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Cryptocurrencyforecast

ETHUSDLONGSETHUSDLONGS Thoughts At the moment, we are seeing a new surge of interest in ETH long positions from traders. This growth is extremely interesting, because the last time such "green" sentiment was observed at the beginning of 2023, after which we saw a strong drop and subsequent consolidation almost 4 months long. The growth of longs will mark an increase in interest in the asset from buyers, which in the future may mean the upcoming green chart. But do not blindly look at one indicator or factor. Look at the situation globally and make informed decisions. If you like the idea, don't forget to subscribe and rate like👍
BITFINEX:ETHUSDLONGS
by Andrey_Crypto
ICPUSDTICPUSDT Thoughts After a long fall, the coin was able to find a local bottom and go flat. A couple of times there was an attempt to break through the downward resistance, but it was not successful. Strong resistance provided final confirmation that a Descending Triangle pattern had formed. After the third attempt to break through the resistance, the price froze and began to gain strength for the next impulse. ✅ Global targets for upward breakdown are indicated on the chart by blue lines: 7.524 - 8.305 - 9.240 We don’t set a stop yet, we focus on the state of BTC. For a futures setup, set targets and stops yourself, focusing on your shoulders. We put a stop at $4.9 But remember that things can change at any moment. You need to be flexible and monitor the market. Make a decision strictly with a cool head and do not give in to emotions. If you like the idea, don't forget to subscribe and rate like👍
by Andrey_Crypto
TOTAL2TOTAL2 Analysis TOTAL2 is the total market capitalization of cryptocurrencies, excluding the total capitalization of BTC. The chart clearly shows the formation of a bullish wedge. This is a technical analysis chart pattern that usually heralds a future uptrend. 📐A bullish wedge forms when the price range narrows and trading volumes decrease. Usually, the exit from the bullish wedge occurs upwards, with a breakout of the upper trend line. This signals a resumption of the growth trend. It is worth noting that you need to use additional indicators and analyze the news background to confirm the correctness of your forecast. Always trade responsibly and with a cool head. If you like the idea, don't forget to subscribe and rate like👍
CRYPTOCAP:TOTAL2
by Andrey_Crypto
ETHUSDT Symmetrical TriangleETHUSDT: Symmetrical Triangle At the moment, a symmetrical triangle pattern has formed on the chart. In total, there are 3 types of triangles: 1. Downward - starts from the support level and moves down with a gradual update of the lows. 2. Rising - starts from the resistance level and moves up with a gradual update of the highs. 3. Symmetric - the price fluctuates between local highs and lows with a gradually "fading" amplitude. Exits from a symmetrical triangle can be either up or down, depending on which level breaks first. If the price of an asset breaks through the resistance level, then this indicates that an uptrend is starting in the market. If the price of an asset breaks through the support level, then this indicates the beginning of a downtrend. It should also be noted that the symmetrical triangle can only be applied in certain market conditions, when the price of an asset is in a sideways trend and does not have a clear direction, as it is now. If you like the idea, don't forget to subscribe and rate like👍
by Andrey_Crypto
ADAUSDTADAUSDT Thoughts An inverted Head and Shoulders pattern has formed on the Cardano chart. The line of the right shoulder has already been broken and the impulse went up. Judging by the general situation on the market, it is worth considering opening short-term positions on the spot on ADA with the final target at 0.5542 (tp is set taking into account the development of the pattern on TA, we focus on the situation). Here are some sample thoughts for those who want to enter a position on futures: ADA long Entry: up to 0.4225 (it is worth gaining only on a rollback to the shoulder line) 🔘Position addition: 0.4005 Shoulder: 5-10X 🟢Take-Profit: 0.4960 - 0.5552 🚫Stop: 0.3736 Focus strictly on your shoulders, do not forget to drag stops into boo and divide the margin to gain a position. Move stops with take calculation 25% - 50% - 75% -... If you like the idea, don't forget to subscribe and rate like👍
by Andrey_Crypto
2
AVAUSDAVAUSD Thoughts After a long fall, buyers were able to buy back the main supply of the coin and pull the price into a sideways trend. Over time, volatility began to fall, thereby finally making it clear that the Descending Triangle pattern is forming. At the moment, the price was able to adjust with the global resistance of the triangle. For altcoins, breaking through global trends often occurs on the second attempt, while for BTC on the first. AVA already had one attempt to break through, after which the price was rolled back with a long squeeze. After local accumulation, we again see an impulse, which, with a high degree of probability, will break through the resistance. ☑️ Global breakout targets are indicated on the chart by blue lines: $1.047 - $1.361 - $1.788 But remember that everything can change at any time, you need to be flexible and monitor the market. Happy trading. If you like the idea, don't forget to subscribe and rate like👍
by Andrey_Crypto
1
LINKUSDTLINKUSDT Thoughts The price has been moving in the accumulation zone for almost a year. The exit from such zones is very often given an upward impulse, so that a major player can reset his positions. Now the price has approached the local resistance zone inside the consolidation. If BTC continues its upward movement, then we will see both a breakout and the possibility of exiting upward from the consolidation. For ease local targets were marked on the chart. ☑️Targets: $11.12 - $13.08 - $14.45 However, we focus on the situation. Always look at the market globally and adjust to the general mood. If you like the idea, don't forget to subscribe and rate like👍
by Andrey_Crypto
1
WOOUSDTWOOUSDT Thoughts After a long downtrend, buyers were able to stop the price and began to form a consolidation area. As a result, the Inverted Head and Shoulders pattern formed. The situation is very similar to the symmetrical pattern on the BTC chart we talked about. In addition to spot positions, you can also consider futures. But before entering a position, it is worth remembering that it is much more dangerous than a spot. You need to be calm and clearly aware of your actions. Sample thoughts for those who wish to enter the futures: WOO long Entry: up to 0.2590 (look at the situation) 🔘Add position: 0.2312 Shoulder: 5-10X 🟢Take-profit: 0.3044 - 0.3338 - 0.3837 🚫Stop: 0.2114 Focus strictly on your shoulders, do not forget to drag stops into boo and divide the margin to gain a position. Move stops with take calculation 25% - 50% - 75% -... If you like the idea, don't forget to subscribe and rate like👍
by Andrey_Crypto
5
BTC Daily TA Neutral BullishBTCUSD daily guidance is neutral with a bullish bias. Recommended ratio: 55% BTC, 45% Cash. * SUNDAY SCARIES WATCH . Cryptos are mixed today after numerous Altcoins like DOGE, REN (on rumors of Binance acquisition) and LINK rallied to start the weekend. Billionaire hedge fund manager Bill Ackman reiterated his support for Cryptos and their underlying technology . Yesterday, Vitalik Buterin transferred 40k ETH ($48m) to an unknown wallet and Justin Sun cashed out $58m worth of ETH for unknown reasons . Ukraine is still trying to restore power to major cities while Russia continues to fire missiles onto critical infrastructure. Even with this going on, Ukraine managed to host a summit in Kyiv to promote their "Grain from Ukraine" initiative which will strive to send 60 vessels full of grain exports to countries currently most vulnerable to famine and drought (including Ethiopia, Sudan, South Sudan, Somalia and Yemen). Chinese citizens continue to protest the Covid lockdowns in cities like Urumqi where the lockdowns are ironically contributing to deaths , and this morning officials in Urumqi announced that they will begin to phase out restrictions in "low-risk areas". This is after China reported a third consecutive daily record for new Covid cases . In lighter news, Ben Armstrong is in the Bahamas with intentions of interviewing SBF lol . Key Upcoming Dates: US Consumer Confidence Index at 10am EST 11/29; 2nd BEA Estimate of US Q3 GDP at 830am EST 11/30; Fed Chair Jerome Powell speech at Brookings Institute at 130pm EST 11/30; Beige Book at 2pm EST 11/30; October PCE Index at 830am EST 12/01; November Employment Situation at 830am EST 12/02; Last FOMC Rate Hike Announcement of 2022 at 2pm EST 12/14 .* Price is currently trending sideways at ~$16450 as it continues to hover above the uptrend line from March 2017 (~$15600) for a fifth consecutive session. Volume continues to shrink for a sixth consecutive session which is indicative of an impending breakout/breakdown and is on track to favor sellers for a third consecutive session if it closes today's session in the red. Parabolic SAR flips bullish at $17900, this is mildly bullish at the moment. RSI is currently trending sideways at 39, the next resistance is at 42.41. Stochastic remains bearish and is currently trending down at 90 as it approaches a test of 88.29 support. MACD remains bullish and is currently trending up at -705, the next resistance (minor) is at -232. ADX is currently trending sideways at 45 as Price continues to trend sideways as well, this is neutral at the moment. If Price is able to breakout here then it will likely test the 50MA at ~$18670 as resistance . However, if Price breaks down here, it will likely retest the uptrend line from March 2017 at ~$15600 as support . Mental Stop Loss: (one close below) $15600 .
COINBASE:BTCUSD
by dailytaguy
2
BTC Daily TA Cautiously BullishBTCUSD daily guidance is cautiously bullish. Recommended ratio: 65% BTC, 35% Cash. *Risk-On markets responded positively to the FOMC Minutes today in which most FOMC participants and staff agreed that a 50bps rate hike in December is appropriate and that the odds of a recession in 2023 are quite low at the moment. New Residential Homes sales for November came in at 632k, up 7.5% from October ; this metric is rather interesting considering that 30-year mortgage rates are currently at ~7%. November's S&P US Manufacturing PMI is 47.2, down from 50.7 in October ; this is a 30-month low and signals weakening demand (which is good in the eyes of the Federal Reserve). The UofM Consumer Sentiment Index for November came in at 56.8, down from 59.9 in October . Meanwhile, Russia continues to bombard Ukraine's power grid with missile attacks in efforts to weaken Ukrainians' resolve throughout the winter ; Moldova's power grid is connected to Ukraine's and they are now suffering too as a result. Cryptos, Equities, Equity Futures, Metals, HSI, NI225, N100, CNYUSD, GBPUSD, JPYUSD and EURUSD are up. DXY, US Treasuries, VIX, Energy and Agriculture are down. Key Upcoming Dates: 2nd BEA Estimate of US Q3 GDP at 830am (EST) 11/30; October PCE Index at 830am EST 12/01; Last FOMC Rate Hike Announcement of 2022 at 2pm EST 12/14. * Price is currently trending up at $16600 after bouncing off of the uptrend line from March 2017 at ~$15600. Volume finished High (moderate) in yesterday's session and is on track to favor buyers for a third consecutive session if it can close today's session in the green. Parabolic SAR flips bullish at $18523, this margin is mildly bullish at the moment. RSI is currently trending up slightly at 41 and is beginning to form a soft peak as it approaches 42.41 resistance. Stochastic remains bullish and is currently trending up at 97 as it approaches max top. MACD has just crossed over bullish in today's session at -868 minor support. ADX is currently trending down slightly at 44 as Price is beginning to trend up, this is neutral at the moment. If Price is able to continue up then it will likely test the 50MA at ~$18800 as resistance . However, if Price breaks down here, it will have the uptrend line from March 2017 at ~$15800 as support before potentially breaking down and retesting $13477 minor support for the first time since November 2020. Mental Stop Loss: (one close below) $15500.
COINBASE:BTCUSD
by dailytaguy
ETH Daily TA Neutral BullishETHUSD daily guidance is neutral with a bullish bias. Recommended ratio: 52% ETH, 48% Cash. * BOUNCE WATCH . BlockFi admitted to having significant exposure to FTX (and associated companies) and are considering filing for bankruptcy after the Founder/COO Flori Marquez announced that they had enough liquidity to remain fully operational on November 8th . Liquid Global, a Japanese exchange owned by FTX has paused withdrawals. SALT, a crypto lending firm, has also paused deposits/withdrawals in the wake of the FTX collapse. It's very hard to say how much of the meltdown has been priced in after such a drastic and impulsive drawdown, but it seems premature to think that the spillover from the FTX/Alameda collapse is over. US October PPI increased less than expected, fueling more theories that inflation is subsiding enough for the Fed to slow its pace of rate hikes. Donald Trump just announced he intends to run for US President again in 2024. Cryptos, Long-Term US Treasuries, GBPUSD, EURUSD, Metals, Natural Gas and Equities are up. DXY, VIX, Equity Futures, CNYUSD, JPYUSD, HSI, NI225, Oil and Agriculture are down. Key Upcoming Dates: Fourth GDPNow Q4 GDP estimate 11/16; US October Retail Sales at 830am EST 11/16; US October Building Permits and Housing Starts at 830am EST 11/17; Russia/Ukraine Grain Deal Expiration on 11/19; 2nd Estimate of US Q3 GDP at 830am (EST) 11/30; October PCE Index at 830am EST 12/01; Last FOMC Rate Hike Announcement of 2022 at 2pm EST 12/14 . * Price is currently testing $1270 minor resistance for the sixth consecutive session. Volume remained High (moderate) in yesterday's session and is currently on track to favor buyers for a third consecutive session if it can close today's session in the green; Price is currently testing the second largest VP supply/demand zone on the chart. Parabolic SAR flips bullish at $1522, this margin is bullish at the moment. RSI is currently trending up slightly at 43 after bouncing off of the uptrend line from October 2018 (as support) just above 37 support. Stochastic remains bullish and is currently trending up at 33 after denying a bearish crossover at 31, the next resistance is at 47. MACD remains bearish and is currently forming a soft trough at -46 minor support. ADX is currently trending up slightly at 37 as Price attempts to push higher, this is mildly bullish at the moment. If Price is able to break above $1270 minor resistance then it will likely retest the uptrend line from June 2022 at ~$1340 as resistance . However, if Price is rejected here, it will likely retest ~$1225 as support before potentially retesting $1k minor support . Mental Stop Loss: (one close below) $1225.
COINBASE:ETHUSD
by dailytaguy
ETH Daily TA Neutral BearishETHUSD daily guidance is neutral with a bearish bias. Recommended ratio: 40% ETH, 60% Cash. * CRITICAL RESISTANCE/SUNDAY SCARIES WATCH . Cryptos are struggling to keep the bullish momentum going over the weekend as the post-FOMC rally (fueled by a robust October Jobs Report) tries to carry over into next week's big CPI report on Thursday (11/10). Chinese President Jinping stated the obvious Friday , that the world should do their best to avoid nuclear war; he did this without mention of Russia. Key Upcoming Dates: Third GDPNow US Q4 GDP Estimate 11/09; US October CPI at 830am EST 11/10; UofM November Consumer Sentiment Survey at 10am EST 11/11; Russia/Ukraine Grain Deal Expiration on 11/19; 2nd Estimate of US Q3 GDP at 830am (EST) 11/30; Last FOMC Rate Hike Announcement of 2022 at 2pm EST 12/14 .* Price is currently testing the upper trendline of the descending channel from November 2021 as resistance, which coincides with the 100MA, at ~$1650; both resistance levels are just below $1711 minor resistance, hence why this is a critical juncture. Volume was Moderate (moderate) in yesterday's session and ended a two day streak of buyer dominance by finishing in the red. Price has broken above the VP POC and is now trading in the third largest supply/demand zone on the chart. Parabolic SAR flips bearish at $1520, this margin is mildly bearish at the moment. RSI is currently forming a trough as it trends sideways at 65, just above 63 minor support. Stochastic remains bullish for a second consecutive session and is currently trending up at 73, the next resistance is at 81. MACD is currently forming a soft peak at ~73, if it falls below 57 it would be a bearish crossover. ADX is currently trending up slightly at 31 as Price is attempting to push higher, this is mildly bullish at the moment. If Price is able to breakout above the upper trendline of the descending channel from November 2021 + the 100MA at ~$1650 as resistance , it will have to get above $1711 minor resistance to confirm that it has broken out of the year-long descending channel. However, if Price is rejected here, it will likely retest the local low of ~$1500 as support before potentially retesting $1427 support . Mental Stop Loss: (two consecutive closes above) $1711.
COINBASE:ETHUSD
by dailytaguy
BTC Daily TA BullishBTCUSD daily guidance is bullish. Recommended ratio: 90% BTC, 10% Cash. * SUNDAY SCARIES WATCH . Cryptos are up with a few in rally-mode this weekend; DOGE is currently up 50% in the past 24 hours and rose as much as 80% in today's session and SHIB (riding on the coattails of the DOGE rally) and is currently up 35% in the past 24 hours. This likely has to do with Elon Musk's finalized purchase of Twitter for $44b and hopes of Twitter incorporating some kind of support for Dogecoin on their platform. It has yet to be seen if other altcoins are set for similar rallies but if they do, it'd be safe to say that it'll probably influence FOMC members' views on markets this upcoming Tuesday and Wednesday. As of now, federal funds rate speculators are still betting on a 75bps rate hike on Wednesday 11/02, but if Fed Chair Powell is to sign off on 100bps it would surely shake up this rally. Depending on what the headlines look like to begin the week, Cryptos and Equities could take another dip leading up to the FOMC statement at 2pm on Wednesday before continuing to rally if the Fed goes with 75bps and includes some dovish remarks in their statement. The alternative scenario would be that the Fed raises 100bps and includes more hawkish remarks in their statement, this would likely send Cryptos and Equities to new lows. Russia suspended the UN-brokered grain deal with Ukraine today, reigniting food supply chain woes . Key Upcoming Dates: 2nd GDPNow US Q4 GDP estimate 11/ 01 ; FOMC Statement at 2pm EST 11/02; October Employment Situation at 830am (EST) 11/04; 2nd Estimate of US Q3 GDP at 830am (EST) 11/30.* Price continues to breakout from the descending trendline from November 2021 and is currently trending up at ~$20.9k as it attempts to break out of a short Bull Flag without formally testing the 50MA as support at ~$19.6k. Volume is currently Moderate (high) and is on track to favor buyers for a second consecutive session if it can close today's session in the green; Price is currently trading in the second largest VP supply/demand zone on the chart and Volume has been shrinking for five consecutive sessions, this hints at a potential impending breakout/breakdown. Parabolic SAR flips bearish at $18450 (which coincides with the descending trendline from November 2021), this margin is neutral at the moment. RSI is currently trending up at 64 after bouncing off of a critical juncture (the uptrend line from November 2018 as support at ~60 which coincides with the upper trendline of the descending channel from January 2021 just above 57.34 support). Stochastic continues to be bearish for a second consecutive session and is currently testing 78 support with no signs of trough formation. MACD remains bullish and is currently breaking above the weak uptrend line from May 2021 at ~132 as it tests 313 resistance with no signs of peak formation. ADX is currently trending up at 17.5 as Price pushes higher, this is mildly bullish at the moment. If Price is able to continue to trend up here then it will likely retest $24181 resistance which should coincide with the 100MA as resistance. However, if Price breaks down here, it will likely formally test the 50 MA as support at around $19417 support . Mental Stop Loss: (two consecutive closes below) $19417.
COINBASE:BTCUSD
by dailytaguy
Weekly Bitcoin Analysis: Can We Rule out More Breakdowns?Bitcoin was rejected by the resistance at $19,700. The bulls don’t appear powerful enough to rally. Any substantial movement in the crypto market does not appear likely unless there is a breakthrough on either side of the current range. Earlier this week, the SPX showed signs of a strong reversal which helped Bitcoin recover from the lows that it had formed at $18,100. However, this may not mean that the market has bottomed as the upper resistance has not yet been taken out. Therefore, a potential downside cannot be ruled out just yet. Bitcoin then went on to test the resistance at $19,700 as seen in the chart above. The resistance proved to be too strong for the bulls to flip. It indicates that the buying volume must increase before we see a promising breakout to help take Bitcoin above $20,000. If the upper range is broken, expect the coin to rally toward the next supply zone situated at $20,550. However, if the lower zone is broken, traders should steer clear of any long positions until the support at $18,500 is recaptured. At the time of writing, it is too early to say which side a breakout can be seen, hence, traders should wait for clear signs before taking any positions. For this reason, we will be maintaining a neutral outlook for this week! The major points of interest to watch out for are $18,500 and $19,700. For more expert analyses, check out our trading analysis section! (link in bio)
by CoinMarketCap
1
BTCUSDBTCUSD The market is losing activity, the price has been falling for almost a year without a normal rebound, we can say that there is no one to shave. The price has approached the descending trend line, breakdown and consolidation above the descending trend line, a good rebound is possible, which will attract new money to the market. If there is a good bounce, it does not mean that the bearish trend is over. If you like the idea, don't forget to subscribe and rate like👍
BITFINEX:BTCUSD
by Andrey_Crypto
1