There is a lot going on with this chart, and it all looks bullish. First, had a perfect retrace to the .618 fib after the crazy run to start the year. $SXP bounced well from that area and challenged the local high of the $3.80 range. We have retraced and bounced off of support in the $2.75 range. It appears that we are forming a nice cup and handle pattern here....
This might be one of the best set ups out there right now and I haven't heard a lot of people talking about it yet. $VET broke out and made new all time highs last week. The price has fallen over the last few days and has formed a bullish falling wedge on the 4hr. We have retested the previous all time high from February and it appears we are flipping the...
BTC looks like it is ready to make another leg up. Beware that there could be a cup and handle forming. $52.2K is a good support zone that I will look to buy at if BTC starts to show weakness. I use a fractal from Late January to Late February to predict possible price action. Buckle up, this could get interesting.
$LUNA broke the $7.55 resistance on Friday with high volume (Bullish). It went on to create a new all time high of $8.95. There has been a healthy retrace since the new ATH was set. Volume has been decreasing with the price as well (Bullish). I will be looking to buy in the $7.60-$7.70 range. Using Fib extensions, it looks like the next fib resistance would be at...
$AAVE is looking primed to make a run. We have seen a nice retrace from it's all time high back in early February. It has tried to break $407 a few times. If we can get a daily close above $407, I am a buyer. There is easily 20% upside and that is conservative. On top of flipping resistance into support, the MACD is looking to flip bullish as well. This could be...
XRP/USD is forming it's third falling wedge pattern since September. If we see a breakout of the smaller falling wedge we could see a breakout of the larger wedge. I anticipate this to happen as you can see the volume has consistently risen since December 2019. A breakout really isn't a breakout unless there is volume and that is what we have. If we can break out...
ICXBTC looks primed for a run. We had a perfect retrace to the .618 fib and have broken out of the falling wedge. If volume kicks in, this coin could really fly. We are looking at a minimum of 10% return on this trade. The returns below are based off of the location of the resistance levels. 10%/18%/28%/53%
As you can see there is a bullish divergence on the XRPBTC 1D chart. This recently happened just 6 months ago between August and September 2019. We saw a 35% increase followed by a 38% increase after the first retrace (20%). We are in an eerily similar situation right now. We just saw a bullish divergence take place between December and January. We saw a 34%...
There appears to be a bull flag forming on the $INS chart. If we can close above the upper resistance, i anticipate us to see a 20% increase at least. This is a hot coin right now and i think this chart looks healthy. This is all coming after $INS turned support into resistance. If the flag breaks down, I would anticipate price to touch the bottom of the wedge. As...
Alright, buckle up because this could get interesting. As you can see there is a massive falling wedge leading right into the 200 day EMA line. The last time $LINK touched the 200 day EMA there was a 10.5X spike. I'm not saying we will see those gains this time but I do believe that a big spike is around the corner. I do expect price to fall a little bit more over...
ETH/USD is looking like a good potential buy right now, especially if price can break out of the falling wedge. The biggest thing i noticed from this chart was that there is a bullish divergence between price action and RSI. This is a great sign and i anticipate price to touch the upper resistance within the next two weeks. This would be about a 50% gain. I think...
LINK has been in this consolidation zone between $1.97-$2.84 since July 14th. We are actually in a downtrend channel within this zone though. This may not be a totally terrible thing though. If you look closely at the RSI chart at the bottom, you can see we are in an UPTREND channel! This is what we like to call a bullish divergence! Granted we have broken out...
I have been charting XRP/BTC a lot lately but it's because something big is coming. We are sitting in the heart of the buy zone and honestly, we won't be here for much longer. There is an ascending triangle forming on the daily chart and if we breakout we will test 3350 sats (25% gains). If you look back on my other ideas i have posted about XRP, we are waiting...
This REN setup looks incredible right now. This support line has been tested 3 times in since late May. Each time price has touched the line or come very close, price has spiked 95%/143%/131%. A lot more people know about $REN now and are aware of its pumping ability. 130% price target from here is more than reasonable. If history repeats itself. 812 sats is a...
XRP has broke out of the falling wedge and has been in an uptrend since August 9th. The next MAJOR resistance is the thick red line. This resistance dates back to the ATH. The MACD on the 1D has flipped bullish and is so close to flipping bullish on the 1W. (Look at my previous analysis for that. RSI is about to flip above 50, which is bullish as well. If price...
Again, keeping this simple. There has been a HUGE uptick of volume in $ONT which is a must have even if the perfect setup is there like this one. Has broken out of the falling wedge and it was waiting for volume support. I have outlined the three price targets. There is MASSIVE potential for gains in this coin over the next couple of days.
Keeping it simple here. Obvious breakout of a falling wedge, super high volume and a bullish MACD cross on the 1h chart. BIG BUY. Could be a double top or a cup and handle in the future. *This is not financial advice. I am not responsible for any losses of money.*
Unfortunately, $LINK does not look the best right now. If the current support is broken, I anticipate price to fall and test the $2.00 range. If that support is broken we will see the $1.75-$1.80 range. The thick black line is VERY strong support. If we reach that price, I will be buying heavily. *This is not financial advice. I am not responsible for any...