As predicted in previous post, XRP had a pause after the first run and is now again gaining momentum. $0.39 resistance was easily broken, the price is now at fib 0.5 from the last high. I'm targeting $0.45. Remember - Trend is your friend.
Aligned with my previous posts, BTC is over resistance I posted ($8650). We could see another leg up to resistance at $10k. I would take profits there and wait for reversal, which could be significant, given the fact that BTC is on a run since FEB when it was just $3k. After hitting potential $10k, this could go down back to $6k respectively. Stay tuned.
With no doubt Binance coin is one of TOP performers on crypto markets. Reaching ATH in bear market, proves that this coin has lots of support and followers. Trend is your friend. Keep it simple and don’t fight against it. As longer BNB is above MA, buy the dips and play along. Looks like higher prices are coming. From trading perspective, the best buy was on...
XRPUSD is currently trading on very important region between $0.44 and $0.46 which proved to be crucial for next move. I marked that region in green and as you can see, we had many moves back down from here, which makes it very important to be cautious. Daily candle is still not convincing enough, spikes of candles are still not showing enough strength for the...
"Stellar’s cryptocurrency, the Stellar Lumen (XLM), powers the Stellar payment network. Stellar aims to connect banks, payment systems and individuals quickly and reliably. Since its launch in 2014, its vision has been to unite the world’s financial infrastructure so that money can flow quickly and cheaply between banks, businesses, and people. The Internet...
As covered in my previous XRP analysis, the bullish momentum is still in place. I entered in new position, target $0.42, support is placed on $0.355, keep your SL just under this level.
BTC confirmed a nice break out of ascending triangle which is shown on chart (red lines). The bullish confirmation pushed the price to $8000 region where is the next resistance level on daily chart. We have a lot of movement around her on shorter time frames. Volatility is nice for day traders, but for long term holders it’s important to understand the big...
BTC long-term logarithmic chart shows that recent moves are not something new and they happened in the past. There was similar movement back in 2015 and also in 2017. There is a lot of FOMO on the market right now and you don’t want to buy on overbought levels. Wait for confirmation and observe the candles on shorter time frames. BTC is above long-term trend...
ETH confirmed a nice break out of ascending triangle which is shown on chart (red lines). The bullish confirmation pushed the price to almost $280 region where is the next resistance level on daily chart. The price will probably fulfil the gap from September last year (marked green), where ETH lost almost $100 in week time. I expect some volatility around this...
A lot of cryptos did well in last weeks; found temporally bottoms and reversed. Buying interested has increased, but it is still too early to say this is a bull market. For some long-term investment it might be actually a good entry point. From TA perspective and for some daily traders, I will cover XTZ (Tezos) coin. I will leave the meaning of it and technology...
h4 indicating term invesment to the downside. We would expect some corrections around our technical target.
XRPUSD broke over ressistance triangle. Long term support showed as strong again. Long is the only side to be on right now. TP marked in yellow. SL under support. Lets see how far it will go.
Ethereum (ETH) is building strong momentum and could potentially move higher. The similar pattern we can see on LTC also. There was bullish divergence - marked red. Price was making lower lows, while RSI was making higher lows on daily chart. It indicates underlying strength. Bears are exhausted. Warning of possible trend direction change from downtrend to...
The S&P500 future has completed a countdown, leading to a market timing sell signal identifying a trend exhaustion area below 2795.75. There is the same signal for the Nasdaq and in Europe, EURO STOXX 50, Euronext 100, FTSE Eurotop 100…In addition, the chart shows a MACD classic bearish divergence, suggesting the index has reached an area where price could reverse...
The EURO STOXX 50 has reached a resistance level (3200) and stays in a no-man’s land below last week’s high (3213). Testing its 200-day moving average, the S&P 500 has already recorded a new high above last week’s high, not the Dow Industrial, not the Nasdaq, but both could follow quickly. One quick trade before next leg down ? 2810 on SPX is crucial. Look for...
Litecoin (LTC) is building strong momentum and could potentially move higher. It has outperformed stronger pairs in last weeks and still has some more upside potential. There was bullish divergence - marked red. Price was making lower lows, while RSI was making higher lows on daily chart. It indicates underlying strength. Bears are exhausted. Warning of possible...
XRPUSD weekly chart still looks good. Long term trendline holds for now. Higher lows and lower highs are forming symmetrical triangle and breakout will determine next move up/down! There are instances when symmetrical triangles mark important trend reversals, but also, they mark a continuation of the current trend. Regardless of the nature of the pattern,...
Apart from increased speculations that Coinbase will be listing another cryptocurrency and according to the rumours, this time around ZRX will be chosen for a listing on Coinbase, I also like the price movement of ZRX. ZRX basically went back to the beginning of the last exponential rise, touching bottom at $0.43 and retested $0.5. Now we are seeing same picture...