Price has broken previous low creating a new lower low, followed by another correction creating a lower high in a corrective pattern after an impulsive move to the downside
Price has also formed a double top within the corrective pattern. we need to wait to see if the price breaks this corrective pattern and move to the downside towards the support zone....
A recent price drop caused a real storm. Yesterday things calmed down without massive sell-offs. Has the storm passed or are we in the eye of the storm? ⚡👀
Situations like these really give a headache to data analysts. So much data - no insights. Which data to follow? Data is all over the place, how to fairly separate trend analysis? How to adjust for irrational...
Good daily close above bottom range high and the wick low of the 22nd Feb - bullish
Yesterday was break from range, retested today, initially with low momentum and a deviation (wicks back into the range)
Acted as SL hunts also providing liquidity for move up
Targeting 51.5-52K initially, $51700 specifically at the 1.618 of range break which is the fib a lot of...
Some light analysis on BTC Dominance chart. 57% is a key level as it is an established support line. If BTC Dominance breaks below this support line, we should expect to see a rise in altcoin prices as the profits from selling BTC are used to buy altcoins. If BTC Dominance bounces off the support line, we should expect a continued rise in BTC prices and...
Trading Signal:
There is a Trading Signal to Buy in BANDUSDT
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A quick analysis how the Bitcoin might move in the coming weeks. Have a look at the video please to find out if we are in a reversal or a correction ?
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Further from the analysis posted on Monday February 15th 2021:
We can now see Chainlink breaking its pennant formation and moving towards the previous high at $35.65 , a break higher mirroring the rally seen last weekend could take it up to the $38.6 level and breaching that...
this analysis active when the red line and blue line break and stable on top of them
TP 1,2 short term
TP 3 long term
signal failed if the orang trend break and get lowe
A plain and simple comparison to an early chart of ETHUSD price movements around March - April 2017 can indicate that a similar path could be followed by LINKUSD and I would not rule out potential for parabolic moves higher in the near future.
Such path followed by ETHUSD which surpassed the given Fib Extension level of 4.236 would give a potential target of ~90...
BTC dominance is showing significant signs of bullish divergence on the 1 day. This combined with the fact it's heading into a weekly demand/support zone (green shaded area) is pointing towards capital flow back into Bitcoin from the altcoins.
Personally I have decreased most of my altcoin positions already and am happy to sit in BTC or USDT if there is a...
Litecoin finally bled to death from Bitcoin and rallied up today, the bottom has been found & the trend reversal is getting re-tested before we continue to move up
As you see my analysis I have considered that the last trend was Bullish flag pattern so I think it can goes upper than now very soon in TP2 and in a lang term reache the TP3
I'm very happy to add your comment, to know what's your opinion too !!!
Thanks'
Recently announced parachain with dot, more fundamental news pointing to this coin being undervalued perhaps, saw a break, retest now it looks like we are seeing rejection and we are just waiting for the consolidation. Prob in the W form previously mentioned (all these coins seem to like it). TA pointing good (although we don’t even have a 100 day moving average...
As you are all aware of the CRO Token from Crypto is on a new high level due to dumping 70% of its tokens for growth.
Lets keep this simply the target has 4 levels
TP 1 - 0.58 March 2021
TP 2 - 1.11 Aug 2021
TP 3 - 2.43 Feb 2022
