KASUSD / Kaspa recovered the recently lost Support of the 1day MA50 and almost reached the August 7th High. With the Rising Support holding, the long term bullish trend is intact. Based on a similar rise since the start of the year, the price is just starting the new rally. Buy now and target the 2.618 Fibonacci extension at 0.11000. Follow us, like the idea...
Chainlink (LINKUSD) hit today the 1D MA50 (blue trend-line) for the first time in more than a month after a Double Bottom just above the 1.5 year Support Zone. This rebound has been accomplished after the 1D MACD formed a Bullish Cross within the Buy Zone and rebounded. Every time such a MACD rebound took place, the price has always hit $8.00. That is our buy...
If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better! Weekly DOOM counts still active, MO. The circle looks 3 wave to me, I can't ignore it. Not a clean end. 25k break adds to this. 33k break kills it. I'm sure...
Technical Analysis and Outlook: This week, the price action of Bitcoin made a strong recovery after reaching our Mean Support 25100. It is possible that it may continue to rise towards our Mean Resistance 27800. However, it may drop down to our strategic Outer Coin Dip 24200, as we anticipate a retest of the Mean Support 25100.
Bitcoin crossed today over the Falling Resistance / top of the Falling Wedge pattern. This will turn into a buy breakout signal if it closes a (4h) candle over it. The MA50 (4h) has already turned into Support. This Support is holding the Right Shoulder of an emerging Inverse Head and Shoulders pattern, which is a bullish bottom formation. This can be the...
XDCUSD is neutral on the 1D timeframe (RSI = 51.811, MACD = -0.002, ADX = 40.140) with the price consolidating insde the 1D MA50 and the 0.0500 Support. In accordance to the two prior consolidation into recovery waves of this Fibonacci Channel, the next crossing over the 1D MA50, will be a buy signal. The 1D MACD pattern is a lot like the bottom formations of...
Bitcoin (BTCUSD) broke yesterday above the 4H MA200 (orange trend-line) for the first time since August 09. This was a critical Resistance as it made the emphatic August 29 rejection in the Greyscale aftermath. With the 4H MA50's (blue trend-line) support, the price has now started to test the Resistance levels one by one with the first being the Lower Highs 1...
Hedera (HBARUSD) is having a 3-day 1D candle bullish streak for the first time since the August 15 High. Considering the completion of a Bullish Cross on the 1D MACD and the fact that the 0.04555 level (Support 1) held, we treat this as a similar buy signal with March 16. That fractal rose up to the 0.5 Fibonacci retracement level. That is our short-term target...
Yesterday, Bitcoin broke below $25,000, and in the process, it moved closer to a critical support level of $24,756 (before rebounding toward $26,000 overnight); if this support level is broken to the downside, it will mark a new low since 15th June 2023 and strengthen a bearish case in the short and medium term. Furthermore, if successful, we expect the breakout...
Bitcoin is on the second green 1D candle in a row trading on neutral 1D technicals (RSI = 46.543, MACD = -510.500, ADX = 23.740) despite being at the bottom of the 2 month downtrend, almost on S1 (24,800), which was the June 15th low. There is a significant bullish divergence on the 1D RSI being on HL as opposed to the candles being on an LL trendline. This is an...
Last time we looked at XRPUSD (Ripple) was 3 months ago, giving the most accurate pull-back buy entry we could get (see chart below): Following the SEC news on July 13, the price broke above $90 for the first time since April 2022 but since then started a decline which in two aggressive parts eventually broke below the 1D MA50 (blue trend-line) and hit both...
KASUSD crossed over the 1D MA50, which has been the Resistance last week, and on a bullish 1D technical outlook (RSI = 63.474, MACD = 0.006, ADX = 30.066) is extending the rise after making on September 5th a bottom on the long term Channel Up. The technical target is the 2.5 Fibonacci level (TP = 0.10500). ## If you like our free content follow our profile to...
Trust Wallet Token (TWTUSD) is trading within a Channel Down pattern since December 2022. Yesterday it touched the Support Zone and rebounded, making a Double Bottom structure so far. At the same time it is restrained by the 1D MA50 (blue trend-line) as the short-term Resistance. There is a medium-term Resistance Zone since mid-June within 0.9700 - 0.9915 and it's...
After Bitcoin's route two weeks ago, when it briefly jumped above $28,000, the price action started to trend sideways again. In addition to that, technicals on the daily chart began to flatten, suggesting the short-term bearish trend is weakening and turning neutral. To support a bearish case, we want to see RSI and MACD start declining and Stochastic continue...
Nearly a month ago, federal judge Analisa Torres ruled in favor of Ripple Labs in its case against the U.S. Securities and Exchange Commission. The decision was quickly followed by bullish price action, and XRP rose almost to $1, with many investors claiming this to be only a beginning of a roaring bull market. However, fast forward to today, and XRP still has not...
Ethereum is technically oversold on the 1D timeframe (RSI = 27.808, MACD = -41.850, ADX = 34.405) and is approaching the bottom of the Channel Down pattern since April. This is a strong buy opportunity, with the upward reach potentially able to extend to a +24.90% rise from the bottom. Buy and TP = 1900. ## If you like our free content follow our profile to get...
Bitcoin (BTCUSD) couldn't avoid the Death Cross formation on the 1D time-frame as a result of August's decline. This is technically a bearish pattern, where the 1D MA50 (blue trend-line) crosses below the 1D MA200 (orange trend-line). So how bad can it be? To answer that, we can look into the historic price action of course through past occurrences of the Death...
Fundamental Analysis: Synthetix is in the process of constructing a decentralized liquidity provisioning protocol accessible for various purposes by any protocol. Its substantial liquidity and minimal fees act as the infrastructure for numerous exciting protocols on both the Optimism and Ethereum networks. A multitude of user-facing protocols within the Synthetix...