MDA ANALYSIS MDA recently showed signs of life after popping above all major moving averages and hit the hourly resistance at ~9800 sats. At the hourly block, RSI and Stoch both are showing signs of buying exhaustion. Three previous times this has been a point of reversal. I expect another retrace from this current level down to 100 MA at 8800-8500 sats. I...
BCH ANALYSIS BCH has been ranging inside an upward channel for some time. I expect this to be the top, as a bearish divergence had formed on the daily form the past top and this current top. I expect the channel to break down and would recommend a short from this position. Looking for drop back to channel bottom trend at T1 of .03125. The breakdown of the channel...
BSV BSV has pumped significantly topping out at .0200. This coin is known for various pump and dumps shortly after. I expect a retrace back down towards the entry zone at .015. I would not recommend a push to jump into a long right now. Wait for the retrace or short BSV down to the proper levels. If the new entry zone holds strong look for a rise back to a double...
NANO ANALYSIS NANO is another coin which recently hit a new all time low. This looks to be creating a brand new support zone as well, its not confirmed until we see a double bottom. For now, it looks like a daily green wick is holdin, supported by a strong oversold exhaustion by sellers. I expect a short term pump up to the new daily resistance at T1 of 820 sats,...
ARN ANALYSIS ARN has broken into a new historical low following the path of many other alt coins. I do expect a small relief run for alts though, and expect ARN to jump out of this low back up to accumulation zone at T1 of 1750 sats. I also am looking for main rejection at the major 50 & 100 moving averages at T2 of 1940. The main zone to watch though is...
XRP ANALYSIS: XRP broke out of the falling wedge with a massive 15% rise, only to be rejected at the 50 MA. The rejection retrace ALL the way BACK into the wedge. This is not a good sign. If XRP is not able to jump back out and bounce off the 2675 temporary support, then I expect a further fall down to the low end support at 2400 sats. This would be a major...
BQX BQX finally broke out of the falling wedge with MAJOR strength! The volume and push all matched up, and this does not look like a fake out. The current state is heavily oversold on the hourly and showing a bearish divergence on the RSI. I expect a small retrace back down to the 50 MA zone which is prime time to re-enter at 350-400 sats. Upon the retrace, I...
LEND LEND hit the buy in target PERFECTLY! Congrats to those who entered. Both targets were hit and PASSED! LEND hit a high of over 315 sats. I would highly recommend taking profit now, for those who haven’t. Considering the current high volume and oversold levels, I expect a retrace coming back towards new temporary support and previous resistance at 270 sats....
DUSK DUSK has recently failed to break above the 100 MA and hold it, after breaking down DUSK can broken below the 100 and now the 50 MA as well. 5 Red wicks in a row as RSI and Stoch continually fall. I dont see a major breakout now until DUSK hits support back at 495 sats. I would not recommend jumping into DUSK at the moment and rather wait until support is...
BCPT BCPT broke back down into support and is forming a triple bottom here. Its possible we see a wick back down to the low end of 250 sats, which puts our main entry targets at 250-280 sats. From this point, IF triple bottom holds, we can see a potential rise back up to 50 MA at 319 sats. I expect the stronger rejection to be at T2 of the 200 MA at 360 sats....
CND/BTC CND has been on a free fall and broken thru all major MAs (50,100,200). I expect a further drop to come into play but not before a relief rally up to the major 200 MA at 95-100 sats. RSI and STOCH are extremely oversold and looking for a small pump to put them back into a neutral zone. The trend is still bearish so I expect a further drop to continue down...
FET/BTC FET topped out as is recently hit the daily resistance block and 200 MA. There was a strong rejection and the retrace is bringing FET back down towards support. On the bright side, FET is in a falling wedge that SHOULD end right near the support zone. This is prime for a long position entry and push OUTSIDE of the wedge back up towards T1 at 600 sats....
CVC CVC recently pushed open a new bottom, with is not good news. CVC has stalled inside the support zone, but much lower than previous bottom. I expect a relief rally considering RSI and STOCH have pushed into a neutral zone. The relief rally I expect to run up to 50 & 100 MA above 300 sats and possibly 350 sats. This would be a new short term resistance zone,...
MERCURY MER has been in a long period of consolidation and accumulation around 25-35 sats. I expect another touch back into support at/under 30 sats. Following this, or close to, there should be a break out up towards short term resistance at T1 of 38, and T2 of 50. Once MER is able to clear the short term resistance, the growth has the ability to be significant....
BNB BNB has broken thru the positive uptrend and is consistently falling. I would not recommend entering a long position here, next support is located below 16000 sats. Stoch and RSI are pointing towards heavily oversold, therefore, there may be a relief rally incoming. I do not expect it to last long. I do expect support zone to be hit in green not and will look...
XTZ XTZ has had a significant run lately, and is now seeing the retrace. XTZ is currently inside of a small falling wedge and should break out for a relief rally after hitting the yellow temporary support zone. I expect the relief to bring XTZ back close to 21000 sats. From here, I expect another wave down, bringing XTZ all the way down to MAJOR support at 14500...
STRATIS/USD STRATIS has pushed strongly out of the support zone, following BTC path. The green wick on buy volume was significant. Currently the 50 & 100 MA are at a crossroad and touching just barely. Its possible we touch back to 100 MA, but I expect it be a small wick and further push to T1 at the triple green wick touch of $.43. If Stratis does manage to push...
XMR/USD XMR is another pair with USD facing a falling wedge form. XMR recently hit the bottom of the wedge and bounced with a strong green wick in a bullish direction. This was also the touch of the top of a strong support zone. I expect the bounce to continue here to rock outside the wedge and hit T1 at $51. The stoch has already crossed bullish and RSI has...