hi traders, AMZN shows obvious signs of distribution, lower high after lower high. The price may be ready to roll down. An 8 % drop is very probable. Not edge for bulls here so I'm expecting bears to take control very very soon. p.s. Enter short once the break down occurs. Good luck
hi traders, Since the beginning of December, XRPUSDT has been consolidating and forming the symmetrical triangle pattern. This corrective structure may bring us more upside in the next days but as it's a neutral pattern, there's a probability that it will break down too. How to position yourself? 1. If the price breaks to the upside, enter the long position....
hi Traders This is a continuation of our previous analysis that we published in October last year: As we can see, currently the price is consolidating inside the bullish pennant. This consolidation was necessary to cool down after reaching the previous target. As we can see, the RSI was extremely overbought in December but now it's in pretty neutral territory...
hi traders. After reaching 0,61 in December, Algo entered the reaccumulation and gave us a decent pullback (53%) . Since then, the price created a higher low, but it hasn't restarted the impulsive move yet. Another pullback to create a higher low is probable so don't be too bullish short-term, but overall the target remains the same: 0,74$ - 0,80$. The bullish...
hi traders On the daily chart we can see a falling wedge breakout followed by a pullback. A long position can be considered within the buy zone if bullish confirmation appears, with a target near the resistance at 15.200. The stop-loss should be placed below the support zone to minimize potential losses. Good luck
hi traders The chart for TAOUSDT shows the price nearing the support level, suggesting a potential bounce. A long position can be a good idea with a stop-loss below the support zone. Wait for the price to retest the support to enter a long position. The target is shown on the chart. Risk/Reward ratio: 9,66
Hi traders, ADAUSD broke out of a falling wedge pattern, signalling a potential bullish reversal. We expecting the price will reduce a little bit lower at the buy sone and after that it will continue the uptrend, aligning with a key support zone. A long position could be considered if the price holds above this zone.
hi traders, Let's have a look at the Filecoin chart. Not the best entry (short-term) on Filecoin now, but if it gives a pullback to the buy zone (5,20 - 4,85) , it is worth of buying. On another hand, it is still a good price if you are patient and you want to hold it for the next few months. 2 scenarios are shown on the chart. Either way, it looks...
hi traders, ELAUSDT has faced a deep correction after reaching 0,618 fib level. It looks like the correction is finished and Elastos may be ready to go up again. 10$ is very easy target to achieve in the bull market. It may go much higher but as this is not a new project, there are a lot of bag holders that may want to sell their coins so 10 $ looks like a...
hi traders, IOSTUSDT has been in an accumulation zone for a long time. Once it breaks out, it will start the new macro uptrend. We can see that in the past it had some crazy pumps. The history may repeat itself. 1000 % gains are possible on this one. IOST is a low market cap altcoin so it will be easy to pump it hard. Buy low, sell high. Take profits...
hi traders, INTEL has been forming the double bottom. Very easy to manage the risk on this one. Trade set-up is presented on the chart. Risk-reward ratio: 3,92. Keep in mind that it's a weekly time-frame so reaching the target may take several months. Good luck
Hi traders, let's have a look at BELUSDT on 1M time frame. After recent pullback many altcoins came back into their accumulation zones. BELUSDT showed us in April that it has a power to pump a lot when it reached 0.618 fib level and pumped to 2,60$. Now again it's in the accumulation zone. It's not time to sell but it's time to accumulate. The altcoin season...
hi traders, Let's have a look at BAKEUSDT on the monthly time frame. To be honest, there are not many altcoins that look as good as BAKE on the monthly. Multiple months of the reaccumulation. Support holds strong. I can't see it to fail. First target: 0,90 Second target: 1,62 BAKE is a low market-cap altcoin so I won't be surprised if the pump is fast and after...
hi traders, ZILUSDT looks good as the double bottom seems to be confirmed. The price is at the resistance therefore to minimize the risk, wait for a successful breakout to enter a long position. You can also take the trade when the price retests the resistance and confirms it as support. Risk/reward ratio: 5,18 Stop loss and target are shown on the chart. Good luck
hi traders, We expect KNC to pump in the short-term. To get a better risk/reward ratio, wait for a pullback as shown on the chart. Stop loss should be placed below the range. 55 % upside potential short-term. Don't miss it out!
hi traders, GMT's trade set-up looks similar to DASH: A higher low is confirmed and the GMT seems to be ready to pump. Risk/reward ratio: 4,24 Let's get this crypto!
hi traders Dash looks great here. A higher low on the daily time frame is confirmed. Easy to strategize the trade. Risk-reward ratio: 2.65 Entry, target, and stop loss are shown on the chart. Good luck
hi traders, Let's have a look at altcoins market (exculding 10 top coins). It looks mega bullish and most likely the next 1-2 months will be pumpy for altcoins. Some time ago we published the analysis of the Bitcoin dominance which match with this prediction for altcoins market. Check it out: Don't miss it out. The cup and handle patter is confirmed and the...