$YFIUSDT - Retest of this resistance as support looks promising Hello everyone!
When the market is down there are several alts that remain strong, one of which is YFI, the others are AAVE, COMP and during the last days - ETH.
YFI tested the previous dynamic resistance as support which gives a clear sign of bullish continuation.
With almost 2 billion long liquidations money will start flowing in from vaults.
The market at current is still overpumped but will stabilize on few days. YFIUSDT may drop to 64600 before another upside attempt.
Marketsurfer
$CHRUSDT - Bullish flag and possible ABCD pattern on the watchHello everyone!
Chromium is testing a very important support level.
I drew this long position setup for test purposes, the best is to wait for a breakout and go long.
The market will soon end the correction when all coins are oversold, which in CHRUSDT is happening now.
When going long, mind resistances ahead and close positions partially accordingly.
$ZECUSDT - On its way to 800Hello everyone!
Zcash is on its recovery cycle, heading towards 700-800.
The pair has made a breakout from the ascending channel and doesn't seem to be giving up it's bullish pace.
Although RSI on all time frames show extreme overbought, it might as well correct to 326 and 290 (less likely but possible)
The pace is high, so ZECUSDT will reach 800 anytime soon as it enters a new impulse.
$REEFUSDT - Possible head and shoulders?Hello everyone!
The market is mostly red today due to the escalation of conflicts worldwide and the upcoming US inflation data, so be very careful as the market could be very volatile today.
As for REEF, been watching this for a while now, I really hope that it won't form a right shoulder, although there are similarities in chart formation see below
So three two important supports to watch here are $0.46, $0.41.
So far retested the dynamic resistance as support three times on a 4H chart and is holding above it, meaning buyers are not giving up on REEFUSDT, the worst part is the right last impulse was not able to spike above the high of February 11. At this stage I find the best BUY opportunity only above $0.51 and the best of the best - above $0.53
$CAKEUSDT - Bullish flag, just wait for it to confirmHello everyone!
Bullish flag spotted on PancakeSwap.
Although the pattern is completed and it should resume bullish, I highly recommend to wait for a breakout.
If sell-offs continue, there is a strong support at $30 - $28 area, which is a great buy zone.
$ORAIUSDT - Oraichain long setupHello everyone!
Going to long Oraichain, the altcoin retested the support at $25, hence forming a pattern slightly similar to inverted head and shoulders.
There is a possibility that it will drop to 25 before another uptrend though.
Do not trade with high leverage and risk your money.
Best of luck!
$TIDALUSDC - Stir-fry pan patternHello everyone!
Silly title for a silly chart.
The curve formation of Tidal is confirmed, as the pair was launched for the trade it dropped, like many coins do, Tidal looks to attract some buyers recently.
Plus testnet 2 is almost 70% completed, so waiting for the app release, could be the next ORN.
$SNXUSDT - Elliott wave analysisHello everyone!
It seems that Synthetix found a strong lasting support at $13, which should act as a booster of the SNX.
Synthetix according to the EW has completed the 4th wave, as usually 4th wave is 0.618 of the 3rd wave.
Although I highly recommend you to go long upon the breakout of the dynamic resistance.
Expect volatility today, remember the BTC futures settlement.
$TVKBUSD - Finally, uptrend is hereHello everyone!
I believe it is time to firmly say that TVK is bullish.
After setting a new low, TVK moved upwards with a high pace, hence, I believe it is in the first steps of establishing new ATHs.
$STXUSDT - Triangle on the watchHello everyone!
This is the first time I'm doing analysis on STX, hope it will work out.
It is also possible that STX will retrace a bit to test the lower edge of the triangle then resume upwards.
Nevertheless, I highly recommend to wait for a breakout and retest confirmation.
$WAVESUSD - Breakout confirmedHello everyone!
I know it's a tough market right now, the fear is high but let's follow the technical analysis though be happy with all small profits.
The retest of the dynamic resistance as support is yet to be confirmed, waiting for the closing of this candle over it and another green candle to go long, or long it at 15.50.
Resistances are on the chart.
Good luck with your trades!
$LRCUSDT - Inverted head and shouldersHello everyone!
Adding LRC to my watchlist and a basket of alts.
Loopring has made a breakout from the triangle and retested it's upper edge as support, now it's moving upwards with higher pace, so expecting new ATH's for this coin soon.
See resistances on the chart, each resistance is a TP point.
In general, look towards DeFi coins, DeFi's 2 wave has started.