Litecoin has finally seen a much-anticipated breakout with strong momentum that has lasted for several days despite pausing for air yesterday. We appear to have entered the next cycle of the impulse of a 5-3 Elliott Wave, confirmed by several long green candles. We’ve continued to break into new highs, and what was once a price target of $138.50 now provides...
As Bitcoin solidly enters another rally, Altcoins seem paltry by comparison. Although the Altcoin index has made a slight uptick, it seems to be forming a wedge pattern which indicates consolidation and preparation for another breakout. The double top discussed numerous times in previous commentary should continue to provide resistance. The Crypto Spread...
EOSUSD 4H Looking for Wave C to complete at around 2.85-2.50. The next mid-term target is projected to be $8.00
XMRUSD 30min Chart says it all. Target zone is marked on the chart.
SANUSD Chart says it all. The structure is quite similar to IOTUSD. Expecting price to unfold in a three wave correction, completing wave 2 at around 1.75-1.50. From this level on, I'll look for a potential buy targeting $4.30 as TP1 and $5.40 as TP2. Happy Trading!
IOTUSD 15min Hey guys, the current downleg on smaller timeframes might be the last one within the corrective structure. Once price has hit the potential buy zone, I will look for logical signs that the corrective structure has come to an end. If price will break out earlier, I will wait for further confirmation before buying. Once confirmed, price might head...
A slight pullback in LTC has continued at highs as it faces resistance from the upper bound of the KRI. Both momentum indicators are still positive indicating momentum is strong despite some pullback. The Kovach Chande has pulled back a bit more indicating possibly indicating a place to add to a position. This recent pullback has seen support levels from below...
XMRUSD 15min Chart says it all. TP: 282.00 Happy Trading!
SANUSD 15min After SANUSD has hit the two take profit levels of my analysis I've published yesterday, we might have a new long opportunity. Targets are marked on the chart. Happy trading!
While Bitcoin Cash has seen nowhere near the momentum as some of the other altcoins, there are various technical indications that it may be winding up for a breakout. For example, we have been seeing higher highs and higher lows, which is a strong indication of a bull trend. Further, the key level of $1724 forged by relative highs coinciding with a Fibonacci...
A slight pullback in LTC is observed at highs as it faces resistance from the upper bound of the KRI. Both momentum indicators are positive indicating momentum is strong despite some pullback. We have strong levels of support at $102, $100, and if we face a major pullback, at $89 and $87. Good profit targets include Fibonacci Extensions and Nested Fibonacci...
And there's Siacoin, the coin with the hard fork popping up and also the insane retracement after the giant spike earlier this year. What we can see from this technical analysis, SC retraced all the way back to the fib level 2. And finally moving up (on Twitter I’ll make a 1H chart for Siacoin as well). First really big target we’ll see in some time is around the...
IOTA has made incredible strides by more than doubling in value since the end of November. Currently it is facing some resistance at all-time highs, which correspond with the Fibonacci Fan at the 0.382 level. Further momentum is anticipated although we must see retracement and consolidation at some point. Check out the Kovach Indicators here !
Ethereum classic has regained momentum and is making an effort to test and break all-time highs again. It is consolidating at the moment, in the all too familiar dragon head pattern indicative of a cryptocurrency winding up for another push. We are pushing up against the upper bound of the KRI, which indicates that some consolidation or pullback may continue in...
Both the Altcoin Index and Bitcoin have broken out and sustained momentum, though Bitcoin has solidly maintained the lead. This is evidenced by the fact that the Crypto Spread is positive and has been so for the past several days, although it does appear to be wavering. This should serve as an indication that Altcoins are more competitively priced at this point,...
After having seen a huge spike to the downside on many crypto pairs, chances are high that the month of December will present us plenty of decent buy opportunities. Having a look at OMG, my area of interest is $10. If we see a clear break and close above the point of validation, the continuation would be confirmed. BUT there is also the possibility of a further...
Both the Altcoin Index and Bitcoin have faced resistance while trying to break new highs. Of course, this could be weekend doldrums, but from experience, liquidity actually picks up for cryptos in off-market hours. The Kovach Crypto Spread is roughly even, though tilted to Bitcoin's favor as the Altcoins appear to be hit just a bit harder. Consider this as a...
IOTUSD 4H As shown on the chart we have two strong areas of interest. The first one is the current price level, which is the weekly support (1.10-1.03) and the second one being the point of intersection of the daily support area and the ascending trendline (0.92-0.88). The plan is to observe price action at the given levels and once we have a confirmation,...