zac_destroys_all

zac_destroys_all Updated 

ADA is running again, it's been a crazy couple of days. A couple weeks ago I pointed out this ascending triangle pattern, the measured move is aiming for 1.96 USD. Equally as important to me is that ADA has broken out of it's descending trendline resistance against BTC. I expect ADA will over take it's recent high vs. BTC in the coming weeks as well.

zac_destroys_all Updated 

Amazon stock has largely been trading sideways for the better part of 5 months, I've noticed this symmetrical triangle pattern which failed to break to the upside on February 2and. On February 25th a daily candle closed below the trendline support of this triangle. After a fall down to 2878 AMZN will likely look to retest this trendline as resistance. If we...

zac_destroys_all

IVR has been beaten down due to it's performance during the pandemic and may never see it's old all time high again. It's not all bad news however as the stock has run up quite a bit since falling and has formed a symmetrical triangle. This symmetrical triangle has broken out to the upside recently. My price target for this formation is 5.10USD. The measured move...

zac_destroys_all

ADA has been consolidating since the beginning of march after hitting heavy resistance at 1.50USD, and has begin to start trading in a ascending triangle formation. This is a wide formation that could conclude as late as june, however that is unlikely because crypto markets hardly stay still for long. We could see 1 or 2 more retests of the highs at 1.50USD before...

zac_destroys_all Updated 

Lots of people have been frustrated with ADA's inability to break heavy resistance at 1.50. Lots people are learning the hard way that markets ebb as much as they flow. However the big picture here is still very much bullish. The big picture for ADA even looks bullish VS. BTC. A symmetrical triangle pattern has been developing over these last couple of weeks on...

zac_destroys_all Updated 

A lot of people have began to lose hope after ADA failed to hold the all time high and created a double top. These past few days I have not seen any bullish price action from this coin. However Things might be about to change in the technicals. ADA appears to be creating a possible inverse head and shoulders pattern after a weak rally off of 1.08USD and a higher...

zac_destroys_all

Ethereum has recently broken the neckline on a 4hr chart head and shoulders pattern slicing though support at 1720USD. The downside target for the head and shoulders pattern is 1499USD. The target for a developing bear flag is 1660USD. Before we test 1499USD I expect a retest of 1720USD acting as resistance.

zac_destroys_all Updated 

Lite coin has the possibility of returning to 152USD if this ultra bearish scenario plays out. After failing to reach the target for the previous inverse head and shoulder pattern targeting 237USD, lite coin has begun to develop 2 head and shoulders patterns. Easily viewable on a 4hr chart the big one is targeting a downside target of 152USD and will only come in...

zac_destroys_all

After consolidating since the beginning of march ADA is once again showing signs of life. After closing a candle above key support at 1.08, ADA has broken above and closed multiple candles above the very strong resistance of 1.18USD. I expect ADA to at least comeback to test 1.18USD which would present a good opportunity to go long. If we fail to maintain price...

zac_destroys_all

ADA started the day off strong finding support at 0.98USD and closing a bullish engulfing candle on the 1hr chart. ADA then proceeded to rally into strong resistance at 1.18 and got rejected. ADA price action then seemed like it was consolidating above the 0.236 fib level (1.10USD) before giving that level up and falling closing a bearish engulfing candle on the...

zac_destroys_all Updated 

I haven't touched the stock market for a couple weeks now, but I'm starting to see some nice trade potential again. VLNS (this is a Canadian stock on the TSX) has been trading in a rather broad continuation triangle for days now. Today VLNS closed a daily candle above trendline resistance on the daily chart. My entry price to this trade will be around 1.85CAD...

zac_destroys_all Updated 

Gold has been forming a cup pattern from the 2011 @1920 high to the 2020 high @ 2074. Since it's high in 2020 gold has slowly shed it's value over the course of 7 months it has been a steady decline. This price action has formed what could be a nice handle. After bottoming out at 1667 it is likely we will see at least a short term reversal. Gold is likely to find...

zac_destroys_all

ADA looked like it was reversing to the upside A few days ago. However mind had changed when I started to see a continuation triangle forming clearly pointing to the downside, after repeatedly failing to break through 1.143USD. ADA recently broke the continuation triangle to the downside only to be saved by BTC and the other alts rising in price simultaneously....

zac_destroys_all

Over the last couple of days LTCUSD has been building strong support after a large fall. LTC finally started to signal a reversal after hitting 152USD. Many coins as well as LTC have been showing bullish structure within the last day or 2. However LTCUSD has been an underperformer and has yet to catch up. LTCUSD has been forming a very prominent head and shoulders...

zac_destroys_all Updated 

ADA is currently settling down after trending hard all day. ADA broke out of a relatively tight channel today and slightly over shot my price target of 1.049usd. Currently ADA is retesting the broad support area that it has been able to rubber band back into every time it has broke it as of late. This time however price has not rebounded with the same momentum. I...

zac_destroys_all Updated 

It is very healthy for price action to breakout and then retest the former resistance as support. I am currently watching for bitcoin to at least test 46877 and flip it into support before resuming upwards again. If we break back into the former falling wedge look for 46000 as the next support level.

zac_destroys_all Updated 

After dropping about 21% ADA is simply range bound between 1.18 and 1.31 usd. Sooner or later we will break in one direction. The measured move of this channel could have us testing 1.45usd again and testing the upper resistance line, interestingly the measured move to the downside could bring us through or at least test the lower trending area. (there is no real...

zac_destroys_all Updated 

If you have been following my analysis on BTC you would know I've been paying close attention to the upper trendline ever since I noticed a head and shoulders pattern forming. That same trendline has continued to be major resistance. The bottom trend line has acted as decent support but we almost lost it. for a long time now I've been watching this broad bullish...