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Near Protocol (NEAR) cryptocurrency was among the few digital currencies that sustained a big rally while the cryptocurrency market underwent a massive sell-off. In Elliott Wave analysis, the ABC pattern is a 3-wave pattern where wave A and wave C are equal in length. ABC Pattern From October’s 2020 low through March’s high, NEAR developed its first leg A. The...

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Ethereum (ETH) has developed a bullish flag formation, which is a continuation signal that calls for a $5,000 price target. If the bullish flag pattern is confirmed, this could send Ethereum's price to a new all-time high above the previous high of $4,384. Bull Flag Pattern On the daily chart, Ethereum's flag pattern pole was created between 20 July and 13...

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Cardano (ADA/USD) has become the third-largest cryptocurrency after it reached a new all-time high of $3.00. Based on the Elliott Wave analysis ADA/USD has completed a five wave cycle since its inception, pointing to a possible three-wave retracement. Elliott Wave Analysis Elliott Wave analysis can help us break down the entire rally from 2017 through 2021....

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Solana (SOL/USD) the 10th-largest cryptocurrency by market capitalization, with a total market cap of over $21 billion reached a new all-time high of $81.97. The rally is showing signs of a slow down after it rallied more than 120% since the beginning of the month. Equal Waves Pattern From a technical perspective, SOL/USD has rallied in a three wave pattern...

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Ethereum's (ETH) rally from the July 20 low is threatened by two reversal patterns that can cap gains in the second most valuable cryptocurrency. First, Ethereum broke below an upward sloping trendline that connects a series of lows. Secondly, the RSI momentum readings have turned negative (below the centerline 50) for the first time since the recent rally...

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IoTeX’s (IOTX) cryptocurrency price reached a new all-time high above $0.12, becoming one of the hottest digital coins this week. Currently ranking as the 99th most valuable cryptocurrency, based on data from CoinMarketCap, IoTeX has a market cap of more than $800 million and a total supply of 9.6 billion. Pump and Dump Price Structure Is IOTX’s trend a pump...

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Polkadot's (DOT) price has broken above a descending channel that can suggest a potential trend reversal. Another confluence factor that adds more weight to the bullish case scenario is the MACD regular bullish divergence. Descending Channel Before Polkadot emerged higher out of the descending channel, it reached a new low of $10.37, which is a key support level....

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Terra (LUNA) threatens to reclaim the key 200-day simple moving average, which will signal a shift in the current trend. LUNA's price has successfully broken above the key 200-day EMA and the prominent psychological figure of $10.00, marking a change in the trend from bearish to bullish. Price Structure Starting with the May 23 low, Terra's price continued...

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Bitcoin Cash (BCH) was trading back near the $382 low but the price failed to break below and is now in the process of developing a double bottom pattern. If BCH’s moves continue to be supported above the $382 support level, this temporary bottom can provide more fuel to the bulls. Downward Sloping Trendline The bulls need to overcome the downward sloping...

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Algorand (ALGO) has formed an ascending triangle pattern on the 4-hour chart. ALGO has been following a higher rising trendline but found repeated resistance around the $0.924 level. We’re currently at a point where the price can soon break on either side as the price congestion is becoming tighter and tighter. Ascending Triangle Price Target In technical...

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UMA (UMA) is in the process of establishing a rounded bottom following the attempt to break above the strong psychological level of $10.00. Technically speaking, UMA is still in a bear market, but the recent rally might be an early sign of a shift in the trend direction. Stochastic Bullish Readings Looking at the technical indicators, the stochastic oscillator...

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Dogecoin (DOGE) developed a significant bullish divergence signal with the MACD indicator. The bullish MACD divergence signals a potential reversal in the price of Dogecoin. This is a strong bullish reversal signal and is supported by multiple other technical factors that can revive DOGE. MACD Bullish Divergence On the daily chart, DOGE's price has made a lower...

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Ethereum's (ETH) price has been squeezing in a relatively tight range resembling a symmetrical triangle. From here, we have two trading scenarios: either the range becomes tighter as the price gets squeezed in between the upper triangle resistance and lower triangle support, or a breakout to the downside might be in the cards. Playing the Breakout The...

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Cardano (ADA) is in the process of developing a symmetrical triangle, but moving forward there are two likely paths that can come to fruition. Currently, ADA's price is trading near the lower end of the symmetrical triangle pattern and above the 100-day simple moving average. If a breakout occurs to the downside, we can expect a move towards the $0.94 support...

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Arweave makes an impressive 94% comeback after losing more than half of its value! Arweave (AR) has been selling off after reaching its all-time high at $34 on April 1st. The token sold off more than 50%, reaching lows of $16. However, after touching the $17 support, it quickly got up on its feet and rose 94% in just four days! Arweave’s Trend At first...

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While Bitcoin and the rest of the market have taken a nosedive, Ethereum made new all-time highs. Let's take a look at Ethereum's trend and a suitable strategy you can use! Ethereum the Exception The crypto market took a hit this week after Bitcoin failed to break above $65,000. ETH temporarily regained its lost ground and even made new all-time highs....

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Ethereum made a new all-time high, rising over 20% from its previous ATH. Let's take a look at how you can trade Ethereum and take advantage of these uptrends. Finding the Trend: To make a successful strategy, we should start by identifying the trend. We can do this with the help of a trend-following indicator that will act as a filter. The MESA can work well...

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Bitcoin is currently at support and may soon bounce, offering a 20% profit opportunity. Current Situation After hitting highs of $62,000, Bitcoin has been mostly selling off, unable to keep its upward momentum. Although this may be disappointing to traders, in the long run, it is a healthy pullback that allows us to buy the coin at a discount! Bitcoin appears...