thecryptochart

thecryptochart Updated 

Crypto - Monero - XMR We have a few indicators pointing in the same direction right now. The morning star reversal is a bullish candle. There are 3 bullish divergences with price and RSI. STO is low so price is ready for a bounce. And we have just gone oversold for the first time since November 22. Feels like time for a bounce to me. Time to get Long. Price...

thecryptochart Updated 

Inverse head and shoulders appearing on the Solana chart so it is time to buy. SOL is the talk of the town right now but that is another story. What is the chart saying? Clear inverse head and shoulders pattern which is a reversal pattern. We are in a downtrend so the only way is up, baby, for you and me now. There is a key price level at 23. And based on the...

thecryptochart

Looking at Crypto. There is a nice ascending triangle forming in Enjin against USDT. With a price of 0.30 as entry and target 1 as 0.38 it would be a nice little 26% pickup with no leverage people. I would put a stop around that 0.2790 level In this market you need to minimise your downside Price = 0.3066 Target = 0.38 then re-evaluate based on RSI when you...

thecryptochart

Matic is setting a new recent high that was confirmed by RSI. It has just formed a nice bull flag. Stochastic appears to be turning up. All good news. Time to ride the trend with a short stop. RSI for high was 70 so new high for RSI . Slow STO is 53 so it has bottomed out above 50 which is a strong signal. Volume was 14M on recent high and 4M on previous...

thecryptochart

Shares ASX - Paladin. Paladin appears to be bottoming out. Possible double bottom. So we have a reversal pattern as a starting point. We then started forming an ascending triangle with resistance at 0.66. RSI on the triangle is stronger suggesting the triangle should breakout to the upside. We have a dragonfly doji recently also suggesting bullish price...

thecryptochart

I see a Wyckoff accumulation where the spring has just formed. It takes out the previous low in a swing failure pattern. When the peeps that were stopped out fomo back in we run up quickly. There is also a spinning top reversal on the spring supporting the Wyckoff theory. Love complimentary signals. For higher probability trade wait for SOS to form. Volume is...

thecryptochart

Crypto - Dogecoin - Doge has just completed a descending wedge. It has broken out. And now it has consolidated. Should be a solid entry point. RSI is higher on the consolidation showing buying strength. STO is low and ready for a jump. Volume was high on the breakout candle. The target based on the descending wedge is 0.11. Time to buy. Volume was strong on...

thecryptochart

ETH Bearish Divergence leading into shanghai fork. Eth is setting new highs on lower RSI. This is creating the bearish divergences. The stochastic is high so ready for a fall in price. Volume is low on the new highs as well demonstrating more weakness. Fundamentals. When the shanghai fork goes live on 12 April ETH 2.0 stakers will be able to sell for the first...

thecryptochart

Crypto - Doge against USDT. Wyckoff Pattern. SOS. Doge appears to be accumulating. We have passed the spring and are completing the the sign of strength. The spring is the lowest point in the pattern and the SOS is usually the best entry point. Price is currently 0.08 Volume is very low which is normal for a sign of strength. STOCHASTIC is 46 and has just...

thecryptochart

ASX 200 - Westpac descending triangle breakout. High probably pattern. Target is set at 21.60. STO is low so entry price between 22.60 and 22.90. Expect levels around the 20.60 level as a take profit. Volume: pretty low showing lack of support. RSI: The new low has been confirmed by a new RSI low of 34. STO: STO is low so it may be possible to enter a little...

thecryptochart

Henry Hub Natural Gas So we have a possible double bottom forming on natural gas. If price fell 8c more on the last low we would have a bullish divergence now. Throw in a spinning top reversal on the 2nd bottom, STO primed for an increase, weak volume and stronger RSI all things point to the sky. RSI: Relative Strength is 37 on the second low versus 25 on the...

thecryptochart

Netflix has a rising wedge that looks pretty much complete. We are at the high side of the pattern. STO is high so lots of room to fall. 5 bearish divergences showing the new highs are weak. Worth a short position. Volume is insignificant compared to the volume spike on the first high. RSI is 64 and is weaker on each new high. Buyers are running out of steam....

thecryptochart

Commodities - Crude Oil. We have a nice accumulation pattern. We have just formed a double bottom with a nice bullish divergence. RSI is lower so selling strength is weakening. As per my bio I like it when technicals and fundamentals align. Both China and the US have emptied their Strategic Petroleum Reserves. They need to refill them. China will reopen at...

thecryptochart

#crvusdt Curve Finance is one of my favourite Defi coins. it looks like the big picture trend is changing from downtrend to uptrend. This is higher probability trading as the underlying platform is solid and the technical is lining up. If not for the red volume candles this would be a lock. But still definitely worth a shot. Target 1 is 1.8 but there is a lot...

thecryptochart

CRYPTO #ETH. Ethereum is looking weak right now. With low volume, low RSI and high STO it all paints a picture of getting rejected from the downtrend channel and continuing down. RSI looks weak Volume is low. Trend is your fren if you are shorting Target 1100. Stop 1770. Price 1650.

thecryptochart

Tron is creating a nice ascending triangle and has performed as expected from them previously. The most likely outcome is a breakout to the upside. The target is a nice 22% to start with so a high probability play with a nice return. STO is at a low so it is time to pump. RSI has doubled from 23 to 46 showing selling strength is weakening. Volume is falling...

thecryptochart

#crypto #BNBUSD Support resistance flip of the upper downtrend channel. Finding support on this channel is a very strong signal. High probability trade with a stop below the channel. We had a tweezer bottom reversal on 19 June to make the trend our friend again. Volume. Large green volume candles are dominating. RSI is higher on each new low so sellers are...

thecryptochart

#commodities - Crude Oil Futures - Swing failure pattern has knocked out all the longs from the previous low. Relative strength is higher on new lows so sellers are losing strength. STO is primed for a pump. The SFP means price action can be exponential when stopped out longs FOMO back in. RSI Climbed from 34 to 40 on new low. Buyers taking over. STO...