At one point, FIDABTC just stops dropping, after a strong downtrend and starts to go up. It goes up based on a very strong bullish breakout that ends in a higher low; now being followed by a bullish continuation. ➖ FIDABTC is producing a strong volume breakout today as it moves above EMA50. As soon as EMA50 is conquered, when the daily candle closes, mid-term...
Synthetix (SNXBTC) has been producing higher lows since June 2023. You know what we say, higher lows lead to higher highs; long-term higher lows will lead to long-term higher highs. On top of the obvious rounded bottom and higher lows, we have the falling wedge, very strong daily candle and volume breakout. These are simple signals but combined they become...
Starting June 2022 through October 2023 is the consolidation phase... Let me show you the chart without the logarithmic scale, it shows quite clear what I mean. See what I mean? It is basically flat after the bull/bear market. This type of action always precedes a new trend. The question would be: Which way is it going, down or up? After the major bull market...
Quite the boring title you have there, it leaves no room for guessing. We are looking at a weekly timeframe and the current session trades at the highest level to the upside since July 2022. Last week closed full green and so far this week is full green as well. Uniswap strong bullish bias confirmed. A 525 days long consolidation pattern has been broken to the...
A giant ABC, a massive long-term correction lasting 903 days is coming to an end... Or so the chart says. Uniswap (UNIBTC) has been dropping since May 2021 and finally support seems to be found late October 2023. A change of trend now would signal the end to the longest bear-market ever for this pair and would also indicate that the Cryptocurrency market is...
We can spot a perfect bullish impulse starting the month of October 2022. NVIDIA Corporation's valuation grew by an astonishing 590%. After the fifth wave we get a correction. We have a rounded top and a very strong bearish divergence with the RSI. Today's session is full red pushing price action below EMA10. As the action moves below EMA10 the bias turns from...
We will look at the RSI divergence but first, let's focus on some candlestick reading. The hammer candlestick pattern can work to signal an upcoming reversal. The main requirement for a hammer pattern to be valid, after the type of candle itself, is that it must show up either at the top or bottom of a trend. What this means is that a hammer mid-way through a...
The 4,743% bullish wave by Travala between 2019 and 2022 lasted a nice 356 days. The bull-run phase alone lasted about 6 months. Imagine how such action would look and feel like today, with Bitcoin currently at 50,000+? ➖ If AVABTC produces a relatively weak wave, it would grow around 250%. This the Altcoins do on a weekend. ➖ A mild wave can produce 675%...
Good day my fellow Cryptocurrency trader, I am hoping you are having a wonderful week so far. We have another nice, simple and beautiful chart right here... And we are looking at right now! The left side of the chart today we are calling the "local downtrend." We can easily see this depicted with black lines. ➖As WOOBTC moved to break this descending channel...
Zcash vs Bitcoin (ZECBTC) has been dropping since June 2017... We will start this one with a long-term chart. ➖ For the first time ever, a double bottom pattern has been established, a short-term one. ➖ ZECBTC hit a low in January and later confirmed it this month, February. ➖ As soon as this event happened we had a nice increase in trading volume a break of...
We have the Cup & Handle or break and retest bullish pattern. After a strong, initial bullish breakout there is always a retest of support. If the pair in question is set to continue bullish, this retest should end in a higher low; just mentioned this signal in ALICEBTC. ➖ We can see a falling wedge pattern short-term; ➖ We can see a cup and handle pattern...
The minor bullish wave starting late October through December 2023 is the initial bullish breakout. When a Cryptocurrency trading pair breaks out of a major low, there is always a retest of support. If the pair is to continue bullish after the initial breakout, the retest ends as a higher low. This is the case for ALICEBTC. ➖After a higher low we also have a...
This is a pair we love and like, maybe because it has been around for so long or maybe because we have memories of those huge gains in years past... When there were only few pairs around to buy and trade. Siacoin (SCBTC) has been growing since the 23rd of October 2023. It is mapped on the chart as the market bottom/low. Currently trading above EMA50 weekly and a...
The last four days closed red on the LINKUSDT trading pair. A common signal across all pairs showing top potential is the decreasing volume as new highs are hit. The decreasing volume is accompanied by a bearish divergence with the RSI; somethings weak, sometimes strong. In the case of Chainlink, the divergence is four months old. Just closing below EMA10...
HARDBTC hit a low June 2023 followed by a lower low October 2023. After a price bounce in October, two months of a retrace led to a higher low. While the current action is happening below the June 2023 low, this is still within the support range and a higher low compared to Oct. What this means is that bullish potential is intact. The December bullish wave is...
This 2024 Elliot Wave Theory wave count has never been seen before... Good day my fellow Cryptocurrency traders, readers, supporters and chart analysts; how are you feeling today? Let's consider a full wave-count of the current market regarding Bitcoin's long-term (weekly) chart. This is a mental exercise and intended for learning and entertainment purposes...
We have mainly two signals here but we can work with these: 1) Falling wedge pattern 2) Rising vs decreasing volume The falling wedge pattern can stand on its own as a bullish signal. It denotes a major downtrend and when the action reaches the apex of the pattern, it can signal that a reversal is really close. As we get to the end of the pattern a new All-Time...
Let's dig out the truth and ask the chart... My question is the same as yours, "Will Cardano proceed to hit a higher high and continue higher in the coming weeks and months?" It is a fair question and to be honest, it is impossible to say for sure. All we can do is read the chart and the market and make an educated guess based on available data. Here is the...