I heard AVAX got listed on Robinhood.
After the initial pump, Price has been testing 30.23 level, worth keeping an eye on.
If the News entry was missed, it's worth waiting to see for 30.23 to be definitively Confirmed or Rejected before opening a Trade.
As I'm writing this, the current 4H Candle looks Oooff!
This is an update to my Coinbase Idea from July 26, linked below.
I've mapped couple new levels but my overall plan hasn't changed, waiting for Earnings on August 9th.
Coinbase flying today, only reason I can think of is the $200mil Nomad exploit.
Price is hesitating to break above the Golden Pocket of fibs taken from July 20th. A lower timeframe will help in...
In an attempt to avoid side action, I'm watching what BNB does at 287.3
If it's a bounce on 287.3, I think BNB will make a run for 302.5
If BNB breaks below 287.3, retests and rejects, then I think it'll be a decent retracement targeting 273.9
At the moment there are some Bear signs, but the volume and volatility just...
Internet Computer (whatever that means) ICP had a massive move, 32%, on a tiny 3.4mil in Volume (not $, just tokens). This was a parabolic move, shorting ICP is high risk, as general stats are yet to show weakness.
Daily RSI: 63.35
Daily Volume % change:...
Impressive run on Ethereum Classic, stats show it's getting time to retrace.
I imagine ETC will test and reject the blue trendline.
Daily Vol % change: -27.88%
Daily RSI is way up there: 84.33
Short Target #1: 36.9
Short Target #2: 33.8 to 32.1
It is important to rebalance the chart when a level...
Hi friends, Today was a Good Day!
At the beginning of this month I went on an adventure, I've done my due diligence on Coinbase. An exchange I love, It was a first legit crypto exchange I used back in 2013. Our relationship was great, coins went in cash came out.
In the short term I expect BINANCE:SOLUSDT to break through this block, form a lower high, reject the Parallel Channel median and head towards 35.2.
Another scenario I'm looking at on the hourly chart, is from a point of view of an Ascending Channel. I still expect the price to get rejected on the...
Should I store my assets in USDT?
I will try to answer this question mostly utilizing the Fundamental Qualitative Analysis.
Tether, USDT is a well known stablecoin (reference the chart). There are many just like it, Circle's USDC, Binance's BUSD, MakerDAO's DAI, they all promise a 1 to 1 peg to the USD (at the time of writing 1 BUSD is...
Heard some KuCoin news in the twitter-sphere, decided to look at the chart.
Support Channel Daily: 9.4 - 9.1
Resistance Channel 4H: 11.1 - 10.7
Price might bounce off 9.6 or go into the Support Channel.
Target # 11.4
Target #2 12.3
Borders of the Resistance Channel also work as Targets or TP
This pump might finally breakout Axie out of this former Daily Support.
It's normal to expect a slight retracement right now, maybe to that green 4H Support.
The 4H Support or the bottom of the green parallel channel is where I'll try to open position. So around 16.10-ish .
If my thesis holds, I'll aim for these targets:
Target 1: 21.1
I'm seeing mixed signals on the 1H, 4H and Daily timeframes.
1H Gold might get stuck between the channel median and first Resistance.
4H Gold is ready to retrace, test the 1701 level and then more Up.
Daily Gold is eyeing the resistance and channel top.
Part Two of the Qualitative and Quantitative NASDAQ:COIN analysis.
My updated levels for Coinbase are 63.5 and 53.5 , these are support levels and potential Short targets.
I added the 105 level for balance, Long target but I wouldn't hold my breath for it.
Tangible Book Value Range is still the same: 35.22 to 23.48
Never really trade AMEX:SPY but every now and then set targets, to evaluate other things.
Target #1 390 or 390.5-ish, I think it'll just be a bounce, and up towards channel walls,
but first it needs to break this short term Blue trendline .
If trendline and the first target break, then Support of 385 to 380 follows
Best case scenario, 375-ish
This is my...
The arrows indicate every time I read a post or an article saying "Bull market is BACK Baby!!!" For a day trader, bull, bear, or sideways are irrelevant. I forecast and then wait for entries.
Bright Green lines are points where to expect a test-reject or test-retest-breakthrough. When you see the price test a Green line, it's...
I wanted to combine simple technical analysis with tangible real world events.
S/R with some short term targets and a parallel channel, is as basic as chart analysis goes, for me personally it is enough to come to a conclusion and plan the trade.
Recent history (in the crypto market) would suggest there could be trouble ahead for Coinbase. I picked...
I started using Coinbase all the way back in 2013, it was the first crypto exchange that didn't feel like a siren song, and my overall experience with their service has been positive. Going public is the biggest mistake Coinbase could have made (dramatic OMG face thumbnail would go here)!
NASDAQ:COIN business model is simple, they soak customers with fees. And...
Until yesterday I have never heard of SRN (Sirin Labs), but when it made a 1000% in less than a day, it's hard to ignore.
SRN jebaited a pullback on the 17th, could have been a 10% short but it didn't feel right. Obviously some have already told you that they caught the short from that June 17th top and made a sweet +50%, good for them.
SRN is attempting another...