Altseason2020
AION is clear for takeoff heading into Q4AION has been consolidating below 1400 sat resistance for months after a huge influx of volume came in this spring. Marking what is very likely to be the bottom on this one.
There is a major catalyst coming up that will reduce the inflation of AION token to about 1/8th of current inflation rate. Already being called the "Eighthening" by community members. This will no doubt spur bullish speculation on the token in the lead up to the event which is currently slated to occur on November 15th. (www.timeanddate.com)
The project itself has a plethora of impactful partnerships that are likely to generate real demand for the token at some point in the future.
It is difficult to find a token with MORE relative buy volume inflow (In January 2020) when zoomed out on the weekly.
On Balance Volume (OBV) just made a new high.
If 1400 sat resistance breaks, the expansion move up into the 3000 sat area is likely to be very aggressive.
Price is currently resting just above the #pumpchaser zone (.382 - .5 fib levels)
Expect to see a very impressive Q4 performance from AION.
XRP Possible Short term Drop???If the price gets rejected by the 200 moving average, and the 50 becomes resistance. The price of XRP will then drop back down to the lower 0.20 USD range, and my Bitcoin/XRP target is the green dotted line around the 2200 Satoshi price range. Again I must add, the Bitcoin Dominance has dropped below 60%. Still bullish, just waiting on the price to climb back above the 200, and the 50 daily.
XRP Possible Golden Cross?The green line represents the 200 moving average, and the white line represents the 50. I will be on the watch to see how the price moves above OR below these two major moving averages. Currently, the Bitcoin Dominance is breaking below the 60% range, and may go lower over the last few months of this year. Almost like it played out in late 2017. This is only my opinions, and not to be taken as trading advice. just sharing what I see. I hope everyone has a good week, happy trading!
Altseason is overWe are watching the Bitcoin dominance chart. There is every reason to believe that the altcoin season will terminate this year.
Highlighted features:
1) Chart large spikes indicate high volatility and market uncertainty
2) Around 60% support level is reached, the rebound has already started
3) Since 2017 the price channel's bottom has been reached as well as the price channel's bottom since July 2019 (red highlighted).
Commonly, all these factors indicate a very high probability of Bitcoin's dominance increasing. Plus, the alts have already won back their rapid growth, the correction is a logical continuation of the market cycle.
DCN / USDT Triangle. Coming soon. Double bottom. Super pumpDCN / USDT Triangle. Soon there will be a denouement of the situation. Double bottom. Super pump.
Entrance
1) Entrance on a breakout or rollback after breaking a triangle.
2) Login when confirming support (double bottom option).
Target
If a triangle is broken up, the first target is about + 46.46% (false breakdown) and the full working out of the figure + 160.66%
If, for example, the triangle is now broken down, then the potential for the formation of a double bottom when confirming support. With the first goal + 160.66% and the full target + 477.77%.
Stop loss
Who uses them in their trading strategy. Under key support levels during your entry into the market.
My educational idea is an article on how to reset passengers using this coin as an example. Super pumps + 1900% and 8200% sequentially.
EDUCATION
Psychology. Traps. The reason and the possibility of pump +8200%
BTC Going Down!? Whats next? TIme for long consolidationAs u can see in this chart we failed to get above 13k, as for now 11,500 needs to hold or downward momentum will continue. We will see a bounce on this level depends on how strong the bounce will be but its a nice scalp point to take some profit and observe the market further
TRX - Looks interesting againFinally pumped out of its channel, but the sudden BTC growth messed all plans. Good place for bids in 230-210 area.
I think after BTC stops, it will rise again after.
Hit the "LIKE" button and follow to support, thank you!
Information is just for educational purposes, never financial advice. Always do your own research.
NMR - Breakout of multi-year-long resistance | Binance listingNMRBTC left the multi-year channel, breaking through resistance and doubling in price for a day. I think it still have a wide room for growth because of good fundamentals, bullish crypto market and strong momentum.
I'd prefer to buy near $0.004 with target at 0.008.
Hit the "LIKE" button and follow to support, thank you!
Information is just for educational purposes, never financial advice. Always do your own research.
Nice opportunity for ICX this month !!After correction from 0.78 fibo to 0.38, ICX is now retracing, if we breakout the triangle from above (red downtrend and 0.78 fibo level), we will see new highs soon ...
That's what we are expecting now for ICXBTC in upcoming days due to amazing upcoming news for this pair by the end of the month ...
Breaking out 0.78 level (4707 sat) will lead us to next levels, and as we are now on the bottom of a new uptrend channel, we can easily see ICXBTC :
Target 1: 5601
Target 2: 6738
Target 3: 7198
Target 4: 8184
Analysis & Signal ETHEREUM CLASSIC / TETHERUSHello, everyone!
ETC - break out falling wedge pattern, with a declining trend and large candlesticks shadows from top to bottom (what shows us the strength of the buyer)
In addition, we have a local uptrend, the last impulse was from 6.25. Therefore, the considerations are as follows:
ETC | USDT (Binance Spot)
Enter(current price) 6.8-6.9 at 1/3(deposit)
Second limit order 6.7 at 1/3(deposit)
Stop: 6.4
Take-profit: 8.6
P.S. More bonanza more development for us)))
LEND.BTC (Y20.P3.E3).Price Action explainedHi All,
LEND BTC pairing just went through a Parabolic curve pattern (with 4 bases) and peaked with a nice pullback to an expected fib. level.(0.5) macro level.
This reminds me of 2 scenario's. The early stages of the BTC bull market which had 3 or 4 parabolic runs.
OBSERVATIONS:
> Daily chart: 21/34 EMA recently tested and passed with a double top.
I have a fractal on the BTC that gives an insight what its likely to do, chart below.
> Daily indicators show downward pressure however not a strong pressure as the MACD will likely bounce off the signal line if it comes to it.
Phoeix shows the downward pressure energy with the 2 RSI crossing reflecting both the MACD and stoch.
THOUGHTS:
I am of the opinion that we will come out of this like the fractal below with another parabolic run to this current one.
As per my initial chart, we have the 21 ema daily tested and a double top with the 2 fib levels tested, so leaving one more fib level to test before going to the upside again.
Depending on the market SP500 or Gold PAUSE\go sideways, then it is likely for LEND and other ALTS to start the next their run.
NOTE: SOL and LINK are probably peaked and will do what LEND has already done with some formation of consolidation.
Please give me a tick or like for this effort.
Regards,
S.Sari
PARABOLIC curve pattern\structure
Daily chart: 21/34 EMA recently tested and passed
BTC Fractal likely type of pattern after a parabolic run that has a double top follow through
SOLBTC comparison
MTAUSD - Another attempt to break resistance at $8META makes another attempt to break the resistance in the zone at $8-8.3. Not a good time to jump in long at resistance (even despite a bullish ETH), I'd better buy breakout or near $7.5-7.3 (have a few bids there).
Disclamer: Still holding my stack from $3.6 avg as mentioned on Twitter.
Hit the "LIKE" button and follow to support, thank you!
Information is just for educational purposes, never financial advice. Always do your own research.