Bear with me in this mess of resistances and supports. UMA is characterized by a lot of R/S within this very huge pattern which is forming. As you can see though, the good news is that despite it dumped several times its price always bounced on a HL on the daily timeframe. Average volume as increase over time and especially since 15th of Apri which is a good...
Damn... I had written this before and I cancelled by mistake! Ok, I'll summarize. After such kind of patterns (triangles but especially ascending channels) breaks downwards it's very commond that once they start reversal the recovery is stronger than the dump. DOT has already recovered 14%, probably will retrace a bit so I'd suggest to set a buy price below...
Sorry, I am very busy lately so I couldn't post much yesterday. This chart is full of trendilines, I know, but if you focus you can read it. BTC broke down this huge rising wedge (white lines) and is currently bouncing on that strong support at 47.5k, I've used a thicker red dashed line to highlight it. As you can see from volume profile there have been a lot of...
I wasn't sure some hours ago when I identified so I waited a bit, now I'm sure. I've indicated the target by rules but who knows.... According with the target it should hit 59.5K which makes sense since it's just under an important resistance. If you wanna long this one I think this is a nice entry. Just be aware very often there's a retest of the neckline of the H&S.
I think I made a self-explanatory title, in general today most of alts seems in position to bounce back after yesterday's dump. Volume isn't super high but as you can see in the chart, XLM always have a similar volume before a pump. There's a bullish DIV on RSI and even on other indicators I'm not showing here (CCI, MFI) and price is definitely very close to TMA...
The white lines define an ascending wedge (I think I've posted a signal about it days ago) which was rising against a bearish DIV. Despite the wedge price rose until the 14th and recently retraced until yesterday's dump which made the market crash (damn BTC-dependent market). Today I was just checking BTC chart and I saw the retest against my wedge's support....
So, although indicators are not very promising on this, you can see as ALPHA bounced on 0.618 and now it's heading up. The chart pattern is a bullish one during a bull market = it's matter of time before it pumps. If daily candlestick close as a hanging man I expect price to test again 0.5 and pennant's bottom but eventually it'd go up. If you have not much time...
As you can see, my first signal on BTC dominance was right, it broke out and it's going down. Currently it's hitting a support. As long as it goes down but stays over 30% it's alt season and if BTC price goes up while BTC dominance goes down don't be surprised. If dominance starts ranging at this level altcoin traders will be happy too. If BTC dominance should go...
RSR has been quiet for almost a month, it almost reached 0.1$ and then dumped, did a series of swings to create this symmetrical triangle. I think symmetrical triangles are among the chart pattern that deliver the most so, if this is a bullish scenario like I think it is, the target will be reached pretty soon from the breakout. Right now indicators say it's...
BTC is in this rising wedge since a couple of days and seeing that bearish DIV it was legit to expect a a price drop, however in this bull market the most of the coins with bear DIV I saw pumped anyway. I think this is the new normal. Coinbase listing caused a wave of bearishness on BTC so I won't rule out a retracement and my supports are there in case this...
Although it's already +18% I think this will go up a lot more. Current daily candle is over the Ichimoku cloud and ADX+DI (not shown) indicates a good bullish momentum although at 15 min is clear there'll be a retracement which I think it's physiological. I would wait for the retracement to jump in, if price retraces until the support enter there and use the...
So, I had two theories on GRT but at this point in both cases this looks like a breakout. However I took in account the worst case in which it should pump less because it's always better to have realistic targets. That resistance is what price has to break, especially in case it goes down to retest the support. Use stop loss according to my risk/reward indicator...
I've posted this signal days ago, price seemed close to break out but then BTC dumped making the entire market dumping with it. POLSWETH dumped as well but it just broaded the wedge. I left it be for some days but now I think we're approaching the break out. The risk/reward ratio is convenient and POLSUSDT (on various exchange) has broken out from a triangle. If...
This is a rising wedge at daily timeframe, there's bearish DIV and funding rates are pretty high. Price was over the wedge's upper border less than 1h ago and now is already back inside. I think a price correction is possible although this bull season a lot of coins didn't care and pumped against bearish DIVs. Supports are on the chart. Watch out and use stop...
LINK is starting another run. I had this TA done from days but I didn't have the time to post it, I'm sorry. I didn't even entered the trade and I saw this coming.... and I also forgot I saw this coming. Anyway, despite the target I think LINK will go over 40, probably 42-45 so if you wanna enter you still have time to do it. STOP LOSS at 29.13
UMA's broke out the triangle a couple of days ago, overnight price has rised and now is testing for the fourth time the 26.4-27USDT resistance zone. This has proved to be a pretty tough one, to be sure price gonna pierce it I wanna see an entire 4h candle closed over this zone. Squeeze momentum indicator shows that price is contracting but bars look like those...
This TA follows that I released past 26th of March (and all its updates, check on my profile). NEO is proceding smoothly its breakout, despite the target isn't reached yet the momentum is there, however I expect a retracement between 4 and 8% according to trendilines. Ichimoku cloud instead says it can be more, so let's round up to be safe, let's say no more...
So this pattern shows as BTC dominance has broken down this triangle. This means that alts should fly from here, at least in theory. BTC should settle down and money should flow into alts. However if dominance dumps too much BTC is likely to dump as well and as domino effects maybe people will buy fiat causing a general market dump. So it's a balance. For alt...