Litecoin Steady at Relative HighsLitecoin has gained strength, but is still facing resistance from $209. We have faced resistance here before, and may be forming a long term bull wedge (extending back to October) with an upper bound at this level. Volatility appears to be consolidating here, so watch for a breakout at some point. Our next target is $217. If we cannot muster the strength for another breakout, then we expect support at $202, $195, or $191. If those levels do not hold, then there is a vacuum zone below to $184 then $174.
Hodl
Bitcoin Soars Just Below All Time Highs!! 📈🤑Bitcoin soars above resistance just inches below new highs, hitting our profit target exactly! We have been calling out $66.3K as the next target for BTC for some time now. Currently we are hovering just below it, but momentum seems pretty strong still, as confirmed by the Kovach OBV which has risen notably. If BTC can muster the strength for another rally, then we are set to break $67K and make new highs. The next target is $68.6K. Piling into a long trade at current levels would be FOMO, but we should see support below at $64.3K, or $62.4K.
Ethereum Makes New Highs!! 📈🚀Ethereum has broken out to make new highs! We have pierced through $4616, and are about midway through the vacuum zone to our next level at $4858. We are seeing a series of red triangles on the KRI, suggesting that ETH is running into resistance and may retrace soon. If so, expect support at $4616, then $4450. The Kovach OBV is still relatively strong, but has tapered, suggesting that ETH may have topped off for now.
BTG - Trend-Following Setup!Hello everyone, if you like the idea, do not forget to support with a like and follow.
BTG is overall bullish and now approaching the lower blue trendline so we will be looking for buy setups on lower timeframes.
on H4: BTG is forming a trendline in red but it is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple)
Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone)
Meanwhile, until the buy is activated, BTG would be overall bearish can still trade lower. And for the bears to take over, we need to see a break below the 50.0
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
CAKE - Wait For The Trigger!Hello everyone, if you like the idea, do not forget to support with a like and follow.
CAKE is approaching a strong support and demand zone so we will be looking for buy setups on lower timeframes.
on H4: CAKE formed a wedge pattern but it is not ready to go yet. Before we buy, we want the bulls to take over.
Trigger => Waiting for a momentum candle close above the last high in gray to buy.
Meanwhile, until the buy is activated, CAKE would be overall bearish can still trade lower and dive inside the blue zone before going up. In this case, we will be looking for new buy setups to form.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Litecoin Retraces from HighsLitecoin has weakened, retracing from highs at $209 to support at $200, after breaking past $202. We briefly tested $195, before regaining the $200 handle, barely. These are all levels we have identified in previous reports and have been eyeing for the past several months. The Kovach OBV has taken a nosedive, so if weakness persists, expect further support at $191, $184, then $174. The double top at $209 looks pretty ominous, but we first must crack this before we can consider higher levels, $217 being the next target.
Bitcoin Ranges, Volatility ConsolidatesBitcoin is ranging, but volatility appears to be consolidating at $62.4K. We are currently finding support at $61.6K. The Kovach OBV is completely flat, suggesting we should not expect any immediate drastic moves, however the volatility has consolidated quite a bit which suggests that we will breakout soon. Our next target is $64.3K from above. If weakness sets in, then $59.4K is the next level down.
NOT A BREAKOUT PATTERNWe have seen this similar pattern with SHIB. This happens after rocketing to a new ATH and then many of the people just take profits and lower hype around it happens. Keep in mind that this "rocket" happened while bitcoin was also rising. They have corresponding movements like most crypto does.
If we see Bitcoin rise (which I am expecting) then we should also see ADA rise. Will it be to the moon? I'm expecting it to be a new ATH potentially around $4 however, that will take time. I do think ALTcoins have a lag behind bitcoin's pricing however it's only slight. I would recommend buying this below $2 as a great entry however current pricing at 2.01-2.03 should be fine as well.
HOLD SHIBARMYDon't be fooled by the FUD (Fear, Uncertainty, Doubt) Price has dropped to lower support level but No whales have begin selling their Shib. There are still large numbers of new incoming buyers at this lower price range. With the anticipation of new exchange listings many experienced investors are holding and ignoring the FUD. November and December are often huge months in the crypto market so in my oppion we are still in a good place. Patience is a required skill in this game, I hope this information was helpful and I wish everyone a Bless day!
BTC - Trend-Following Setup!Hello everyone, if you like the idea, do not forget to support with a like and follow.
As per my last analysis (attached below), we were waiting for BTC to break above the green channel for the bulls to take over again.
BTC is still overall bullish trading inside the blue channel, and since it is retesting the lower bound (lower blue trendline) we will be looking for trend-following buy setups.
on H1: BTC is forming a channel in red but the upper trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple)
Trigger => Waiting for that third swing to form and then buy after a momentum candle close above it (gray zone)
BTC is overall bullish trading around the 58k-60k support.
For the bears to take control we need to see a break below the 57k highlighted in orange.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Bitcoin Holds $60KBitcoin saw some volatility from the Federal Reserve FOMC minutes yesterday. We saw a large wick which dipped to support at $60K, but the $60K's are currently holding strong. Bitcoin has since rebounded to value around $61K. We are currently testing our level at $61.6K, and are finding support as confirmed by a green triangle on the KRI. Beware of the vacuum zone down to $59.4K. The Kovach OBV has dropped off significantly, so we will need further momentum to come through before we can consider higher levels again. But if so, then $62.4K will be the next resistance level before $64.3K.
Bitcoin Facing ResistanceAfter breaking out from the range Bitcoin held over the past week or so in the low $60K's, it has since found resistance at the next level at $64.3K. We appear to be establishing value in the very narrow range between $62.4K and $64.3K. There is a green triangle on the KRI just above the lower bound of this range, suggesting strong support here. But if this does not hold we will see further support from $61.6K, then $59.4K. Our next target is $66.3K. The Kovach OBV has picked up but tapered sharply, so we will need more momentum to come through before considering higher levels.
Litecoin Hits Profit Target!!Litecoin hit our profit target at $209, then pulled back slightly after facing resistance, as noted by two red triangles on the KRI. The Kovach OBV has grown steadily stronger, but we anticipate some ranging currently after breaking out of the previous value area. Anticipate support at $202, then $195, and finally $191 if the retracement continues. We should see further resistance at $209, then the next target is $217.
Ethereum Hits Profit Target!! Makes New Highs!!Ethereum has made new all time highs and hit our profit target at $4616 perfectly! We alerted you to this level yesterday. Currently, we are facing some resistance at our target, as identified by a red triangle on the KRI. We are hovering just below $4600 in the high $4500's at the time of this writing. Watch for ETH to establish value before another burst of bull momentum. We anticipate support at $4450 then $4258. Our next target for ETH is $4858.
ALGO - Critical Times!Hello everyone, if you like the idea, do not forget to support with a like and follow.
After breaking the orange resistance, ALGO has been stuck inside a range in the shape of a symmetrical triangle highlighted in purple.
For the bulls to take over, we need to see a break above the upper bound 2.13 marked in blue.
In this case, a bullish trend continuation would be expected till 3.0
In parallel, for the bears to take over, we need a break below the lower bound 1.55 marked in red.
In this case, a bearish reversal would be expected till around 1.0 where we will be looking for buy setups.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
BUY NANO AS MORE YOU CAN "VERY BULLISH"very bullish chart and got strong support zone at $4.79
strong fundamental >>> 1.Team 2.Tokenomic 3.Standard RoadMap 4.Great idea & good whitepaper