evasivesteering

evasivesteering Updated 

As in my previous analysis in the end of September (see the link below), I pointed out that AVAX would need to go $15 prices for liquidity grab. It was the case and now AVAX is moving up with good momentum. The prices are now above the strong resistance, EMA 50D with supporting volume indicators: MFI breaks its trendline (leading indicators) OBV is about...

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Monero, created in 2014, offers a decentralized and anonymous transaction system. Operating in Proof of Work, Monero was a fork of BTC. The promise of the Monero blockchain is to provide an untraceable means of transaction and to guarantee user privacy. Prices broke the bullish flag with supporting volume indicators: MFI broke its trendline (accumulation in...

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Elon Musk bought Tweeter and every one is fomo on DOGE. Will DOGE be a crypto of Tweeter? The answer is unknown today but every one is guessing and fomo. DOGE is right below a strong resistance (formed by a trendline and supply area) but it is likely that the break-out is immiment. In this case, DOGE would make 50% more in a few weeks.

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I think that it is possible to reactive ADA short. The details for ADA's analysis are in my previous post (see link below). ADA retested the previous support (now a resistance) and fails. So we we can have a set-up with good R:R, as in chart.

evasivesteering Updated 

Biggest tech companies are falling and having impact to all markets. After leading the mini rally of this week, now ETH is at good position for a short.

evasivesteering Updated 

UNFI did not succeed to go up as in the previous analysis. In fact, when looking at the price action from May, one can see that the trendline was broken and retested. Now the prices are rejected by the trendline and continue to the downside. MFI broke, retested its ascending trendline and then was rejected. This implies that the flow of money is out. The...

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BNX has been moving in an ascending channel. Today, it seems to breakout and go back to demand area (grey zone). We can observe that the money flow is out with MFI and OBV indicators: buyers are vanishing.

evasivesteering Updated 

VET prices is now close to the ATL and just touched the demand area. CMF is increasing and about to cross zero from negative values. This means that buy pressure is coming back. Fundamental news also supports the prices to go up: VeChain is expanding in Europe by recruiting more than 100 developers. Let's be patient and wait for VET to take off.

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EGLD is among the top 50 biggest cryptos, using "Sharding" protocol for rapide validation of transaction at a lower cost. Yesterday, it broke its trendline, starting from mid May, with good confluence of volume indicators. Breaking volume is two time bigger than the average. OBV broke its trendline and reverses. MFI broke also its trendline and...

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SUSHI broke the trendline and retested it (in 2D TF). Now it seems to steadily go up despite the fluctuation of BTC. Volume indicators are also positive: MFI and OBV broke also their trendlines.

evasivesteering Updated 

ETH has fallen after the Merge. We can see that the bearish flag was broken down, in 1D TF. RSI's trendline was also broken which increases the probability that prices will continue the down direction. In 1W TF, the previous support (now becoming the new resistance) was lost. Logicaly, ETH would revisit the currect support where I put the final target for this...

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ATOM is the best large cap crypto which outperformed almost other ones since mid June. However, the hype was not maintained, as with other cryptos in this bear market. In 2D TF, the prices had broken the ascending channel and already lost 10% from the breaking point. Volume indicators MFI and OBV had also broken their trendlines. Moreover, CMF crossed "0" with...

evasivesteering Updated 

ADA has been struggling to hold the long-term support (since 2018) at around $0.4. However, it can be seen that a bearish flag is formed. In 2D TF, the flag was broken down. Volume indicators propose that prices will continue to go down. It can be also seen that the 2018 support was broken with medium volume. If market sentiment is not good the next days,...

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APE was a highly volatile crypto. My previous experience with APE told me that it is not an easy crypto to trade. The hype was no longer with APE and it is slowly going down. In 2D TF, we can see that a H&S pattern was formed. The prices broke the neckline and so did the RSI. The proposed TPs (blue) and SL (red) are depicted in chart. The final target (if...

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Filecoin is a decentralized storage network. Its goal is to transform cloud storage into an algorithmic market ("distributed cloud network"), entirely governed by its users. Their idea is that miners can rent their unused storage and receive FIL, Filcoin's native cryptocurrency, in return. After doing a pullback of 100% in just some days at the end of July, FIL...

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AXS is one of the first and the biggest play-to-earn cryptos. Will it come back to where it'd started its rally last year to made x30 times in just a few months? AXS is loosing its long-term weekly trendline. Although we will need some days to confirm this break-down but we can short AXS here because in 2D TF, AXS's already broken the local trendline....

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Hi all, MATIC has been moving in a bearish flag, in 2D TF. It seems that MATIC will break down soon. MFI touched the resitance and was rejected. When it breaks the lower support, we expect a sell off. CMF value is negative, i.e selling pressure increases. These indicator say that buyers are the less and less interested in MATIC. Cheers!

evasivesteering Updated 

Hi all, I have been trying to find a scenario that would answer to the question spinning in my head. Let me explain it. BTC lost the "Weekly trendline 1" and I suppose that the prices need to touch the next lower one, the "Weekly Trendline 0", at some time. This has not happened yet. My question is "how and when"? I'm still thinking that we are in...