Massive correction is underway and also big names such as Ethereum are not safe. ETHUSD broke major support level on weekly chart and its heading to area marked in yellow. Market corrections don't necessarily mean a longer bull market is at its end, but its normal cyclical movement, especially in emerging market like crypto. The bigger the gains, the greatest is...
I covered IOTA before. I like the coin and the project behind it. I think it has long term potential, but this is my opinion and not investment advice. I normally use Linear scale chart on my trading, but this time I will use Log scale as its more appropriate on very wide range. I normally don’t cover long term trades, but this one is just looking to perfect....
BTCUSD had a nice rebound, close to $7000 mark, just above previous low and its now bouncing back to descending trendline (RED). It’s still a bearish trend pattern. I market possible scenarios and important levels to watch out. In blue square I market two very important levels. One is just under $11.800 (BLUE square), it’s the last higher high, before lower low...
The giant of all crypto, Ethereum, is closing down on major support trendline (red), which I marked many times before in my posts. It’s the trendline which is indicating the beginning of the bull run from last year. It’s the line, where all growth followed. ETH has to reset and move to here, that’s the normal cycle of every assets. Too much enthusiasm and optimism...
NEOUSD just touched trendline which could be strong support and act as point of short term reversal. $55 is the place to get in, place stop loss under the line and point towards $78. Its risky trade, we are still under a lot of pressure and panic, so stay tune and pay attention to possible pull backs.
NEOUSD sitting on previous bottom at $66, if this doesn't hold, then $40s levels are coming. RSI is deeply in oversold position, MACD can extend further, but what really worries me is low volume on basically all major coins. Also, NEO is lacking, no real volume, interest is just not here. But on the other side, this means, when the volume will rise, we will see...
I published BTC chart some weeks ago when I suggested the fall to $6000 or even below that ($4000). I still stand behind this call. I think 2018 will be a lot different for BTC than it was now. I also think we will see replacement on No. 1 spot among highest valued coins based on market cap - but this is another a story for some other post. BTC price is standing...
I posted this 3 months ago and then we reached my first target at $6000, now we are heading there again. If doubble bottom doesn't hold, $4000 is next strong level.
IOTA is ready to pop from descending triangle. 3 green candles in a row, fourth one is going to come soon. RSI is picking up, MACD is forming bullish -> Target $2.55, SL $1.48.
XRPUSD closed down on 100 MA and fib 0.236 which is acting as current support. Huge downfall from top on daily chart, and now trending higher. Next resistance levels on the upside are $1.15, $1.35 and $1.65. If XRP manages to get over first two, the rocket might ignite again. On the downside $0.67 is absolutely the last support before hitting the ground.
Recognizing the pattern in chart could led to massive returns. LTCUSD has been forming a descending triangle since forming a top on 12.12. Yesterday it touched resistance level at $100, which was the same as 4 days ago. Double bottom could lead to trend reversal, but even stronger indicator would be, break from descending triangle. Look for this break that could...
BTC retraced to $6000, exactly to the point I market weeks ago. It was the last red weekly candle. I need to see a couple of signs that this crash is over before putting more inside – for now it’s just a bounce back. I'm looking for several green candles in row, volume, RSI & MACD picking up to mark it a reversal point. I will cover multiple trades in following...
History always repeats on markets, that’s way we can predict things or at least anticipate them. Technical analysis is basically the study of past price and activity history from charts in order to predict future price movements. Let’s have a look at ETH price movement – (it was similar for some other coins, I will post later). ETHUSD had retracement back on 17...
BTCUSD pair was struggling over the last 24 hours. Bitcoin has been absolutely pummelled after the well-documented break above $10,000. The daily candle from the last session would have been a shooting star. This is a very negative sign, but currently it looks the $9400 level is offering support. If it gives way to selling pressure, expect a run down to the $9000...
NEO had correction from top. It fell under 100$, but when you look at daily chart, nothing major happened. I posted NEO chart before (check previous posts) and I took some profits, but current price offers good reward for those who are still out of position. $140 level looks to be strong on daily chart, target -> back to $200. I still see NEO undervalued to other...
The day after tomorrow or what should I call the last day correction. Its massive, but its not something we did not see before. I’m posting 1H chart ETHUSD, you can see we had the same correction in DEC, when market fell 47%. It bounced back from trendline and in 10 days completely recovered. Now its almost the same story. ETH lost 44% from top, rebounded from...
XRP had massive correction from top. It’s now hovering on $1.36 level, it touched lower support on $0.89, which was also fib 0.326 level. Next resistance to the upside is on $1.63 which is crucial if we want to see higher prices. Daily chart is not looking good for now and we are not out of the woods, but this is part of crypto trading – there is a lot of movement...
NEO had a nice break from triangle pattern on $80. Cleary this is now new support. It moved quickly to $100 where we had some resistance. Getting off from here will trigger us to $150 level, which is also 2.628 fib extension from first run up.