Rileytosin

Rileytosin

Pretty simple. There’s some consolidation below the support and the trend has been following the falling wedge perfectly. I will take a long position only on the breakout of the falling wedge and a daily fix above the support.

Rileytosin

There’s strong bearish bias because we are still under the 200 day moving average and there’s already been a retest and rejection. However, we are sitting on a strong key level at the moment. If we break below it’s probably game over for Alts for now, but if we break the trendline both on RSI and on the chart, I’ll be confident for a reversal.

Rileytosin

The price seems to be in an ascending channel and there’s sign of bullish momentum for uprise. We’re at the bottom of the channel and it looks like we’ve bounced from it. If this holds, then we may see a bullish scenario.

Rileytosin

Bitcoin has lost about half its value from ATH and it doesn’t look like the bottom is in yet. I’m looking at two scenarios from this perspective. 1. It appeared there is a major weekly support and resistance that could be played like a range. I’m not yet 100% for a bear market because this could still be an accumulation. If the weekly closes above that it’s major...

Rileytosin

As long as the daily candle closes above the 11.05 support, my priority remains bullish on Cake. That’s a historical support that has been maintained and there are indicators like the RSI with a bullish divergence and the MACD giving us a buy signal. Let’s see how it goes, I’m holding SPOT on this trade for about a week, depending on whether I realize my expected...

Rileytosin

DOGE has a good chance for uprise as it has bounced off the bottom of the range. This is a good point for entry imo because it’s almost a 2X at the top of this range and there’s also a chance for further upside if it breaks out of the range. MACD also giving a bullish signal.

Rileytosin

There are bearish sentiments in the short term but things are looking like the conditions for a bullish continuation could be met. I’m following the previous market trend to provide prospects for how the market could once again respond to those conditions. In the past, around May, the market flipped bearish and altcoins crashed into the 200-day moving average...

Rileytosin

its looking like a breakdown could occur of the descending triangle and if that happens I’m

Rileytosin

Beautiful chart here. BAKE has surely bottomed out and the only way forward is up. I don’t know when but it can be rigidly pumped anytime from now. I’ve taken position.

Rileytosin

When MNST breaks out of this large symmetrical triangle, I’m expecting a huge rally! For now, we wait.

Rileytosin

FTM is still young. There’s an attempt to break up this descending triangle which is bullish. Target is ATH or $4 if I’m brave enough.

Rileytosin

Link has accumulated for long and it’s time to move. There’s a break up of the symmetrical triangle happening right now and also a break up of the neckline of cup and handle chart pattern. I’m bullish!

Rileytosin

The levels I’m looking at are the horizontal lines in the chart. Ready for a rally if we break above the resistance trend line.

Rileytosin

Daily outlook on BEPRO is a beautiful chart for me. I’m super bullish on this network and the chart is my greatest inspiration right now. I see a cup and handle forming and the chart is primed to take off once we break above the pattern's neckline. Short term is also bullish, let’s see if this plays out.

Rileytosin

Bitcoin has formed a bull flag suggesting more upside to $58k short term, if we break above 56.6k. So many analysis predict 48k correction but I don’t see it yet until some conditions are met like for example breaking down this bull flag. I will update a multi timeframe Bitcoin analysis soon.

Rileytosin

Historically, the last time there was a bounce off the 200 day moving average, BEPRO rose over 5,000%. There hasn’t been a bounce like that off the moving average since that time and since the massive correction. As a matter of fact, when it acted as a resistance BEPRO fell even more. Right now three candles have bounced off the 200 day MA and it’s safe to say the...

Rileytosin

There’s a huge bullish divergence going on in the KuCoin chart and it may just be strong enough to get back to ATH. Right now it’s holding the trend line as well as the local support so an invalidation will be a break of both with a 4H candle close. If that’s not the case, I’m riding the token till it’s ATH.

Rileytosin

REEF is carefully riding this ascending channel to the top. I remain bullish on this. Reef may ride the channel until the $0.03 resistance and break through the resistance and the ascending channel then pump massively to $0.05. I’m holding my long position which I started at the entry point on the chart. I had taken profit earlier at $0.026 and took a position...