evasivesteering

evasivesteering Updated 

Altcoins had made a good recovery since the begining of this year. However, after touching the resistance of the current descending channel in mid April, altcoins have continued to correct. This correction was also confirmed with the rejection of CMF volume indicator by its trendline. This week, the MA200D was broken down. This means that bears are controlling...

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PEPE has lost 80% of value since being listed. Today, with the rise of BTC, PEPE is at the breaking point to escape the descending broadening wedge pattern. On 12TF, the volume indicators CMF and MFI had already broken their trendlines. This implies that buy pressure has increase slowly and possibly the local bottom is set. A trade setup is as in chart with...

evasivesteering Updated 

Hi all, In accordance with my previous mid-term analysis for BTC (see link below), here is what I'm think about BTC's moves the next days to come. It's just a possible scenario (among others) where BTC is forming an distribution pattern following wyckoff method. But I have a preference for this one. What do you think about it? All the best!

evasivesteering Updated 

MANA/BTC pair has been in a descending channel since Nov 2021. Prices are touching the support trendline and are also at the historical ATL for the third time. Two previous times when being at ATL, MANA had made 100% and 700%. What will happen the next day/weeks to come? Any catalyst to push the pair up?

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TOMO is among the cryptos that has performed very well this year, with 600% up. The trendline (in 1D TF) since March 2023 still holds. However, TOMO has shown some signs of weakness when its price has been rejected by the local high around $1.7 I see that a distribution (following Wyckoff method) is possible on going. As a reason, a proposed set-up is as in...

evasivesteering

Let's make it simple: the total market cap is still in a big range since May 2022. The range's low was marked in December 2022. The range high has been confirmed recently in April 2023, almost a year after the whole market entered in this darvas box (May 2022). This week, the mid-range (Fib 0.5) was revisited. This level is also where the MA200D is found....

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AGIX has bounced 45% since the begining of May but it is stuck under resistances: EMA 50D, Fib 0.238 and the upper trendline of a falling wedge. For this reason, a Short set-up is proposed in chart.

evasivesteering Updated 

IMX has formed a Wyckoff Distribution Schematic 2. It is likely that the phase E (leaving the distribution area) is happening. Actually, IMX price has been in a falling wedge since the local high (around $1.6 in mid March). It's an organic sell. Currently, prices are consolidating below the MA200D which is superimposed with the Fib 0.5 and also right below the...

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MASK has been bounced from the trendline support (starting from the beginning of 2023). 7 It is now breaking the local trendline and would speed up if BTC would bounces from the CME gap ($26500). A referenced set-up is in chart with SL (red line) and final TP (blue line). Fibonacci levels would be used as intermediate TPs.

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I'm Long on KAVA here. Although prices are under the trendline resistance, huge buying volume are saying something. It seems like people have been accumulating KAVA. Actually, mainnet launch is imminent. A referenced set-up is in chart with TPs (in blue) and SL (in red).

evasivesteering Updated 

Since the beginning of this year 2023, BTC has been outperforming the rest of crypto market (in average). Last week, we saw that BTC has really accelerated and left alcoins behind. Is this trend continue? When will be the turn of alcoins? Today, we can see that some big cap alcoins like XRP, ADA (and even ETH) has started to pump and outperformed BTC. Is it a...

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OP prices are right above the long-term trendline. The price action is quite interesting with a possible accumulation pattern following wyckoff method. Proposed targets (blue lines) and stop-loss (red line) are in chart.

evasivesteering Updated 

Prices are at strong support: The trendline support and the Fib. 0.5. With CPI news, APT is bouncing with the whole market. A referenced setup is as below: TP: $9.8 and $13 SL: below $7.6

evasivesteering Updated 

BTC has been in a sideways mode for 48 days. During the last two consolidations, it took almost 60 days each time (nov 2022-jan 2023 and jan 2023-march 2023) for BTC to escape the previous ranges. The on-going consolidation would end soon? What will be the next direction? These are still big questions that everyone asks. In my opinion, we should be more...

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SUSHI has been consolidating for 10 months, quite a long period for a crypto. It seems that this is an accumulation process following Wyckoff method. CMF values are also in a triangle. Break-out would accelerate prices to upper side. In my opinion, we can DCA here to around $0.95 and hold for few weeks (or months if needed), waiting to sell at the upper...

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FET, an AI crypto, has been consolidating in a bull flag for 3 months. At this moment, its price are right above the lower trendline, above the weekly resistance and the Fib 0.236: a good confluence . I'm long here. Once the flag is broken, the next Fib. 0 would be the final target. On 1W time-frame, here below is my view:

evasivesteering Updated 

As commented in my previous post (see the link below), I'm long WOO at this price. A referenced set-up is as below: Target = $0.44 SL i= $0.24 (below the EMA 50D)

evasivesteering Updated 

Hi all, BTC lost 10% last week. Based on technical analysis, I'll try to explain what happened, where the prices are as well as what may come the next weeks. Firstly, the pullback of 10% was caused by the rejection when BTC touched the wickless weekly trendline. This trendline, a key level, was lost around 1 year ago (in May 2022). Now, BTC is trying to conquer...