The ability to turn the month and quarter by altToday we have come to a new turning point in the market. Before the seasonal growth, the picture was spoiled by a powerful pullback of the euro, about the possibility of which I warned in the last review. But the crypt was in this period waiting for the moment for growth. Without significant volatility and sales. Today we are going through the middle of the monthly candle, which seasonally is the time of purchases, and from today there is an opportunity for monthly candle reversals on many coins. An additional reason for the reversal is the end of the euro rollback and an attempt to move to further medium-term growth. With an optimistic scenario and an increase in purchases in the market, this season may last until October with a reversal of quarterly candlesticks into bullish ones and attempts to maintain the trend in the last quarter.
In case of an increase in purchases, this week we can expect an attempt to continue moving to 2100-2250 on the air, which are still the main immediate goals. However, the second half of the month opened below 1850, which is a deterrent. In the coming days, a lot of strong statistics on the United States are expected, with the help of which the Amers may try to restrain the market until the end of the growth season. With the release of positive statistics and an additional drawdown of the euro, the ether can go to the 1750 test against the background of the opening of the second half of the month below 1850, but with a new attempt to reverse the month before the candle closes against the background of the opening of the month and quarter above the level, which all this time allowed to compensate for the drawdown of the currency market.
Altos have shown more negative dynamics than tops in recent months, and therefore a very powerful potential for growth has accumulated. For individual coins, breakouts of several x's have already clearly shown this. However, so far the growth has been for single projects and non-systemic. At the current turning point, Binance is taking measures to attract attention to altos with new listings. Today they also gave support to front, which I recommended for work. The goals for it are still much higher. Measures have also been taken to maintain atm and asr phantokens by adding loans for these assets. They have not yet given work-offs this year, unlike the rest of the group's tokens. There is a possibility of powerful breakouts similar to the spring movement on og.
An attempt to reverse is already being observed for individual coins. Uft has drawn a double bottom on the weekly chart, which can give a rocket immediately to the 1.0+ area. Vib and pros are also trying to grow on smaller timeframes. These coins still have the greatest technical potential for growth with possible breakdowns similar to the spent acro, which took all the intended goals. cvp perl has a similar potential. WTC for dock ooki amb oax vite front epx burger also have goals of up to 150-200% from current levels. Fida drep hard wing returned to powerful supports, which can show good rebounds. Among the low-liquid assets, asr atm torn and pnt with a potential of up to 3-5X remain the most interesting. Om pivx voxel df chess looks good for scalping up to 50-70%. Among the strong projects at interesting levels are vidt and gft, which are suitable for more reliable investments in medium-sized.
Pros
Seasonal Crypt Growth with Powerful Positive SignalsTo date, we have come to another opportunity for market growth. The second half of the year, after an intense struggle, opened above 1900, which gives support and opportunities for 2250-2500 test attempts. The continuation of the trend in a row from the first numbers was disrupted by the drawdown of the euro, which I warned about, because quite strong pullback signals were left. However, this movement was only a pullback, after which the dollar continued to fall. Until the end of the month, I think the crypt will continue to adjust to the position of the euro with large bullish monthly candlesticks, which is already observed for xlm xrp sol and individual ixanuvshiy alt. The main positive factor will be the consolidation of the euro above the key level of 1.125, which will give a signal to fix the bullish trend.
Investments in alts are still rather sluggish due to the lack of a clear continuation of the trend in the tops and the foreign exchange market. However, there are more and more reasons for bullying. The drawdown of the dollar gives the green light to the crypt. Against this background, the ether opened the second half of the month above the opening of the monthly candle, which increases the probability of purchases by the end of the month on candle models with targets at 2250-2500. Due to these factors, we observed a significant increase in purchases from the move right before the opening of the second half of the month, which showed a strong increase in buyers for this period. Also, July – August are seasonally a powerful period of growth.
Basically, bitcoin is slowing us down so far, which opened the second half of the month less positively. However, we are still confidently holding 30k. The half-year is also open above. At the moment, the growth of coins is due to the distribution of funds from the cue ball for other projects. I have pointed out this prospect in many recent reviews, in particular, I expect a further decrease in the dominance of the cue ball with goals by 40-45% under an optimistic scenario. That is, even with a long flat, the cue ball will lose most of the coins. In particular, in my opinion, the probability of going to 0.10-15 of the eth/btc pair prevails.
And so we opened the half-year, the month and the second half of the month well on the air, and therefore there are high chances to see an influx of buyers from the second half of this week to the middle of August under an optimistic scenario. Negative factors can only be the collapse of the euro below 1.1, which is now possible only at the end of the month, and the collapse of the cue ball to 25-27.5 against this background. The probability of sales has dropped to 35-45% so far in my opinion. But since sales are possible only at the end of the month, this week is quite safe for topping up with possible breakdowns on individual coins.
So far, in my opinion, uft perl vib cvp pros have the greatest potential, which can show growth up to 3-5X. Also, wtc for dock ooki oax vite front epx burger amb has a potential of up to 150-200% from current levels. Fida drep hard wing returned to powerful supports, which can show good rebounds. Among the low-liquid assets, asr atm torn and pnt with a potential of up to 3-5X remain the most interesting. For scalping with a potential of up to 50-70%, om snm pivx voxel df chess looks good. Among the strong projects at interesting levels are vidt and gft, which are suitable for more reliable investments in medium-sized.
V-BOTTOMTrading V-Patterns
The recognition of patterns and its body of knowledge of how to react and what to expect helps a trader's success.
Traders are always analysing 'Trends' and 'Reversals.' Their eternal question for traders is 'Can the trend continues?'. Knowing trends and trend reversals are critical for any trader’s success.
Chart patterns classification of 'Continuous' or 'Reversal' patterns helps
traders to identify specific patterns and expect their outcome from current price action.
Traders move prices between key support and resistance areas (a tug of war) as their perception shifts between optimism and pessimism. This movement of price adhering to key support and resistance areas create chart patterns.
Reversal patterns exhibit a total shift of trends from bullish to bearish or bearish to bullish in a single pattern structure.
Examples of the reversal patterns are 'Head and Shoulders, Double Tops and Bottoms.
A knowledge of reversal patterns helps traders to estimate the 'end of trends' to execute trades in a timely fashion for maximum gains. This knowledge also helps traders to time the trades in the opposite direction and to place smaller stop levels.
Here I discuss one of the key reversal patterns ('V Chart Pattern') and present examples of how to trade them.
Please note, all V patterns are classified as a bullish 'V-Bottom' and complimentary
bearish patterns ('V-Top').
V Patterns As the name implies, the 'V' chart patterns have the letter 'V' shape and prices shift their momentum from an aggressive sell-off (Bearish) to aggressive rally (Bullish) in its structure.
The 'V' pattern consists of rapid price action and may not be suited for all
casual investors.
The 'V' patterns are formed when its trend is sharply switched from bearish to
bullish (in case of V-Bottom) or bullish (or sideways) to bearish (in case of V-Top patterns).
Trading V-Patterns.
EURUSD Chart it’s a mirror example of how a V-bottom structure looks like.
How to Trade:
Long Above the breakout Neck Line 1.07868
Stops:
Below the low previous to the breakout 1.04819
Targets:
38% Depth 1.12545
62% Depth 1.15479
79% Depth 1.17569
100% Depth 1.20230
we are preparing for an attempt to reverse the monthThis week, as the middle of the month passes, you can prepare for an attempt to reverse not only the altos but also the tops. In particular, the broadcast with the opening of the new month went according to a negative scenario for a retest of 1750-1600 under the pressure of a cue ball. But at the moment, the sales period is coming to an end and from tomorrow we can expect an increase in buyer activity. In an optimistic scenario, the goal will be to close the half-year above the strong levels of 2100-2250. That would ensure growth in the second half of the year.
I still expect the continuation of growth in the eth/btc pair to the area of 0.1. After the currently drawn lower shadow on the monthly candle, there is also a high probability of the candle turning bullish with trend consolidation. That is, according to the general picture, I expect a new wave of falling bitcoin dominance.
As part of the upcoming growth wave, it is possible to make top-ups on the most oversold coins such as uft vib pros for cvp wtc ooki dock perl pnt asr atm torn. Oax epx fida amb snm fio pivx burger, which are well suited for scalping, also came to powerful supports with the potential of rollbacks up to 50-70%+.
uft is ready to give a boost amid the growth of alt dominanceFor today, UFT has accumulated along with vip pros vs fortran perl has top growth potential with the highest technical goals for retest up to the range. While the main medium-term goal for him is an attempt to enter the range 1-1.25. Since there has already been one rebound, it is worth paying attention to how we will pass 0.675-750. Ideally, a new monthly candle should open above 0.75. When opening lower, there is a high probability of retest 0.6 and 0.5 before continuing growth. While the fall has been completely stopped on the daily chart, a reversal has already formed at 4 o'clock. In my opinion, a short-term hike below 0.35 is possible only with strong pressure on the market with a drop in the cue ball by 22.5 and a parallel increase in the dominance of the cue ball to 50%, which is less likely so far. Also, a trading pair was added to usdt by uft, which adds liquidity and can significantly increase volatility during a breakdown. The project itself is also quite promising and admins are actively trying to promote it.
The key moment in the dominance of the crypto marketTo date, as we approach the middle of the month, the picture of dominance in the crypto market has begun to change pleasantly. The dominance of the cue ball is confidently approaching strong support at 47.5% from which it was not possible to give a stable bearish trend. From above, I indicated a technical signal for continued purchases, which was supposed to provide a reversal from the retest of the trend line formed earlier from the range of 43.5-44.5%. However, this signal was worked out immediately and today we can see a stable drop in the dominance of the cue ball by 40% by the end of the half-year as part of the rollback on the half-year candle. But the preponderance of this scenario is still insignificant. With a very negative picture, the second half of the month may open above 47.5%, which will give a continuation of growth with a test of 50%. According to the violas, in this case, the summer will be extremely low-volatile.
Also, the preponderance of the probability of a drop in the dominance of the cue ball is indicated by the reversal of the dominance of the altos. The indicator already shows the end of sales, under an optimistic scenario we will be able to open the second half of the month above 10%, which will give good support to the alt market even if the cue ball goes to 22.5-25k for the summer.
So far, the attempt to reverse the dominance of altos already makes it possible for individual coins to work out reversals on a monthly schedule. The most interesting for me today are uft vib pros torn perl. You can increase the positions for wtc ooki dock pnt asr atm.
Opportunity for the altseason To date, the market has consolidated after a monthly pullback and there are new opportunities for growth for individual coins to turn the weekly candle into a bullish one. Unfortunately, the topcoins did not check the support with daily pinbars, as we would like, and were delayed, which greatly reduces the further growth dynamics. However, the goals are still 2250-2500 on the ETH and 32.5-35k on the BTC, and there should be at least a second attempt to grow on the retest of the previous week. But the most attention is now attracted by the dominance of bitcoin. The powerful level of 47.5% was successfully broken through and there is a trade around the intermediate 47.25. In the case of a departure below and especially a breakdown of 46.75, there is a high probability of a stable trend with test targets of 44, 43.5, 42.5 and a possible departure below by the end of the year. Even against the background of sluggish dynamics of the tops, such a decrease in dominance will give the violas an opportunity to double-check the hai. If the fall of dominance is superimposed on a new wave of top growth, then we will see very powerful breakouts on the alt.
While I continue to work with uft pros vib cvp torn perl for pnt ooki and asr atm fantokens, which retain the highest technical goals for growth. Today, torn has every chance to turn the weekly candle into a bullish one again in the 12.5-13.5 area with sufficient volatility.
the next gifts by tornAgainst the background of statements about the lifting of sanctions, torn continues the trend. Finally, they have gained a foothold above $ 10, now this level is becoming a powerful support. Next, we can expect several waves in the range from 10 to 12.5-13.5 with further attempts to test $ 15. Not so long ago there was a small unlocking of coins, but apparently they are not in a hurry to throw them off yet. I think there is a chance of coins being thrown into circulation around $ 13, which will create additional waves and smooth out the dynamics a little, but will not cancel the goals on the test of $ 21-25 in the future. To date, against the background of the reversal of the weekly candle, it is possible to continue scalping into purchases.
nebl prepared up to 10xAgainst the background of delisting from the binance exchange on the nebl coin, unique conditions for purchase have formed. Thanks to binance, technical marks were left on the retest of the range of 2.5-3.5$, which are the goal and will be worked out in the long term. The main buying zone is a strong support in the range of 0.125-0.210. The minimum target for growth is a retest of the first resistance at $ 1.25-1.5. When this price is reached, the profit already reaches 800-1000%. After delisting, the deadline for price growth remains a difficult issue. In a very positive scenario, a sharp increase is possible already this month with a reversal of the monthly candle. With a more negative trend, it will be smooth with the achievement of the goal in a few months. However, the probability of growth remains high and the coin is well suited for medium-term investment. There is a high probability of listing on new exchanges with such a technical picture.
Among the more liquid coins that are traded on binance, I continue to work with uft pros vib cvp torn perl for pnt and asr atm fantokens. The likely targets for them in the near future reach 300%.
$PROS look ripe to explodeHere is a quick analysis about prosper's coin $PROS
Everything in the charts looks like this tokens wants to explode up. Price on the daily is being pushed higher and higher by an uptrend triangle, it has just retraced 0.618 right on point, is on a nice 30+ days uptrend. Looks ready to go to 1.4 or even higher
It is also supported on the project side, as propser is having a huge superbowl prediction event and is about to start big marketing through influencers for it.
Expect & enjoy volatility and nice price action on this.
Prosper (PROS) formed bullish Gartley for upto 65.50% rallyHi dear friends, hope you are well and welcome to the new trade setup of Prosper (PROS) with US Dollar pair.
On a 4-hr time frame, PROS has almost completed a bullish Gartley pattern.
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
PROSBUSD - Bullish Harmonic Pattern - ReversalBullish harmonic pattern marks a potential reversal zone for PROSBUSD.
Important Note: This idea doesn't include any financial advice. Take your own risk.
PROS has been associated with a growth of 57% in the past day!PROS has been associated with a growth of 57% in the past day. Buyer support on this currency has caused a strong pump from the $0.85 support range. The resistance in the range of 2.06 to 2.42 dollars for this currency is a very important range. Because in case of breaking this resistance and confirmation, we can expect that the trend of this currency will rise in the weekly time frame. The price is now inside a medium-term bullish channel, and the channel's ceiling has overlapped with the indicated resistance. On the other hand, due to high buyer power, negative divergence is not observed. The last daily candle has broken the midline of the ascending channel, and this range could be the closest valid support for continuing the trend.
Prosper ready to finish the cup&handle pattern (PROS/ETH weekly)Weekly chart for PROSETH. It looks like we have a Cup&handle chart here, haven't we? What do you think?
Important Note: This idea doesn't include any financial advice. Take your own risk.
PROS bullish set-up (Token release slowing down DEC)Private sale investors start receiving fewer daily token releases starting December. Recently acquired by ANimoca BRands (+ all tokens)
Looking for 2-300% by Late Jan
Binance: PROS / ETH buy / long H4Binance: PROS / ETH buy / long H4
Entry: 0.005
SL: h4 close below 0.0035
TP: 0.0085 - 0.0014 - 0.0025
PROS/ETHBreaking out on Weekly , 3D & Daily time frames , looks bottom is in for this one in my opinion.
- Never pumped after Binance listing
- Less than $10M Market cap
I expect to hit those targets in 3-4 weeks.
NOT FINANCIAL ADVICE , DYOR.
PROS/ETHits on do or die level , RSI is in oversold area .
Not bad to buy some & wait for a pump . when it move it moves fast.