ETHUSD November Price TargetsTaking a look at the 4-hour time frame of Ethereum, we are heading towards the $4,933 (3.618 Fib level). From here we’ll see a little pullback around the $5,000 psychological level before heading towards $5,620.
This month of November is looking very good as we are going to approach higher highs with the price target of $5,620 in mind to complete the Fibonacci Extension.
TP1 🎯 $4,933.42 (3.618 Fib)
TP2 🎯 $5,620.53 (4.236 Fib)
Easyloottrading
BTCUSD November Price TargetsTaking a look at the 4-hour time frame of Bitcoin, that hammer candlestick looks very bullish as we backtested the $59,800 & $61,115 support level and are about to print upwards. This was painting the bottom wick of the monthly candle and Bitcoin is looking like its about to turn this $63,564 - $64,581 resistance level into support.
This month of November is looking very good as we are going to approach new all-time-highs with the price target of $77,219 in mind to complete the Fibonacci Extension.
TP1 🎯 $68,361.69 (3.618 Fib)
TP2 🎯 $77,219 (4.236 FIb)
Binance Coin (BNB) $600+ Price TargetsLooking at Binance Coin (BNB) on the daily time frame it is currently holding the April 2021 Swing High as support and is using that momentum to push through the $505 resistance level.
This pattern is a continuation of the May cycle and this next move upwards will complete the second cycle. BNB is looking strong as it bounced and held the uptrend extending from the first cycle and is going to ladder up to previous / new highs. The next targets i'm looking at for BNB are:
TP1 🎯 $596
TP2 🎯 $638
TP3 🎯 $676
After these levels we're going to enter a period of price discovery for Binance Coin and reach newfound highs.
Thanks for your support traders!
As always please do your own research, I am not a financial advisor.
DOT/USD October Price TargetsLooking at the price of Polkadot (DOT) on the daily time frame we can see that today based on that parachain auction news that the Polkadot and Web3 Foundation released, DOT is looking extremely bullish to the upside. The combination of the news and the technical analysis aspects of this chart seemed to crossover at the perfect time, prepping Polkadot for a launch off the launchpad at the $35.15 level.
Polkadot is currently holding support within this wedge created from the downtrend first identified at the $45.69 - $48 distribution zone. DOT just found the 1.618 Fib resistance level placed at $39.24 as a newly-found support level moving forward. A successful daily close over this $39.24 level will send the price skyrocketing to $45.69 - $48 and that is where you should be looking at taking profits. From here, there is going to be some 1st and 2nd touch rejections, but shortly after that, DOT is going to be looking to create a higher high and wick the $53.53 Fib level.
Personally expecting a retouch of the $39.24 level, so in case you missed this trade, there is going to be another opportunity to go long here soon.
Cheers traders!
ETH/USD $4,300 October Price TargetEthereum pumped going into this month and regained this major uptrend as well as regained key levels of support including: $3,162 , $3,242 , and now is fighting for $3,431. Once ETH breaks the key level of resistance at $3,431 there will be a lift off to the $3,821 (2.618 Fib) level and from there will determine if the swing up has enough momentum to carry it out of the pennant. On the weekly time frame, Ethereum has already painted the bottom wick of the weekly candlestick and is looking for some upwards action.
Moving forward going into October, Ethereum is looking to reverse to its previous highs as it comes closer to breaking out of this downtrend holding the price down. At the moment, Ethereum is currently consolidating inside of two converging trend lines and prepping for a breakout to a bullish continuation pattern.
If Ethereum breaks out of the downtrend and regains this uptrend and $3,821.59 as support, we are going to have a great month and see new highs. My targets in this scenario are:
TP2 🎯 $3,927.00
TP3 🎯 $$4,161.59
TP3 🎯 $4,339.30
TP4 🎯 $4,933.42
Check out the attached chart which highlights the bullish pennant on the 3-day time frame. We are still trading in between the two trend lines and waiting to breakout.
Thanks traders! Let me know your thoughts down below!
As always please do your own research, I am not a licensed financial advisor and this information is for educational purposes only.
BTC/USD Updated October Price TargetsLooking at Bitcoin (BTC) on the 4-hour time frame we can see pretty evidently that BTC is in the midst of starting its next leg upwards to soar beyond the local highs created this April. The bounce off of the 1.618 Fib level around the $41,337 was the surefire sign / indication of a bullish reversal, and from here Bitcoin has continued creating higher highs and higher lows, all the while backtesting levels of resistance and turning them into support.
At the moment, Bitcoin is wicking out the sell orders between the distribution range of $55,218 - $58,109 and I called those TP1&2 targets out on October 5th, you can check the attached read to this chart and press play. Anyways, now i’m updating my price targets and see Bitcoin reaching new highs by the end of this month, and if not going into early November. I have a gut feeling it is going to be a really good Q4 and Q1 2022 for Bitcoin and all the leading cryptocurrencies as now is the time period in the market cycle where the sentiment reverses back to bullish.
Moving forward, the take profit levels that i’m looking at for Bitcoin are:
TP1 🎯 $64,581
TP2 🎯 $68,361.69 (3.618 Fib level)
BNBUSD $500+ October Price TargetsLooking at the daily time frame of Binance Coin, we see that BNB has regained the uptrend and is squeezing in between this wedge and the $432 (April 2021 Swing Low level). BNB is going to breakout to the topside and continue to hold this trend as well as gain $432 as a level of support.
Binance Coin bounced off of the Feb 2021 Swing High level at $333 - $348 and swiftly rejected upwards, forming a sudden valley.
My targets moving forward if BNB gains $432 as a level of support and breaks out of this downtrend:
TP1 🎯 $484.50
TP2 🎯 $505.00
TP3 🎯 $596.70
TP4 🎯 $638.60
As always please do your own research, I am not a financial advisor.
BTC/USD $58,000 October Price TargetBTC/USD $58,000 October Price Target
Bitcoin pumped going into this month, October, as it bounced off the $40,707 level and reversed back up from there. At the moment, it looks like Bitcoin has broken through $44,854 and is holding $47,410 as a level of support. On the weekly time frame, Bitcoin has already painted the bottom wick of the weekly candlestick and is looking for some upwards action.
Moving forward going into October, Bitcoin is looking to reverse to its previous highs as it comes closer to breaking out of this downtrend holding the price down.
A technical indicator that has been predicting a bullish outcome for BTC is the pennant pattern, where Bitcoin is still currently consolidating inside of two converging trend lines prepping for a breakout to a bullish continuation pattern.
If Bitcoin breaks out of the downtrend and regains this uptrend and $51,689 as support, we are going to have a great month and see new highs. My targets in this scenario are:
TP1 🎯 $54,028.85
TP2 🎯 $55,218.46
TP3 🎯 $57,795.20
TP4 🎯 $58,109.96
Check out the attached chart which highlights the bullish pennant on the 3-day time frame. We are still trading in between the two trend lines and waiting to breakout.
Thanks traders! Let me know your thoughts down below!
As always please do your own research, I am not a licensed financial advisor and this information is for educational purposes only.
ICPUSD Long Term Price TargetsDfinity’s Internet Computer has had quite the introduction to the crypto markets after the ICO listing, the price dropped from $600 to about $40 in less than a month. It has gotten all of the worst news coverage as it dropped at the top of the current market cycle, so it’s only been listed in the midst of a bear market.
Now with Bitcoin, Ethereum and all of the other cryptocurrencies reversing back to the upside, the ‘third generation’ looks like its finished with its accumulation phase and is now looking for upside price targets.
At the moment, ICP is looking to regain this uptrend as a level of support and claim new local highs.
Once ICP regains this uptrend and breaks out of the $67 - $70 price barrier, it is going to reach $100+ and reclaim some of its previously found highs from this year.
The targets i’m looking at for the long term on this $48 entry are:
TP1 🎯 $107.40
TP2 🎯 $124.83
TP3 🎯 $164.15
TP4 🎯 $249.28
TP5 🎯 $364.06
As always please do your own research, I am not a financial advisor and this should not constitute as financial advice.
ETH/USD The Path to $5,000+Looking at the 3-day time frame of Ethereum we can see that its forming a bullish pennant after posting up a lower high than in May. However, this isn't a bear market because at the same time we've been creating lower highs, we've also been creating higher lows. It is just a matter of time before the price squeezes and inevitably breaks out to the topside and creates new highs going into the new year and Q1 2022.
Never doubt the Ethereum Tsunami. When the price starts picking up after this extended period of accumulation going into 2022, I believe ETH buyers will start soaring in and drive the price up close to $10,000 on this next pump. However, this pump is going to take a bit of time to set up as we're still currently falling from the 2nd local peak this year. At the moment we are trying to find a steady bottom across the board on cryptos with my ETH target being $2,292.
The $2,189 - $2,294 support zone will catch the falling knife price of ETH along with this uptrend that has caught both previous double bottom patterns. After that, the price will continue ranging until it breaks out and starts targeting the 2.618, 3.618, and 4.236 Fib levels. There is major resistance holding the price back from breaking out of the $3,242 - $3,431 zone and it's going to take some time to accumulate before reversing back up and creating new highs.
As always please do your own research, I am not a financial advisor and this should not be taken as investment advice.
BTC/USD Bullish Pennant Forming on 3DLooking at the 3-day time frame of Bitcoin we can see that it formed a lower local high earlier this month than the cycle top found in April - May. From here, the price rejected and is now currently holding support around the $39,696 - $41,337 level. I'm expecting BTC to backtest the uptrend that caught at the $30,000 level after the 1st local high formed, which should be around the $36,000 price area. After BTC wicks this uptrend for the third touch and confirms it, the bounce will be fast back up to $44,000 where we will range before inevitably breaking out to the topside and creating new highs going into the new year and Q1 2022.
The targets after Bitcoin breaks out of this bullish pennant are the 2.618, 3.618, and 4.236 Fib levels. There is major resistance holding the price back up and creating new highs. Moves like this take a great time of accumulation and although there is an influx of new news such as venture capital raises and increasing DeFi users, Bitcoin needs the momentum only found after an extended period of accumulation.
There is also a scenario where Bitcoin pumps to $44,000 straight away and holds over the $40,000 psychological level and correcting a bit before ultimately breaking out to the topside of this bullish pennant and heading towards higher highs and possibly that grand finale $100,000 everybody is talking about.
Thanks for all your continued support and please let me know your thoughts!
BTC/USD Heading Towards $51,689 ResistanceBitcoin has been in steady accumulation since 1st touching the $51,689 resistance level. From here, Bitcoin looks like its heading back up towards that same level and breaking out higher from there after holding support along this well-respected uptrend and support levels in the high-40k region.
Bitcoin has been steady holding $44,854 & $47,410, which offers the signal of continued bullish momentum in the markets. The next resistance level for Bitcoin is the $51,689 level, followed shortly after by the $54,028 (2.618 Fib) level.
Moving into the end of the month, i'm expecting Bitcoin to reach the $55k resistance level. From there, i'll update you on the price actions.
As always please do your own research, I am not a financial analyst
ETH/USD $5,000 Price TargetAfter the local high in May was formed at $4,300 , ETH came crashing all the way down to $1,700 - $2,000 to where it formed a double bottom pattern signaling a trend reversal. From this point, ETH did not stop gaining for 13 days, which made me a little suspicious that we we're going to dump leading into the EIP-1559 on August 5th. However, it broke out of the downtrend and now we are going to make higher highs.
Looking at the daily time frame of Ethereum we can see that the resistance at $3,800 turned support and we bounced off of there and just underneath $4,000 overnight. $4,000 is the next level which is the key psychological level we need to break in order to keep moving up. After that, there isn't too much resistance between $4,000 - $5,000 and that will happen faster than the gain from $3,000 - $4,000.
My next take profit 🎯 levels are:
TP1 🎯 $4161
TP2 🎯 $4339
TP3 🎯 $4933 (3.618 Fib)
BNB/USD $596 Next LONG TargetLooking at the daily time frame of Binance Coin we see that it soared right through both the February & April 2021 levels and broke out of the downtrend to find support along $484 - $505.
BNB is ranging in the $484 - $505 newly found support zone and will continue to do so until it breaks out higher to reach the $596 - $638 price target levels.
Since BNB fell very fast, there really isn't too much resistance between where the price is at now to the $600+ TP levels.
Binance Coin is looking very good now coming out of its capitulation phase and seems like this is the setup or leg-up to the start of the next parabolic wave upwards 🚀
As always please do your own analysis, I am not a financial advisor.
ETH/USD Updated LONG TargetJust like Bitcoin, Ethereum has had a great month going from $2,340 to $3,242 heading into the EIP-1559. From here, the price has been stable and rejecting off of $3,242. With Bitcoin moving back up in price as well as altcoins like Cardano going upwards to new highs, Ethereum should follow their price action.
At the moment, ETH is rejecting off of $3,242 and could possibly wick $3,162 before breaking the resistance and heading towards $3,431. There is a downtrend around $3,431 where the price should reject off of before heading towards $3,821. ETH is ranging from $3,100 - $3,400 and is being squeezed until it breaks out higher and heads to the $3,821 (2.618 Fib).
Ethereum has had the most good news in the cryptocurrency sector recently because of the NFT and ERC-20 token hype, as well as the newly-implemented EIP-1559 that is burning tokens as we speak.
Ether, the native token of Ethereum’s blockchain, looks to have become more scarce than Bitcoin since the activation of EIP-1559. Ether’s daily annualized net issuance fell to 1.11% earlier this week versus Bitcoin’s 1.75%. If this trend continues, Ether could attract store-of-value demand, which until now has been concentrated mainly towards Bitcoin.
August is shaping up to be a record month for nonfungible token (NFT) sales, with almost $900 million spent on them over the past 30 days.
I am watching the $3,162 level of support very carefully. If we don’t hold $3,162, ETH is heading down towards $2,889. Please remember to set stop-losses.
Will do my best to keep you updated, feel free to join my Telegram to stay alerted in real-time!
As always please do your own research, I am not a financial advisor.
BTC/USD $51,000 Next LONG TargetGoing into the end of this month and looking back, Bitcoin has had a green month and is looking great going into the next. At the moment, Bitcoin is held along the $47,410 support level and looks to be moving up towards $51,689 and then the $54,028 (2.618 Fib) level shortly after.
A little suspicious that BTC hasn’t came back down and wicked this uptrend (channel) before moving back up, but I see the pattern here. Bitcoin made higher lows with the 1st being on August 5th along $38,000 level, 2nd being at $44,854, and the 3rd at $47,410 if this trend continues to reverse. Because we’re in an uptrend it doesn’t have to come back down and retest it, we saw what happened with Ethereum earlier this year.
There is a lot of positive news in the market as of recently, seems like the sentiment is shifting to bullish again. My guess is that more people are seeing the 2 top cycle in the charts and are gearing up for that.
Stablecoin reserves on exchanges hit $19.22 billion ATH which means that a long-term bullish scenario will roll out for top coins. These funds are dry gunpowder and could definitely flow into cryptocurrencies, which seem to be on the rise as of lately and more investors are seeing the potential gains.
Banking behemoth Citigroup is reportedly working to offer its institutional clients Bitcoin futures trading services.
Again, a lot of great news in the market but as always stay alert and be cautious for quick downswings. At the moment, Bitcoin looks to regain this uptrend around $50,000 and continue its path upwards towards the $51,000 & $54,000.
I am watching the $47,410 level very carefully. If we lose this $47,410 level, we are headed towards $44,854 and will bounce off this uptrend placed around $44,000.
Will do my best to keep you updated, feel free to join my Telegram to stay alerted in real-time!
As always please do your own research, I am not a financial advisor.
BNB/USD $600+ This CycleBinance Coin has bottomed out at $258 (found in my last post check link below) and is now on another parabolic cycle upwards towards $600 and above.
The local high at $676 is the target that BNB is going to ry and hit before reaching price discovery and potentially hitting $1000 as people on Twitter keep saying.
Following the path of BTC and ETH as benchmark movers in the space, BNB doesn't lag too far behind them and copies their moves up and down.
At the moment, BNB has regained this key uptrend and is now going to easily hit the $432 April 2021 swing low level.
From there BNB is going to wick the downtrend and once it breaks out of that it will start heading upwards to $600 - $638.
As always please do your own research, I am not a financial advisor.
ETH/USD $3821 Next LONG TargetEthereum has had a previous great weekly close with what was looking like was going to be bearish but turned out to be a nice hammer candle, painting bullish momentum. Now, ETH has already painted its bottom wick on the weekly and already seems to be soaring.
It has made consistent higher highs since bouncing off the 0.786 Fib in July and has now 1st touched the $3242 resistance zone. From here it rejected a bit but didn’t seem to bounce off of $2,709 or even come back down to wick $2,910 which I thought it would. Not coming down to wick those levels of support signals extremely bullish momentum, that the bears couldn’t even come back down to hit those buy orders along the known level of support.
If this upwards trend continues for Ethereum my next long targets are:
TP1 🎯$3,431
TP2 🎯 $3,821 (2.618 Fib)
Bitcoin Dominance (BTC.D) Heading Towards 2017 LowsQuick update on my previous Bitcoin Dominance chart from earlier this year, looking at the weekly time frame.
The start of 2021 we saw BTC.D topped out at 70.21% and consistently fell until the market crashed in April - May. The Dominance % bounced off 44% and slowly started creeping back up. A major key in analyzing this trend was seeing that the dominance didn't even reject or touch the 50% dominance level, signaling that the move upwards was a relief rally and the downtrend will resume.
Taking a look at the 2017 move we saw it come all the way down to 35% in one straight shot, then a quick downturn to the 40% level. This time around, i'm believing that we're going to see the opposite where the Dominance first hit 40% and then the 2nd time around it comes down to hit the 35% level where it is finished from there.
Most of the major cap coins have not touched their ATH in respect to the BTC ratio and they need to before the altcoin season is finished. The small capped coins have basically all created new all time highs and surpassed their respective BTC ratio.
This 2nd altcoin season cycle should occur close to the end of this year, Q4 2021 going into Q1 2022 paired along with a spike in the price of Bitcoin and the rest of the crypto market.
History doesn't repeat itself, but it often rhymes.
ICP/USD Heading Towards $84-88 Resistance ZoneInternet Computer has regained the topside of this channel after bouncing cleanly off of the $58 support level. From here, we just saw 1st touch rejection from the $67 level and will most likely pullback a little bit to $65 before moving up more.
ICP looks like its going to regain the $67 as support and close out on top of $70. From this point, the next level of resistance holding the price down is the $84 - $88 range.
With BTC, ETH and the leading large caps reversing back to the upside, this means the rest of the market will follow and ICP is no exception to that. It will mimic the momentum of Bitcoin to the upside and reach our $84-88 price target for the short-term.
As always please do your own research, I am not a financial advisor.
ETC $100+ This CycleEthereum Classic looks just like the leading coins in terms of chart patterns. ETC wants to take another run up towards its local high just like other big projects are doing right now such as ADA, SOL.
ADA is coming up towards $2.30 and SOL is heading upwards to $55.
ETC bottomed out along the $38 level which was the swing high found in April right before the pump from $38 - $148.
This time it has slowly been gaining under our noses and recently bounced off of $59 to hit $73.
From here, i'm expecting a little bit of a pullback before we continue climbing upwards towards the $93 - $95 take profit zone.
ETC is going to come back up and hit its local high this year on this upcoming parabolic cycle and find new highs after reaching $148+ in the price discovery zone at that point.
As always please do your own research, I am not a financial advisor.
BNB/USD Triple Bottom at $258 SupportBinance Coin, Binance Smart Chain, and the exchange Binance itself has had quite the news headlines this year; from BSC recording an astronomical growth in users on chain, to regulatory compliance by the exchange, to CZ Binance stepping down from the CEO role.
Binance Coin peaked a little over $676 earlier this year in May when the hype for NFTs and BSC-20 tokens were through the roof and since then has not made a newer high. BNB has been consistently falling and trying to find its bottom support, which now looking at it August 1st, I am confident that we've found bottom.
If BNB was going to continue falling back down to the start of the uptrend at $130 and post up a scam wick, we would've seen that by now. However, BNB has not closed a single candle on the daily or 12H underneath the $258 level of support, acting as the local bottom.
BNB not seeing a single candle closure underneath the bottom level of support is extremely bullish and I would be re-evaluating my position in this coin if Binance came back down to the start of the uptrend at the $130 level.
Now getting perfect entry is pretty difficult and would've been goated if you would've bought at $258. I am not that great at picking the absolute bottoms, but I did manage to squeeze out a long entry at $293 (still HODLing).
My next long targets i'm looking at mainly is the April 2021 Swing Low placed at $432.
This level of resistance has already been 1st touched back in the start of June, never to be hit since. Now, i'm expecting BNB to swing high and hit this level and continue the upwards momentum to the previous local high and above going into the end of the year.
As always please do your own research, I am not a financial advisor.
ETHUSD Reversing Back Upwards from Double Bottom PatternYes, I understand that we've been gaining the past 11 days in a row. However, take a look at the previous pattern back in Feb - March right before the pump up to $4000 during the NFT craze.
From that double bottom pattern, we saw a bounce off the $1576 level all the way up to $4,300 and then came back down after that.
At the moment, ETH came back down from that spike upwards and created a higher low with the double bottom forming at $1784, a higher low indicating that the bullish momentum is still there.
Perfect entry would've been between $1784 - $2022 going long towards the 1st wick of this downtrend holding the price back around the 1.618 Fib level @ $2709.
I'm first taking profits on my position at that level and looking to re-enter after it is rejected. There should be some consolidation pretty soon, this growth is unsustainable for the long term and needs to cool off at some point.
Even if we pull back a little bit on BTC and ETH, this does not change the sentiment in the market and most likely it will be a liquidity stop hunt.
We are going to 100% see higher highs than we posted earlier this year in May and those numbers will look like nothing Coming up, we have the EIP-1559 going live early Thursday morning and that has not been priced in yet.
Everybody saying that EIP has been priced in does not know the implications of the Improvement Proposal. We spiked up to $4300 with horrible fees and users paying astronomical gas fees in order to trade their NFTs, sending a lot of the new user trading volume towards the Binance Smart Chain network.
This EIP is another fix stepping in the right direction to rendering Ethereum usable in terms of DEXs & DApps.
Please view my related idea of calling out the bottom out along the $2,022 support level. Thank you all !!!
As always please do your own research, I am not a financial advisor.