The last time we analysed Bitcoin, we were anticipating a push up from the 30K level as it previously acted as the impulse generation point.
We now have that push and were approaching a key level where we may see some resistance. The important level to watch now is the 42K level where we have the correction resistance and previous structure. If we break that...
ETH looks ready to move and start the 5th and final leg of the bull market. In my opinion, we have ahead a fun year extending till q2 of 2022. As you can see I layout the different waves from the start of this cycle. The 3rd wave was overextended and the corrective wave, the one we are in now and I suspect it just ended it the perfect EW target of 0.236...
Matic was in a bearish correction since the massive spike in May. We have recently broken out of the descending trendline indicating that we are in bullish territory now.
Watch for price to break the 1.20 level and get in on the retest. We have previous structure and the ascending trendline converging at that point, making it a high probability area to go long.
Welcome to this quick update on ETHUSD
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Etherium looks really bullish as of now.
Just like the BTC chart, I posted a few hours back.
A healthy retracement would really be good for a sustainable...
In our last Bitcoin Analysis. we were signalling that we may see a breakout soon. Since that post, we got a massive 30% breakout!
Retracement Long Scenario:
Watch for price to retrace back to the 36K level where we have previous structure. Entry on breakout of the retracement correction.
Continuation Long Scenario:
Watch for price to break the 41K level and get...
ETH is still in a bullish cycle long term. Here, I entered on the 4h after a period of manipulation and entered on the beginning of the push to the upside from the demand zone. TP hit and 4:1 RR banked. Will be looking for further long entries as I believe it still has a way to go to the upside after this accumulation period!!
While the price is above the support 1705.700, resumption of uptrend is expected.
We make sure when the resistance at 2910.700 breaks.
If the support at 1705.700 is broken, the short-term forecast -resumption of uptrend- will be invalid.
A trough is formed in daily chart at 1719.100 on 07/20/2021, so more gains to...
Welcome to this quick update, everyone.
#ETHUSDT bounced right off the $1706 which I called on my previous updates.
That was the golden pocket as per fIB RATIO.
There are two scenarios and both are bullish if you see it as a mid-term signal.
We might get another. opportunity to buy ETH around $1700 that could happen purely on a complete daily...
The last time we analysed Bitcoin, we were at the the 34K level calling shorts back down to 30K. We have almost approached 30K now where we have previous price action.
If we hold the 30K level and bounce from here, we can possibly see ourselves revisiting the 36.4K level in the coming week.
- Wait to see if 30K holds.
- Watch for descending...
Dogecoin is also at a very important level. We are at the triple bottom level where the next moves will dictate whether we will see Dogecoin go to the moon or flop back to the bottom.
Wait to see how price reacts. If it breaks above the descending trendline, we could see it move up. If it breaks below, we could be revisiting the lows from last year.
Not much has been happening with Litecoin recently. We are still under the bearish trendline and we have approached a key structure level. If we break below this level, all the gains from 2021 will have been cancelled!
Either way we can look to make money. Watch for the market to make its move first and then get in on a retest.
Watch for price to...
Cardano has had a few attempts to break out this year but somehow manages to lose steam on its way up. We are now approaching a pivotal price 1.15 where we have multiple confluences for the upside. However if we break that level, we could see Cardano tumble much lower than the major bull run this year.
Again we have a descending trendline which we will be...