Litentry finally starts to recover from it's harsh decline during May and June. We see a volume increase which is indicated in the daily chart with a cyan line. The RSI on the daily shows a trend reversal analogue to the price action. LIT now did face some resistance around 3.8$ but this is expected to be temporary. The 4h chart shows a golden cross with the 50MA...
Polkadot crashed hard during April and did not recover since. However, during July we did see a bounce at 10.5$ and DOT did break the series of lower highs for the daily RSI. Volume increased as well which is an additional sign. Now DOT moves into the 15-16$ range where we look for an upper breakout in price considering the downtrend. Once we turned the 15$ into...
ONE did leave the falling wedge indicated by the yellow lines. Currently we see a consolidation into a triangle drawn with the violet lines. ONE found support twice around the 0.055 line and marks kind of a double bottom which on its own is a good trend reversal sign. The volume however is still decreasing which is fine for a consolidation. Once we break out of...
QTUM consolidates between the 4.8 support line (green) and the 7.5 resistance line (orange). Currently we even can draw falling triangle (yellow line). On the right hand side we see that price action currently moves between the 200ma and 50ma. One we break through the 200ma we expect a relief rally with higher highs and higher lows. The RSI on the daily chart on...
Ellipsis did another retest of the 0.34 line which was unexpected due to the strong recovery right before that. However, we did get a very solid bounce and are again above the violet upwards moving line. Once the 0.53 line is broken we expect a major upwards pump. The strong volume increase during the last 30 days shows rising demand. Just to get near previous...
I will try to play around with different chart types and charting styles. Please tell me what you like or dislike and why. Thank you very much for your time. SUPER made it back into the violet cone together with another volume increase. There was a retest of the 0.38 line which probably did trigger some stop/loss as well. However, we did get a strong bounce...
Last time we covered Bitcoin we introduced the Wyckoff accumulation pattern. The continuation did not follow the exact pattern. We rather saw another so called "Test" below the 30k line and are moving upwards since. Currently we look for a breakout above the 0.5 Fib line and a follow up retest of it as new support. This would give us a good setup to move towards...
The analysis will be similar for most coins at their current state so don't be upset if the phrases are the same.^^ We see an increase in volume which signs a rise in interest. The purple line shows that we are in an upward movement with higher highs and higher lows. Recently a cross between the 50MA and the 200MA occured where finally the 50MA is on top...
SUPER is the currency for the game Superfarm (where NFT's can be collected and used) created from Ellio Trades (Youtube). Since the launch on Binance SUPER dropped hard after a starting rally. Currently it looks like we get a trend reversal which is not confirmed yet. The RSI is around 40 and looks like we can expect a parabolic recovery there. We spot a recent...
EPS continued its downfall during June as most other coins did as well. However, for the last two weeks we look at a small trend reversal where we see higher highs and higher lows following the purple line. We also did notice two bigger volume pumps that increase rising demand. EPS provides low slippage swaps between different stable coins like USDT, USDC and...
HIVE is declining since April as many other crypto coins are too. We are looking at a falling wedge pattern and wait for a breakout as a sign of trend reversal. HIVE found critical support at 0.2$ and is now battling for the important 0.29$ support line. Volume is in general low but we see some spikes which could hint some people are accumulating. Basic...
One Harmony sees a decline in price since April and does not seem to stop. The violet lines show a falling wedge pattern which is looking for support to bounce to the upside again. Some support was found around the 0.05$ price level. However, we also did find some resistance around the 200MA line. If we decline from here and the small support around 0.05 does not...
QTUM did break through below the 200MA initialized from the Bitcoin drop. Now QTUM is in recovery mode to gain the 200MA back as support. The previous support around 4.5$ did hold and the next target is the lost 7.7$ line. As a major proof of stake Blockchain QTUM should have a great 2021. Basic rules: - Never buy the top/ATH - Take profit as long as you can...
AUDIO broke out of the downwards trend indicated with the yellow line. The volume is very low and AUDIO has a hard time recovering also with the 100MA just above acting as new resistance. Once the 100MA is crossed more investors are likely to turn bullish again and with it the volume will rise. Middle target is 2.7$ and the ATH target is around 4$. Audius in...
The current pullback for Bitcoin so far mirrors perfectly the Wyckoff accumulation pattern. We are currently in phase C where we recover before the next consolidation in phase D. Hopefully you will get a bit more confidence again after reading this. Phase A: The downfall where we see a short stop at previous Support (PS) around 43k. Breaking below did lead into...
Cardano is moving towards new ATH considering the ADA/BTC chart. Currently we ca see the formation of a second bullflag since the head and shoulders breakout. We expect some more consolidation before an upwards breakout. Smart contracts are around the corner and money is coming towards ADA. With its proof of stake mechanism it also is energy...
BTC draws a trend reversal with a higher low above the 0.5 Fib line. This happens together with the breakout out of the symmetrical triangle. Now we look for prices above the 0.3 Fib. We also got some extremely bullish news with the Taproot upgrade and El Salvador accepting BTC as currency. Basic rules: - Never buy the top/ATH - Take profit as long as you can...
NEO now found support at the 200MA for the second time. Currently NEO is consolidating into the apex of semi symmetrical triangle. We expect some more consolidation into the apex before we find some volume that pushes NEO out of the triangle. Entry is around 50$ and target around 120$. Basic rules: - Never buy the top/ATH - Take profit as long as you can...