Binance recently listed Blur sending it from $0.40 to $0.80. Now we have seen a pullback to the psychological $0.50 level and we see something interesting forming. The chart on the left shows us the Blur chart with more price action history. On our 4H RSI we see we did create a double bottom. On top of that we are started to form a W pattern. If price is able to...
Lots of bullish narratives for DOGE in DEC/JAN. We assume Elon will light this fire as well. Technical Analysis is also lining up for a good pump on DOGE. When we form these long term trendlines of resistance it usually leads to a nice breakout. Once we broke our first resistance trendline we had a 170% pump. Currently, we have had a breakout above our second...
pHex has been forming this large symmetrical triangle for almost 200 days now, which means a breakout should lead to a pretty explosive move. Based on the technicals, our breakout target should lead us about 195% higher from the current price to around $0.03. Right now the bottom of this triangle is around $0.008 and the top of our trendline currently sits...
Hello traders, On a few of the lower timeframes we see a slight bearish divergence forming with our RSI. Where price continues to climb higher but the strength is diminishing. On top of that we just formed a double top at $6.67. Since this is on the lower timeframe I would not say its the strongest signal, but wanted to put this on your guys radar. If we do see...
Right now Rune is battling our purple trendline of resistance. This has been a trendline that was established over two years ago! If we are able to stay and close above this trendline we should see continued price movement towards the fib levels outlined. If we fail to maintain this level we will see a fall to the $2-3 level.
Hello traders, today I want to focus on a fractal pattern from 2020 that I think we might see here in 2023. In 2020 we formed a major area of resistance around $10.5k (red circle). Then we had the first break of that major resistance (purple arrow). Followed by a drop to the 0.618 and flipped that major level of old resistance into a new level of support. Once...
Just found one of my old Solana charts and oh wow, how this has played out so well. I was looking for a 236% move once our pennant broke. We did make the break to the downside first to our 0.786, but still made a 236% move exactly from our breakout target. Amazing how this played out and also hit our 0.236 as perfect resistance of our macro fib trend. Just thought...
One of ETH's most important levels this bear cycle has been the $2,150 level. It was our swing low level of support in 2022 and once that level was lost it became our new resistance in 2023. Recently price action tested it once, got rejected, then tested it a second time and has been rejected again. So far that signals a double top in price unless ETH can really...
Bulls, sadly we are not out of the water yet. With this recent push to $38.4k bullish hopieum hit dangerous levels and was quickly rejected by the bears. Strictly based on TA, we are about to have a pretty big drop. This is due to the massive bearish divergence we are seeing on the 1D RSI. We see price action had made a series of 5 higher high in price (labeled...
Amazing to see this pattern continue to act as perfect support and resistance. Once we break the resistance or support trendlines is when we should see the next major move for BTC.
TIA Has exploded over the past couple weeks and is starting to cooldown. My Fibonacci analysis perfectly outlines what's next for TIA. In its current trend from our swing low to our swing high we see price is trying to hold the 0.382 to potential test the 0.236 as resistance. For me, I would want to see TIA around the 0.618 golden ratio ($4.20) before hopping...
Here is another update to my previous BTC chart that perfectly caught the last low. What we can see is the double top has so far held as that key resistance level. We can also see our solid red resistance line where price has again rejected from (red arrows). Also, our 4h RSI is showing continued bearish divergence (with higher highs in price and lower highs on...
If you guys have been following our previous BTC posts you will have noticed how perfectly price action has respected our lower dotted trendline. BUT we had two very bearish formation in the charts formed yesterday. The first was a double top in price around $38k, and the second was the candle stick formation upon yesterday's daily close. We had a pump right up to...
Right now we are monitoring a short term breakout on the 1H. We formed this symmetrical triangle (orange trendlines) that we broke out from, retested as new support, and have seen some buying pressure since the retest. It is possible that we are still in this triangle if we use our dotted orange trendline as the top, but at the moment it looks like a breakout....
After seeing ETH/BTC fall right back to 0.051 at the same trendline we have seen many touchpoint of support. Right as we touch that trendline the news comes out of BlackRock's ETH ETF. Amazing how that works.
Although I am really excited about the potential ETF announcements, I must show you the facts in the chart. Right now the facts show we are facing BTC's biggest roadblock in the short term. This roadblock is the white trendline I have drawn that has played a key role for the last 1 Year! It has lead to many pumps in price off this trendline (green arrows) and...
Here is an update to my previous prediction made back in Jan 2023. Original Idea can be found above. After breaking above the key 1.04T level we flipped it into new support and have risen about $300b to the 1.33T level. This level is currently a very important level of resistance as it was our macro level of support (for candle bodies) back in the bull market...
Looks like Hex has currently broken down on the 4H timeframe. Price was maintained in a symmetrical triangle until we had a breakdown, retested the old trendline of support as new resistance and have fallen down to the 0.5 fib. If we get a daily close below this symmetrical triangle we could expect price to fall lower to the 0.618 or even the 0.786. This makes...