Price has successfully broken above key resistance levels on both the 6-Day and 6-Week timeframes, signaling continued bullish momentum. Here’s the detailed observation: 1. 6-Day Chart: • Price has cleared previous resistance and is holding above key levels. • A clear cup formation (highlighted) is visible, typically indicating a bullish continuation...
Bitcoin on the 7-Day Chart The 7-day chart suggests potential weakness as the current candle appears indecisive or bearish. This reflects short-term consolidation or retracement, which often occurs in a bull cycle as the market seeks to cool off and reset momentum. If this chart weakens further, it may retest key support levels (like $80,277 or $67,427) to find...
Looking at the 3-Day Chart, the crypto market cap appears overbought and is approaching a potential peak. While the bullish structure remains intact across higher timeframes, such as the 10-Week Chart, it’s important to note that a pullback in the market would be a natural and healthy occurrence within a bullish cycle. A pullback allows the market to “breathe”...
XRP just printed a fresh candle on the 11-day time frame, maintaining its bullish structure as seen on the 12-hour chart. This asset continues to stand out for its consistency and clarity, making it one of the easiest charts to analyze and trade in the crypto space. Here’s why XRP remains a favorite for traders and analysts alike: Clean Market Structure XRP’s...
XRP is showing signs of strength as it inches closer to a retest of the $2.90 level, a critical resistance zone. Once this level is cleared, the path to breaking $3.00 seems inevitable. The chart structure is bullish, and the momentum is building up for XRP to potentially make history once again. A successful retest and break above $3.00 could open doors to new...
When analyzing individual tokens like XRP/USD, it’s crucial to consider the bigger picture—the overall crypto market cap. Market cap movements provide a bird's-eye view of the entire crypto ecosystem, acting as a barometer for where individual tokens may be headed. Here’s why using confluences between market cap charts and specific tokens is a powerful...
XRP 12-Month Chart Analysis: Bullish Momentum or Retrace Before the Breakout? Let’s talk about the 12-month chart for XRP. The current candle for 2024 (marked by the white arrow) is in a critical position, and it presents two likely scenarios: Scenario 1 – Straight Breakout to All-Time Highs (ATH): The candle continues to rise, building momentum to break through...
We’ve got to change how we see crypto. Too many people treat it as just a way to "cash out" into fiat money—like taking a step forward just to go backward! 💸 Cryptocurrency isn’t here to build the old system. It’s here to create a new one. Think about it: every time someone invests in crypto and then exchanges it back for dollars, they’re missing the point....
Technical Analysis 2-Day Chart (Left Panel): XRP has completed a W-formation (double bottom) as of 11/27/2024, signaling a strong bullish reversal pattern. The price has successfully broken above the 0.618 Fibonacci retracement level at $1.49548, a critical resistance level now turning into support. The next major target is the previous high at $1.63339, where...
The Bitcoin chart showcases an interesting confluence of bullish signals across multiple timeframes, potentially signaling the next move in this market cycle. Technical Overview 2-Day Chart (Left Panel): Bitcoin is testing the 0.618 Fibonacci retracement level at $96,338, a critical area where price often consolidates before continuation. A developing rounded...
Tesla is once again showing its potential to break into uncharted territory, driven by strong technical momentum and groundbreaking innovation. Key Technical Analysis: • On the 12-month chart, Tesla appears to be breaking out of a significant consolidation zone, with the yellow-highlighted liquidity area acting as a springboard for higher levels. • On the...
Timeframes Observed: 4-Hour Chart (Left): The stock experienced a significant pullback after reaching a previous high of $543. Current price action is consolidating within the highlighted yellow liquidity zone between approximately $328 and $390. The Fibonacci retracement levels are clearly marked, with key levels at: 38.2% ($415): Indicates minor resistance. 50%...
Market Analysis: CONFIRMING The Bull Run Continues!! After thorough analysis, I’ve been reviewing the lower timeframes and identified a W formation (double bottom) on the 4-hour chart, which has been confirmed by a deeper look into the 10-hour chart. This consistency across timeframes strongly indicates that structure is solid and the bottom for the current...
Looking at Bitcoin’s 2-week and 9-day charts side by side, it’s clear that Bitcoin is experiencing a pullback. Despite this, its overall structure remains solid, indicating a healthy retracement rather than a breakdown. Key Observations: 1. 2-Week Chart: • Bitcoin has broken through 70K, a significant resistance level, putting us in uncharted territory. • As...
Shiba Inu (SHIB) is lookin' REAL juicy on the 4W chart! Here's the lowdown: 💎 What’s Got Me Hyped About SHIB 💎 Check it—there’s a Doji Star pattern chillin’ on the 4-week chart. Doji Vibes: A Doji is that candle where the open and close prices are almost twins, showing the market's all confused. Usually pops up after a dip or during a pause—translation? This...
The cryptocurrency market has experienced significant highs and lows over time. The total market capitalization reached an all-time high of $3.2 trillion on November 14, 2024, with Bitcoin peaking at $93,480 and Ethereum previously hitting its record of $4,891.70 in November 2021. However, the market has seen downturns, with the market cap falling below $1...
Since July 2020, through February 2022 and April 2023, Gold held a solid three-year resistance, unable to break the 2075 level. It wasn't until a previous swing low at 1984+ broke that we saw a key high/resistance break above 2144+. Since then, Gold has been performing exceptionally well and has remained my go-to commodity for trading. From my perspective, it’s...