Hi Traders, Hope you've all been well! Over this Christmas period there's been a huge accumulation in orders. We've currently at the end of the the current bullish flag formation. So we'll probably see a test/ breakout towards later tonight as the asian market tends to see the greatest movements. If we break $28500 we'll most definitely see a test of $30000 as...
Hi Traders, Price found resistance around the $50 mark which can be considered a psychological level too. The rejection was large as the price of oil has been in a bullish trend ever since the hoped of a vaccine came out. The velocity of the rejection can also be thought to be in combination with the way economies are dealing with the distribution of the vaccine...
Hi Traders, XRP has squared off the last upward move as expected and explained on our last post. The next move will be to expect price to rise and find resistance at the $0.55 area. When looking at price action it looks like we may see a deeper retrace down to the $0.35 area as this is where we have huge demand, if this is so it will mean that XRP will solidify...
Hi Traders, It looks like ETH has completed the squaring off of its last upward move. The next supply zone will be within the grey area. However, price may decide to look for further demand, if this happens we will be looking at a much further retracement. Thanks The Market Sniper Team
Hi Traders, We're back with another update. BTC has retraced to the grey area shown on our last post. Here we can see huge previous demand side volume. It would be wise to expect a short term trace back up to find resistance. However, there isnt much strong support further down but if we break the grey area we would like to see a further move down to the...
Hi Traders, My lost XRP showed that price was consolidating between the two grey boxes. Price had found supply in the upper grey box to then move lower and finally break the lower box and head towards the next supply area which squares off the last upward move. XRP moves differently to other crypto and tends to be a lot more volatile meaning we see bigger swings...
Hi Traders, New week for crypto. Over the weekend we've seen LTC push higher and make new higher highs and higher lows before more recently making a correction. Currently we're testing the 0.5 fib but we would like to see it retrace to the grey box 0.618/0.786 fibs as that is where we have seen solid previous supply. Thanks The Market Sniper Team
Hi Traders, An update on the last post, it seem price has found some resistance at $103, just shy of the 0.382. Like all the major cryptocurrencies there hasn't been volume confirming the move back up, which leads to thinks that price could seek further support. Thanks The Market Sniper Team
Hi Traders, BTC may have found demand at £22300, volume isn't necessarily supporting this move back up so it would be desirable to see some come in. Thanks The Market Sniper Team
Hello Traders, It looks like XRP has potentially found support at 0.5 Fib, however there hasn't been much volume to support the move. If price pushes back up the top grey box will be the area of some resistance. We'd like to see volume increasing to confirm the strength of the move. Thanks The Market Sniper Team
Hello, LTC is currently one of the coins with the biggest potential. Its extremely bullish. Broken out from the ascending triangle with high volume and increasing accumulation. We will look for a retrace to the 0.618 Fib as it levels off nicely with past resistance. Thanks The Market Sniper Team
Hi Everyone, A quick ETH update. We broke out of the ascending triangle. Currently looking for the retest of the top of the triangle, if we do not find support here then price will most definitely come down further to one of the fib levels. The preferable level is the 0.618 as it line-up nice with past resistance. Thanks The Market Sniper Team
Hello Traders, Quick update on our last BTC post. BTC has broken ATH with a lot of accumulation. Currently searching for a supply level to then push higher, we will get a better understanding of the strength of the move up depending on the level it retraces at, these levels are 0.382/0.5/0.618 Fibs. Thanks The Market Sniper Team
HI Traders, Here we have an update to our last XRP post. We broke out from the channel and now testing resistance levels as well as support levels. We would like to see a retrace between the 0.5/0.618 levels as this is where the next supply levels are at. Probably looking at new al times after the Christmas and New Years period. Thanks The Market Sniper Team
Hello Traders, Thought it would only be right but do an a quick analysis on LTC. No doubt this coin has major potential. Still no way near its all time high giving us great potential to cash in some trades. It looks like LTC is following similar trend to ETH, also forming a ascending triangle. As BTC has broken ATH it could be an indication in combination with...
Hi Traders, We have an ETH update here. ETH looks like to be in an ascending triangle. The next major resistance level is at the 0.5 fib pulled from the all time high. Thanks The Market Sniper Team
Hi Traders, Crypto is absolutely flying! BTC has broken its all time high. Its just retraced and testing the top of the channel which is indicating its looking for new resistance and support. The $21800-$22000 zone would be the next area to look at. Thanks The Market Sniper Team
Hi Traders, We have here an update on crude oil. Oil is still extremely bullish, the red candle on the 14th Nov, (circled on the chart) clearly shows a test of support as well as testing the ascending triangle. However, we must be careful as there are fundamentals to watch out for. The biggest one being the vaccine. As the vaccine continues with distribution as...