Hi all, this is a minimalist chart using only basic indicators.
Let me explain why I'm bearish:
- Global context:
There is no reason to remain bullish for the upcoming months, the global political and financial states keep on showing weaknesses and bearish tendances. War, inflation, COVID... I don't see any macro positive point.
The current situation in Ukraine...
Hi all, in my opinion this is what can happen on LTC/USDT pair if BTC doesn't break 42k resistance.
We've been in a downtrend channel for quite some time now. A massive dump on BTC after 42k rejection could lead us under 90$ for LTC in the next days.
Everything else is on the chart.
Scenario will be invalidated if we break above 130ish area and stay above.
This is what I believe can happen on LITUSDT 4h timeframe.
This is why I'm bullish:
- We're reaching the end of a falling wedge
- RSI is bullish and shows bullish uptrend
- MACD is above the signal line and shows bullish uptrend being consolidated
Very simple chart but for me, the most probable scenario. Only if BTC remains bullish or keeps on ranging...
I want to share this new idea about BTC.
It has been strong lately and went from 40k to 60k in 2 weeks.
Even though the overall market seems to be super bullish for the next few weeks (so am I), I still believe we need to do a last correction before going to a new ATH.
Volume is not that high and even keeps on lowering, yet the price increase... This...
- RSI bearish divergence
- MACD crossing signal line
- END of ascending wedge...
We can expect a dump to 48k-50k zone, which would be around EMA200 0.382 and 0.5 fibonaccis.
Then it will probably go up from there! to previous ath!
This is not an investment advice, do your own research.
Good luck everyone!
Here is Shiba on 4h timeframe.
I truly believe the sell will be strong here, especially after breaking this yellow trendline.
RSI is showing a bearish divergence and MACD is crossing the signal line.
Up to 40% profit for a TP around 0.618 fib in my opinion.
This is not an investment advice, just sharing my thoughts.
Good luck everyone!
CFX reminds me Matic back in 2019-2020 with this "wtf chart" with non-sense pumps.
Recent NFT partnership with McDonald's in China and the recent pump to $0.80 cents make me think it can rally once again, and probably even higher.
RSI and MACD getting bullish on daily timeframe. Bollinger's band are showing a movement happening very soon. Volume is also...
PONDUSDT is doing a great symmetrical triangle on both Daily/Weekly timeframes.
RSI is doing a huge bullish divergence since May (!) and MACD is showing some bullish signs, trading above the signal line for the past couple of days.
POND made a great pump one month ago with a great volume spike as you can see on the chart, then it went back into the...
A bit of introduction for "PERL" project:
"One of the initiatives at PERL.eco is to integrate carbon credits with blockchain. The goal is to create an impact-driven ecosystem by tokenising real-world ecological assets. With carbon credits linked to the PERL tokens, we are creating a new class of digital assets that have real value and is scalable. As...
It's been a while since my last post.
Here is my new analysis on LITUSDT until the end of 2021.
In my opinion, LIT is forming an interesting BAT bearish pattern on both daily/weekly timeframes.
We would be entering the last leg (C to D on chart) with a trendline to break to validate this analysis (yellow trendline).
Fibonacci levels show interesting...
I think it's time to short this again. Too many people still bullish on this one...
If we break this ascending channel we might quickly drop to $17-18 (green rectangle area) and maybe even lower.
Watchout for BTC movement aswell.
Not a financial advice, DYOR :))
Good luck all!
I think it's time to short AXS
Huge RSI divergence on 4H timeframe + end of ascending wedge
First support is around $14-15 on Fibo 0.236
Not a financial advise, do your own research
Good luck everyone :)
LIT has been struggling for a good month now since that huge flashcrash 18th of April on all altcoins.
As you can see nevertheless, it stayed in that long accumulation area since its listing on Binance.
Even though volume is still low, I'm still strongly bullish on it for the next few weeks.
You can also notice a strong falling wedge on daily timeframe...
Today I'd like to offer a different view with a comparison of two charts.
I find it interesting to compare both Venus (XVS) and Litentry (LIT) after their listing on Binance.
In my opinion, they formed the same pennant triangle with both a nice W pattern inside on daily timeframes.
Both ranged after their Binance listing for several months and as you can...
Hi all, everything is on the chart :)
MACD and RSI both oversold and in down trends for a while now.
We might see a rebounce soon as we formed a nice descending channel.
If we reach 0.618 fib retracement we can expect a nice 200% gain from its current price.
This is not an investment advice, DYOR
Good luck all!
LIT is bullish short, middle and long terms.
Here on 4H TF we can clearly see a falling wedge being formed.
RSI and MACD both bullish we Bollinger band's showing a reversal.
Easy 50% to take in the next few days in my opinion.
Refer to my previous LIT chart.
This is not a financial advice, DYOR.
Good luck everyone!
Everything is on the chart.
Pennant triangle formed on daily TF with huge downtrend for the last couple of days.
If it bounces back on that trend and if it breaks that triangle by the top, we can expect it to go higher, between 12 and 15 USD.
This is not an investment advice, DYOR.
For those who were in MATIC recently you noticed how unlucky we were as everytime we were about to break the triangle, BTC dumped at the same time.
After two massive corrections (Sunday morning and yesterday), I believe we reached a good entry point on most alts.
If BTC holds 48k support then this is what I expect from MATIC in the next two days.