FutureBlockchain

FutureBlockchain

Hi guys, In the light of the upcoming Kusama parachain auctions, I think it's quite reasonable to get involved in KSM. Even more when the technicals are pointing to an imminent breakout. I will be looking for a 4-hour and 1D candle closes above the $570 levels with next target at $740, 30 percent from here. Possible retrace to the $480-$500 support zone, around...

FutureBlockchain

Hi guys, Just a quick thing I noticed on the BTC chart today. I know it's not a perfect diamond put can put definitely consider it a food for thought given the recent weakness from BTC. A potential break below the lower boundary of the diamond pattern will drag the price of BTC down to $41,000, which is roughly a 23 percent correction. Stay safe

FutureBlockchain

Hello guys, Quick idea here The CAKE/USDT pair continues to move in a short-term downtrend. Now the bull flag pattern has reached the previous horizontal resistance (and our target from the initial call when the price was $22), which turned into support. From here I expect a reversal with the next target marked on our chart. The daily chart is in line with the...

FutureBlockchain Updated 

Hello all, The ETHBTC pair performing quite well recently and is without a doubt the most important chart in crypto when it comes to altcoins performance. What I notice looking at the Weekly chart (below) is that the 0.35-0.37 zone was the critical one to surpass to initiate a bullish reversal. The solid resistance zone was also where the 21-day EMA was situated...

FutureBlockchain Updated 

Hello all, In the light of the recent very good breakouts against BTC (ETC,LTC,BCH etc), I would like to put your attention on another interesting pair. This is the YFIBTC (Yearn.finance), which is looking pretty interesting. First we go do the 1D timeframe where we saw the coin bottoming around 0.58 at the end of March after an exhaustive downtrend and a...

FutureBlockchain Updated 

Hi all, Potential falling wedge formation on daily for the AVAXUSDT pair on Binance. I will be looking for a breakout confirmation above the horizontal resistance to open longs, around $38.5 probably. The falling wedge can result in a solid upside reversal with first target around the previous ATH and the second at $86 or 150 percent from the current price...

FutureBlockchain Updated 

Hi all, SKALE looks interesting given the rise of Layer 2 solutions and the Elastic sidechain solution SKALE is offering I think it has an upward potential. Let's look at the technicals we are currently at a break point. You can clearly see that on the daily chart, both the diagonal and horizontal resistance levels meet in the $0.75 zone. I would say that a...

FutureBlockchain Updated 

Hello all, This is another update for the ENJUSDT pair that I'm monitoring and holding for quite some time. Both the fundamentals and the technicals are quite strong for this one and I can see it easily double in value if the strong general market uptrend in the altcoins remains. As visible on the daily chart, we are currently at stage 4 in the pair's cycle...

FutureBlockchain

Hello all, BTC failed to break above the upper boundary of the $56,000 - $59,500 range and is currently trading even below the $56k level. The move prevented the biggest cryptocurrency from reaching the March high at $61,100, which brings some painful memories of the 2017/2018 market reversal. Let's have a look at the 4-hour chart from December 2017/ January...

FutureBlockchain Updated 

Hello all, A quick trading idea here: It concerns Balancer's BAL token, which is now back into the macro uptrend channel after making a 37% retrace from its all time high back down to the demand zone near $45. I will be looking for a breakout in the current around the diagonal resistance on the 4-hour timeframe: 4-hour candle closure above $55 is our...

FutureBlockchain Updated 

Hello guys, We are experiencing yet another market correction, which once again split the market analysts and traders in two groups - some of them pointing to a bearish reversal while the rest were quick to calm the audience by drawing an unbroken market structure. As we all know, we cannot predict or foresee what the market will do, so as a successful traders we...

FutureBlockchain Updated 

Hello all, The CAKE/USDT and CAKE/BUSD pairs run like clockworks these days. Even during the weekend drop, all major levels were respected and the price reacted perfectly upon touching them. Yesterday we saw the pair dropping all the way down to the very, very solid resistance at $19, so now I think we can assume it turned into support on the daily chart (yet to...

FutureBlockchain Updated 

Hello, Quick idea here: The SKL/USDT pair broke above the diagonal resistance on daily, which is giving us a good buy setup today. Approximately 20% up to the previous high. I'm just waiting for confirmation and 1 or 4-hour close above the horizontal line marked below: Stop-loss below the 21-day EMA. Cheers

FutureBlockchain Updated 

Hello, ENJIN is more than 2500% up since January 1 and as we can see on the daily chart, the general uptrend is intact as the price keep climbing in a well defined channel. IF the general crypto market bull run is to continue and is extended in the coming weeks to months then we can see points 1 to 4 on our chart below repeat again thus causing another good run...

FutureBlockchain Updated 

Hi guys, CREAMBUSD could be a good pair for selling given the recent 70 percent rally that looks overextended to me already. A rejection in the supply zone will be a sell signal down to the $130 zone. I will be looking for a move below the 21-day EMA and the uptrend line on 4-hour. A close above $180 will serve us as trade cancellation signal Other than that...

FutureBlockchain Updated 

Hi all, I will be looking for a potential long positions in the current zone based on the assumption of a consolidation around the previous all time high. The resistance will now act as a support and a new demand zone to trigger the uptrend continuation towards $50 and above. The fundamentals behind Polkadot are quite strong, so there is a chance it will be...

FutureBlockchain

Hello all, Bitcoin is still trading in an long-term uptrend corridor as visible on the weekly chart below. On the other hand it's been quite static since mid-March, basically hovering around the $60,000 level without being able to make a solid breakout. This helped the major altcoins like ETH and DOT to compensate and try to catch the biggest digital asset....

FutureBlockchain

Hello, The Polkastarter token POLS looking ready for a breakout if it manages to move above the diagonal and horizontal (weekly) resistance area around $4.47. We will be looking for a support in the current area - $3.9-$4 where the 21-day EMA lies, with the uptrend diagonal support also sitauted nearby. Target: Last visited high at $5.5 - 35% precent from the...