My chart is a pair analysis, showing the ratio of SEIUSDT to TOTAL3 (multiplied by 10^15 to make scale visible). It shows that SEI is a "high beta", "momentum" coin relative to the rest of the market and trades very cleanly, respecting moving averages. I see a potential for SEI to outperform the market by as much as 500% over the coming weeks/months. Could mean...
ETH is in a precarious spot going into next week: just below its 8-day and 34-day moving averages, and the channel resistance that held the price since November 2023. ETH broke out of this channel on Feb 27, but getting back inside is a bearish development for ETH. More weakness early next week could induce a quick flush to 2700, where the lower trendline will...
Similar situation to January: we had BTC trading in a range for a few weeks, then briefly breaking below support, with people calling for targets in low 30K, which turned out to be a fakeout, and a new swing trade bottom. Look for BTC to bottom in the yellow circle early next week. Additionally, let's see if the blue channel I drew is valid. Price touching the...
DOGE trades in a long term range against ETH. It lags during the early stages of bull market, and surges during the "mania" phase. Sometimes DOGE also surges due to news catalysts, but is contained by the blue trendline. Once the blue trendline gets broken, I expect DOGE to quickly move to upper end of its range. And in a "perfect storm" scenario, i.e mania + news...
Do you see this massive Cup and Handle formation? SOL will probably flip ETH if this gets triggered! I feel that HTX accident mangled Solana's chart, and in the absence of it, the blue line would probably held as support, which would still be incredibly bullish.
Another contender to be the memecoin of this cycle. Great looking chart: bullish pendant within a bull flag. And supposedly Elon Musk was talking about it, so could emulate $DOGE.
ETH formed rising channel on the hourly chart. Lower trendline offers minor support. Upper trendline held the price since Feb 28.
Clearing 0.15 resistance area could trigger a quick trip to all time high.
Rising channel that held the price since Nov 2022 bottom was broken to the upside yesterday! So far the rally was contained at 57000, which happens to be the top of new accelerated channel (in yellow) I drew on Feb 16.
PAAL has been consolidating under the all time high since Feb 19, it is making higher lows on the hourly chart, and looks ready to move again.
PEPE is flying after triggering inverted Head-and-Shoulders pattern. Could become the memecoin of this bull cycle.
The upper trendline channel resistance (colored in red on the chart) will soon be broken. I see two paths right now: a shallow pullback to 50K-49K, followed by a rip higher, or direct grind higher within the accelerated (yellow) channel.
Attempting a long trade off doji and channel support. Target - 9.
KAS broke out to new all time high from a 3 month-long consolidation. Target for this move is between 0.20-0.45
Bitcoin had to overcome one resistance level after another since the January low. Still not completely out of the woods yet.
Very bullish chart: price makes new all time high after multi-week consolidation.
Moving above 0.223 will confirm the resumption of uptrend.
The last time ETH touched 2392 it promptly retraced 150 points down. Expecting a similar move now: first target is in the low 2300s, can quickly reach low 2200s if the channel support doesn't hold. Stop just over 2400.