Hey traders, It's been one week exactly since my last ETH post, last week right at weekly close. There's been a lot of price action going on in ETH this past week so let's break it down. ETH successfully closed over the $788 3-year valley formed in 2018 and has shot straight up like a rocket since doing so. Looking at the daily chart, this move was formed all...
+Heres a quick BCH read for the BCH fans out there your gonna love this!! +On the 4 hour we can see multiple attempts at the level $368 but here why I think we will break this time and ladder up to test new resistances. +As you can see here I've identified BCH current valley it is facing. +BCH is coming close and close to the top of this valley as...
Toward the beginning of December, we saw Jumia make a strong correction after hitting $40 all the way back to $24.5 before making its way back to $40 zone. Personally I think Jumia is still on track for a continuation toward the upside after this correction, once we break and retest $41. Jumia is a hidden gem right in front of our faces... Jumia is an...
+RSR is coming towards and wedge and has created level adaption on $.016 +on the 12 hour we can even see some Accumlation between the levels of $.016 and $.2 +After its second attempt of trying to break this downtrend(white level) it came right back to its support at .016 and started its next ladder up and now seems to be adapting $.018 a residential now...
+Chainlink Today had a great run +When I woke up this morning I saw Link was up16% but slowly started pulling back as we faced/created another downtrend (Purple Level) + In the last bleed Link had it came down to $9.89 and then we started seeing some level adaption around $10.6 +The Green Level is a resistance now turned support $12.3 + Creating level adaption...
+ADA facing another attempt on its 4 year valley .$169 +After its first attempt on this valley we saw a major pullback 35% and closing right above $.13 support +Since then it has created a accumulation zone and I have identified a bullish trend line that was stared on the 16th. +We can see it has tested this level 3 times confirming it as a official bullish...
+Woke up this morning to a nice pump on ETH and many other ALTS +If you missed this pump no worries because there are many more to come. + On this most recent pump ETH break through 2 resistances and wicked $714 to a T +Lets remember the rule of First Touch rejection. +This is the first time ETH broke 700+ in 2 years. and Also first touch on $714 so a pullback...
Looking at the 1W timeframe of the Bitcoin Dominance Ratio (BTC.D) is slowly re-approaching it's previous all time high. This means that right now BItcoin's market cap is about 70% of the entire crypto market cap and still rising. Since the altcoin season at the end of 2017, the Dominance ratio has been gaining and doubled from 35% to 70%. From here on the next...
+Crypto markets have been in one hell of a ride these few days and the parties just getting started. +After Breaking out if its downtrend (white line) we saw ETH do 25% in roughly 5 and a half days. +Most people TP were $686 including mine but what most of us forgot is the monthly level of $669 +Once we had our first touch on this level we saw a scam wick...
+Just came across this coin while scanning markets so here's a quick read on it +Never heard of Ocean before but it definitely caught my eye when I saw it was up 9% on the day. +Typically I don't like to chase coins that are already on its move up but I think its possible Ocean will keep pumping. +The level $.335 is a support and our current resitance is at...
+if you missed the recent pump for XRP when it did 128% in 28 days no need to worry because another pump is coming. +XRP on the weekly tested its swing high of $.74 and had a pretty heavy rejection after. +After its attempt of $.74 it came back to its resistance of $.46 and make this level its new support. +Here on the 4 hour we can see that really wants to...
Happy Holidays! After seeing the AMEX:SPY hit ATH last week, some wonder if the flame has just been lit or if it's being put out. Will the market hold strong into the New Years' or will it start a correction as Biden makes his way into office. Right off the bat, I see a few key levels to watch starting with $363.22 as Monthly support and $365.73 as weekly. We...
After seeing the DOW hit ATH last week, it looks like it could continue sideways for the next week or so as we approach the holiday season. I'm watching $29,820 as weekly support and $29568 as Monthly support. Looking toward the upside, we've tested the $30,325 range as ATH twice in the last week, confirming it as a strong level of resistance. I'll be watching...
+Alt Coins across the map all are showing a similar pattern. +The pattern im seeing its coins are testing bullish trend lines after getting rejected of of weekly levels and bearish trend lines. +Same goes with link after 2 test on 92.98 we saw that it came right back down to its bullish trend line and still maintained the level. + LTC on the 12 hour looks like...
+Chainlink has sure given us a few sloppy days of trading this past week with both green days and red days +I believe now its safe to say that Link seems to be making a reversal back to the upside after testing its white daily trend level I drew back form July +Chainlink also seems to be in a symmetrical triangle and if it breaks this symmetrical triangle we...
+ETH after rejecting $618 came back down and tested $485 +We tested but thankfully did not close below $485 which lead to antlers attempt of $618 +On the chart it seems like ETH is going for another attempt at $618 and this is going to be a very important test/break we see. +If we fail to break $618 on its next attempt there's a possibility we see a similar...
Binance Coin just broke out of this downtrend on the 4-hour and bounced off $27 support, going long to $31 & $35 as take profit levels. BNB has already 1st touched the $35 level and that's around it's previous ATH of $40 so on this next leg-up it could head up to previous-ATH levels. Look what Bitcoin is doing right now that is very possible for BNB. If BNB...
Earlier this month Ethereum formed the notoriously bearish triple top pattern and was looking like it could come back down and retouch the $470 support level. Then I didd some investigating into bigger timeframes and realized that ETH hasn't came back down to touch a single level of support since $234 and it doesn't have to in a bull market. All the talk about...