Pennant forming on a pennant? DOGEDon't think I've seen something like this specifically in a long time so not sure what it indicates. Looks like a pennant formed off the previous pennant and subsequent upshoot. Hopefully, this helps the next leg higher as DOGEUSD continues to gain mainstream appeal.
Tothemoon
Soon it will be Litecoin's time to shine My targets for Litecoin valuation in USD are based on FIB levels, and are done by comparing current fib extensions of both BTCUSD and LTCUSD to fib extensions in previous bull cycles. The LTC/BTC chart also suggests these price targets.
In my opinion, LTCUSD might go above my marked targets if this move doesn't happen soon. The longer BTC keeps going higher while leaving LTC behind, the higher the price of LTC can go.
LTCUSD usually outperforms Bitcoin and makes parabolic moves in the last 2W candle of the bull cycle. I am suspecting we might have our top soon, and the LTC/BTC price chart seems to agree with this. It is possible we go a little lower, but I think we are already in the beginning of the last phase of this cycle.
Time will tell.
Remember, never trade based solely on someone else's analysis. Don't over leverage.
LOOM/USDC, MORE LONGS!Hello all,
Loom has made new highs and is currently on an overbought RSI on the 4hr chart. I point out areas where the RSI has been overbought on the 4hr chart; I am posting areas of interests I like as to where to add more longs if loom takes its breather. Use fib and follow the trend.
I am not a financial advisor, the charts and content I post are simply of my opinion based on technical analysis and information I read and listen too.
Good luck to all and trade safe!
STORMX LIFTOFF?StormX appears to be on the verge of a steep break out of the consolidation pattern that has been forming today following the breakout from the previous one that occurred this morning. What do y’all think? (This is Not financial advice. Invest at your own risk. Educate yourself before investing money you are not willing to lose)
BTCUSDT | Insane Pattern Is Going to Play Out!Hello, traders!
Let's talk about potential scenario for the Bitcoin price.
FUNDAMENTAL ANALYSIS
First of all you should know what are the reasons of the current correction. As we told in the previous analysis the first dump was due to huge amount of Bitcoins deposited on the exchanges. The supply exceeded the demand and the price went down. After that the price continued to go down because of two reasons:
1. The options for the Bitcoin with the expiration price $56000 expires on March 26th , thus the whales are trying to maintain the price below this level
2. Traditional markets looks not so good, as you remember there is a high correlation with the cryptomarkets.
Now we can see that the Bitcoin reserves is at the minimum, which in conjunction with the options expiration can be the reason of the Bitcoin trend change to the uptrend.
LONG-TERM TECHNICAL ANALYSIS
I found the insane pattern of the Bitcoin price action from January 9th to February 14th. The price have already completed the half of this track. According to this pattern $50000 is the dip which is going to be the extremely strong support. This level is also coincides with the 50-day EMA level, which was the support for the price during all the current bull-run. Another one point is the regular bullish divergence with the MFI.
SHORT-TERM TECHNICAL ANALYSIS
Let's take a look at the current Bitcoin price action. There are the big falling broadening and small narrowing wedges.
Now it looks like the price broke to the upside the small wedge. If this is not a fake breakout the green line can reflect the possible price movement. The next target is the upper band of the big wedge.
DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions.
Bears Got Smashed By the Musk, He needs Help!My previous prediction was playing out just as I predicted because the trading bots come on everytime BTC dips from a new high and they follow patterns. Heard $1 billion in btc was moved to a Coinbase Custodial Wallet yesterday. Then at 230am this morning I saw the craziest thing I've ever seen. Bitcoin shot off like a rocket from 53k all the way up to 56k smashing the bears. They couldnt handle it. What do you know its our Bitcoin friend Elon Musk . But he needs help. We need to help him drive up over the 50day ema . So lets go and drive this baby to the moon.
Hodl 'til the wheels fall off!
Ascending Triangle We have a huge ascending triangle on the weekly with a rising RSI. The MACD is also in the positive zone, recently bouncing off the signal line.
We are looking for a strong impulsive wave to the upside after breaking the triangle.
Things are also looking positive with the recent SEC vs. Ripple case as the SEC recently acknowledged that third parties like exchanges (coinbases, binance us) are not breaking the law if they sell XRP. As BTC consolidates and we are approaching alt season, and with the reslisting of XRP, we may just get our catalyst for the next XRP bull run.
The FUD is behind us and chances of XRP going lower are minimal.
If you like this idea please comment below.
ADA Cardano Going Long We have double top at 1.4769 if we break it we can go higher to 1.5757, also we forming double triangle at end of time cycles we can expect big move at the end of cycle.
As good news coming out this week for cardano,
We can expect a big move up
All looking good for ADA
Target 1 - 1.5757
Target 2 - 2.0360
I'm not trading adviser nor financial adviser,please do your own reserch before trading,
NU - Ready to move? 245%, again?!NU grew 353% from Jan-Feb. After this incredible move it consolidated -50% to the fib 0.618, where it found support at the 100 EMA. Not to mention, stochastic found its bottom arch, here, while the RSI crossed over EMA. And, we've got the MacD beginning to cross and the histogram winding down to a flip.
That's a lot of signals closing off this bear energy. Time to get in?!
Looking forward to another incredible run! Let's see how this plays out.
Trade with caution. Do your own research. This is not financial advice.
XLM USDT Buy for the real waves, real profits 🌊🌊Right now the candles follow the week of support and below the trend line. Maybe this will be the beard of the daily candle. Plus BTC will go sideways in the 56k -58k zone, BTC Dominance drops, facilitating alt pump before BTC officially creates a new ATH.
Buy the market NOW.
Take profit 1: $ 0.515
Take profit 2: $ 0.570
Take profit 3: $ 0.760
Anything that doesn't make sense, please give me a comment. Please motivate me to develop myself and help someone needed.
Don't forget click like, it's a hug for me. Thanks you!
BTCUSDT | What are the reasons of current drop?Hello, guys!
Let's talk about current Bitcoin price action. There is a significant drop of 14% last two days. People panic now that the price correction can be bigger than the previous one and are selling their Bitcoins. Let's consider fundamental and technical aspects of the analysis.
FUNDAMENTAL ANALYSIS
I suppose that the main reason of the current Bitcoin price drop is the manipulation... again! The same as the previous time. Do you remember that the huge amount of Bitcoins were deposited in the exchanges just before the previous correction? It is the case now too! But at this time the amount of Bitcoins deposited is smaller, and it is great. What does it means? Whales want to take profit at the high, crash the price because the people's panic. At the bottom they will buy Bitcoins again at the lower price, push it higher. People will buy it again. Then the cycle will repeat. This is how the whales and institutional investors direct the market. We should anticipate their actions to have a consistent profit at the cryptomarkets. It is difficult, but, fortunately in the blockchain world nobody can't hide from the other investors their intensions. There are a lot of websites where you can find the unusual activities on the cryptomarkets.
To make sure that current drop have no macroeconomic reasons let's take a look at the traditional markets at the chart below. Here is the clear uptrend without any fluctuations which could lead the Bitcoin price drop. As you know the Bitcoin price is strongly correlated with the traditional markets.
TECHNICAL ANALYSIS
This week started with the bearish bias below the central pivot range. The price have a rejection to downside from this level. Also we can notice that the price again found support at the trendline. If the price find support at this trendline again the green scenario (1) can play out. The white (2) and red (3) scenarios based on the key support levels and also can play out in case of panic continuation. It is nice opportunity to buy in dips at these levels.
To sum up, here we can see a typical market manipulation, don't be fooled and buy the Bitcoin in dips to earn money in the current situations.
DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions.
$Dent: You either die a hero or live long enough to see yourselfFirst of all, I didn't do that to Dent, Joker did!
Tokenizing the Mobile Data Industry and creating a world-wide marketplace on Ethereum to sell and buy Mobile Data..that's what Dent really does
I mean they had a crazy year but they still didn't hit 0.1
tg 0.0033 - 0.0035 -- 0.005 ---- 0.01 ----- MARS
I Missed Harvey
Bye.
NEAR Caught in a Strong UptrendNEAR is one of the newest cryptocurrencies on the market, and it is already making a name for itself after an almost 1,000% increase over the past three months.
Fundamentals
NEAR Protocol (NEAR) is a decentralized application platform created to help developers design their apps. The network runs on a Proof-of-Stake (PoS) consensus mechanism and aims to offer scalability and stable fees.
NEAR is the native utility token that is used for:
1. Fees for processing transactions and storing data.
2. Running validator nodes on the network.
3. Governance votes to determine how network resources are allocated.
Similar to BTC, NEAR has a controlled supply. Its current supply stands at just over 300,000. The supply is set to increase by 250,000 annually and reach a total of 1,250,000 after 5 years. Economics tells us that when supply increases, price decreases. Thus this is not a positive aspect at the moment, but it will be so in five years.
NEAR on the Chart
NEAR is currently in an uptrending channel. It has recently hit the upper limit of the channel and now even broken through, indicating that a short-term pullback is imminent.
There is also a bearish RSI divergence indicating a pullback. The Relative Strength Index (RSI) is a momentum indicator that oscillates between overbought and oversold. When RSI has a value greater than 70, it is said to be overbought (indicating that it is a suitable place to sell), and when it is below 30, it is oversold (a suitable place to buy). A bearish RSI divergence occurs when the RSI is moving lower while the price is moving higher. This is precisely what happened between the 9th and 10th of March, thus further indicating a short-term reversal.
Looking Ahead: NEAR appears to be in a solid uptrend for the past three months, mostly respecting the channel drawn on the chart. However, due to the price breaching the upper limit and the bearish RSI divergence, it may see a short-term reversal before pushing higher.
ETHUSDT | Long Term Price TargetsHello, traders!
Let's take a look at possible price movements scenarios for Ethereum.
FUNDAMENTAL ANALYSIS
First of all we should say that ETH performance is not good from the beginning of the current Bitcoin price correction. It's price droped more than Bitcoin price, so it is definitely underperforms the BTC.
At the same time the Ethereum's competitors like Cardano and Solana looks pretty well. The most important reason for this is the high cost of Ethereum commission fees. Today we have a nice news from the co-founder of Ethereum Vitalik Buterin that they are about to solve this nasty problem with the scaling. It will help to reduce commission fees significantly.
TECHNICAL ANALYSIS ETHUSDT
The ETHUSDT now have an ATH at $2040, exactly at 1.41 global Fibonacci level and now it was rejected exactly at 1.27 Fibonacci level. So, we can see that the price has a nice reactions to these Fib levels. If we look at current price action we can see the bullish flag pattern formation. The price target from this pattern is above the ATH approximately at $2320 (1.61 Fib).
To be honest the future price action for Ethereum is strictly correlated with the Bitcoin price. If BTCUSDT is able to break ATH this week, the ETHUSDT have high probability to follow the white scenario. In case of Bitcoin price pullback we can see the red scenario.
It is also very important to understand if the ETH is going to outperform the BTC in the future or not.
TECHNICAL ANALYSIS FOR ETHBTC
Let's take a look at the ETHBTC chart on weekly timeframe. We can see the price action inside the bullish megafon. There was a bearish divergence between the price and on-balance volume, as a result we saw the sharp correction and now the ETHBTC is going to reach the lower band of the megafon. We can conclude that the ETHBTC now is almost at the dip and the Ethereum is going to outperform the Bitcoin soon.
DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions.
Bitcoin showing some signs of resistance but still healthyKeeping this short and sweet. We called a "boom" at 50K last week, we are now over 10% over that target and don't see anything representing a breakdown or weakness besides this small area of resistance around 56690. If this area is retested and rejected a few times please watch out for another slight correction and possible entry points before the next serge upwards. Next targets well over 60K and all time highs but if we don't close past the areas of confluence marked on this chart we will see some sideways and downward action before continuing upwards. Happy Trading!!