Cardano in the accumulationThe local trend is upward.
The price has held the trend line.
We are at the support level.
I expect the retest of the support level and the trend line, and after reaching the target indicated on the chart.
Tether
Litecoin at the beginning of the correctionThe global structure and trend of the coin remains downward.
Stochastic RSI shows overbought on 4H.
On the 1H timeframe the price has formed a double top pattern.
Bounced back down from the 200MA on the 1H timeframe.
I expect a decline to the $126.19 level.
EOSUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
We are in the daily time frame. The price has broken the S1 line which was previously the Resistance line. It has also made its pullback to this line. We can buy it here and save profit at the R1 zone. If R1 is also broken and the price stabilizes above it, R2 would be the next target. If the price comes lower than the S1 line, there would be more falling.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
ZILUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
We are in the daily time frame. The price has broken the S1 line which was previously the resistance. The price can make a pullback to the S1 line and then go up. Or it can go up straight from here. You can buy half of it here and keep the other half at the S1 line in case the price comes down. R1 and R2 areas are good places to save profit.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
FIO Protocol Vs Tether Weekly Chart | 444% Potential ProfitsOn top of the market cycle, the market sentiment, the clear signals we see of a bullish wave developing for the Altcoins, we are going to be looking at two signals on this chart.
We have the candle from 29-Jan. which is a high wave candle at the bottom of a trend.
This candle can signal indecision (for the continuation of the downtrend) and at this point a potential change of trend (reversal signal).
The negative nine in conjuction with this candle is really strong.
After the high wave candle, we have a bullish candle and now prices are starting to move up.
We also have the BTC pair starting to grow (FIOBTC).
The week just started.
If we see FIOUSDT breaking above EMA10 ($0.1212) this week, we can easily see additional growth in the weeks to come.
On the downside, the red line on the chart is for support/stop-loss.
Namaste.
Good opportunity with a good RRRThe price is near the lower boundary of the ascending channel.
Locally Dogecoin is oversold.
I believe that from the current price it is possible to gain coins to the target indicated on the chart.
Polkadot will riseThe price formed an ascending wedge and broke the resistance level.
The stochastic RSI is locally oversold.
I expect a retest of the lower boundary of the wedge and then a rise to the target indicated on the chart.
Litecoin goes together with EthereumThe price formed a double-bottom pattern, made a reversal and reached the resistance level.
Local oversold on the 4H timeframe.
I think that from the current level we will correct to the nearest support level.
An important level of resistanceThe price is approaching an important resistance level.
Local overbought after the pattern of a cup with a handle and continuation of the trend.
I expect a further bounce from the resistance level to the indicated support levels.
The price formed a double bottomGlobally, the movement is taking place within the downward wedge.
The price rebounded from the liquidity zone, formed a double bottom and also broke the downtrend line.
I expect a test of the resistance level of 0.15702.
Range narrowingThe global upward structure persists, but the trend is downward.
We went down to the liquidity zone, from where we unsuccessfully tried to break the trend line.
Locally oversold. I believe that it can go down to the lower boundary of the liquidity zone.
Smooth Love Potion | The Path to 875%Smooth Love Potion (SLP) had a major breakout two weeks back and it is now entering its second wave.
After the initial breakout we get a correction and then additional growth, this is marked by the red and green arrows on the chart.
The sideways consolidation can vary, for example:
1) You can see a 7-9 days total correction and then prices go up.
2) Or, you can see 15, 20, 30 days total correction and then prices go up.
In both cases SLPUSDT would stay within the previous low.
1)
2) Main chart above.
Patience is key.
Many more opportunities are developing.
While the markets consolidate take the time to study.
Support my work with your love, likes and comments.
I'll be back again tomorrow.
Thanks a lot for the amazing support.
Namaste.
Chainlink (LINK) Analysis | Weekly TimeframeChainlink (LINKUSD) is also one of the TOP/major altcoins within the market by capitalization and it doesn't look like it is going to go up.
There can be a bounce right away at support... Hold on, let's start from the beginning.
We are looking at the weekly timeframe/long-term chart for Chainlink vs the Dollar.
Prices are trading below EMA100/50/10.
A new high was hit back in May 2021 followed by lower highs.
The MACD is strongly bearish below zero and also below support.
Last weeks candle closed bearish after a rejection at EMA100.
This can lead to a test of the next important support level at around $12.38.
This is the Fib. retracement level 0.786 of the full bullish wave from March 2020 until May 2021.
If this level holds as prices drop, we can see a bounce (blue arrow).
After this bounce we can examine the chart again.
If the Fib. retracement level does not hold, we will see a strong crash... Maybe we will just see a long wick down and then prices start to grow, who knows...
But this is also part of the big ones, it is looking bearish like all the other ones.
Either something changes or we are getting closer and closer to the final flush.
The markets can always change.
I hope you are enjoying the content but keep in mind that I am only reading the chart.
Namaste.
Decred Attempts Bearish Channel Breakout (122% Mapped)The USDT pair for Decred (DCRUSDT) is also going bullish as it challenges EMA50 today.
We have small trading volume today but above-average and growing.
We can see a clear descending channel marked while the indicators are turning bullish (MACD/RSI).
You can find the targets and support levels on the chart.
Namaste.
Litecoin | Multiple TimeframesLet's get straight to it as I've been drawing for a while now... We start with the Monthly timeframe for LTCUSD.
We have many bearish signals in this long-term chart.
Since this is a long-term chart the effects of these are not immediately visible as market action, it can take a while to develop.
We have a very long-term double top, marked with the cup pattern.
We have long-term bearish divergence from 2017-2022 with the MACD and RSI.
MACD:
RSI:
The May 2021 candle is what gives it away.
Notice it has the highest volume ever for LTCUSD on Kraken.
Notice that it is a bearish high wave candle at a new ATH.
This candle was followed November 2021 with a shooting star, which seals the deal as LTCUSD followed to close below EMA10 and EMA21.
We can only consider the bullish potential again above the "strong resistance" on this chart.
Any trading below this level and LTCUSD remains open to decline in value.
Let's have a look at the weekly chart.
I will keep the same drawings and just read it for you...
We can see a rejection at EMA100 as prices try to recover from the current drop and then again.
We have a bearish cross of the EMAs... Litecoin is facing downward pressure... Let's wait and see how it looks in a few days.
Thank you for reading all the way.
Alan Santana
Namaste.
KuCoin Token (KCS) | Multiple TimeframesKucoin Token vs Tether (KCSUSDT) has an interesting chart.
We will be looking at multiple timeframes.
Let's start with the monthly...
Here we can see KCSUSDT in a strong uptrend starting January 2021. That's over a year of continued growth.
The first peak happened in April 2021 and then a new high just shy of the previous one in November/December 2021, basically the same as Bitcoin.
The trading volume has been declining ever since January 2021, this can be considered a continuation signal on this chart or a distribution phase.
KCUSDT monthly stays bullish above EMA10 or $15.8.
Below this level we will see a test of lower support around $11.11 or EMA21.
In general, the technicals are bullish but near resistance/high prices, corrections can develop at anytime.
Now the weekly timeframe to get more in-depth information:
The pattern we are seeing can break either way and is a consolidation pattern.
EMA50 is working as support on this timeframe and has been tested three times, this coincides with the rising trend-line.
You can find the potential targets and support levels on this chart.
To finish, the daily timeframe makes it clear that we are in a decision point:
KCSUSDT is trying to resume its rally but this is not confirmed until prices move and close above $23.5... Trading below this level can increase the risk of a sudden drop.
The longer KCSUSDT remains below the last high, the higher the chances that it will correct before additional growth.
I would be really cautious on this one until a clear buy setup shows up.
Thank you for reading.
This is not financial advice.
I am just reading the charts.
Namaste.
Polkadot | Weekly TimeframeThis is the last Altcoin we will look at today.
Polkadot (DOTUSD), weekly (W) timeframe.
We have the same base as the other Altcoins we looked at, namely ETH, ADA & SOL.
That is a bearish candle this week with bearish indicators.
Both the MACD and RSI are trending lower.
The mixed signals here are coming from the ascending trendline of the giant flag drawn.
The rising trend-line can work as support and the uptrend resume... If this support fails we are likely to see lower.
I also looked at the 3 Line Break and Renko charts and they are fully bearish...
We will know soon anyways.
Thank you for reading.
Wishing you a lovely Sunday.
Namaste.
Solana | Multiple TimeframesWhen we look at Solana (SOLUSD), we have basically the same chart as with Ethereum (ETHUSD)... Let me show you.
This is ETHUSD
The only difference is that ETH is a bit behind.
This is SOLUSD daily:
We can know where Ethereum is going based on where Solana is at.
We can know what Bitcoin will do based on what Ethereum is doing... Looking at Bitcoin it isn't quite as clear but the major Altcoins are giving out some bearish signals already.
The weekly chart isn't any better for SOLUSD:
We have a rejection at EMA50 and a full bearish candle this week.
Even if next week starts green, the charts are telling us now that these pairs are ready to bleed.
More to come.
Make sure to FOLLOW and LIKE for more Altcoins.
Namaste.
Beta Finance vs Tether Goes Bullish (395% Potential)Beta Finance vs Tether (BETAUSDT) is looking better than BETABTC.
The charts are basically the same but as you can see from my targets this pair has higher potential for profits.
Let's read the chart now.
We can see a very strong downtrend until Jan. 24.
Right before this date we had a challenge of EMA50 on high volume, followed by a rejection and then another try at resistance.
Currently, BETAUSDT is challenging EMA50 with a volume breakout and bullish indicators.
We are aiming UP!
Note: If prices drop below support, the last low/bottom price of blue rectangle, this analysis is invalidated.
Wishing you great profits & trade success in the week ahead.
Thank you for reading.
Namaste.
LTCUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
We are in the 4-hour time frame. You can see that S1 was previously a resistance line which is now broken and the price has made a pullback to it. You can set a Buy order here for the R1 resistance.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
DOGEUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
We are in the 4-hour time frame. There are the S1 and S2 lines which the price has hit two times. R1 is also the next resistance which the price has touched two times. We are now between the R1 and S1 lines. We can buy when the price either reaches the S1 line or breaks the R1 line. We need to wait and see which side the price goes to. It is very likely for the price to break the R1 line.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
SOLUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
We are in the daily time frame. There is the S1 line which the price hit 2 times and could not break it but did so on the third try. It has made a pullback to it and we have set the Buy order. There is the R1 resistance which confluences with the R2 resistance and turn it into an important resistance area. If this area is broken, it can move up to R3. But if the price goes below the S1 line, it will fall down to the S2 line.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
BNBUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
We are in the 4-hour time frame. The price has created the S1 support line. We expect it to fall down to this line once more. As long as it is not able to break the R1 line which it has hit several times, it will not be able to move up to R2. If the S1 line is broken, the S2 zone will be the next area of support. So we need to wait for the price to break one of these lines to be able to decide more easily.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
