Using the CPR tool, sometimes give you another perspective.
We have the yellow area for strong support and the RED for monthly resistance while GREEN is monthly support
> Note: BTC dominance is on the rise and the question is how much?
The ALTS seems to have hit a major resistance level, meanwhile BTC is ralling up to another resistance level while the...
This is a continuation of the previous post, link below.
Just refined my targets and focus, fib levels, etc.
Still HODL'ing long (but trading it to gain more ETH or BTC)
FYI from time to time ETH is either more than 1/2 of my portfolio at any one time, ever since I acknowledged and made the posting about it.
(refer to the below links for the history and...
Another ALT lurking near key area.
> Like to see it break this key level as its already broke 1 of 2, the other being the lead in slope trend-line.
> Its had a nice upward trend line so far.
> If it breaks, I will look for a bullish candle of sort, either on the 8, 12, or daily.
> Use the daily 21 EMA for a strategy
> Depending how it breaks...
Another ALT coin, Harmony is looking good on the daily.
It has the following for a good case:
> Bullish Daily candle
> Convergence with the MACD
> Fib level area having confluence with the previous resistance and now likely support
> 21 EMA on the daily with the uptrend.
> Two indicators give support for a likely upward pressure
A continuation from the previous post, link below;
While BTC goes sideways, expect some ALTS to make their move, anther ALT pumb.
No time for words as this will likely move quick.
KAVA has a nice macro uptrend
> It broke the channel
> Its facing a key resistance
> Off the fib level of 0.382
> 21 EMA on the Daily
> Daily RSI holding as well as the...
VET is about to break a key level which will give it a clear path for more upward gains.
The chart shows the squeeze for a likeley upward trend that's taken some time to build, very much like BTC.
I would think in a similar fashion, it will do some good moves up.
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Close up 1 hourly...
> Looking at the structure, it makes plenty of sense that we have likely hit the top on this impulse being point 5
> The indicators on the Daily show a bearish divergence and the chart below showing the downward pressure
> Target 1 equates to the height of the Triangle
> We have had an upward parallel channel with a upward wedge on the last...
(ref > A.Charts)
COSMOS (ATOM.BTC) is looking easier than most charts to read and hence an opportunity.
I have 2 possible scenarios\entrance points but for now, its heading down with clear downward pressure (based on a 2 Daily chart and its indicators).
The chart basically demonstrates that its looking for the bottom, either double bottom or the bottom...
(ref > A.Charts)
Kava (Defi) gave a good run and its wise to look for it again.
I have 2 possible entrance points but for now, its heading down with clear downward pressure (based on a number of indicators) including the daily candle sticks.
Anyway, we have the option at 0.618 fib retracement equaling the bottom of the channel or much lower where we the...
I had this chart and 1 other indicating that the rejected level would be as it did today as it had many reasons to justifying it.
(Note I moved the shadow to the right of the price action in order to give visibility to the chart otherwise the shadow would be directly over it)
How much it would drop, I did not go into detail except the fractal and...
Looking at the weekly chart, we can observe the following:
a) Strong resistance level (refer to red markings) = $360
b) If it we breaks this, more so when we break it, then based on the inverted BARR strategy, we have $800 to $940 (over performance) range as the macro target.
$500 will be another interim resistance.
We need to see this...
My thoughts on Tezos against BTC:
> Price is below the 10 to 100 EMA on the Daily price action and these ema ribbons have confluence headed towards the current 0.5 or 0.382 Fib retracement level as per chart, which is equivalent to the red min line of the Fan pattern, which at times can be a reversal pattern or bullish pattern.
> Note the points of...
My thoughts on LINK both USDT and BTC pairing.
My thoughts are:
> LINK.USDT < based on the below chart, on the right plain
Based on my chart, we have a typical channel bull flag, as per chart and its found the fib. level 0.5 a area of demand and the 0.382 as support
On the daily, and longer time...
(for my ref: D.charts)
Zilliqa has done well so far this year as its propelled ahead as a Defi Leader as the chart suggests.
Looking at the Macro level we see a strong uptrend and a pullback which looks like a nice shape, organised.
If you ignore the black swan effect, one can assume this could have been a nice rounded bottom.
Area of interest is this...
Waiting 1/2 a day to see what comes up and hence publishing 1 of those many opportunities.
On the 8 HRLY, XMR having a nice upward trend, aligned with the previous resistance and fib level for a nice entry setup and now waiting on a bullish candle, it ticking all the boxes.
Just the last bit needs to complete.
Simply looking at 2 scenario's with unlikely 3rd going to retest 10450 for the 2nd time.
Looking for either retest to the same high, making a double top or as per chart - 2 paths.
Tomorrow I'll post my macro thoughts and a few scenarios.
The above the weekly chart has a wedge (potential breakout) formation. Below has some additional details.
BNB has some positive news where Binance CEO CZ hinted that the exchange will be launching a DeFi-related IEO.
Rumors from Binance CEO CZ about an upcoming DeFi involvement send BNB upwards and maybe break this resistance.
As long as Bitcoin...
Some thoughts around ADA in the short term. All Bullish.
If we look at the ADA.USDT chart, we can observe below why it made a break out.
Note the following:
> fib level and how the EMA ribbon has confluence for the 8 HRLY and the candle sticks.
> the next level is a strong resistance with a no. of rejections at this level. But eventually it will break....