It's weekend and usually we don't see any significant price action during it. BTC is currently oversold and we could expect some bounce back to retest breakout point. This structure is reminiscent of last distribution before big dump to 30k (maybe it's not coincidence). At this point I see BTC next week at 62-63k level to retest break down zone. Too many longs...
Some of the top exchanges for trading in Clover Finance are currently Binance, Coinbase Exchange, OKEx, KuCoin, FTX, Hotcoin Global etc. The project was founded in May 2020 and the mainnet of Clover Finance launched in July 2021. Rarely new project get listed on all major exchanges is such a short time period and with so small Market Cap ($148 Mil.) Since...
BTC is closing 4h candle with big wick on it. Bullish divergence is confirmed (if we don't dump even more soon), but is it enough to push BTC upwards? BTC drops are usually like elevator ride, but price often tends to recover and retest previous breakout point. During weekends BTC usually don't make significant moves. We may have to wait next week to determinate...
BTC long/short ratio is down 75% and sitting on support area. It look like short squeeze is done but ratio is still 20:1 to longs. One final squeeze to clean longs wouldn't be so surprising considered that ratio is still to high. Not so long time ago it was 3-4:1.
After little dump and long squeeze, BTC is forming bullish pattern and preparing to retest breakout zone at aprox. 63k $. My target is Anchored VWAP (blue line) for this short term action. Notice all these bull/bear divergencies. A lot of traders are indecisive and scenario where we retest breakout point (little bull trap) and then dump again (another leg down,...
Curve is a decentralized exchange for stablecoins that uses an automated market maker to manage liquidity. Market Cap of 1,6 billion is just ridiculous for this project. Market Cap/TVL (Total Value Locked) Ratio confirms that with value of just 0.08!! (For example UNI is at 1.31 ratio and 13.6 billion Market Cap) Chart is also looking good. Consolidation after...
After huge (over 2 years long) H&S formation on ETH/BTC chart and final breakout, its seams that ETH enter another pretty long consolidation in form of pennant pattern (since May '21). With all this blood on the streets (mini version) I decided to look more closely on ETH potential over BTC. As I mentioned pennant pattern already, it is at advanced stage and...
BTC is in some kind of small consolidation after breaking out from previous triangle. Until we see RSI trendline breakout, new highs for BTC are postponed (notice bearish divergence too). As support, I'm watching 21 D MA + trendline. Next level, if 21 D MA is lost, is 58k + Anchored VWAP (upper blue line) as good buy opportunity. Lower blue line is Anchored...
AAVE/ETH chart shows historic low levels. Bullish divergence on RSI is forming for whole month. Swap some allocation from ETH to AAVE probable isn't bad idea.
Chainlink is current No. 15 coin by market cap (around 15 bil. $). For comparison: DOGE 35 bil.; XRP 55 bil.; ADA 67 bil. $ Everyone knows how strong LINK is and I don't see any scenario where it will stay on 15 billion $ M. Cap! It is just so dam low. Another great simple indicator for crypto I love is YTD % on Coin Market Cap. LINK is at 180% while BNB is...
After long waited breakout and 45% gain, LTC is in consolidation phase. Good news is that prices is forming falling wedge which usually indicates trend continuation. RSI has returned to its normal range before breakout, and Stock RSI formed crossover and it looks ready to enter overbought territory again. Besides resistance around previous highs, Anchored VWAP...
Litecoin is probable the most underestimated coin in TOP 100 and maybe beyond. Almost all tweets about it says: "It's dead", "Shitcoin", "It will never reach previous highs", etc. But only one thing is certain: LTC will hugely outperform BTC in next months. Mega bearish stance from crypto community, awesome looking chart and bull run history are my allies...
First of all, analysis is made on 1D chart but 12h has more details so I chose it for publishing. As you can see SHIBA is in triangle formation (I would even say pennant pattern because it's trend continuation pattern and I expect further upside price movement here). Last few days SHIBA has created higher low and approaching resistance trend line. Also you can...
HBAR is very unique project and I think it isn't get all traction it deserves. Unlike most other cryptocurrency platforms, Hedera Hashgraph isn’t built on top of a conventional blockchain. Instead, it introduces a completely novel type of distributed ledger technology known as a Hashgraph (improve upon many blockchain-based alternatives in several key areas,...
Short-Mid term BTCUSD price action possibilities and predictions before breakout to the new highs.
When it come to prediction of LTC price this is probable the best way to determinate market direction. Price action repeating the same pattern from last bull market. Will it blow of top like last time and then crash or continue ongoing crash we will see. Considering BTC breakout it is possible another reversal and higher ratio levels (apox. 400 in that case in...
SEC lawsuit demolish XRP potential so far in this cycle but it didn't destroy it also. Token price is in good trend and just breakout from 6 months long triangle pattern. If XRP manage to stay above triangle, 1.40$ is first target/resistance to watch, but 1.80$ is major one. Furthermore next targets in my opinion are: 2.70$ (previous ATH region) and 5.20$...
Launched few months ago. Instantly placed it in the TOP 10 by Market Cap, but since then only dumps occurs. Available for trade on all major exchanges (Binance, Coinbase, Bitfinex, Huobi etc.) It looks like it is in accumulation and waiting for its moment to shine. Looks like EOS in last bull market. Huge hype --> dump --> long accumulation --> moon. For new...