kush23456

kush23456

ALGO has been trading in an ascending broadening wedge pattern since 19th October. In that time it has risen by ~67% and is once again trading above all EMA's. The market is shaky at the moment and any drops in BTC are causing bigger drops in alts, but any increase in BTC is not necessarily increasing alts much. In any case, despite the very recent downward...

kush23456

Since August 2023, NEO has had a strong run, as have many altcoins, growing ~141%. It is now trading above all EMA's and recently rebounded from the 20-day EMA as support. NEO was one of the first 'larger' altcoins to break out of the bearish to bullish phase a few weeks ago. Since then, it has attempted to break the resistance at ~$15 - $15.60, 3-5 times...

kush23456

Recently, I made an analysis on NEAR where it was trading within an ascending channel. It traded inside it for a short amount of time but eventually broke out of that channel and has been trading within the descending channel shown above. I expect that NEAR will continue to trade inside this channel for the short-term but is approaching a short-term support zone...

kush23456 Updated 

NEAR has been trading in this ascending channel since the beginning of August, pretty much like every other altcoin. However, NEAR sometimes detaches from BTC's usual movements so it is one that can make us profit and hold its support when others don't. From a TA perspective this ascending channel has held many times before and held once more today. As long as...

kush23456

Hi all, it has been a short while since I have made a post. I haven't posted much altcoin analysis as sometimes it is better to be silent than to force an analysis where you don't truly believe it is useful or educational. To me, most channel ideas I could see were weak and drops in BTC meant they would be broken easily and indeed, this happened. Instead, I...

kush23456

FTT was trading in a descending channel since its ATH (~86) which it reached in September 2021. Recently, it has broken out of this channel and here we hypothesise an ascending channel. From analysing FTT’s previous pattern where it formed an ascending channel it seems that this could occur once again. This idea is that FTT will continue to trade in this channel...

kush23456

ROSE is currently testing its 100-day EMA and ~0.455 level. It has also been trading within an ascending channel since December 2021 where it gained ~192%. Naturally, since its ATH it has faced a pullback to its 50% fib level. ROSE must now decide whether to fall further toward the 38.2 level, which is a common occurrence when BTC is weak, or it can gain...

kush23456

ADA has been making lower highs since September 2021 which has resulted in a descending channel. The fall was catalysed by the regulatory concerns which resulted in eToro delisting the former top 3 coin. Of course, news and fear strongly affect this infant market, thus the coin fell from its ATH by ~65% (to its recent low). To initiate a trade the supports and...

kush23456

FTM has performed very well since 21st Dec, gaining 155% to date. It is eye-opening when you realise how large the width of these channels are and the benefits of holding a coin for the long-term; especially those with good fundamentals. We can see FTM has long-term support (bottom black line), it is trading above all EMA’s and is currently using the 20-day EMA...

kush23456

1INCH has been trading near its support since December 2021 and looks ready to move up further. Over the past 4 days, it has had a change of trend and began to push toward short-term resistances. For ease, I have marked the daily (long-term) and 4-hour (shorter-term) supports and resistances with % changes. I hope you find this useful whether you are a holder...

kush23456

THETA has been holding its support on the 3D timeframe since February 2021 and even with BTC’s recent downtrend, it has been able to (just about) keep above the ascending support (black line). With BTC finding local support, many alts have begun to push back up into previous channels and I believe THETA may also push toward the upper line in the long-term. I...

kush23456

ALGO has held up fairly well over the past week and is still trading above its long-term ascending support (black line) which it has held since December 2020. It is attempting to break above its short-term resistance at ~1.42 and flip it into support. The areas of resistance are marked on the chart (red lines) and will be potential short-term take-profit...

kush23456

SOL has fantastic fundamentals which is why it grew so rapidly during this current bull cycle. It went on a run from $27 to an ATH of $260 (~867%) in a matter of months. Since then it has retraced by 50% and like many alts has been in a strong downtrend over the past week. I am not making any trading suggestions in this post but simply marking the areas of support...

kush23456 Updated 

OCEAN has been trading within this shallow ascending parallel channel since Oct 2021. With BTC's recent drop, it has begun to trade below its 200 day EMA but there is an opportunity to buy for a short-term ~15% gain or long-term ~45% gain. We can see that OCEAN could bounce from the bottom of the channel but it is worth waiting for an initial green candle (or...

kush23456

My previous idea for LINK proposed that it would rise toward the upper resistance of the channel (see below) and indeed it moved toward it for a good profit. LINK is now facing local resistance at ~27.55 and if we move to the 1h timeframe, we can see it rejected this area multiple times and has made a slightly lower high. Depending on your risk appetite...

kush23456

In my previous analysis (below), I showed how ALICE has been trading above long-term support since March 2021. Despite the brutal drops in BTC’s price, ALICE is still trading above its long-term support, but for how much longer? The updated idea shows the key local support ranges as we approach the long-term support; they are approx every ~$0.50. There has...

kush23456

AVAX has been trading within an ascending channel since August 2021 finding support multiple times and keeping above its 100/200 day EMA's. As BTC’s ~45.6k support broke yesterday evening, many alts have faced a pullback. However, most are still trading near the bottom of their long-term channels and have found some level of support despite BTC’s drop to ~42.5k....

kush23456

Like many alts, VET has faced a strong pullback from its ATH in April dropping by >70% (never buy at an ATH). Since then, it has been trading within this weak triangle on the 4-day timeframe. VET seems to have found shallow ascending support along the black line and could make its way toward the upper resistance over the next few weeks. The support looks strong...