PClenton

PClenton

Following an incredible run up, HEXUSDC has now come down to test the bottom of its golden pocket, which coincides with previous chart structure and the key psychological level of 20 cents. This will also soon be met by an ascending trend line which has held for much of the year. Given the impending launch of the Pulsechain network, this may be a prudent level...

PClenton

This prediction is based of the apparent recent Wykoff distribution by forecasting a Wykoff accumulation. It assumes the long term trend line will hold support, yet perhaps seems a little bearish given the indicators shown below it. This is due to the number of upcoming end stakes. At this point new all time highs for the end of the year remain in play.

PClenton

The Bitcoin value of Ethereum has retraced to a strong level of support (0.0618 fib) which corresponds with a long-term trend line and significant wicks in the past and comes days before the test net release of its London upgrade.

00:35

PClenton

HEX smashed through the targets set in the last posting and is currently holding at the 5 cent level following a retracement. A pullback to the 0.618 Fib level would provide a possible entry at 3.5 cents. If Pulsechain gains adoption it is likely to increase awareness of the HEX token this is likely to have a positive impact upon the price of the HEX token in the...

01:00

PClenton

OMUSDT recently hit the first upside target from the last video, but was rejected back down below the trendline and 21EMA. If it can recover to that level and maintain it in the next week this could create a double bottom, indicating a possible trend reversal. In the meantime caution is advised as the longer term trend remains bearish.

PClenton

The HEX token's USD value has increased around 80% this week. This may be due to hodlers buying more tokens in anticipation of the Pulsechain Ethereum fork with which the project is associated. Despite potential resistance at 4.1 cents, having Pulsechain's launch yet another 5 days away and considering the magnitude of its airdrop, it seems plausible that the...

PClenton

Swissborg's CHSB experienced some selling pressure this week as people "sold the news" of the platform's much-anticipated BTC staking. As a lower-cap token, it is also perhaps not surprising that it has languished a little given how ETH has been tearing up to 4k USD/0.0667 BTC like a rat up a drainpipe. It'll be more likely to make more green candles once ETH...

PClenton

The Mantradao OM/USDT pair is currently at a critical level of support. If we manage to bounce from here there are 3 main targets for taking profit, with the breaking of the red trend line being a fair indicator of a reversal. If we fail to hold 32 cents then the drop down could be significant. It is perhaps not surprising that OM is having a rough time of it at...

PClenton

Swissborg's CHSB token has broken its ATH today. With the team announcing up to 9% yield on BTC for token holders plus many other features on their road map for this year, fundamental developments like this could potentially result in an ABC pattern pushing the price up >50% by the end of Q2 as demand for their utility token increases.

01:51

PClenton

With all the euphoria around Ethereum at the moment combined with its demonstrating some seasonality of price, it's perhaps noteworthy that during the 2017 bull market, June-July saw a serious (>50%) pullback. No guarantee that this will happen this year, but if it does it could be even more serious for the price of lower-cap alts in the short-term.

01:19

PClenton

Mantradao has been seeing lower highs since its Binance listing and appears about to retest this descending trend line in the next few days. If it breaks through to the upside it could see gains of potentially 20% before the next significant area of resistance. If rejected, prices could fall almost 25% before the next strong level of support.

PClenton

An updated, alternative chart for short-to-medium-term levels of support and resistance for OMUSDT based solely on data from Binance (as this is the exchange trading the most OM volume when last checked). Most resistance is expected around the 44 cent level, decreasing thereafter as the price rises. Downside target is initial price at Binance listing. The...

01:26

PClenton

Not financial advice, bit a little drop in the last 12 hours has shown Mantradao to have support at the 36 cent level. This is hypothetically a buying opportunity, subject to the current support holding. Again, not financial advice. If the 0.618 doesn't hold, a more bearish perspective might be advisable.

01:15

PClenton

There has been a symmetrical triangle pattern forming inside the handle on Mantradao's cup and handle pattern on the daily chart. Considering the potential for Ethereum defi tokens given the recent Eth upgrade, OM may have just printed the final higher low before breaking out of this triangle.

02:08

PClenton

Despite recent negative price action, Mantradao is continuing to print higher lows on the daily chart and the 20EMA is also holding above the 50. Prices remain above the 0.618fib level, which is acting as key support.

02:17

PClenton

A rough estimate on the cup and handle forming with the OMUSDT daily chart suggests the potential for a breakout to above $1.20. That being said, the 1.618 fib extension from the top of the cup is at a slightly lower $1, which is an obvious key psychological level, where may people may be looking to take profit. However, before any break out occurs OM could also...

02:42

PClenton

Mantradao Om is currently downtrending with the rest of the market, but it is still above a key support level. The daily chart has retraced to the 0.618 fib golden pocket zone from its recent high and despite the MACD and RSI appearing bearish still, is potentially forming an impressive cup and handle.

03:31

PClenton

Chart structure, fib levels and 4hr 50 EMA could indicate OMUSDT is above strong support even if the 20 EMA doesn't hold. Consideration of the first hour's candle from the launch day on the Poloniex chart (which is not recognised by Coin Gecko or Coin Marketcap) suggests a 4x would be needed for a new ATH on that chart. It's also noteworthy to mention that at the...