Self-explanatory. Would not take position prior to confirmation (close below) on 1W. Nonetheless, looks very unlikely this will hold. Act with caution. NFA. P.S.: $4.50 is not a particular target, just the extent of a measured move. Not guaranteeing it goes there, not even implying it goes there. It's a possibility, don't sue me. PPPP
*Not financial advice. Do your own research!* Not writing much here, chart should be somewhat self-explanatory. Currently exiting the least volatile period of LINKUSD (according to 200d bands) with upward trend. Watch for increasing and sustained momentum ahead if this is to play out. The first major decay of this momentum will likely signal the top. + some OBV...
*Not financial advice.* 1W RSI divergence was successful for ENJ: twitter.com as well as KNC (did not publicly call this one) : Let's see if it could work for REN too. I don't have much faith in Ren as a project, but maybe we could see a pattern repeat.
*Not financial advice* I had tweeted out about this setup weeks ago after $ENJ had finally dumped sufficiently following hype from Microsoft's announcement of their pilot with Enjin for "Azure Heroes" NFTs. twitter.com These long term bands are finally compressed quite tightly (relative to the massive expansion for Samsung's announcement last Spring), likely...
*This is not financial advice. Do your own research.* In the matter of a few days, companies showing public interest in NFTs has grown wildly. Microsoft announced Azure Heroes, which actually uses the Enjin blockchain, Nike announced ERC-721 use for tokenizing their sneakers, Binance announced NFT collectibles for the holidays (using 1115, possibly Enjin in the...
Disclaimer: This is a position that I've already entered and am largely in the green on, as shown above. *This is not financial advice. This post is not a recommendation to buy or sell any asset* Over the past few weeks, I've been doing some research into a project I personally find both interesting and promising. Numeraire (NMR) is a token that has largely...
Analysis: -Lots of action in a relatively tight range for several weeks now, roughly the $0.20 - $0.16 region. -Alt run in action -Band hits for default KC 1.25 have been a good indicator for reversal (either way). -Volume lulls frequently lead to high volatility periods, and has shown on this chart. -21w ROC has a well-validated buying level at roughly -65%. -A...
As an update to the post below, this post outlines a trend LINKBTC has respected for almost a year. Bears would like a break down from this support zone entirely, while bulls will want to see a rebound sometime soon, or even a short consolidation period above 23k sats at the minimum. In the bullish case, a bet on macro trend continuation following a 40W mean...
For this analysis, we go back to the basics. Patterns, volume, RSI and trend definition. What to look at here?: -Following a new high for volume and an exit from price compression, a reversion to the 50d mean occurred but was promptly cancelled by bulls. Since then, XRPBTC has trended, even though volume is slowly declining. Either way XRP may go, watch for a...
*Not financial advice* ADA has not rallied nearly as hard as some other alts in this recent pull away from BTC, namely ETH, XRP and LINK. With tight compression on the 50d and maintained expansion coming to an end on the 200d, it's likely that a sharp move happens soon. With volume seeming dormant recently (in relation to former highs), and very similar patterns...
*Not financial advice. Not a recommendation to buy or sell.* Let's flip the perspective on the LINK/BTC chart for a moment. Downwards trend looks likely to continue. Ignore market cap for a second and only examine the trend. Would you short a coin with this chart? A bet on 1yr+ trend continuation? December 2019. In harmony with my speculations for bitcoin. Can...
*Not financial advice* Previous BAT posts below. Nothing much has changed for long term outlook. There does appear to be upside potentially in the near future due to: -ZRX, ETH have already completed their double bottom patterns -BAT AO (momentum) has been diverging for months. -Volume has finally resurfaced from YTD lows. -Currently at historic price range lows...
*Idea only. Not a recommendation to buy or sell* For potential longer term picture, check first idea linked below. Feel free to look at my other posts as well.
Just an idea that may provide further insight for previous post, linked below.
Interesting correlation here between ETHBTC and XRPBTC. This same pattern can be seen on many alts atm, including LINKUSD, and BATBTC. For link specifically, the question is whether there's further gains on the horizon. Refer to my first post shared below for my opinion on LINKBTC. Second post for reliable LINKUSD pitchfork. Third, BATBTC and fourth, my outlook...
*Not financial advice, nor a recommendation to buy or sell. Only an idea.* All in the chart. Make sure to zoom in to see just how similar these patterns are!
*Idea only. Not a recommendation to buy or sell.* For the first time ever, LINK's OBV, the signal I've personally relied on for continued strength over the last year, is showing signs of weakness. Despite selloffs, LINK's OBV would remain almost strictly non-decreasing on the weekly chart. This is proving not to be the case this time around. It should be...