The DOTUSD daily chart could get even more bullish if we break the 0.5 fib level as mentioned in previous ideas. Polkadot DOT is about to complete important milestones by the end of this year and provide additional integration functionality to other existing blockchains. Its price action is looking good provided be get about the 0.5 fib level. We need to check the...
The BTCUSD weekly chart is looking in corrective mode in the short term price action. We might retest 12K USD and continue the uptrend at the beginning of 2021. In order to be short term bullish in BTC, the BTCUSD price action needs to beak the 14K USD strong resistance in green. However, in the long term, BTC is still looking bullish as mentioned in previous...
The weekly ADAUSD chart still showing bullish signs of continuing the uptrend, provided we remain above the 0.1 dollar mark. Cardano ADA progress on the Goguen roadmap details is about to be announced at the end of October 2020. Once the Goguen era starts with the smart contract implementation, this might impact a great deal the price action of ADA. In the...
XRP is still respecting the ascending channel in the monthly XRPUSD chart as described in previous ideas. Ripple XRP fundamentals are still the same and November and December 2020 as well as 2021 might mean good opportunities approaching to the XRP ecosystem, as well as events such as Ripple moving to The UK if not regulated in the US soon, flare blockchain, among...
The Cardano ADAUSD Weekly chart is looking bullish one more time. It has bounced from the 21 weekly MA and it has also respected the 0.1 dollars mark support as mentioned in one of my previous ideas. At the moment, the Cardano ADA chart is looking bullish. It is likely to retest the 0.17 dollars resistance, however, we might go sideways for a few days before...
The 0.61 Fib level is still showing good level of support for the Polkadot DOTUSD daily chart price action. Provided we stay above this level, the DOTUSD price action remains bullish. If this drops below this level of support we could revisit the 3$ mark but this looks unlikely so far in terms of probabilities. If bouncing from this level, around 3.80$, that...
No need to worry, we are still on track on the BTCUSD monthly price action, still respecting the long and strong support (purple line in the chart) from the inception of BTC price action and its strong fundamentals during the last 11 years (as shown in my previous ideas). Other top cryptos such as Cardano ADA, ChainLink LINK, Polkadot DOT, Ripple XRP, among other...
Do not panic when looking at the BTCUSD weekly chart today. No financial advice, but I personally think that there is only one way to go from now on, and that is up. We are now retesting the yearly purple line support and the price action might continue going up from this point, as shown in the BTCUSD weekly chart. This line has been shown in previous ideas I have...
In the 4 hours DOTUSD chart, Polkadot is finally retesting the 0.618 fibonacci level, showing signs of recovery so far in the last few hours. It could retest this fibonacci level (0.618) one more time or continue going up from here. The fundamentals of Polkadot are very strong and the 4 hours DOTUSD chart is showing a bullish trend so far.
BTC is looking bullish one more time in the BTCUSD weekly chart. It is now retesting the purple ascending channel which has been respected by the BTC price action for years so far. Also, the RSI is again in bullish territory as in 2016 and 2017 (above the yellow line in the RSI chart). I have shown this channel in purple in previous ideas and I am happy to see how...
This is a crypto oracle project with good potential. The DIA/USDT hourly chart is forming a bottom pattern for this oracle project which has recently released the DIA tokens. The chart is showing at the moment a bullish pattern when studying the related RSI. It could retest the $2 dollar level but it is also likely to respect the ascending white trend line drawn...
The 2.5 years long descending triangle is about to breakout on the XRPUSD monthly chart. Also, the monthly MACD exponential averages are currently crossing, signalling a bullish pattern. There are two possibilities, get a correction to $0.20 - $0.25 within the descending triangle and continue going up (to breakout later on) or breakout now the descending triangle,...
Cardano ADAUSD could continue going up as it can be seen in the ADAUSD Weekly Chart, after breaking the strong resistance at $0.1, now this level will work as support, we might retest this support or continue going up considering a small consolidation till we touch the uptrend (green uptrend line).
The XRP USD MACD Monthly Chart is looking quite bullish as we might be approaching the crossing of the long-term exponential moving averages.
In the LINK/USD weekly chart we can see that ChainLink is about to break the resistance at the 5$ price level (yellow line). If this is not the case, it might reverse down to the 3$ level (support line) and retest the 5$ level one more time in a few weeks. In the worst case scenario, ChainLink might retest the 1.7$ level (strong support line in yellow) but this...
A strong bullish divergence has been formed in the weekly XRP/BTC chart (see green lines in the RSI and latest price action (last few months). We might be very close to a reversal in the weekly. It might be possible to test 1950 sats but unlikely to be below this price level.
The XRPUSD monthly chart has formed a long descending wedge in the last 2 years since January 2018 (yellow lines). It is likely that this descending wedge is broken in the following weeks and get a reversal in the XRP price action.
In the last few weeks, we can see that the daily XRPUSD chart is forming a bullish divergence when comparing the daily RSI and the XRP price action (yellow lines). It is expected (with a 60% of probability) to be closed to a reversal in the XRP price in the following weeks.