LOOMUSD A rise the likes of which we've never seen.Loom Network (LOOMUSD) is on the 5th straight green 1W candle, with the last 3 weeks in particular being the strongest bullish sequence LOOM has seen since its historic All Time High on the week of April 30 2018!
Last week it closed the first 1W candle above the Bear Cycle's Lower Highs Resistance and the 1W LMACD sequences resembles the last strong rally of 2020 - early 2021. Based on that we should be currently on leg (c), which can extend all the way to the 2.0 Fibonacci extension, despite the presence of Resistance 1 (0.26900). Our target is 0.60000.
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Cryptocurrencysignals
BITCOIN Cycle mapping like you've never seen it before!On today's Bitcoin (BTCUSD) study, we plot the historic Cycles on top one another, classifying them into different phases. This is an alternative but very useful way at looking in BTC's historic cyclical action as it offers a sound perspective regarding our current place on the Cyclical Scale.
As you can see, the 2011 - 2013 Cycle is displayed in blue, the 2014 - 2017 Cycle in orange, the 2018 - 2021 Cycle in black and the current one 2022 onwards in red. The phases are: Bear (red), Accumulation (orange), 1st Rally (blue) and 2nd Rally (green). The three most recent Cycles are plotted as they are in terms of duration but the 2011 - 2013 one is stretched in order to fit the phase classifications and relate to the more recent Cycles.
As a result, its Halving (1) is also moved to its respective spot. It is no coincidence then that all Halvings (1 through 4) fall close to each other on what we call "the Halving Belt". Now this Cycle display gives a sound sense of Bitcoin's Cyclical perspective in relative terms (for Cycle 1). The "we are here" vertical line reveals the respective place relative to the past Cycles. As you see, it is about to end the Accumulation Phase and as it approaches Halving 4, start the 1st Rally Phase of the Bull Cycle.
So what do you think? Does this chart give a fair sense of where we are now? Feel free to let us know in the comments section below!
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ALT SEASON underway and this Support shows you WHY!Looking at this chart, it becomes more obvious how the alt coin market, which broke this Summer above the Bear Cycle's Falling Wedge, is preparing for a big move upwards. The 494.45 level has been tested 4 times and emphatically held on all as it provided rebounds that left large 1W candle wicks behind.
The latest was on September 11 but stopped last week on the 1W MA50 (blue trend-line). A 1W candle close above it opens the way for a Lower Highs test, similar to January 09 2023, which when it broke it started the 2nd part of the rally.
There is only one long-term Resistance left from the Bear Cycle and that is the 1W MA100 (green trend-line) that is intact since May 09 2022. This what the markets target should be, we estimate a potential contact at 650B, by the end of the year.
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AAVEUSD Strong rise but still not bullish long-term.Aave (AAVEUSD) is having a strong bullish sequence since the September 11 Low on Support Zone 1. Both the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line) are Supports now. However, it remains inside the 1.5 year long Triangle pattern and is approaching its top (Lower Highs trend-line). This suggests that the most optimal sell entry is approaching.
The previous Lower High was priced right when the price hit the 0.618 Fibonacci retracement level. The one before a little below the 0.786 Fib. Now we are approaching the 0.5 Fib so the zone between that and the Lower Highs, is the most optimal sell entry. The 1D RSI is actually printing the peak pattern of that July Lower High.
Sell and hold as long as 1D closes candles under the Lower Highs trend-line and target the 1D MA50 at 64.000. If a 1D candle closes above the 0.618 Fibonacci, buy and target 95.000 (a little below the 0.786 Fib and potential contact spot with the 1W MA100 (red trend-line) which is the long-term Cyclical Resistance).
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BITCOIN Made a MACD Bullish Cross that opens the road to $40k!Bitcoin (BTCUSD) has completed a Bullish Cross on the 3D time-frame and that helped the price last week to start the short term rise that broke above the 3D MA50 (blue trend-line) for the first time since mid August. The previous 3 MACD Bullish Crosses have all delivered a Higher High within the 11 month Channel Up.
What's also interesting is how firmly the MA100 (green trend-line) held on the September 10 Low. Technically once BTC reclaims the MA50 (i.e. closes a full candle above it), the new bullish wave of the Channel Up will be confirmed. We expect it to test Resistance 2 at 40000, a critical psychological level.
Do you think this MACD Bullish Cross was what BTC needed to kickstart the new rally? Feel free to let us know in the comments section below!
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AVAXUSD Ready for a bullish break-outAvalanche (AVAXUSD) has been trading within a Channel Down pattern for the past 6 months and is testing today the 1D MA50 (blue trend-line). The same kind of test after a 1D RSI Bullish Divergence was performed in AVAX's previous Channel Down on January 09 2023. Observe the perfect symmetry on the RSI levels of the two dates. When the price closed above the 1D MA50, it initiated a massive rise on the next candle that easily broke through the 1D MA100 (green trend-line), hit the 1D MA200 (orange trend-line) and peaked a little above the 0.618 Fibonacci retracement level.
As a result, we will buy the break-out and initially target the 1D MA100 at 11.000. If it breaks above the 1D MA200, we will buy that 2nd break-out and target the 0.616 Fib at 15.500.
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WAX (WAXP) formed bullish AB=CD for the next pumpHi dear friends, hope you are well and welcome to the new trade setup of WAX (WAXP) coin with US Dollar pair.
Previously we caught almost 46% pump of WAXP as below:
Now on a 2-hr time frame, WAXP has formed a bullish AB=CD move for the next pump.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
BITCOIN Cycle unlocked with Angle Theory! Can we reach 140-150k?Bitcoin (BTCUSD) is having a strong break-out day on the 1D time-frames and below but this is only on the short-term. Still it is a step in the right direction on the long-term after trading sideways in the last 6 months within the 1W MA50 (Support) and 1W MA100 (Resistance).
** Cycle Peaks and angles **
Today's study brings you the a multi-cycle depiction on the 1W time-frame of BTC since the peak of its very first Cycle at $32. Those that followed ($1250, $19800, $69800) all made contact with the Logarithmic top Growth Curve, a historic pattern that is holding since BTC's inception.
It appears that every peak-to-peak measurement is roughly half of the previous peak. The automatic angle measurements on the (red) dotted lines may differ based on the screen's display and how the horizontal/ vertical axis move but on ours (and the screenshot of the idea) goes like this: 38°, 19°, 10°. We estimate a 6° angle for the new Cycle peak on the log Growth Curve.
** Next Cycle peak? **
If we take all previous Cycles and apply them to fit the new price action towards the top of the Log Growth Curve, that 6° line gives a projected Cycle peak within $140000 - 150000. It is also interesting to apply the same angle principle to the Cycle bottoms. We can see that those (green dotted lines) can also roughly be half of what the previous bottom was (though the variations are higher). The new bottom is estimated to be on a 7° angle.
Remarkably the angles of the tops and bottoms of each Cycle have approximately the same measurements, indicating that despite being logarithmic within a curve, they can be viewed separately in Channels.
So what do you think? Can Bitcoin reach $140-150k during this Cycle? Feel free to let us know in the comments section below!
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BITCOIN First close above the 1D MA50 in 2 months?Bitcoin (BTCUSD) broke above the 1D MA50 (blue trend-line) again today and is very close to registering the first 1D candle closing above it since August 01. At the same time it broke above the Lower Highs of the Falling Wedge pattern that started on the July 13 High.
If it succeeds today in closing above it, we hav e high probabilities of seeing the bullish extension of the Inverse Head and Shoulders pattern (IH&S) we discussed last week materializing. The target extends as high as the 2.0 Fibonacci at 30000. The short-term target is the 1D MA200 (orange trend-line) at 28000. Interestingly enough Resistance 1 (28150) and Resistance 2 (30220) are near those two respective targets adding to their importance as supply levels.
Note that the 1D RSI has been on a strong Bullish Divergence since August 18 (candles on Lower Lows). That is why the IH&S has increased probabilities of breaking above the 2-month Falling Wedge pattern.
So what do you think? Is it time to break to the upside for good? Feel free to let us know in the comments section below!
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$CREAM Performed Bullish Symmetrical$CREAM Performed Bullish Symmetrical in 2hr TF
What is a Symmetrical Triangle
A symmetrical triangle is a chart pattern characterized by two converging trend lines connecting a series of sequential peaks and troughs. These trend lines should be converging at a roughly equal slope. Trend lines that are converging at unequal slopes are referred to as a rising wedge, falling wedge, ascending triangle, or descending triangle.
KEY TAKEAWAYS
Symmetrical triangles occur when a security's price is consolidating in a way that generates two converging trend lines with similar slopes.
The breakout or breakdown targets for a symmetrical triangle is equal to the distance between the initial high and low applied to the breakout or breakdown point.
Many traders use symmetrical triangles in conjunction with other forms of technical analysis that act as a confirmation.
PEPEUSD Can rise aggressively if the Falling Wedge breaks.Pepe (PEPEUSD) is trading within a Falling Wedge ever since the first sell-off and sits below both the 1D MA50 (blue trend-line) and 1D MA100 (green trend-line) which made a double rejection on the latest Lower High on August 14 2023.
The 1D MACD is already on a strong post Bullish Cross sequence so the slightest break-out, preferably above the 1D MA50, will be a buy opportunity. The first and more reachable target will be a symmetrical with the Wedge's first rise at +128%, targeting 0.0000013500. If then the 1D MA100 holds as a Support, we will re-buy and target Resistance 2 at 0.0000019000.
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Can Chainlink (LINK) Achieve a New Annual Peak?Chainlink (LINK) has witnessed a substantial surge in the past two weeks and is now approaching the prospect of a new yearly high.
Both weekly and daily timeframe analyses exhibit bullish tendencies, which is supported by the price action MFI.
How Far Can Chainlink's Uptrend Continue?
Looking at the weekly technical analysis, LINK's price has been on the rise since June, recovering from a low of $4.75. This ascent resulted in the reclamation of the $5.80 horizontal support zone, which has been held since April 2022.
Moreover, this upward trajectory was accompanied by a bullish divergence in the MFI. The Money Flow Index (MFI) is a momentum indicator for traders to gauge market conditions, identify overbought or oversold levels, and inform buy or sell decisions.
Readings above 50 coupled with an upward trend indicate a bullish trend, while readings below 50 suggest the opposite. A bullish divergence arises when the MFI shows a lower value while the price is higher.
The daily timeframe paints a bullish picture. Additionally, the MFI is holding strongly above 50.
If the uptrend continues, LINK may reach the yearly high of around $8.80, which is 20% higher than the current price. However, given that the overall market is not bullish whatsoever, at this moment it is unlikely to make any significant breakthrough.
Looking Ahead: Despite the current trend LINK is unlikely to rise significantly over the yearly high at $8.80. On the other side, if the price starts descending, the $5.80 support level will be the next target to the downside.
BTC ☁️ Short-Term Outlook; Rebound Likely In One Week ☀️Cloudy, slightly bearish skies ☁️ linger over Bitcoin and a great part of the global crypto market in the next 24 hours. A couple of altcoins, like Cardano, Chainlink, and Uniswap may benefit from sunnier, slightly bullish trading conditions, ATTMO's forecasts show. ☀️
Over a one-week horizon, trading conditions become mixed with sunshine returning to parts of the crypto sphere. Bitcoin, Litecoin, Cardano, and Chainlink have potential upsides, while cloudy ☁️ or even rainy, bearish trading conditions will prevail over altcoins like Avalanche, Binance, XRP, and Polkadot.
Follow us for more crypto weather reports!
CRVUSD Bullish break-out on the short-termCurve DAO Token (CRVUSD) broke above the 1D MA50 (blue trend-line) for the first time since July 30, with the 1D MACD breaking above the 0.00 neutral mark. The long-term pattern is a Channel Down since the February 21 High, which hit the November 22 2022 market bottom on its last Lower Low (September 13 2023).
Every 1D candle closing above the 1D MA50 following a Lower Low has seen a bullish extension towards the top of the Channel Down. Last time (July 14) it broken marginally above the 1D MA100 (green trend-line) and almost touched the 1D MA200 (orange trend-line). We are bullish, targeting 0.6000 (1D MA100) unless the MACD makes a Bearish Cross first.
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