CryptocurrencyMagnet

02:12

CryptocurrencyMagnet

Monthly close above $46k only means one thing, bullish uptrend incoming 🚀 this current downtrend period has been a lot longer than that experienced during summer and we have been waiting on confirmation of trend reversal, the fake out last week, coupled with the current geopolitical news i am more confident in the trend reversal, I believe the bottom was $33k, the...

CryptocurrencyMagnet

Harmony (ONE) Update 3/2/22: Since reaching its ATH price in October 2021 @ $0.39, Harmony has been consolidating in a range between the 38.20% & 78.60% fibs ($0.17 and $0.31). Harmony's current structure is forming a similar pattern to Bitcoin (BTC) and great relative strength in performance compared to other blockchain project during this downtrend. From the...

CryptocurrencyMagnet

Bitcoin Update 26/01/22: Bitcoin (BTC) potential bull trap, bouncing 15% before the FED announcement, currently BTC is -45% gain from the ATH reached in November 2021. We currently are in a downtrend, BTC has recovered fast before and we could get the same here. The current RSI on the weekly is close to that of the March 2020 crash (which was a little lower than...

CryptocurrencyMagnet

From the current structure, it looks like Bitcoin (BTC) may be retesting the key support level @ $40k..a potential bleed incoming. If we fail to hold $40k as our key support level, BTC may fall further, retesting the 23.60% fibs @ $39,694 Further to this, the Sovereign A.I script has just triggered a Sell Signal on the Weekly timeframe (Not to be too alarmed,...

CryptocurrencyMagnet

Bitcoin Update 19/01/22: BTC Death Cross on 14th January 2022, currently BTC is 63% away from the all time high price @ $69,004. A final capitulation may be in play before we can finally start climbing back up with a steady upward trend direction towards the previous ATH and the $79k target at the 127.20% fibonacci level. It is important to highlight that this...

CryptocurrencyMagnet

Great bounce for Polygon (Matic) on the trend-line support level just above the 61.80% fibs. From here Polygon (Matic) is currently only 49% gain away from our $3.47 target at the 127.20% fibs and only 23% away from the ATH at $2.88. Our current price Targets for Polygon from the current price: 127.20% Fibs at $3.47 (49% Gain) 161.80% Fibs at $4.22 (80%...

CryptocurrencyMagnet

Bitcoin (BTC) on the daily chart is showing strong signs of an oversold market and is currently sitting on a key support level at $40k. If the $40k level fails to hold as support BTC is on its way back down to retest the 23.60% at $37,623 which is currently -7% from the current price level. This current downward trend we are experiencing may lead to another...

CryptocurrencyMagnet

On the Daily Chart Bitcoin (BTC) has been in a consolidation period over the past month since the December crash. BTC has been consolidating in our Whale Accumulation Zone between $46k & $52k failing to retest the 61.80% fibs @ $53k. Since the December crash, we have been waiting for strong price action to give more clues on the Short-term Bitcoin direction. From...

CryptocurrencyMagnet

Harmony is looking great again, awaiting further confirmation from the A.I script but a strong Buy signal for the next leg up looks very possible as the 13EMA is about to cross above the 50SMA, the last time this happened Harmony grew over 450% in 3 months. From here we can expect similar growth...the script does not lie 💎🔥🚀. from the current price Harmony (ONE)...

CryptocurrencyMagnet

Harmony (ONE) broke out of our Trendline since the December crash, we have now retested the 200sma and harmony looks ready for the next leg up. A moving average crossover will further confirm this move back up towards the 78.60% fibs and retest of the ATH @ $0.39. Our $1 target still stands and we can expect Harmony to reach this target over the next 2-3 months....

CryptocurrencyMagnet

Polygon (Matic) To Retest ATH, Next Stop $3.24 @ 127.20% Fibs currently only 55% gain away from the current price. Polygon (Matic) is currently only 29% from the ATH @ $2.88..we need a clear breakout above the 78.60% fibs, a daily close above this key level of resistance would turn the 78.60% fibs into a strong support level for the next Matic parabolic run as it...

CryptocurrencyMagnet

In regards to the Total Market Cap for the whole cryptocurrency market, since the 3rd Dec crash the total market cap dropped by 27% from $2.604 Trillion to $1.891 Trillion, revisiting previous levels experienced during the May crash and September. Over the past 10 day the total market cap has recovered +9% from -27% to -18% since the 3rd December. I believe we may...

CryptocurrencyMagnet

After the crash on the 3rd December Bitcoin has retested the 200sma just below the 50% fibs, since then BTC has failed to break above the 61.80% fibs @ $53,253. For the past 10 Days since the crash BTC has been consolidating in the whale accumulation zone...we have now broke below this zone and if we fail to break above the 50% fibs we could see BTC fall to the...

CryptocurrencyMagnet

Polygon (Matic) Update 07/12/21: Matic has shown great strength since the crash on the 4th December, recovering +63% from the -35% drop experienced. This project has very strong fundamentals with some of the most cutting edge technology in Blockchain Technology today. This is Ethereum's Internet of Blockchains, although Matic has already grown 12514.5% YTD, we can...

CryptocurrencyMagnet

From the last push phase in late September, we saw Bitcoin gain 68% in just under 42 days from $40,994 on the 29th September to $69,044 on the 10th November. Our A.I script caught this huge move with a strong Buy signal triggered on the Daily Chart (4th October) catching 47% of this move to the new ATH. This was an explosive move for Bitcoin which was met with...

CryptocurrencyMagnet

Decentraland (MANA) Update 29/11/21: $12.45 Target🎯 Potential 146% Gain from the current price. Since the 13 EMA crossed up above the 50SMA on the 26th October, Decentraland (MANA) has been in parabolic impulsive wave from $0.75 to $5.71. This was a 600% move in just under 30 days from the 26th October to 26th November where MANA set a New ATH @ $5.71. From the...

CryptocurrencyMagnet

Our current Target for Sandbox is at the full fib extension @ $34. To put this in perspective, If The Sandbox had a market cap of $30.3B, 1 SAND would be worth $34.00, an upside of 337% from the current price level. This move may not be so straight forward as we haven't experienced any huge profit taking since the start of this parabolic run on the 26th October....

CryptocurrencyMagnet

Cardano (ADA) Update 24/11/21: $4.29 Target🎯Potential 200% Gain. From the previous HL (May Crash to July Bottom), since hitting a new ATH @ $3.09 on the 2nd September, Cardano has been consolidating in the range between 61.80% and 38.20% Fibonacci level in the range between $2.28 & $1.81. From the current price action and looking at the momentum oscillators, ADA...