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...
Injective definitely surprised me... This was a project that I was not aware of, so I missed the entire wave. I am a fan of catching the bottom, low prices... "Near support." I am not a fan of shorting, down waves or corrections, this is for experts only because there are many disadvantages for going SHORT compared to going LONG. But I use logic to approach these...
➖ This is a regular ABC correction: The top of wave b is lower than the start of wave a. ➖ In the irregular ABC correction, the top of wave b is higher than the start of wave a. On the 15th of February, Avalanche (AVAXUSDT) produced a lower high compared to 24-December 2023. This is true for many, many Altcoins. Some Altcoins though such as Binance Coin did...
XRP Has been moving within a descending channel. We can see how the upper and lower boundaries are tested in sequence; it bounces back and forth. In late January the lower boundary of the channel was tested twice and a total of three times in the entire month. On the bounce, XRPUSDT failed to reach the upper boundary, and this is a bearish signal. Match the fact...
After almost 13 years of bullish action, Microsoft Corp. (MSFT) is about to enter wave c of a major ABC correction. The RSI peaked Feb. 2020. (A multiple years long bearish divergence.) Wave b hits a higher high compared to the start of wave a due to the side-effects of monetary expansion. Since monetary expansion was strong in the year 2020/21, this...
Good Thursday my beloved Cryptocurrency trader, we have a great chart ready for you today. Flux Network (FLUXUSDT) is coming out of new All-Time Low and is showing the strongest possible combination of bullish signals... Let's dive in! On the 04-Sep session we have an inverted hammer bullish candlestick pattern, this pattern shows up at the end of a trend to...
We are going to look up close because our goal is to see if there is reversal potential, as the correction has been going long enough and the market is turning all around us. Algorand hit bottom in August. We have a higher low in September and a higher low in October (yesterday). Yesterday's session ended as a Doji which is a reversal signal. This session also...
Numeraire (NMRUSDT) looks ready to produce a bullish explosion... Let me show you. Feel free to boost and follow to get started! Bullish signals Trading above all moving averages (EMA50/100/200/300 & MA200). Low volume above resistance. Very strong RSI. Higher lows since June 2022. Green Monday. Fresh start to the new week. All these signals are...
In mid-April 2023 Secret Network (SCRTUSDT) starts a strong decline. Before this date, the trading volume was completely flat. As the drop develops, we see an increase in both bearish and bullish volume; days closing red as well as days closing green. On the 4th of August, bearish volume peaks. While the drop continues, buyers start to outnumber the sellers. On...
VIDT DAO (VIDTUSDT) has been green the last three weeks with the current one closing in 25 hours. ➖ Three green weeks as a rounded bottom develops. We also have an inverted hammer as the first green session after the low was hit. This candlestick pattern shows up to indicate a potential reversal, it only needs confirmation and two additional green sessions is a...
Dusk Network (DUSKUSDT) is one of the old-timers, people remember it from the last bullish cycle. This pair is strong compared to many others as the bottom was hit late December 2022, no new lows 2023. Volume started to rise late January and the consolidation phase, between June and October, was marked by whale accumulation. ➖ First the bullish wave in early...
275% Is not much by Cryptocurrency standards, but it is actually really big if you think about all the times you actually hit such a trade. Some people can say that 275% is "not that big", they want 100X but 275% is actually really good when we think in real world value of the capital we use to trade. Siacoin (SCUSDT) stopped going down a long while ago, in...
👉 The middle of the range sits around $35,000... The next support level has been confirmed within the $34,000 to $36,000 price range. Good Friday my fellow traders, how is this day treating you so far? ➖ Bitcoin is peaking/peaked after a higher high that continues to exacerbate a strong bearish divergence with the daily RSI. ➖ Yesterday's session high closed...
It is the end of a cycle; A more than a year long bullish wave. Amazon (AMZN) did not reach a new All-Time High as many of the other top world companies did. July 2021 at 188.65 will remain the peak. AMZN produced a super-strong bearish signal in the form of a bearish engulfing pattern last week and this at the top of a major trend. These signals are pointing...
It was such a great time, can we say? It was such an incredible journey and it lasted more than anything our best predictions could predict. It is a fact that we now know; The market is a living entity and it appears to adapts to our feelings, to our emotions, to our psychology and specially to our thoughts. It seems like the distant past when Bitcoin hit bottom...
Early signals I should say because things can always change... Apecoin (APEBTC) moved and closed recently above EMA50, opening potential for mid-term growth. With a close above EMA100 this potential would be confirmed but we are not quite there yet. We have a bottom pattern, average volume and a strong RSI. These signals are good but the really important part...
It is likely that Tezos (XTZBTC) already hit bottom... Let's consider this weekly chart. We have a major downtrend that started in the year 2020. In 2021 there is a relief rally and followed by the resumption of the bearish trend. It is easy to see lower lows with decreasing volume until present day. ➖ Welcome to the year 2024. As the year starts we soon see...