FutureBlockchain

FutureBlockchain Updated 

Hello, We all remain bullish for ETH in the longterm, that is the truth given the really solid fundamentals. But we have to think of protecting our assets and eventually capitalize on the profits instead of giving them to the markets. So, the ETHUSDT pair successfully broke above the diagonal resistance and the horizontal one near $1,890, which of course was...

FutureBlockchain Updated 

Hello, I've been looking at Elrond (EGLD) for quite some time now and I think it's one of the most undervalued altcoins right now. Given the good impulse we are seeing in ETH, especially versus the BTC, it is quite possible we see an altseason revival this April. The EGLDUSDT pair moved above all major EMAs on both the daily and 4-hour timeframes. What I'm...

FutureBlockchain Updated 

Hello guys, Binance Coin is flying on some solid fundamentals recently, mainly related to the upcoming listings on the Launchpad platform, which will require significant BNB accumulation from the participants. I won't go into the details here, but the BNBUSDT pair is already 11 percent up today. What I see here is a potential for a run towards the current YTD...

FutureBlockchain Updated 

Hi all, XRP is looking quite interesting recently, now nearing its first serious area of resistance on the daily chart since it started moving upwards a few weeks back. If we see a break above the $0.57-$0.60 zone we could expect another run up to the YTD high, which is located at 32% from where the price is situated now and 25% from the upper boundary of the...

FutureBlockchain Updated 

Hi guys. I will be quick here. Plain and simple MATIC looks done with the correction and ready to break above the diagonal resistance. I'm just waiting for quick confirmation and a close above $0.35 on the 1-hour timeframe to open a long with a potential gain of 10 percent at least. Regards

FutureBlockchain

Hi all, ETH remains intact in the uptrend channel, trading closer and closer to its lower boundary on the daily timeframe. The action reminds me a lot of what we saw back in July-October 2020 - aggressive rise leading to a momentum peak followed by a 30% correction, then a narrowing price action towards the diagonal support as part of the uptrend corridor....

FutureBlockchain

Hello guys, No need to panic here. Just a look at the bigger picture and you will see how intact the uptrend remains for Uniswap. Given the solid fundamentals around the upcoming exchange version 3, I don't see a reason for a selloff or a market-caused depression lol. I see a similar pattern for most of the majors that popped up after the last bull run- LINK,...

FutureBlockchain Updated 

Hi guys, Switching to the line chart here as there is too much noise in the price action recently. This is the 4-hour timeframe where we see a clearly defined downtrend channel. Now, taking into consideration we are still overall bullish and this is just a simple correction along the way, I can see 2 possible points of a reversal here. First: The current level...

FutureBlockchain

Hi all, Just like with BTC, there is a bearish divergence for ETH. We could also see how the price reacted once it touched the upper boundary of the rising wedge today. Not looking good. A correction to $1,530 is quite possible, so will be monitoring the development here. Cheers,

FutureBlockchain

Hi guys, A quick one here. This is BTC, 4-hour chart. Looks like will be hitting the upper point of the cycle here, with $49,000 as the last possible peak before a down break. There is a rising wedge formation on the lower timeframe, which combined with the bearish divergence and the horizontal resistance around $48,000 could drive the price back down to at...

FutureBlockchain

Hi guys, Looking at the 4-hour chart and if we exclude the so-called "Musk candle" we can see that BTC is unable to surpass the diagonal resistance at $35,000. Actually, we can already see few wicks above it that were immediately eaten up by bears. So, if the $34,700 horizontal support is broken and could not provide the required stability, I would open a short...

FutureBlockchain Updated 

Hello guys, Just a quick trading idea I came up with today morning on the 4-hour chart. I haven't changed it since I still think it is the most probable scenario for ETH if we consider the bull trend as valid. So, the ETHUSD pair is in an uptrend channel since the beginning of January and it is trading within its boundaries for almost 4 weeks now. The $1,230...

FutureBlockchain Updated 

Hi guys, The situation for LINK is pretty much the same as the one we just commented on in the ETH idea. An uptrend channel, which in the case of LINK is very close to being broken to the downside. If it doesn't hold up, I will be looking at the zone around $20. I drew two possible scenarios this morning and by the looks of it, we are taking the "longer" one,...

FutureBlockchain Updated 

Hi guys, Bitcoin has been on its way down since yesterday when it hit $34,800, but we might have to wait a little more before hitting the bottom. There is another bear blag being formed on the 4-h chart. Basically, all gains from yesterday were erased and we are still below the 26-day EMA on the daily chart. Still, the big bull flag on the daily chart is still in...

FutureBlockchain

Hello guys, Here is my take on what is happening with BTC right now. Daily chart On the daily chart (the main one under this idea), we see a big bull flag pattern currently being formed. As the highest point, we take the all-time high of $42,000 where we also put the start point for our downtrend reversal Fibonacci retracement. The lowest point will be...

FutureBlockchain

Hello guys, We are seeing a slight reversal in the BTCUSD trend since we touched $28,800 during the Asian session. All eyes on the $32,000 horizontal level - previous support on the daily timeframe, now could be te turned into resistance in combination with the 4-hour chart 200-day EMA. If surpassed, then this will open the door for recovering to the $34,800...

FutureBlockchain

Hello guys, The United States Secretary of Treasure Nominee, and former SEC chairman, Janet Yellen suggested "curtailing" cryptocurrencies due to the risk they pose for the system. She pointed fingers at Bitcoin calling it a proxy for illicit activities. In the meantime, the DXY index made a sharp upside reversal reaching 90.703 during intraday. These two events...

FutureBlockchain Updated 

Hi guys, SNX is one of the best coins to trade recently, posting some serious gains. It is now flirting with the lower boundary of the uptrend channel on the 4-h chart. It is a good opportunity to add some coins to the positions. Targets in green Resistance in red Stop at the 50-day EMA Regards