DXY is in ascending channel since 31 May 2021. USD is losing its momentum. Stoch RSI and RSI shows weakness. Tom Demark count gave red 1 on the weekly chart. I expect further decline. Prepare for weak USD in the coming weeks/months.
Ada gave a green 2 on the daily chart according to Tom Demark count. Ada has broken daily MA20. Stoch RSI is oversold on the daily chart. I expect a rally. Price target: $3
Tom Demark gave an invalid red 3 on the monthly chart. Stoch RSI is oversold on the monthly. I expect the price to go to 60-65k area first, then form a cup and handle, then to reach 100k.
Bitcoin has broken two critical resistance areas: weekly MA20 and daily MA200. 1H and 4H is oversold. I expect the rally to continue till at least 50k psychological resistance level.
Bitcoin has broken the descending triangle upwards. It had daily close over daily MA50 and weekly close weekly MA50. This is a clear indication that bear trend is over. My first price target is: 44500
Ethereum has formed a giant 1514 dollar bull flag. Stoch RSI has plenty of room to go on the weekly chart. I expect the rally to continue till 5k.
Link broke an critical resistance and formed a cup handle formation. 4H and daily Stoch RSI has plenty of room to go upwards. I target 55 dollar range.
NEO is forming a cup and handle. I expect the price to reach the 120 resistance area. After 120 I expect a pullback (handle will be formed) then the cup and handle formation will have 160 as target. Stoch RSI has plenty of room to go on daily and weekly charts. Here is my trading idea: Long Neo @ 110 Take profit: 120 SL: 99
IOTA gave a green 2 according to Tom Demark count on the 4 hour chart. This is a clear buy signal. Stoch RSI is oversold on 4H chart. IOTA will have a major upgrade (Chrysalis) in 9 days. I expect a breakout. Here is my trading idea: Long @ 2.24-2.26 TP1: 2.35 TP2: 2.44 TP3: 2.56 TP4: 2.66 TP5: 2.77 TP6: 2.89 TP7: 2.98 SL: 1.95 Use low leverage.
Dash gave a green 2 on the daily chart according to Tom Demark count. It has broken a critical resistance area and formed a W formation. I expect a rally. Here is my trading idea: Long @ 285-287 TP1: 299 TP2: 323 TP3: 336 SL: 269
ADA is extremely oversold on the daily chart. ADA has found support at fib 0.618 (1.0677) level. I expect a break out soon. Here is my trading idea: Long @ 1.05-1.06 TP1: 1.18 TP2: 1.27 TP3: 1.36 TP4: 1.48 SL: 0.97
IOTA has broken the symmetrical triangle and gave green 2 on the 4H chart. I expect the rally to continue till 2 USD.
Bitcoin has broken the daily MA20 and gave a red 3 according to Tom Demark count on the daily chart. I expect the pullback to continue to at least 16k. If 16K breaks it can retreat till fib 0.618 level at 14456. Here is my trading idea: Bitmex XBTUSD Short @ 17130-17000 TP1: 16850 TP2: 16500 TP3: 16300 TP4: 16100 TP5: 16010 SL: 17900
A symmetric triangle is formed on the 4H chart. Stoch RSI is oversold. I expect a rally. Here is my trading idea: Long @ 450-452 TP1: 455 TP2: 457.45 TP3: 459 TP4: 464 TP5: 469 SL: 437
Bitcoin has formed a double bottom. Stoch RSI is oversold on daily and 4H timeframes. I expect the rally to continue.
Bitcoin has broken the ascending triangle and making the same formation shown on the left side of the graph. I expect a rally with a target of 13.2k
ETHUSD broke the 4H MA20 and it is oversold. I expect rally to continue. I expect 450 will come and there will be a correction afterwards.
ETHUSD has broken daily MA20 downwards. It is also overbought on the hourly chart. Bollinger Bands is narrow and stoch RSI is overbought and it is below hourly MA20. I expect price decline. Here is my Bitmex trading idea: Short @ 233.50-233 TP1: 230 TP2: 227.80 TP3: 225.20 TP4: 221.20 TP5: 216.60 SL: 239.10