower Highs and Lower Lows. Thought this downtrend is showing some early signs of strength from the bulls as the RSI is conflicting with what the price action is telling. TNB could still go down further to 17 sats area before potentially bounce up to retest 21 sats or break this trend-line...
ELF/BTC There is an early sign of bullish strength on the RSI as the price makes Lower Low but the RSI is painting the opposite. Though ELF is still trading inside this descending channel it is still not enough proof for a trend reversal. The price needs to break 760 sats and pullback and form another Higher Low between 700 sats and finally break Higher High....
MFT/BTC MFT is now back at accumulation zone after pumping over 100% from swing low 9 sats to swing high 20 sats. This accumulation zone is also what we could the critical key support for MFT to continue its growth in the coming weeks or months. If MFT can hold this level, not breaking below 9 sats with a candle closed. Then, there is another chance for this...
BTC/USD Bitcoin broke key ascending trend-line support and the price immediately declined to 0.5 Fib level. Like I mentioned from my previous post, the 7800 support is likely to break since this rally up didn't provide enough support to sustain the uptrend at those levels. The areas I'll be watching are the Fib levels between 0.5 - 0.618 since both the 50MA &...
BNB/BTC BNB is not looking good if it closes below key support at 18k sats area, this will signal another 9-15% drop lower to next immediate support at 16-15k levels. If BNB drops to 16k sats area and the RSI is painting a bullish divergence, that is a good sign of potential strong bounce or an early sign of bulls to break this descending channel to the upside....
Bitcoin Dominance BTC Dominance sky-rocketed from 68 levels to almost 71 levels yesterday. This kind of move hurts most BTC pairing Alt-coins and most of them crashed hard over 10 - 20% drop. BTC Dominance has temporarily topped-out and heading back to the neutral zone where the 50MA is located and previous resistance has potential turn into the new support...
LSK/BTC LSK just pumps 50% from swing Low up to 1000 sats but that doesn't mean the trend is changing completely. The price needs to pullback at key support area and forms a new Higher Low and break Higher High to confirm trend change plus breaking bullish of this descending channel. This large pump could be just a huge fake-out, wait for the price consolidate...
Bitcoin CME Futures Bitcoin is quite looking bearish after breaking the upward trend-line of support at 8100 levels. We know that there is not enough support build during its uptrend from 7700 regions to 8500. And for that, the price could easily drop back to 0.5 - 0.618 levels to immediately filling the gap from the old resistance to potentially change it to...
BTC/USD Bitcoin may have temporarily topped out at 8400 regions and currently testing the upward trend-line support. The RSI is in neutral territory on the 1-hour time-frame. We know Bitcoin's move is about to cool-down as the RSI is painting bull exhaustion that could lead the price for a pullback. Now that Bitcoin is heading down, will it find support at...
RVN/BTC RVN is trapped inside this channel where the price is just bouncing from top to bottom and from bottom to top. The key support area has been tested more than 4 times already and it is not good from my perspective viewpoint. I am more on the bearish side since the price is much closer breaking bearish rather than going bullish. At any point the price...