BNBUSD has consolidated for months and finally looks ready for an upwards price move. Notice that price dropped back to the downwards trendline, re-found support, and is now back to testing the long-term horizontal level. With a 50% target in sights, and positive momentum building, we see Binance Coin as ready to begin its next leg up.
The weekly chart reveals XTZUSD is primed to re-test its ATH. Last week's candle closed strong and this weeks candle is already up above the past few months of consolidation candles. With ATH just 15% above the current price, this week may see us get there, for a potential breakout next week. RSI is not over stretched. MACD is turning up.
On July 8 we published this screenshot suggesting a pullback for ADA, finding support around 0.116 USD, then moving back to the high of 0.132. Check out how price has so closely followed the green line we drew... The combination of SparksterSignals algo backtesting tools and experience with technical analysis is a winning combo. Not to say we get...
The weekly candle close was not very exciting. For the past weeks we've seen very little price movement. I'm sure newbie / short time-frame traders are impatiently jumping into trades with each 15-minute 'bull run' only to be squashed by the 4-hour time-frame. Unless you have a highly reliable automated algo signals bot trading on your behalf such as we use at...
Pretty much spot on since we published this analysis back on 24th April! We still expect ETH to outperform BTC... although BTCUSD still usually provides more reliable trading signals as the market still tends to follow BTC's direction. There are benefits to being the Gorilla in the room, even if it makes you a slow climber. Are you paying attention? Are...
If today's candle closes at around the current price or higher, traders will be looking for a healthy price increase tomorrow on route to the 14% target above. Why? Because the candle formation will show today's candle as supporting yesterdays rise and thus follow through continuation of the upwards momentum that began a few days ago, along with the current...
2 weeks ago we projected a potential 14% drop for Tezos. That exact target was reached 14 days later. As of today, momentum is still negative although price may establish support at this level. XTZUSD will need to climb 9% to get back above the downward trendline to show positive momentum. Although 1-day MACD is pushing up, 2-day and 3-day time-frames...
Based on higher time-frame momentum the team at SparksterSignals expects BTCUSD to rally over the next couple of days.
Dogecoin was created by its Founder back in 2014 as a joke. It was a joke then. It's still a joke today. Pump and dump schemes have kept it alive along with algo trading bots that take advantage of opportunity. This week TikTok social network has jumped on the bandwagon with scamster videos projecting a price of $1 per 'stock' of DogeCoin. That's a 20,000%...
ADAUSD has been on a tear. The 12-hour time-frame chart reveals a perfect Ichimoku set-up all the way from cloud breakout on 26th June. All lines on the current Ichimoku 12-hour point up. There is a major horizontal resistance level 10% above current price so we think price will tag that level where many traders will take handsome profits off the table. A 150%...
If XRPBTC can reclaim the white horizontal level then the historical trend easily comes into play. A sharp burst of 300% profit potential. Until we do reclaim that horizontal, we remain neutral. (yeh right :)
XRPUSD has not climbed above the 2-day ichimoku cloud since it's ATH of $3.30 back in Jan 2018. Given the track-record we can't really project when it will happen, but only that the fundamentals and growth of the company make it more than likely that it will happen. If the current fresh momentum does the trick, then a further 20% rise is needed to get above...
Having just broken out of a multi-point horizontal resistance at it's previous ATH, LINKUSD could be ready to enter price discovery as the sky is the limit on how high this coin could go. However, short-term time-frames like this 2 hour chart show we may need to find support resting on the previous resistance level before the market finds confidence to rocket...
We haven't covered DGBUSD yet. Why? Because DGB isn't good for trading? Not at all. The reason is that we are focusing on coins that we can integrate into the SparksterSignals platform at some point, based on user interest. Our integration with Binance Exchange means that we focus on coins that are available for trading on Binance. And Digibyte was recently added....
Even with the current BTCUSD drop, LINKUSD has already rebounded, pushing against its ATH resistance. When the market starts to move up again, SparksterSignals is expecting strong performance from Chainlink.
It's debatable of VETUSD broke through the long-term resistance level for June close, but we'd lean closer to a YES! Short-term Moving Average momentum looks good and Volume profile has grown well, in line with price action, over the past few months, indicating confidence in this market. Whether VET hovers at current price level for July or continues up to the...
The weekly candle close was brutal. After an indecision candle 2 weeks ago which pierced resistance and then closed below... ...then last weeks candle a steep red... ...and MACD trending down... ...given the meteoric rise we've seen in ZILUSD the past few months... ...it makes sense that Ziliqa may have to drop all the way down to find support, perhaps at the...
2-day and 1-day momentum is now positive with a clear breakout of recent downtrend. ZILUSD looking to re-test local high once it breaks through immediate resistance. Previous downtrend projection is now cancelled