LUNC has been massively shorted over the last year, and with good reason, since the token is practically dead.
However, this amount of shorting poses a risk for the bears. If we get more bullish price action in the near future, the amount of shorts being squeezed (liquidated) could result in a huge bullish move upwards. For now it's just speculation, but it's...
Hello, everyone. I hope you're all having a great start to the week.
Let's analyze the GBPCAD chart and explore a potential selling opportunity in this pair. However, please keep in mind that since we've also posted another idea for EURCAD, it's advisable not to take both of these ideas simultaneously, as it could increase your risk and disrupt your money...
Bitcoin has been gradually trading upwards since the huge move late October. As seen on this chart, BTC has continuously making higher-lows alongside the purple dotted support line.
As of earlier today, BTC hit the support again and saw a bounce from the lows. However, as long as we're below the yellow dotted resistance there might be a higher probability for...
Bitcoin is currently in the process of breaking out of a bullish flag pattern that has been in the works ever since we hit 35k last week.
If we can get a 4H candle close above 35,250 I'm considering it a successful break out, with a likely continuation of the bull trend.
40k is my target for now, as per my initial bullish break out analysis several days...
Hello traders!
Scenario number 1:
The pair is in the canal scheme and in the accumulation area. If the price does not break the level (1976.00), then the pair will continue the channel scheme with the target (1924.00).
Scenario number 2:
If the price breaks the level (1976.00), then the pair will continue by retesting the levels: (1908.00) and (1885.00).
Be...
If you've followed my analyses for a while, you've seen this chart before. This is a chart of the relative total stablecoins marketcap. In other words, the stablecoins marketcap divided by the total crypto marketcap.
In my previous analyses, I stated that BTC dumped every time that the bottom support of the channel has been hit, with my most recent analysis...
As gold is in a buying position as its in a strong consolidation phase and formed a bullish penunt pattren and the another confluance is 200EMA is also in buying confluence and price has formed a bullish Engulfing candle so it seems that price will go buy
On several previous occasions I've written about CAKE and the fact that this token is dying. I don't see CAKE perform well in the next bull-run, but that doesn't mean that CAKE can't go up.
I'm looking at the falling wedge on the chart. If we can get a break out in the near future, ideally above 2$, I'd wager that the break out is a success. My target would be...
SOL has been one of the bigger winners of the last few weeks, seeing a 100% increase since the September lows.
However, caution is advised for the bulls. SOL has reached a very important area of resistance, so some profit taking is to be expected here.
However, with BTC looking great, I'd be surprised if SOL won't break through this resistance area. Personally,...
The cryptocurrency world often surprises us with intriguing market dynamics, and today, we'll delve into NEAR and FET, two projects that have crafted similar fakeout patterns but may be charting different paths forward. NEAR executed a "sweep of the lows," while FET is forging a "double bottom" pattern, both aiming for a potential ascent to $0.55. Let's explore...
In this analysis I want to shed some light on the fact that the weekly RSI on Bitcoin has reached the highest value in over 2.5 years. The last time that we weekly RSI reached above 70 was during the height of the bull-market, back in April 2021.
Historically, Bitcoin's weekly RSI has very often been above 70, just scroll back the chart. However, the timing is...
In my most recent ETH analysis I took a look at the long-term rising wedge pattern that has been playing out on the ETH chart since early 2017.
I noted that the break out occurred, and could potentially lead to more selling. However, now that I switched to a bullish view of the market (because of the BTC break out), I think it's likely that ETH will go up as...
Chart currently shows Bearish Signal as per the following reasons:
Indicators:
1. Slight Dark Cloud cover indicated
2. Two Black crows, today's trading will indicate if three black crows are confirmed.
3. Slight Bearish divergence
Patterns:
1. Bearish rising wedge on graph - indicates a potential bearish signal
Bullish After Cup and Handle Formation ...
In my most recent BTC analysis I talked about the fact that BTC managed to break out through the main bear market resistance, which made me switch bullish with a target of 40.000, which has played out well!
For the time being, BTC has a bit of trouble getting through the top resistance of the rising wedge pattern. Personally, I'm anticipating a break out soon,...
APE has been one of the weakest big tokens of this year, falling over 60% from the January 1st value.
However, there's some light at the end of this dark tunnel. A falling wedge pattern has emerged on the weekly chart, as well as the fact that the weekly RSI has hit oversold levels for the first time in the (Binance) history of this token.
This trade is risky,...
After an initial strong start of 2023, MATIC has generally been selling off all year. Helped by Bitcoin's strength, MATIC has managed to break through the main bearish resistance that was holding back this token.
In my eyes, this can be the start of a new bullish trend for altcoins. Looking at 1.5$ target over the next few months.
M15, M30, H1 and H4 are overbought
There is a previous days high and a long consolidation
There are multiple tops on this trade and there is a lot of divergence
Pattern on H4 which normally means this trade should fall.
M15, M30, and H1 are overbought, and there is a pattern for M15 to sell. This trade is with the H4 and Daily trend so it should go all the way to the bottom. There are many signs to sell this trade, and there is very good resistance at this level, stop loss above 100 should be good.
