XLM is caught in a descending triangle in forming. It is unlikely we will push higher in the near term, therefore expect a range play within this triangle formed between the 50% fib level which was tested twice and the descending resistance. Short term bias is bearish currently and one can short the resistance and long support for a nice range play. If we break...
After a short correction, XRP signals a continuation of its bullish run aiming for $1. We just had a bullish MACD cross on 4h, RSI looking good and StochRSI is also signaling bullish momentum. Unless BTC spoils the fun, XRP is due to continue on it's run. The only concern is that volume needs to pick up soon. The ascending triangle also signals a bullish...
We are approaching a decisive moment for the crypto market. We are currently in an apex for BTC Dominance (BTCD) which is soon to break up or down... By early 2021 we will know if we enter a strong alt season with gains in double or even triple digits for alts or will BTC rally like in 2017 leaving alts to pick up the pieces and hope to recover later. Short...
LTC dropped over 30% after a very nice bull run. With BTC reaching near ATH levels, the whole market corrected, including LTC which broke the parabola in pink and the Fib 23.6% level. This all meant that we were headed much lower. Now we are getting closer to support areas found between $61 and $56. We are still in a very sharp downtrend which will likely break...
Sushi tested the diagonal support during the BTC drop and now it is in a bullish move and may re-test the local top at $1.7. We also formed an inverted head and shoulder structure, which if broken above the neckline (in orange), Sushi will push higher. That is a good entry for a short time long. However, watch BTC. Any move higher in alts can be reversed if BTC...
The bull momentum in BTC has shifted after nearly touching ATH level (1% below it). This is not surprising as it was unlikely we will pass ATH at the first try. See past experiences. Before we can get another try at ATH, we need to correct and find support. We are currently testing the 78.6% Fib level as support at 16k which is likely to break and we go lower....
VTC tested the major support at 0.14 which held and now we turned the local resistance at 0.16 into support and moved higher. Our next resistance/target is 0.25 which is also a Fibonacci 38.2% level. If VTC manages to re-claim 0.25 level and push higher, we may see a nice recovery in price after we corrected sharply in late September from 0.4 level. If we pass...
XRP has broken the weekly resistance at $0.3 and now we are literally running towards $0.4. $0.4 will provide some temporary resistance so watch this level, we can expect some temporary pause here. XRP is very bullish and as we know it can go parabolic in a blink of an eye. Our final target is anywhere between $0.45 and $0.5 which will be a significant...
XLM broke previous resistance, did a beautiful retest (in green circle) and then went for it for a nice 13% gains. We are now at the 0.095 resistance and XLM may range a bit here either to re-test it as support and move higher or test the parabola support (in pink) before more gains. XLM is very bullish and next targets are on the chart, the most important one...
ETC broke the resistance of over one year, now we are re-fueling for the inevitable bull run. The crypto market is heating up and many alt coins will start running soon and make significant gains. ETC is no different. Top target is $11, however until that level is reached expect to hit $7, that will confirm the run. Each level on the chart will also be a...
LTC has had a fantastic run from $60, bounced on the parabola and now we are at $80. In some ways the LTC rally anticipated the BTC run to ATH. Now we are at resistance, however the momentum of LTC/BTC is very bullish and we can expect at any moment for BTC to test/pass ATH and LTC to test $100 which is an important psychological level. Bias is very bullish,...
BTC has had an amazing parabolic run since October. We are now about to test the all time high (ATH) level of $19,666 very soon. At this rate, unless we get a correction to re-test parabola support, we are sure to hit or pass the previous ATH. A great X-mas present for all crypto enthusiasts. After that its anyone's guess for the next top: Conservative...
BNB retested the major support line when BTC dropped to 17.4k. Provided BTC does not correct, BNB is expected to continue on its way up to test $28.5 resistance then aim for $30+ You can aim to buy the retest of resistance, but be careful as BTC may push us lower in case of a significant correction (-20% / -30%) at which point a drop to $25 or below is likely.
VTC held at 0.14 support. For now. We should expect a move up at least until .20 cents where the first significant resistance sits. We could also range and re-test the 0.14 support again. It's important we do not lose this level, otherwise VTC price will find new lows. The VTC/BTC ratio is at all time low, which is not unique to VTC, so we may expect some...
BTC has just delivered a rocking 7% Darth Maul's Lightsaber. Liquidating shorts while longs dumped on FOMO. Don't try to trade this market, it's getting hot and unpredictable. Follow your plan. ATH is 10% away now. Anything can happen.
BTC price action has surprised many, at 12k, 14k, 16k, now 17k we wait for the correction... yet BTC continues uninterrupted to go up. 17k is really the last level before ATH is tested. Will we correct now before ATH test or we go straight up? We are at 3k away from ATH or less than 20%. We all know BTC can pump that in one day. A correction will come and the...
LTC had a nice run of 20% after touching the pink parabola. Now we are at local resistance which may trigger a short correction to $70. Pushing up above resistance from here would be unlikely, but possible. Possible trade: Wait for local resistance to resolve and then consider a trade. Good chance for another 10% run once we break resistance. Caution: BTC is...
BNB just had a MACD cross on daily and momentum is building for an up-trend towards $30. We are also in a big ascending channel for months with a last leg up due to test ATH. Price has also broken out of local diagonal resistance, retested it and then went up (in green circle). This all confirms we can expect a continuation. A proposed path in green for the next...