BCH has moved in a descendant channel for more than 3 weeks. It broke now this channel and ready to go upward. The RSI broke also its trendline. In 1D TF, we can see a bullish divergence (see screenshot below) which reinforce the (short-term) reversal.
DYDX is breaking its trendline. We need to wait for 4H candle close (above the trendline) to confirm and open a Long position.
KNC lost its wickless weekly trendline last week. It seems retesting the trendline. Because BTC shows some sign of weakness (after bouncing hard from $17Ks): it seems to form a double top and to revisit $17500. I think that we can short KNC from now (possibly DCA up to the trendline level). 20 minutes ago.
APE is always a highly volatile crypto. I think that it is at its breaking point. Continue to go up (B) or being rejected by supply zone and breakdown the trendline (A). Let's wait some more hours to see better before enter, in my opinion.
IOTX had increased almost 40% since its fall (along with BTC) on 13th June. It has shown some signs of weakness, mainly the decreasing volumn as price rises. On 4H TF, its has broken the trendline. The so did the RSI. Retest of trendline is possible before going down again. As usual, some proposed resistance and targets are in chart.
KAVA lost its trendlines for both price and RSI. It'll continue to fall after retesting the trendlines, very likely.
COTI formed a diamond bottom pattern. The diamond was broken and retested (by the upper side). COTI is now moving up. Some support and proposed targets are in chart.
BCH breaking out its trendline and promises a rally. Breakout is confirmed with a 4H candle closing above the trendline.
After having lost 95% of value since the top, ONE has grabbed for liquidity (in yellow area) and is moving up. We hope that this week is the first green candle after 11 red ones in a row. Moreover a medium bullish divergence is detected (on 6H TF) and is a good sign of a minor reversal.
GMT is breaking its trendline and also the neckline of the cup & handle pattern. If breakout confirmed (with a 4H candle' close above the trendline), the proposed targets are in chart.
BTC broke out the triangle and is going to revisit the privious resistances: MA 200W and the weekly trendline. I think that when BTC touches again (discontinued) weekly trendline (around $33500), if being rejected, it will fall again to the see the lower weekly trenline (around $17500).
I would like to update this trade (see link below for the previous analysis). HNT formed an Eve & Adam pattern on 12H TF (or Cup & Handle pattern). Since the bottom, it rallied 70% trying to break the necklines serveral times and being rejected everytime. However, it doesn't seem to give up. HNT needs a 12H candle closing above $11.8 to breakout the neckline....
BNX is also a high volatile crypto, recently. Its moves (up and down) are quite periodic. In my opinion, now it is looking for liquidity to pump again. The liquidity is around $25-$26. When being at this level, it is very likely that a hidden bullish divergence would be seen. As a result, I expect a strong bounce of BNX the next days. Invalidity when there is a...
Metaverse coins are among the best performing cryptos today. GALA will follow SAND, MANA, ENJ... It's breaking the trendline.
KNC lost its wickless weekly trendline last week. It seems retesting the trendline. Because BTC shows some sign of weakness (after bouncing hard from $17Ks), I think that we can short KNC from now (possibly DCA up to the trendline level).
ZIL lost its wickless weekly trendline and retested this level. Being rejected, along with the weakness of BTC, ZIL will go down the next days.
JASMY broke the trenline (4H TF) and seems going back to the previous track (see my previous post in the link below)
SHIB had a good performance in the last 24H. A bullish pennant is being broken out. Also the RSI' trendline will be broken. Long is entered with confirmation of a 1H-candle closing above the upper edge of the triangle.