Based on the transformation of the weekly Moving Average Convergence Divergence (MACD) into a bullish pattern and a significant likelihood of a breakout from the triangle formation, it is plausible to anticipate a substantial surge in XRP's price in the coming weeks.
Technically speaking, the convergence of the MACD lines, specifically the crossover of the MACD...
After rejection of 100 and 200 DMA for the second time, at the same time they were at the same price weekly and daily level at 27980.
The zone I marked is supported by a daily level, two weekly levels, a monthly level and a Fibonacci level of 0.618.
Above that zone we have the fibonacci level of 0.382, which is at the same price as the daily level, below the...
Hello friends, I was unfortunately blocked yesterday =D so after some exasperation I am sharing this today.
A trend line that traces the price's growth so far has its own strength and importance. It is currently around the 28400+ level.
However, there is another way of looking at the matter. The parallel band that stretches around the 27400 level is also quite...
Left Chart:
1. I have displayed a head and shoulder formation that could take around 42k BTC. I already posted this scenario a couple months ago on my Twitter twitter.com
Middle Chart
2. I drew an ABCDE move on the middle chart for longer-term and mid-term price forecasts. The short-midterm ABCDE move, which we have just confirmed/completed, suggests that we...
When analyzing MCUSDT, we can observe several reversal signs, notably the presence of Bullish Divergence on both the RSI and MACD histogram. These indicators hint at a potential move for this token. Additionally, we've identified a resistance line that has been attracting sellers since early 2022. As a result, our initial target is a move towards this resistance...
There are several factors that could contribute to the significant drop in cryptocurrency market capitalization to around $42 billion. The following events or factors could affect such a decline:
Massive sell-off of cryptocurrencies: If there was a massive sell-off of cryptocurrencies by investors and traders, demand would decrease and prices would fall. This...
This is Bitcoin (BTCUSD) on the 1W time-frame displaying all of its Cycles historically. I've used the Fibonacci Channel extensions to identify any possible correlations and how this can create a roadmap moving forward and project the next Cycle. To start putting the chart's indicators into perspective, the 1W MA50 is the blue trend-line, the 1W MA200 the orange,...
Hello everyone,
I hope you are ready because something is finally moving. Keep and eye on your alts, btc and ustd dominance because a new bull run will soon be here.
Have a good trading week!
On the ALGO chart you can highlight the key level of $1. Now this level acts as resistance. The price has already tested this level several times, with each test the level is weakening. Therefore, in case of squeezing and breakout, there could be a good opportunity for buying.
But the whole market is in a downtrend right now, and many breakouts end up with a...
Hey everyone,
Ethereum is preparing for a wave up to the upside as ETH 2.0 is launching in June 2022. Not only that but we should all remember that fundamentally, it is the most used blockchain network.
Currently, Ethereum is retesting a cup and handle pattern. I expect Ethereum to do well in Q1 with a price target of 6000$ in the medium-long run (based on...
Based on my Elliot Wave count we will finish the 5th wave above the strong ~200 USD resistance. After buying volume drops you can expect a retest of the resistance, this time as a support. Therefore, you can time your short and enter accordingly.
S
BTC is stuck in a falling wedge which can breakout to around $4400. It’s possible that BTC will first dump further to $3175 or bit more before the breakout.
