DU09

DU09

BTC has formed a large pennant (in blue) that is a continuation pattern, therefore the bias is for price to break-up once we reach the apex in a few days. If that happens we are likely to reach the low $50k. For now the price is next to the support line and likely to push up at least 10% before hitting resistance once more, therefore a short term long is in...

DU09 Updated 

BTC Dominance compressed in the blue apex and now we pushed higher, this indicates that BTC is ready for some new highs. If you look at BTC price action, you will see we're getting close to 40k again and we may soon push towards a new ATH. In terms of dominance, we seem likely to re-test the 72% resistance. Alts like DOT have done some fantastic runs these...

DU09

KNC is in a clear ascending move along the support line with an immediate target at $1.2. This level was rejected several times now. Will this be the lucky time we break above? Once we pass $1.2 I expect KNC to quickly move up towards $1.5 and $1.8. For my long term view on KNC, see link below. I expect us to reach around $3 mid-term. Like and follow if you...

DU09

NU is reaching the end of the current formation with the price in the blue apex about to break out by the end of the month. Likely we will visit $0.18 cents before we push higher. Once we pass the diagonal resistance we should be clear for higher levels. First target is around $0.21 cents then .25. Long term NU can get back to $0.35. A possible path is...

DU09

SNX has done a 5x since November and now we are at the top of the ascending channel. This is a danger zone! There is also a bearish divergence on all three indicators: MACD / RSI / Stoch RSI = higher price and lower top on indicators = we're losing momentum. This is not good. A good indicator to sell is when the yellow parabola will break. When that...

DU09

UNI is in an ascending channel and we just hit its top where we currently face some resistance. I expect us to do a short pullback before going higher as indicated by the chart. If UNI drops to around $5, then that is a clear buy area as long as we don't break support. DEFI market continues to be very competitive and UNI is one of the leading coins. So good...

DU09 Updated 

GRT is forming a descending wedge with a nice bullish divergence on RSI (lower price, higher RSI, see yellow arrows) on the 4h chart. We may still play inside the wedge, but this is looking positive mid-term, I would expect GRT to break-out at the next opportunity and push above the previous ATH in a second major leg up. If however we fail to do so, GRT may...

DU09

ETH formed a beautiful ascending triangle and this morning we pushed above it. We can see that on the last 4h candle the volume has increased, this is bullish! Interest in ETH is picking up. If we are to do a 1:1 extension of the ascending triangle (blue) from breakout point, we will touch ATH level. Therefore, there is a high chance we will reach ATH soon. We...

DU09

As presented yesterday, BTC printed an Adam and Eve formation which was confirmed and that pushed us close to 40k. If you longed the triangle breakout or confirmation point, you made a nice gain! Interestingly, with this push the BTC market cap dominance also broke-up from the apex / pennant suggesting we may see BTC getting back to +70% market dominance (see...

DU09

If the past if of any indication of the future, we are looking at around 30x gains in market cap from the current level. This includes BTC + Altcoins. This does not seem unrealistic, rather quite a conservative target, considering that the total altcoin market cap has not even passed their previous ATH. There is a lot more gains to have still. BTC barely...

DU09

TRX has been in this large pennant since August and does not seem to indicate any clear trend at this time. Trending indicators are all over the place, therefore, we need a clear break and sustained follow-up to confirm where TRX is going. For now, price is compressing in this large pennant as time passes. We should get a clear break in a month or two. We also...

DU09

LTC found good support on the Fib 38% level or $130 forming a nice bullish engulfing candle today (lets hope it closes like that). The indicators are also curving nicely, with a bullish cross on 4h for MACD. This all makes me bullish biased. If we pass the $150 level then we're ready to go higher. My bias would change if we break under $130 again. BTC and ETH...

DU09

ETH is curving nicely in a bullish ascending triangle. With BTC also moving in a bullish pattern (see link below to my chart), the market seems ready to push higher. Before celebrating, however, we need to get confirmation. That will happen once we pass the top resistance of the triangle. After that there is little reason to think we can't aim for ATH. MACD is...

DU09

BTC is forming a very nice pattern - Ada & Eve. If this is confirmed we're clearly going up, fast. Ideal pattern: www.traderencyclopedia.com In this particular case this is a bullish Adam and Eve formation whereby we had a sharp V drop represented by Adam and a lower volume curve represented by Eve. If we break the resistance line at 36k on volume, the pattern...

DU09

DOT surprised us today with a 50% pump back at $10 resistance line... what is going on? It is leading the alt pump. Many traders had buy orders between $6-7, yet they were not triggered, someone is buying early and hard. If we pass the previous ATH at $10, then we're cleared for new highs. Maybe $16-17. Volume is also looking great so this pump has legs. Lets...

DU09

XRP is at the bottom and will soon make another attempt at $0.33, likely to pass it this time, unless we get some bad news related to the SEC lawsuit or BTC tanks under $30k. Most exchanges will also stop XRP trading for US customers around mid-January so best to see how the price reacts to that, I expect little impact due to the low volume from US...

DU09

YFI corrected like all the crypto market and is now finding support just around $30k or Fib 61.8%. We may drop another leg down towards $27k but that is uncertain now. Regardless if we find support at 30k or 27k we have a good chance to see YFI making another strong leg up towards ATH as indicated by the chart. The indicators are looking good and momentum has...

DU09

SUSHI has been a very strong performer since early November. We touched $5 and went lower to the support zones, but today we recovered the losses from yesterday entirely! Today's daily candle is a bullish engulfing one (meaning it's size covers and exceeds the body of the previous red candle), which is very bullish! Looking at the structure we are forming, I see...