Nice consolidation, aiming for a bullish wave continuation.
AVAX respecting the local uptrend support and pushing for the breakout on the $18 resistance:
Today let's focus on BNB. As you might now Yesterday it completed the 22nd Token Burn, vanishing with it $575M worth of BNB coins, which as usual, had an impact on the price, but most importantly, these burns are long term bet for price sustainability. It remains also as the main active chain, with 6,5M active addresses just during the last week. From the...
Today we are back taking a look into XRP, which despite the initial rejection continues pushing non stop to breach the 40 cents resistance and the local downtrend. Really good recovery both Yesterday and today. The volume input remain quite high and most importantly really stable... As commented other times, forget about your feelings regarding Ripple, if there...
Let's take a look now to one of my favourite coins from the Fundamental Analysis point of view. Which now, is getting super spicy TA wise too. It's Cosmos (ATOM) After the main breakout 10 days ago, we had a correction during the week as with most of the coins. ATOM managed to bounce exactly on the old resistance turning it into support. And Today is breaching up...
Yesterday we saw the first minor correction for BTC, just exactly as we have been commenting since Monday. There are no reasons to panic...so don't panic sell, don't panic buy either. Just patience and let's stick to the plan. Reminder: 🔔 I think we are still due for a minor correction and is when I'm planning to start entering. I'm thinking about two...
Sometimes is better to keep the things simple. So I forgot about all the fancy indicators and focused on the old good horizontal ranges. Considering this scenario, we are currently facing the first local resistance range. But the real deal comes at 30 cents. The most relevant level on the whole chart. Once we break that level I would be full bullish on XRP for...
After the confluence of a falling wedge (blue lines) with an Inverted Head & Shoulders (red line is neck), forming over more than half a year, we got an impressive breakout setting the path for the upcoming months. After a few days of accumulation, we went for the first test of the $9,200-$9,000 range, to slightly correct after testing a local horizontal support...
The next two weeks will be key to see if Bitcoins goes for a retest of the channel resistance or visit new lower lows endangering the $3,000 support. Falling wedge squeeze continues getting closer to decision point while matching with a potential double bottom based on the local lows of mid December. Volume reaching historic lows and sunk in the downtrend. A...
Big Caps Index | Looking great here: - Breakout of the falling wedge. - Retesting the resistance as support successfully. - Potential Inverted Head & Shoulders on the making. Indexed: $ETH, $XRP, $EOS, $LTC, $IOT and $XMR. #CryptoCurrencies #Blockchain #Bitcoin
- Falling wedge squeezing. - Potential fractal on play. - Major horizontal support. - WT and RSI full bottomed. - TDI bounce on support.