lalayev

lalayev

ADA failed to make higher highs consecutively and thus formed and is trading within the down channel. Expecting to test 0.5 fib and 0.382 fib before breaking out from the channel. Green line is a support line since the beginning of 2021 rally.

lalayev

TRY has been weakening against USD for a long time. Last week, Turkish Central Bank slashed its key interest rate to 18%, and the inflation in the country is more than 19%. From USDTRY log chart we can see the clear uptrend and the price movement is tightening forming a rising wedge. The ratio is climbing but with lower and lower momentum. RSI is also...

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ETH versus BTC is continuing to trend in a downtrend channel after breaking down from rising wedge. Red area is a demand zone, and I expect a pullback there before breaking up from the channel.

lalayev

AVAX has been holding strongly despite volatile BTC swings and is trading in uptrend channel. AVAX has reached its first fibonacci extension target, and is oversold at 4h. Expecting it to retrace to 0.618 level where the support of the channel lies. Next TP is at 1.618 Fib level.

lalayev

XRP has bounced from the support of a downtrend channel. Expecting it to hit $1.05 before making another low to a huge Support/Resistance zone at $0.70-$0.75. Breakout from the channel above $1.10 invalidates the theory and should make XRP advance to the upper line of the long-formed triangle since April 2021.

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Ethereum failed to make higher high, and now is on the way to form head & shoulders pattern in 4h timeframe. I expect a slight bounce at these levels ($3,000-3,1000), since 4h is oversold on RSI. The next level to watch is the read area, where the S/R is.

lalayev Updated 

After breaking down from H&S pattern, Bitcoin managed to bounce from $30,000 level and retest the neckline, where strong rejection came in. Now, Bitcoin moves in an ascending wedge pattern. I expect it to hit mid level of 50-51k and then break down from it. In order to take out the new highs, Bitcoin would need to close higher than the previous high at $53,400.

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ETHOS is the firs altcoin to refrain from making lows alongside its peer alts. Looks like it has found a bottom at 735 Satoshis. Since then, no matter of BTC fluctuations, ETHOS had been acting as a no-altcoiner, and these are definitely not an inadvertent movements :) Needs time to break up, working with fibs now. Also, bolstered with a good uptrend support line.

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Bitcoin CASH broke the uptrend line and had been making lows ever since. 0.5 fib is now the resistance line that it needs to surpass to get back in action. The red line is a support that I am looking at currently. With current market situation, it looks like it will reach it.

lalayev

Alts market cap has been increasing, thanks to a vigorous Bitcoin rally. Alts are suffering whether BTC is moving up or down, so, generally speaking, it is a no-brainer to get out of alts positions at every pump provided. The market cap bounced back from a general uptrend, and it looks like it will move to the upper borderline, if it is able to hold the down...

lalayev

Ethereum has suffered a lot since the mass "de-adaption" of dApps from their platform. The down channel has been working out well for Eth since Eartly 2019. Expecting a fakeouts to indicated up levels, with the next support at 0.0180

lalayev Updated 

So far BTC has been in retracement since its peak at 13860 USD. We are in a correction wave C currently, which should end at 9k zone. That must be a good entry point, and if it holds the new uptrend should be formed.

lalayev

On 4hr chart, H&S pattern has been formed. We are on the stage of finishing the top of right shoulder. Expect it to fall to accumulation zone indicated.

lalayev Updated 

Bitcoin has been making higher lows since June, and continued to fail to break the downtrend channel that had formed since early March. If we successfully break up. I expect it to go 7370-7670 area If we fail to do so, I am looking into 5500 area, rather than the huge support at 5700-5850 area.

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BCH has found a support 0.065 nad managed to maintain it few times in a month. We are still in a down channel, and 0.382 fib level failed to break up. We can wait and get in 0.065-0.68. If the support holds we can aim for a profit targets at 0.5 fib.

lalayev

ICX has found a bottom and made an impressive rally. Since then it retraced and hit the support at 0.000085. We are now moving inside the channel. A break up should take us to 0.786 fib level. A break down , however, will take us to support, outlined in red. But now is a good entry point with a stop loss at 0.000095

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The left chart shows the trading range we are currently in. A break up would result in testing the 0.002 as a short term projection. The right chart indicates more a long term projection. The resistance lines are shown. Big news will follow up, until the fork happening on 10th of September. The ANON Team will be announcing exchange markets , and some new...

lalayev Updated 

With fork being 4 days away, I think we all need to accept that there won't be a price increase in zcl. ANON Team has not made all the announcements as they had promised, which led ZCL to fall sharply. The next support is at 0.0006