I see a head and shoulder forming.
Monday could be the start of a bad week for btc.
It's based on the H&S and the trendlines that keep pointing downwards instead of up.
The ones that go up are being broken all the time. I don't see another retest of 59k area.
But i believe 50K and even 41K will be tested.
Init for the WIN !
WIN has been consolidating for a while now. And i see that there are signs that we have broken Some old downward trendlines.
Since it is alt season i believe Win could be in for the Win and take a little shot up toward the old ATH.
Created 5 ! targets
Win is highly volatile, so be...
Since the Beta Live there has been a sell off, of the eXRD token.
I believe we need a little more peace and quiet to go for the next 0.17. And create a more stable 0.15 Support.
So first it will test the 0.13. where it will bounce off in a new Uptrend Channel until ~0.17
If BTC holds up i believe Dusk will regain the strenght to go through the 0.285 Resistance line.
Positive side is that we have left the down channel now. Yet i drew the Red Lines that imo indicate a heavy resistance zone.
If it breaks through the 0.32 (i see this as a confimation we are back in business) we will hopefully go towards the 0.50Ct + Ara.
Based on the extreem strong recovery (twice) i drew a new Fib Retrace.
Because of these strong and bullish signs (dip bought up fast) for Strax.
I believe that this could be seen as a good setup to aim for the Tree Fiddy (3.50$) and above.
Invalid below 2.28
Based on the fib retracement of the last ATH i based this chart.
It gives 3 scenario's.
1. Its alt season and the bulls pick up the trend and it will become a moonshot towards the 2$
2. History repeats itself. Ada goes towards 1.60$ where a lot of sell orders will get triggered and the price drops back to the new support of 1.35$. Where it will...
Pundi X is very popular. And BTC is a little bit back on track. If btc manage to keep stable or rise towards 60K or even 70K. Alts are in for a nice Bull moment too.
PundiX made a token burn of /1000 where it seems to be recovered from. It went down from aroun 8$ to $2.10. And build up some heavy resistance points.
I made a little forecast. Pundi is currently...
As you can see in the drawing there is a potential inverse Head and Shoulders being formed.
The fib. ranges between 0.142 and 0.149 are being tested. If it breaks out on the retest of 0.149 we have a completed the inverse head and shoulders.
I expect that exrd will shoot up towards the following targets
3. 0.174 ( old ATH though...
I love the project behind pundi X. The token burn i didnt like as much tho :)
On the long term this is a good idea but for the short term we all can see what it has done.
Anyways Pundi X made a reverse Head and shoulders. As drawn out very clearly. (text book)
Which could indicate we left the downtrend and created the first uptrend channel for Pundi...
After correction XLM is back on track but will it hold ?
This is my analysis.
After a nice gain of ~125% XLM (green area 1 and the long bar) started a long correction period. (Orange area).
It dipt a bit before it created a new upchannel (or rather reentered an old upchannel from dec. 2020)
The Teal is the most promising channel which we are currently in and a...
Exrd is correcting from it's ATH because of the release of more coins.
The last correction went back to around 0.12 which i see as a very solid Support level. And the lowest level we will bounce of from.
So it could hit this level but i think it will be only in a very short dip. Imo everything under 0.139 is a great price to pick this one up.
At this moment it is...
Ren is struggeling to find solid support. I hope it has found it around 0.90.
Otherwise we could see a bigger dip (which was rejected multiple times in the past
My bet is on a recovery to around 1.10 - 1.15 where there was support in the past & could turn in some heavy resistance for now.
Always keep in mind these are just trendlines no fin. advice. And always...
Setting up some trendlines and a fib retrace from the last ATH.
Strax is moving steadly towards it's new hights. Repecting the trendlines and fib ranges until now :)
The arrows indicate that respect of these lines and fibranges
Target 0: Getting support on ~1.70
Target 1: Breaking the local ATH (2021) ~2.37
Target 2: Set a new ATH this year: 3.20
After that we...
Just made this for myself. Wanted it to share with others.
Just to give a simple overview of correction scenario's.
Imo it will go towards 67-70K after the correction or even higher.
But i think there is a correction imminent.
This is made with 2 Fib retracements one from the Local high of 41K to 29K in January and the one from 22Feb 58K to 43K.
The red trend...