Downtrend since last summer is broken and retested. The overall sentiment looks bullish. if the next resistance is broken we could see a nice uptrend. This will also do good for other altcoins within the oracle space. 21EMA and 50EMA getting closer to each other. If the golden cross happens we could fly.
Uniswap needs to break the current small downtrend since early February to continue bullish momentum. 21EMA and 50EMA are getting closer to each other. Moment of truth incoming. We will need more conformation before we know where we're heading.
Sushi needs to hodl support on the current range to continue further uptrend momentum. Overall neutral at this point. If the descending triangle breaks we could see some upwards or downwards momentum. Need more conformation before we can see how this will play out.
LTO keeps bouncing within the channel. Overall bullish uptrend. Hopefully this trend continous. Possibly a slight pullback before further continuation.
The downtrend since 26-09-20 is broken, resistance is flipped to support on daily and lower timeframes. Also, the 21EMA and 50EMA crossed a week ago, which also is a sign of an (upcoming) uptrend. I think that the overall sentiment is bullish, but we will see how this plays out. What do you guys think?
The Bitcoin dominance is at a crucial point. Looking at the channel construction it could break out to the downside in the upcoming weeks, which would result in an alt season. But, there is also a chance that the dominance will create first a lower high compared to the run in December. This would require a short upwards movement of the dominance, which would be...
Did hit the critical resistance for the 3rd time since 28 December. Small bounce since then. If the trend remains above the 9 MA this could become bullish. If not, price will likely fall to the 21 MA and then find support there. Overall looking bullish but heavily depends on what BTC and ETH will do the upcoming days.
Also forming a pennant on the calculated USD chart. Pennant decision an hour later than on the bitcoin pair. Could be an inverted H&S. Will mostly depend on bitcoin looking at the spikes in the chart. We will see how this plays out.
Decision moment around 2PM tonight short term. If pennant broken upwards, long. If pennant broken downwards, short. Also, trend is crossing the 50 MA at the moment.
Hard to say where we are going. Made some possible support and resistance horizontals If trend holds coming hours, we could go to range around ATH But, there also could be a H&S in place
BROKE LONG TERM TRENDLINE: - Trendline on BTC pair broken - Find support at earlier support levels - Making higher highs and lower lows ever since - RSI not extreme high
Could get a massive breakout in the next altseason
Looking at the VET/BTC chart, you can see that VET/BTC pair floats between a strong support and a resistance level that used to be the support before the last fall down. If this level breaks, I will be looking at the lower support levels which are at the green lines.
Looking at the chart, you can see that the spot price almost hits the support level that has been reached before the massive breakout. If the current support doesn't hold, I think that the support level may be reached again. Also, the sell volume increased in the past days, which doesnt show any sign of reversal. Will be looking close at this chart for the coming...
I am wondering what will happen to ICX when we look at the 4-hour chart. If we look at the chart we see that the volume is fallen and the MACD is currently bearish. On the other hand, ICX remained above the 50-EMA despite the huge sell-off after the 300% pump. I am waiting for more clear signs to take a position. What do you guys think?
Looking at the WANBTC chart, it's hard to tell which direction we're going. On one hand, the volume is falling and the MACD crossed a couple of days ago. (Bearish) On the other hand, if u look at the bigger picture WAN is in an uptrend. Also, if WAN can remain above the 50 EMA I would suggest that this is a normal correction after the 25-30% spike. What do you...