cryptobulls51

cryptobulls51

Follow-up from previous TA now considering the daily chart.

cryptobulls51

EOS/BTC is showing a strong trend on this overall bearish market. It did a nice 50% retracement back to 0.0014 range and it's now trading inside the cloud and will possibly find support at ~0.0017 if it breaks through the cloud. Regarding Ichimoku cloud, it's also worth noticing the bullish TK cross and Tenkan-sen line might turn into a dynamic support.

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SUB/BTC broke its 0.236 Fib retracement level and we might see the end of this ABC Elliot correction wave at ~5k, which was a strong previous support. If it fails to hold, we might see a full retracement back to ~4700. Also worth noticing the bullish divergence forming on RSI, just like a lot of other alts.

cryptobulls51

ICX/BTC pulled back like the whole market and it's currently trading at its 0.236 Fib level. Between ~32k and ~34k is a nice buy range. If it falls below that, we might expect a full retracement back to ~28k. ICON actually made a similar Wyckoff distribution pattern earlier this year.

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BLZ/BTC pulled back to 0.5 Fib retracement level after a nice bull run and bounced right at the bottom of Ichimoku cloud after a bearish divergence. Now, Bluzelle is showing bullish signs as we still have the fifth EW to go, oversold RSI and Stoch RSI. We might expect some resistance at around 5600 and 6000 to 6500 sats.

cryptobulls51 Updated 

DGD/BTC is currently trading inside Ichimoku cloud, which might play out as an edge-to-edge, in which the price goes through the opposite side of the cloud. We already had a TK bullish cross and broke out of RSI resistance, which were keeping the price action quite bearish.

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BTC/USD is currently trading inside a pitchfork and forming an ascending triangle, which might pop and go through $9000 resistance, up to $9200 to $9300 range. On the other hand, it's showing a decreasing RSI, which might play out as a bearish divergence. Also note how the amount of longs is declining and the amount of shorts is flat line.

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BTC/USD showing consistent dynamic resistance and support with Ichimoku cloud's Kijun-sen over time.

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WABI/BTC formed an Adam & Even double bottom and broke out. It's currently facing resistance on the 0.786 Fib retracement level from its ATH. If it breaks that level, we might see it rise until 0.618 Fib level at around 20k sats.

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LSK/BTC broke out of an ascending triangle on the 4h chart and for now we can expect some bullish moves up to 0.786 Fib retracement level, which was a previous support at around 0.0015.

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ETC/BTC is showing a bullish divergence on the daily chart with all this optimism back on the market. Expect resistance on the areas marked on the chart. On the fundamental side, there's a beta mobile wallet launch schedule to happen at the end of the month.

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XLM/BTC is currently trading on the 5th EW and showing a bearish divergence on the 4h chart. Expect a correction to take place and bring XLM down to ~3400 to ~3600 sats range. This range is the 0.618 Fib level for this impulse EW, a previous support and also Ichimoku cloud's Tenkan-sen.

cryptobulls51 Updated 

EOS/BTC has been in a bull run last few weeks and Tenkan-sen line is serving as dynamic support. If RSI continues above 50 we might see some continuation on this bull run and retest 0.0013 level one more time. Otherwise, EOS might find support on 0.5 Fib level at ~92k sats, also where Kijun-sen lies. The amount os shorts is rising, let's see it goes down to 0.5...

cryptobulls51 Updated 

IOTA/BTC is currently in a Falling Wedge and the volume is increasing. If it breaks, IOTA will gain strength and a new bullish trend with great potential, but we need to be careful of the resistance caused by the Ichimoku Cloud.

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BTC/USD is forming a bullish pennant on the hourly chart, which might be what will push the price to test the next resistance at ~$8300 to ~$8600 range.

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BTC/USD is currently showing a bearish MACD cross about to happen which might take its price down to ~$7300 to ~$7500 support range if EMA200 fails to hold it for now. At that support range is where EMA100 and EMA50 might serve as dynamic support. If it does hold, we can see it test next resistance at ~$8300.

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ADA/BTC is currently forming an ascending triangle on the 4h chart and sideways price action on the daily. It needs to cross 2600 and that ascending triangle may push the price through it. Both 50 and 100 daily EMAs may show resistance and keep Cardano's price still below 2600, continuing its sideways price action.

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ETH/BTC is currently showing a bearish divergence after a rally and a possible resistance at 1.618 Fib level at around 0.062. We might see it fall to the first support at around 0.059 and then to 0.052, which is 0.5 Fib level.