Bitcoin makes its move and it is bullish. At least for now. After clean breakout from falling channel, breaking trendline from ATH and 21 D MA + RSI breakout, we could finally say that BTC is moving back upwards. As new resistance/target point for BTC I'm looking at 54-55k level. It is next most active VPVR level, 50 daily MA is also there + Anchored VWAP from...
After massive pump of 13000% and classic ABC correction MATIC is building bullish structure. Since C wave and capitulation Polygon/MATIC is forming higher lows and higher highs. BTC is still struggle to break upwards, while MATIC is already at ATH level. When MATIC enter into price discovery mode, price targets are ungrateful to predict but my are fib....
BNB is in good position for short or even longer term trade. 3D chart is used for analysis because of better visibility of longer time period. With buying pressure present at current support level and stop loss just under recent lows, risk/reward ration is very favorable. Ever since big pump and expected dump after it, BNB is creating higher highs and higher...
NIO is in consolidation for long time after big upwards price action in form of falling wedge/channel. Currently sitting on weekly support with oversold condition on RSI. Notice that NIO stock price rise after every visit to/near oversold area, which offers good bounce trade setup here.
SHIB after huge pump (1200%) is in downwards corrective movement. Price has fall to last support area and it might keep inside this accumulation area for some time (until some better time for alts and meme coins - hype time). At the moment I don't own any SHIB, but I'm looking to add if it breaks 21 D MA (black line), which will also mean breaking from falling...
LTC dumped, as most of the crypto market. Overall crypto future is still uncertain but I like this chart. LTC hit support and create some wicks which indicates buy pressure. Long term trendline is also retested, Stoch RSI is oversold. Risk/reward ration here is acceptable, I'm targeting 50% gain. When LTC dumped last time it retraced exactly to 0.618 Fib. For...
Analysis update from previous analysis with more project info: SPELL is one of few that shows signs of life after a few listings, and overall crypto market dump 💪 Once trendline is broken, retest of 0.02$ is imminent. Next level to watch is 0.029$ 🚀
Abracadabra.money is a lending platform that allows users to borrow funds using Interest Bearing Tokens as collateral. SPELL is its token, used for incentivaztion as well as voting right when staked. There is not much TA to do on this chart. I'm posting it because I watched it last month and forgot about it until I see Coinbase Pro listing announcement. I...
Bitcoin is almost two weeks inside this channel. Unbelievable boring considering crypto dynamic environment. Until BTC breakout up/down relax and set your alerts. Usually during weekends there is no significant movement, but who knows, 2 weeks ago it was very dynamic. ;)
For now it looks like USDT dominance didn't reach upper boundary when last dump occur which isn't good sign. Last time when USDT dominance jump so high (approx. 55% from current level) is when BTC dumped 25% in a day. If something like this happen again BTC would probable dump to 30k region (red scenario). This would be marked as a start of bear market for...
- falling wedge retested ✅ - bullish divergence extended ✅ - small resistance at 0.30$, once turned into support test and probable breakout from dashed trendline is probable 🤙 Falling channel is also possible new pattern here.
For now ETH looks like it will close under support. In that case, for short term period I expect some further dip to "D support" and orange scenario to playout. If we dip under 3450$ and close there, further dive lower is probable. Notice potential hidden bullish divergence and falling wedge in formation as potential bullish outcome.
BTC is in consolidation before breakout up or down. In this situation I'm leaning to breakout to upside. My reasons are: - falling channel --> usually bullish - RSI very low, near trendline --> breakout is matter of time - Funding rate and premium index in accumulation The premium index is based on the difference in price between the perpetual swap contract...
Since it became a deflationary currency ETH holders are holding much better in bearish market condition. Recent flash dump was driven by liquidations which you can see even on volume, you don't need onchain or any other tool. Since ETH broke through previous ATH resistance, the volume has been steadily declining expect for the May crash. I don't expect new low...
If something happen in last bull cycle it doesn't have to happen in this cycle too, but we can play with these charts and make some predictions base on history data we got. The current ETH price action reminds me of last cycle price consolidation before takeoff. Graph similarities are great but ETH in 2017 isn't the same one as today's ETH. Back in 2017, for...
Radix is the first layer-one protocol specifically built to serve DeFi. 65% discount from the ATH seems reasonable signal to act. Retrace to Anchored VWAP (from trading start) and falling wedge are another green flags for this decision. Project is well known to most of crypto community and some of most popular crypto influencers adores it (CryptoBirb and...
Last time when BTC had 4 red weeks in a row were when BTC was under 10k! Consolidation in this weekly support area (+ 0.618 Fib. retracement + Anchored VWAP from last bottoms) and move to upside after it. Push down to 30-33k would be another 50+ % drop. At the moment I don't expect it. Too many people talk about it, so probable it won't happen. Fear is present....
The current CoinMarketCap ranking is #21, with a market cap of just $10,000,000,000 USD. We all remember famous chainlink run from 0.5$ to 50$, but after it LINK enter into long consolidation. Considering CMC ranking and M.Cap od just 10 Billion (for example, at the same time DOGE is at 22 Billion) LINK should reach 50 Billion at least in Q1-Q2 next year. Price...