I draw some interesting support and resitance levels for ADA. Fundamentally I still don't love the fundamentals, but I think ADA will have a space in the sector. Perhaps ETH, ADA, DOT, SOLANA will coexist in an ecosystem together with different market shares and purposes. I think crypto investors have to have some exposure to ADA. Perhaps an ideal allocation...
Quick tips for new NFT buyers. No investment advice is given here. Use this only for information and educational purpose and these are only intended to provide a general overview of my little experience in the NFT world. 1. Size accordingly. Try to limit FOMO. 2. Most projects offer ambitious roadmaps, but very few will be able to deliver even 30-50% of what...
ETH needs to hold here or at least $4K. My expectation is that it will start to move lateral and with caution. ETH primary usage now has been the huge demand for NFTs. The space of NFTs however seems like the Wild Wild West, where investors and buyers (collectors) are having a hard time identifying the good projects from the rotten apples, which now I can say are...
ETH took off in the right direction with strong volume, confirming the inverse head and shoulders pattern with a measured move towards $5K. Now resistance at $4,390 is relevant, will need to push with strong volume there to break that supply zone, although recent action indicates it may be able to do it. I'm extending a bit that purple line to keep it in mind for...
ETH has to break resistance here around $3,853. I think now it should move at par with BTC as 0.06 seems like a nice support area of ETH/BTC, so I think ETH is preparing for a jump to $4,140 then to a measured move to $5K as volume comes. I'd favor a more bullish move until 10/21/21 but anything can happen here as the consolidation is good enough now.
ETH to BTC at 0.06 seems to be finding support with BTC at 60k. I think ETH has the potential to go up to 0.08 per BTC or around $4.8K-$5.0K in the coming weeks-months through 2022. The demand for ETH has been increasing to use it to purchase NFTs and other electronic memorabilia with utility or without, like virtual art, and other stuff. Demand for ETH will...
If ETH manages to beat the gravity force of this wedge, which is likely given the positive news of BTC ETF (I think it could actually be a sell the news event if ETH goes beyond $4.4) but if volume kicks in I would not be surprised if ETH flirts with breaking $4.4 towards $5K. Weekly chart looks good with positive momentum, but anything can happen in cryptoland. I...
I'd love if ETH could scape the gravity force of that wedge. Seems like it's doing a good job so far. Breaking $3860 would be great and needs more volume to break the wedge. I would not be surprised if it is rejected around $3860, as the setup does not look ready to me at least. I hope I don't jinx it but would love a backtest to $3600s in that red line, and if...
I spy with my little eye a possible Inverse Head and Shoulders. If confirmed and breaks red line it could take ETH past $4.5K in November. This is a 4h chart, with other potential setups in this wedge for longer term plays. But so far looks bullish.
ETH as behaving somewhat bullish but hit some supply zone here. Unless it can break US$3,625 it could test US$3,234. If breaks then we can see (A) at play then bounce likely. NFTs have been extremely bullish recently. Blue-chip projects starting to heat up, and seems like demand for ETH going up, especially if ETFs may be coming. No blue skies yet.
I have adjusted my prior analysis since the wedge broke. I think ETH/USD could go lower from here, perhaps down to US$2,300 then will start to move a bit laterally towards April 2022 as we approach the 2.0 merger. If merger fails to happen as expected around April/May due to any unforeseen execution challenges, then maybe we fall a bit more, and then as merge...
I've been talking about this wedge pattern for the last days, and it seems to be working so far. I'm expecting a bounce to $4.4K and be rejected down to point D $3.8k and then to perform a last move to point D at around $4.8k. Then perhaps some volatility towards $6k by december. So levels to add could be here for a quick trade, and if the wedge pattern fails then...
I think this could be a possible pattern for BTC from now until year-end. I know there are some people who think BTC is going down, but I think BTC already has proven to have a strong support at around $29.3k. We have a possible head and shoulders pattern completing shortly here as the measured move was precisely at around $29k which was tested and backtested...
Looking for sideway action here between 3455-3853 until end of September, perhaps until the third week. If that inverse head and sholders patters plays out, then expect a decisive move to all time highs perhaps $4,800 but that also may be a supply zone and will take ETH to backtest the triangle at around $3850 maybe more than once. Then by October it should take...
I think the ride with SOL has ended but who knows, this chart could be horribly wrong. I'm just paying attention to the fib levels and it seemed like SOL just topped. As I see a lot of overhang here it may tank or continue sideways. But I think I favor the tanking scenario with many bag holders left in the short term as size buyers sit on sidelines until dust...
I think this consolidation favors a move up in $LINK by the beginning of 2022 at around $50. Adding at around $24 seems like a good level.
Option 1> fomo and jump, but now looks toppy so this is the least likely scenario Option 2.1> I favor this scenario where ETH consolidates in a triangle pattern, then takes off by end of year Option 2.2> this could be another possibility in which ETH fails after consolidating into that triangle pattern which is just forming. Then fake and throwdown followed by...
I think ETH needs a breather over here, but it is hard to tell when it is going to top as there is too much sentiment. Looks like a top to me for now, and now some consolidation will start to kick in here likely. Some potential path outside that wedge and then after that. But to affirm this is just one possibility is a must. I think ETH could go higher from here...