Expecting bitcoin to move back down to support following a daily candle closing below local support.
Along with this BTC.D chart, clear bearish divergence suggests BTC will be weak in the coming days/weeks.
Next up on the list of coins to swoop is CRO/USDT
In our previous analysis we predicted the drop down from just under a dollar and identified our current level as a possible bottom for CRO as shown below;
Only took us 5 months but we got here lol.
Following a zig-zag correction currently, in theory, wave C of this pattern should be 61.8%, 100%, or 123.6% of...
Looking at the MANA/USDT pair today, Lets get it!
Chart above us shows that we have a first wave extension impulse in play. As shown by the first fibonacci tool, we found support at the .382 region marking the end of wave 2 and made new ath's at the 1.5 fib region(just under the 1.618) for a wave 3 top before clearly getting rejected as shown by the 2nd fibonacci...
Good morning all
We will be looking at the ENJ/USDT pair this time around
In our previious analysis we pointed out regions where price could bottom out for enjin coin, as shown below;
Price is trading at that level currently and we have ourselves a Regular flat correction in play judging by the price action.
In theory a regular flat has it's C wave...
Filecoin is on the cusp of completing a Zigzag ABC correction,
These current levels are buy zones for spot buys
Best Place to go long is Orange Horizontal Support($20)
Top of the Descending trendline is The first target,
0.618- 2nd target,
Hodl the rest till price rejection.
In our last Luna analysis we predicted the rise up to $100 as our target using the first wave extension theory as the foundation of our ide as seen below
Today we will be talking about our buy zones inorder to be ready to ride the 5th wave.
As you can see from our fib retracement tool, We are currently trading above the 0.236 region drawn from the end of wave 2...
Carrying on with our series of analysis on Kadena(KDA), our search for the bottom is nearing it's end hopefully.
In our previous analysis we identified a falling wedge pattern that could signal a reversal to the upside for kda, however it failed to do any good. Analysis with updates shown below(refer for context);
While we now have our buy region of $2 finally,...
Trade is based on the daily time frame and bullish divergence formed, Use a stop loss
Entry is based on the rising wedge pattern/ channel formed on the 3 min chart as shown below;
Target is horizontal or channel resistance
Apply proper risk management!
Just like the previous SUSHI post, LUNA is on course for a First Wave Extension impulse wave
Target is $97-$121 to complete the third wave, after which a slight retracement to the $54 levels ($38 if volatility is high)
and back up to $150 to complete wave 5.
Expect price to return back to Wave 2 correction in the case of a bear market.
The above statement could...
In our last enj analysis we talked about how price needed to reach at least the 61.8 retracement level of correction wave B as shown below
Now that we have reached and bounced from the 61.8 level, what comes next?
It appears our currect wave C has created a falling wedge pattern, which could soon be confirmed as a Running flat pattern 3-3-5 correction if we get...
Happy New Month Everyone.
We will be looking at MANA/USDT today.
In our past analysis we managed to predict the drop on mana and identified areas to get into a long position, however price missed by a few digits (need to learn to market buy more often). Today we will have another go at longing mana.
As you know the last analysis was based off the First Wave...
Good morning traders.
DOT/USDT the pair for today, lets begin.
In light of the recent Bitcoin dump, a lot of alts have found themselves at strong support, some below it and stables depegging from the dollar.
Question is, are we at the bottom now?
While i may not be able to clarify if we are at the bottom or not, it doesn't feel like it, I can however say this...
Pls visit our last Polkadot analysis for better context.
As we know DOT was inside an ascending triangle pattern ( bullish ), however price has fallen out of that pattern for a much larger wave 2 correction.
Should price fail to close back inside the triangle and i think it wil fail due to bitcoin's vacation, we will have ourselves in play, a regular flat...
Festive Greetings to all.
Today we consider the trading pair CRO/USD
To start off, we will first look at the fundamental side of things.
Crypto.com(CRO) is the next generation decentralized mobile payment protocol, the most efficient and secure way to pay and be paid in crypto, anywhere, any crypto, without fees.
Crypto.com Chain will...
In our first Kadena (KDA) analysis we predicted the drop from ath's and identified buy areas to scoop up a few as shown below:
After getting our DCA zone we then updated the chart again but have had a hard time getting our Wife Changing Money Area ever since:
In this update, from the chart above, we can see that price has managed to form what looks to be a...
It's been a while since our last idea.
We're looking at SAND/USDT today.
In our previous SAND analysis, we predicted a drop down to these current levels and potentially further down, and we've been spot on so far as shown below:
Question is will we drop further down?
Well, as you can see from today's analysis in the chart above, SAND is currently trading at...
Bearish divergence formed on both the 4h & daily timeframe for wavesusdt pair.
Below is the Bittrex & KuCoin charts showing their daily timeframe.
On the daily we can see that price has managed to break out from a long term channel currently above resistance. While there is a possibility it could go back to support of the channel, we don't know for certain yet,...