mercury_rising

mercury_rising

BNB is in an Ascending Triangle (bullish) with USDT. In addition, there is a curved rising support that suggests buying pressure is increasing at the same time that sellers are exhausted. Having said that, there is a chance that sellers break the curved support--and price could fall back to the Trend Support line. With that uncertainty, I'm looking for...

mercury_rising

ETH is retesting support of the previously broken resistance line, as well as support at the 200 EMA. Selling momentum is exhausted and ETH is entering what I consider my Buy Zone. Bullish divergence on the 4hr chart leads me to think we will get a soft bounce, but we'll quickly see resistance from the 100 EMA and the support-turned-resistance line. I'm...

mercury_rising

LTC has been sinking under the weight of a resistance line that goes back to February 2018--It's also been in a massive Falling Wedge. Breaking this resistance would undoubtedly draw a lot of attention. LTC is a coin we don't hear much about. Many see it as the "little irrelevant brother" to BTC. That may be, but the current state of the charts makes me at...

mercury_rising

UNI looks very appealing here. Sellers are exhausted and we recently broke through the resistance that has held since the Death Cross. I'm expecting a shift in momentum. There's still plenty of overhead resistance to get through, but this is where I want to start averaging in. Good luck, and Happy New...

mercury_rising

With CRO vs BTC, I'm expecting a bullish breakout of the Falling Wedge. Having said that, there's also Bearish Divergence on the daily chart so I'm expecting a short-term cooldown, perhaps to the 1D 50 EMA, before ultimately breaking the wedge. Sidenote: Price action on CRO over the last three years looks heavily manipulated (more than most, anyway). Be...

mercury_rising

MATIC appears to be forming a clear Cup against BTC. It's also in a Rising Wedge pattern (bearish). We've recently seen bearish divergences on the daily and 4-hour charts. Buyers appear exhausted. I'm not interested in longing MATIC at these levels and I'm expecting a cooling off (Handle) before breaking out higher. I'll be looking for bullish divergence at...

mercury_rising

DOGE has been struggling against BTC for several months, but sellers are exhausted. I'm seeing bullish divergence on the daily chart and we're in an extended Falling Wedge. A breakout of this wedge could be explosive. Keep an eye on DOGE in the next couple weeks. I'm interested in averaging in here. -------------------------------------------- These are my...

mercury_rising

AVAX is in an Ascending Triangle (bullish) within a macro Ascending Channel (bullish). I'm expecting price action to bounce around the Ascending Triangle until ultimately breaking to the upside and moving to the top of the channel. I'm looking for bullish divergence on the 4-hour chart for an entry. --------------------------------------------- These are just...

mercury_rising

DOT appears to have formed a symmetrical triangle with BTC. The most recent 4-hour bullish divergence would've been the ideal place to enter a long, but now that we are retesting daily moving average resistance, I'm on the sidelines until I see another obvious entry. For long-term investors, we are still at an accumulation level so if you're looking for DOT...

mercury_rising

LUNA is in an ascending channel vs BTC and the support looks strong enough to continue up, however we've recently had bullish divergence on the daily chart, and we're seeing solid resistance on the 4H chart, which leads me to think we might be retesting the bottom of the channel before continuing higher. I'm not interested in LUNA at these levels, and I'm looking...

mercury_rising

ADA has been held underwater due to heavy resistance from the Death Cross. However, on the 4-hr chart, price is holding above the 200 EMA for the first time in months. If this can hold, the dominos may start to fall as consecutive Daily EMA levels are broken to the upside. Now, let's take those rose-colored classes off and realize that it's also likely that...

mercury_rising

I'm currently Neutral on BNB as there is no obvious entry here for the way I trade. However, I can see reasons to be both bullish and bearish. Bullish Case: BNB may be completing the Handle of a C&H pattern. The Cup isn't exactly pristine, but that might just be a casualty of charting against a volatile asset (BTC). Consider a high-risk/high-reward smaller...

mercury_rising

While ETH has recently broken above major trend resistance, it looks a bit over-extended and needs a breather before another major move up can happen. Having said that, we are retesting the resistance-now-support line and there may be a good day-trade opportunity with a smaller position. I'm personally waiting for a more obvious buy signal (bullish divergence on...