TV288

TV288

So, in hindsight it is obvious that the 2.8k level acted as a strong resistance and can be seen as a bearish retest of the breakdown we had on the 4th of august. I must admit that I leaned towards a break above with ETH going for a lower high around 3k, but it is what is is. Now ETH is back at the lows of abovementioned breakdown around ~2300$, so there is a...

TV288

SOL has been defending this huge support around ~120$ for several months now but I'm afraid we are going to see a drop below this area very soon. The price action of the last few weeks clearly have the characteristics of a SHS pattern, with the head located around 184-190$. So this would give us a target of ~80$ but really not sure if it's going to drop that low....

TV288

So, bulls recently missed a decent chance to gain control over the market by holding the 61k level but failed miserably. Now just want to put things into perspective, keep in mind, this analysis is NOT backed by usual TA rules, so this is rather a out-of-the-box approach on what is going on. As you can see I tried to highlight the obvious series of lower highs...

TV288 Updated 

It looks like ETH is making an attempt to push towards ~3k coming days/next week. Alts are performing pretty decent as well, which is what you want to see for bullish continuation - An overall strong market, not just BTC, so I'm giving this a high chance. As I said in my BTC analyis, 61k is the level to hold for BTC for the next 2-3 days, for ETH this level would...

TV288 Updated 

Simple long setup for INJ :) Will be bidding 14-14.2 if it gets there, target 20$ but might go as high as 22$. Stop below yesterdays lows, so pretty tight. Stay safe!

TV288 Updated 

Dropped quite a bit below yearly open but already reclaimed this level as we speak. Market in general looks as if wants to go up but still lacks conviction. Risked a long here on RENDER, first confirmation would be a break above 5$, this level should hold from there. Target around 6.4$. Stay safe!

TV288

So BTC has been chopping between 58-61.5k for almost two weeks now, which is frustrating but part of the game. Right now it seems to be flirting with a breakout, printing a traingle shape just below resistance as we speak. Now the problem with these triangles is, that they are not the most reliable patterns, more like 50/50 to be honest, so I would only be...

TV288 Updated 

Think we will see a dip into 0.25-26 later this day or after weekly open. Either way, I am ging to risk a long from these levels. TP1 somewhere around .34 but I believe it will go higher than that with .48 being my main target. Stay safe!

TV288

As I mentioned in my previous update, it looks like ETH is trading in a bear flag. It looked somewhat decent after the bounce from 2.5k yesterday but now it's stalling and moving slow, which is typical for a bear flag. Still think we will see one more push towards 3k later this week but it could also drop down from here. Anyway, assuming we are in a bear flag...

TV288 Updated 

Clearly one of the strongest coins right now, already broke above monthly open. Caught a decent long from 4.6 but already close as I expect to see a retest of 5.1-5.2 (max 5$) later this day/after weekly open. I believe we will see TIA trading at 10$ very soon if it breaks above the key level around 7.6. Stay safe!

TV288 Updated 

I believe we will see another dip into ~1.3$ later this day/after weekly open. Obvious key level would be 2$ which would be our first target. Main target somewhere around 2.5-2.6 by end of august. Stay safe!

TV288

Now you may or may not know, that I've been trying to catch the bottom for Arbitrum for months now but it just kept making new lows over and over. But let me tell you, this time it's different (it's probably not)... Arbitrum dropped all the way to ~50 cent and I just can't think of anything besides some major news etc. that could make Arbitrum any lower than...

TV288

Technically DYDX has been trading within this range for over two years now, so basically going sideways. But given the size of the range it still is very much tradeable if you know the key levels, which are obviously the range highs/lows and the mid-range levels. Now DYDX has done these deviations before, as I have highlighted in the chart, this time it seems to...

TV288

This is pretty much one of the best setups one could ask for: A bullish divergence on the daily chart. It's pretty straight forward as price should not drop below the lower low being made on a higher RSI print. We have seen this many time with coins like TRB, where I predicted the violent short squeeze few weeks ago using this method. There is a lot of upside...

TV288 Updated 

In my previous anaylsis I vaguely mentioned the key levels for BTC but anyone could do that as they are pretty obvious so I'm trying to think of a more detailed scenario of what we could see coming days. I believe BTC is going to test the lows around 50-51k one more time since it still lacks the strength and momentum from that small corrective move we have seen...

TV288

Really didn't see that coming but honestly, I think only a handful of people predicted this crash, if you are one of them, kudos to you. Now, I won't even bother trying to find out why it happened, it is what it is. I think the weak stock market open led to this liquidation event and as you all know, crypto markets are extremely leveraged, so nothing we haven't...

TV288

Risky trade, but I think it's worth a shot. Will be longing ETH from 2k if we get there, but just could go as low as 1800$... so tight stop for me. I don't recommened taking this trade at all. Stay safe!

TV288 Updated 

Take this with a grain of salt, but the hat is off - Finally ;) Weeks or even months ago I was sure WIF is going to a dollar eventually and now it looks like the time is right for the final plunge. I don't believe it will go there in a straight line from current prices, so I think we will see a few more days of consolidation at the range lows, maybe even a 20%...