Cartesi is an application-specific rollup execution layer with a Linux runtime. After CTSI made a double top, price entered a corrective phase, and the right leg of a harmonic pattern was made. Then price broke the downtrend line and it seems the next upward move has started. Let's see what happens.
Presearch is the first decentralized search engine which seems to have a good future; need more nodes in many regions. Anyway, its price movement also harbinger of much higher prices. PRE is unfolding a huge inverted wedge pattern which means big movements as the wedge gets wider and wider. Let's see what happens.
Where the global market is headed? Is the world economy going into another inflation or stagflation period? Or even into a collapse? What going to happen to Gold, Stocks, Commodities, or Crypto markets? Are we going to be okay? No one can tell with certainty until it happens. Some claim they can! One way to prepare yourself for such scenario is to look for...
AXS came down to a key support area and started to show signs of changing direction as Bitcoin started to goes up. A harmonic pattern is also formed. There is a downtrend line that must first break in order to consider AXS's uptrend wave.
If you followed my last analysis on ETH, you would have known that ETH have one last downtrend wave to complete. The ETH analysis is still in place, but be careful since the effect of ETH merge is not so clear. There might be some sharp upward or downward moves, however I don't think anything unusual happen.
The previous downtrend ended in Nov 2022 and after that a new impulse wave started which also broke the downtrend line. Looking at the chart it seems that Dash has made a huge triangle pattern; this means if Dash breaks this triangle, a huge upward move can be expected. Let's see if Dash can reach the upper line of this triangle pattern.
Harmony's harmonic pattern has been completed for some time. Then price broke the downtrend line and the next uptrend started.
In the previous analysis of Bitcoin, two major support areas were identified, and we observed how Bitcoin reacted when it reached the first one. Now we can update the chart based on the new candles. Based on the Bitcoin behavior it seems one of two patterns may be forming; a channel (blue) or an inverted wedge (yellow). Unless some major-big-really good news...
LINA been in a downtrend wave for a long time. Now, LINA is trying to break the downtrend line; twice without success before. Let's see if it succeeds this time or not.
SHIB has broken the downtrend line, or the downward wedge to be exact, and gone up in the first minor wave. Currently, we are in the minor corrective wave which soon will be over; unless Bitcoin makes another crazy downward move :) There are two possible upward movements for SHIB: 1. if the upward unfold in an A-B-C wave, after that most probably the major...
Price is moving in a downtrend channel. We need to see price break the upper band of the downtrend channel as well as an increase in buy volume to confirm the trend change. Waiting for the price to form a higher low is a good strategy to lower the trading risk.
After the harmonic pattern ended, the correction waves started. It seems Ethereum correction may be unfolding in a 5 waves pattern. The first support area is around 400. Stay tuned for more updates.
Continuing from the previous analysis, the support area didn't hold and Bitcoin broke through it. So, when or where might Bitcoin's correction wave end? There are three possible areas where this could happen: 1. The 200 MA line on the weekly chart (pic is added below) 2. An area in the middle of which is priced at 18,250$ 3. An area in the middle of which is...
Bitcoin broke the bottom of the channel and panic has happened. Still no big deal, yet. There are two major support areas ahead: the first is the bottom of the major ascending channel, and the second is the horizontal double lines area. If you are a holder and want to buy Bitcoin or any other altcoins, best to wait and buy in these areas. If you are a swing future...
Let's not panic, Bitcoin still oscillating in a channel with a gentle slope. If you followed my last analysis, you would have known that after Bitcoin was rejected by the long-term blue line (yellow circles), a downtrend wave has been started. Now it seems that another harmonic pattern, like the one at the beginning of the channel, is forming. The right leg of...
If you followed my last analysis, on March 14th (upward arrow) I updated the analysis with a comment "Almost ready for takeoff", and from there Bitcoin went up almost 27%. During this ascending wave, Bitcoin broke many lines, one of which (the thick blue line) broke with a strong momentum showing that there is a greater tendency to be bullish. However, now bitcoin...
After breaking the major downtrend line, Bitcoin went up and now making a pullback. The pullback is unfolding in a harmonic pattern. After the harmonic pattern is complete, breaking its right leg downtrend line can be a signal for the next minor uptrend wave; a signal for those who trade the swings. However, keep in mind that it seems Bitcoin is not going to show...
So continuing from the previous analysis, Bitcoin decided to go up and now approaching an important line which in the past have reacted to several times. So keep an eye out for Bitcoin reacting to this line.