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.
Tether
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
BTCUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
We are in the 4-hour time frame. The price has completed more than half of our analysis. We expect it to come down to the S1 line in the first instance. If S1 holds the price, it will go up but if the S1 line is broken, it will come down to the S2 zone.
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
OMIThis coin isn't just some random coin, its been kept secret(not really unless you search for it), a token that is gonna be used for famous app with over 2+ million active users monthly(reported statistically), an app with partnerships with Disney, Cartoon network (love this show) with adventure time, usps, and Labbit, (DYOR rumors of Pokémon joining they have been trolling community is what people are saying, maybe they shouldn't have misspelled when they wrote about Pokémon, but its all fun game >:). OMI is the token that people are gonna be using to buy nfts on a L2-Layer 2. There will be staking, renting nfts, rankings, and more. They have a 3d metaverse like already in app(you should at least check that out, has a nice view :). They have already released drops like Mickey, Fantastic 4, Batman, Harley Queen, and Back to the future (more stuff better than tius but my phone is charging so I can't say them all right now). There is no cashing out system yet, but the past month, they have already created a system just need to do a lot of test etc. Why should we wait? This company is gonna be big so they have to run everything smoothly. They have talked about having this nfts not just for us grown ups but also for kids! They plan to release a kid feature for not only my kids to use, but also yours (obivisouly if your reading, chances are slim that you have a kid). They have 750 billion tokens 300-400 billion in vault and are never gonna be used. Tokens are burning from 100 million a day. 700million a week. The coin will go down these couples days. THIS IS A LONG TERM INVESTEMENT. I HAVE BEEN USING THEM FOR A YEAR AND I CAN GURANTE THAT THIS IS NOT FOR THE SHORT. GEMS ARE PURSCHABLE IN THE APP(NOT RECOMMENDED UNLESS YOUR BUYING NFTS)
Labbit will be breedable by the near end of 2022. SO IS THIS YEAR THE YEAR OF OMI/VEVE NFTS? I am gonna keep an eye out just incase I see more updates.
WHY IS COIN GOING DOWN?
Recently had a migration system for the OMI token to switch from Go chain to Etheruem.
Reminder: These are officially licensed so it wont have legal trouble like xrp. NO one likes getting sued:(
DONT MIND MY GRAPH JUST SOMETHING I DREW AND ALSO READ SOME ARTICLES THEY ARLEADY HAVE ABOUT THEIR TOKEN
-UTILITY TOKEN-
TICKET=OMI
Frax Share Challenges Resistance | 160% To A New HighWill the Altcoins detach from Bitcoin?
Or will they grow together?
We are seeing many Altcoins printing strong bullish charts... They are moving up.
This can be taken as a bullish signal for the entire market, as the Altcoins grow, everything grows.
Be aware though, there will be another flash shakeout soon in between the multiple price jumps.
...
Now, let's get to Frax Share vs Tether (FXSUSDT) daily chart.
The chart here is young so we don't have much data.
We are seeing a break above resistance supported by high volume and bullish indicators.
We have a ~80% potential target to the previous high.
160%+ to a new high.
It is looking good.
Thank you for reading.
Namaste.
Phala.Network vs Tether Goes Bullish | 300% Potential ProfitsWe have a situation with Phala.Network where both pairs are looking bullish now, the PHABTC and PHAUSDT.
This is PHAUSDT (Phala.Network vs Tether) on the daily timeframe.
We have a high volume breakout that pushed prices above EMA10/21, EMA50 is still being challenged today.
Seeing the strong RSI and how the PHABTC pair is going, we can expect this one to follow (green arrow).
Nice target at 300% but we can first at 20%, 30%, 50% or so... We secure our trade, rebuy and reload and then wait for some more.
You can find additional details on the chart.
Namaste.
BTCUSDT weekly, daily, 4 hour chart breakdownI like to use the 3 charts side by side for reliable analysis for swing style trading. Weekly is far left, daily in the middle and 4 hour on the right side.
In my last idea I said I thought Bitcoin was bullish but it was getting overextended after the recent strong move and I thought a pullback was coming.
In the middle chart (daily) you can see the resistance around 46000 and can clearly see this was a support level before. Support becomes resistance, resistance becomes support.
Price will need to hold the recent support at 42000 and break back above 43000 resistance shown on the right chart (4 hour time frame)
I am still bullish on Bitcoin but these levels need to hold and the resistance will need to break for this to continue.
Of course if 42000 breaks than 41000 will be the next key level to hold.
On the far left chart (weekly) I point out the strong resistance at 52000 and that will need to break before I will have full confidence in a move back to new highs.
Altcoins + Bitcoin All Good; EMA300 Holds, Next Target & SupportAltcoins market update below...
Feel free to hit LIKE and let's get started with Bitcoin NOW!
Bitcoin Short-Term Analysis
Bitcoin did a good number yesterday and managed to break above EMA300 on the 4H timeframe.
This level, the gray line on the chart, is being tested as support and so far holding.
The bullish bias remains valid as long as prices stay above MA200 (black line on the chart).
You can see the arrows for the projected bullish path.
Altcoins Market Update
We started preparing for the Altcoins market bullish wave a few weeks ago and things are starting to move.
Let me share some tips with you and what I see coming.
First, things are only getting started and the opportunities are endless within these cryptocurrency markets.
If you see a pair that interests you but you have doubt, let it go... Find one where you feel sure/certain, develop a plan and jump on board.
Second, if you find a pair that you like but the breakout already took place, step-back, sit-out, relax... This is not the time to buy, once a strong move happens it is time to wait.
With endless opportunities, there is no need to rush, there is no need to chase any trade.
Buy & hold, be patient and the market will take care of the rest.
As for the Altcoins market...
We are bullish on both the USDT (ALTSUSDT) and BTC (ALTSBTC) pairs.
We are already seeing many pairs grow.
Bitcoin can do sideways or consolidate if the Altcoins are really to gain strength.
We continue looking positive, this never ends.
Prices go up, prices go down...
We profit on the way up, on the way down we buy and we rest.
Thank you for reading.
Your continued support is highly appreciated.
Namaste.
Livepeer vs Tether Goes Bullish (333.3% Potential Profits)We just looked at LPTBTC (Livepeer vs Bitcoin) - check ' Related ideas ' below - and we are now on the LPTUSDT (Livepeer vs Tether) pair, both are looking good.
This chart is very similar to the BTC pair as we can see a test of support, in this case in the form of a rising trend-line as well as a break above resistance that followed in the form of EMAs.
With LPTUSDT trading above EMA10/21/50/100/300 and MA200, we can easily this pair print a bullish jump.
If I were trading I used a stop-loss around $27, a close below this level... And then just aim all the way up.
We are aiming long at 333.3% but short-term there can be 50% if the bulls follow up.
Feel free to leave a comment with your questions.
Thanks for the continued support.
Namaste.
Auto vs Tether Volume Breakout (215%+ Potential Profits)Auto vs Tether Volume Breakout (215%+ Potential Profits)
AUTOUSDT managed to come out its low and challenge EMA50 yesterday on strong volume.
This is an early move, meaning that it needs confirmation but the high volume and bullish indicators are good signals.
We can easily see AUTOUSDT growing in the days and weeks to come.
Conditions for change
The blue square is support. Below this level the above analysis is invalidated.
Good Friday.
Namaste.
ARPA Chain Giant Long-Term Rising WedgeWe have this huge ascending channel within which ARPAUSDT has been trading... It is helping us define a clear path.
We can see higher highs and higher lows.
Today, we can see a break above MA200, EMA100 and EMA300, opening the doors for additional growth.
The main bullish scenario we see happening goes with the blue arrow... All the signals and indicators are pointing up.
Namaste.
Ellipsis (EPS) Breaks Resistance | Is Time For Altcoins 2 Grow!We have another Altcoin pair doing really good on the USDT front; the BTC pairs are also moving... We predicted this weeks ago... ("Altcoins Going Bullish").
We can see really huge volume on today's candle, same day that EPSUSDT breaks above EMA50, signaling that the bear run is over and the bulls are now in control.
We have the confirmed breakout.
We have the broken resistance...
It is time for the Altcoins to grow.
Namaste.
Smooth Love Potion (SLP) Highest Volume Ever!Let's have a look at this one, Smooth Love Potion (SLPUSDT ) and we start with the project overview.
"What Is Smooth Love Potion (SLP)?
Smooth Love Potion (SLP) tokens are earned by playing the Axie Infinity game. This digital asset serves a replacement for experience points.
SLP are ERC-20 tokens, and they can be used to breed new digital pets that are known as Axies. The cost of breeding begins at 100 SLP but increases gradually — rising to 200 SLP for the second breed, 300 for the third, 500 for the fourth, 800 for the fifth and 1,300 for the sixth. Axies can be bred a maximum of seven times, and the seventh breed costs 2,100 SLP. This limit exists in order to prevent hyperinflation in the marketplace.
It can take time to accrue SLP through the game, and a player may need to win 15 competitions in order to gain enough tokens to perform their first breed. Purchasing SLP on the open market is a way for gamers to get a headstart."
source: coinmarketcap
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SLPUSDT Entered Binance back in May 2021... Clearly was followed by the strongest decline.
On the 3-Feb. SLPUSDT hit a low and what we are seeing now is the strongest of growth.
We have the highest volume ever and the RSI going off the chart.
A change of trend is certain.
After the initial wave, the breakout, we will have a retrace and then the next wave (3rd) should be the strongest of all.
I've mapped multiple targets on the chart.
Namaste.