LINK broke $10 important support in relatively high volume. Entire crypto market is in panic, a beautiful indication that we are approaching the bottom. • To begin the uptrend LINK needs to regain, in a short period of time, $10 level. • I don’t suggest to short LINK now, cause it’s already near to a bottom. It’s wise to wait for a break and test $7.50 as...
A new reversal pattern has come to reinforce the previous signal of a possible reversal. All the last 5 candlesticks have long tails. That a sign of a local supply zone. Price may go as low as 45% or more before find the next important support at $2.30. Any thing can happen in the crypto market, be careful with your shorts. You can find my previous KNC TA...
As I said in my previous two TAs KNC showed strong signs of a bearish reversal. One more sign has added; this of the fakeout. “In this report I will explain some crucial issues, most novice traders ignore and lose money and time. “ Fakeout is one of the most dangerous bullish or bearish signs and if you are unable to deal with them you can lose a significant...
A beautiful breakout for BTC occurred during Powell’s speech. In contrast with what most people believed, Bitcoin broke $39k in relatively high volume and touch $40k. The first signs of weakness in volume and the candlesticks are already visible, so a return and test of the previous resistance is possible. At the same time DXY (is negatively correlated with...
10 hours has left before BTC's month candle close, while bitcoin is slightly above its crucial support - previous month close - at $38.5k. Fear & Greed index is at 20 points (extreme fear) Nuclear war treats EU parliament crypto bans Inflation Fed threats rising interest rates & many more are holding the markets in uncertainty & extreme fear On the other side,...
Bitcoin is trading sideways last 5 days forming a symmetrical triangle and a pennant at the same time. In modern markets there are not bullish and bearish patterns on its own. To be profitable, you need to use them in conjunction with other indicators, news etc. Volume is declining, it's normal during the consolidation phase. In the long run BTC is still in a bull...
KNC is in an uptrend since January while almost all other crypto are in a bear trend. Last 3 days is struggling to break its previous high at $4.25. That's what i'm concerned is the volume. It is declining both it the daily and weekly while price is continue to raise. A rejection is expected in this resistance $4.25 or around 161.8% Fibonacci extension. If you...
MANA found strong resistance at $2.77, in the last 7 days. Price action suggests a further fall before the pump. Decentraland is one of the Kings in Metaverse, so I will be not surprised if we see a 10X, in the long run, of course. To go long, wait for a possible correction at $2.29 - 2.19. If price don’t reach these levels a nice entry is between $2.82 – 2.72,...
SOL is fighting once again the previous resistance level at ~ $120, as BTC is ranging between $46.57 and $48.2k – and struggling to break the latter - in the last 2-3 days. (Short-term 20D MA just crossed above long-term 50D MA. Personally, I don’t trust MA crossover in MTF or LTF, but if you do be careful and use them only in conjunction with other indicators,...
SOL broke $119 resistance in relatively high volume, but price raised only 1.67%. In conjunction with the last 3 days price action that’s a bit worrying, it’s a short-term bearish sign. Before the correction SOL may reach $150 – 145. A nice entry point to go long is below $106.5 or after the $150 resistance breakout. Investing is a probability game. Try for...
Update: As expected, breakout occurred yesterday in relatively high. Today AAVE find local resistance at 26.60% Fib lvl. After a breakout, a correction -test of the previous resistance lvl - is the most possible scenario. So, A ‘normal’ support is near $215 or $192.81. Investing is a probability game. Try for consistency, there is no perfection in this. Not...
The most obvious scenario confirmed. After the rejection at 0.236 Fibonacci level, AAVE is testing previous resistance level at $213, if it fails (probably), next support is around $192. Last support to continue its uptrend is $170. The new threats of energy crisis, etc. may drag price so low. We will see in the next days. Investing is a probability game. Try for...
Hello to everyone, I know these are difficult days for some of you – Bitcoin and many Altcoins are in the edge of a free fall – and you are confused what will happen. Was that a bull trap? Is this the end of the bull market? Last days Ukraine – Russia tensions are boosted by media over and over again. News like energy crisis, financial crisis, even an imminent...
XTZ is trading in an ascending channel (Log Chart) since February 2020. Both trendlines was tested several times in the past. There are many multiple factors that affect all markets last days or weeks, like events on Canada, Biden’s crypto executive order or Russia – Ukraine conflict, etc. At the time of writing this report, XTZ is trading at $3.17, a further...
XTZ bounced on support at relatively high volume, while yesterdays green candlestick is bullish sign at least in the short term. If you don't bought the dip, you may enter the market in the next correction. The most obvious scenario is that price will rejected near the bearish trendline and return at the bullish trendline. Trading is a probability game. There is...
KSM is trading sideways between $145 and $115 just below key resistance $150. Due to Russia – Ukraine war entire market is in defense. To continue its uptrend KSM needs to flip $150 resistance. Every move above $150 is bullish and every move below $100 is bearish. As long as, KSM is ranging in this area it is not recommended to open neither short or long...
At last, after 3 months in accumulation, BTC broke the resistance at $45k. In 4H LTF, volume follow the price with a break above the MA. As for the 1D MTF, I am bit ‘worried’. Volume is relatively low. Price action will confirm or not the breakout. We will see, in the next hours or days. If $45k level will be tested as support, price may return for a short...
Aave is approaching once again the bearish trendline. There are almost 11 hours left before the market ‘’close’’ and volume is already above the MA. After the trendline breakout the most important level - Aave need to flip before reaches new highs - is $300. In my opinion, Aave is an undervalued asset. So, if nothing changes in the fundamentals or in the world,...