Weekly Looking at our trend timeframe we see the price has not broken out of its major downtrend since forming an ATH in 2017. In 2019 BTC bounced off $3,000 for support, back in March BTC bounced off $3,000 once again. Since then Bitcoin has slowly pushed towards the upside, currently sitting at $7,750. With no signs of a reversal could this be the beginning of...
Weekly looking at our trend timeframe we see XTZ has formed a higher low at $1.40 and price is now looking to make a push towards the upside. Stochastic RSI showing bearish momentum has slowed down and we could be seeing a shift towards the upside. With enough momentum expect XTZ to see $2.20 soon. Daily switching over to our pattern timeframe we see the...
Weekly looking at our trend timeframe we see BTC has found support at $5,000 after selling off for a couple of weeks. We also see the price broke out of its descending pendant and tested for support. Stochastic RSI showing momentum is just now starting to shift in favor of the bulls. A weekly close above $6,700 is a god sign we will continue towards the...
Daily Looking at our trend timeframe we see ALGO continues in a minor downtrend since forming our head and shoulders pattern. Stochastic RSI showing momentum is in favor of the bears however it does look tobe slowing down. The last (2) daily candles do show some exhaustion with their wicks, possible we get a reversal at this level. 4Hour Shifting over to our...
Daily Looking at our trend timeframe we see XRP continues respecting its downtrend channel, stochastic rsi showing momentum in favor of the bears. The last time XRP was at this price was at the end of 2019 and the beginning of 2020. Where we saw the price jump from $0.1800 as high as $0.3450, the price has now found support at $0.1975. Daily resistance at...
Weekly Looking at our trend timeframe we can BTC is continuing with its sell-off, stochastic rsi showing momentum is in favor of the bears with no signs of slowing down. Previously BTC was respecting our descending channel pattern before breaking out, the price has now returned to our dynamic support. A bounce off our $7,000 zone validates BTC is an uptrend if...
Daily Looking at our highest timeframe we see the price continuing to respect our uptrend, however, we are seeing some bearish price action. Stochastic RSI showing momentum in favor of the bears and we could continue to see a sell-off towards $2.20. A look at our smaller timeframes will give us a better look. 4Hour Shifting over to our pattern timeframe we...
Daily Looking at our highest timeframe we see ALGO has formed a head and shoulder (H&S) pattern and is currently testing our dynamic support at $0.30. Stochastic RSI showing momentum is in favor of the bears with no signs of slowing down. A bounce off this level invalidates this (H&S) however we would still need to close above $0.3200 to continue towards the...
Daily Looking at our highest timeframe we see ALGO has remained in its uptrend since the beginning of February, although we are in a minor correction. Stochastic RSI showing momentum has formed a double bottom and the bulls are in a slight pause. Our (2) most recent daily candles are showing some wicks, could be an early sign of the bears getting exhausted. A...
Weekly Looking at our trend timeframe we see BTC remains in its minor uptrend when compared to its overall downtrend since making its ATH. Stochastic RSI showing momentum is in favor of the bears, however, price action has found support at $8,500. Daily Shifting over to our pattern timeframe we see BTC has broken out of its minor downtrend and tested for...
Weekly Looking at our trend timeframe we see XRP has remained in a downtrend, stochastic rsi showing momentum in favor of the bears. This week's candle currently testing minor support is this the beginning of an uptrend. Daily Shifting over to our pattern timeframe we see XRP has tested the $0.2200 zone on multiple occasions and it won't seem to budge....
Daily Looking at our trend timeframe we see XTZ has been in an uptrend since late 2019. Stochastic RSI showing momentum is just now starting to shift in favor of the bulls. Price has been consolidated between $2.55 and $2.80. Yesterday's daily candle was a bullish engulfing at a support level and we should expect Tezos to make another run towards the upside. ...
Daily Looking at our highest timeframe we see ALGO testing our dynamic support(uptrend) stochastic rsi showing momentum is in favor of the bears with no signs of reversal. ALGO formed a higher high with a daily close at $0.50 taking out our previous higher high at $0.40. Since making a new high the price has remained in a minor downtrend and is now looking for...
Daily Looking at our trend timeframe we see XTZ is currently testing our trendline, stochastic rsi showing momentum remains in bottomed out at this level. In the month of February we saw the price go as high as $3.90 and as low as $1.64, where is March going to take us. A daily close below our $2.65 support is a good sign we will continue towards the downside....
Weekly Looking at our highest timeframe we see BTC has been selling off this week, after running into resistance at $10,550. Stochastic RSI showing momentum is just now starting to shift in favor of the bears. Minor support currently being tested at the $8,250, rejection from this level gives BTC another opportunity to make a push towards $11,000. If we see some...
Weekly (zoomed out) Looking at our trend timeframe we see XRP continues to respect its downtrend, stochastic rsi showing momentum is in favor of the bulls. Previous price action history shows us, XRP tends to break out when respecting a descending pattern as shown above. The price is currently testing our uptrend drawn from the 2017 bull run. A closer look may...
Daily Looking at our trend timeframe we see XTZ has remained in an uptrend, stochastic rsi showing momentum has bottomed out. Looking at our (3) most recent daily candles we see price forming higher lows, this is a good sign and we could be prepping for another leg to the upside. 4Hour Shifting over to our pattern timeframe we see XTZ has broken out of its...
Weekly Looking at our highest timeframe we see ALGO has never seen a bull run, and already shows some great upside potential. Support found at $0.18 and has remained in an uptrend since. Price has retraced about 30% since making a higher high at almost $0.5200, this week’s candle looks like it has bounced off our previous breakout zone. Some in the crypto...