Augustus1st

Augustus1st

#ATOM short term update : Identified this area to be a key one for the next days : -Range between $22.966 and $23.807 -> If we go higher, next target are both Daily Tenkan & 4h Cloud, $24.93 -> If we go lower, breakout of Monthly Kijun prices could test $20.11 Let's wait and see !

Augustus1st

After a long time in this compression, the precious metal is about to give a bullish signal. Technically, breaking this compression by going higher would send prices around $1900 , first resistance. Note that this signal will be valid ONLY when Daily Lagging Span will break the compression too, and this is not the case for the moment (yellow circle). So...

Augustus1st

Atom soars after a strong BTC rally, what does the chart tells us ? We broke the short term level that blocked prices : low of the 4h Cloud and Daily Tenkan. A positive news, BUT we still have some things to do before being bullish again! Two main targets to break for having bulls with us : On short term : we're blocked by the $31.3 resistance. Both Daily...

Augustus1st

Prices are still under pressure, with $BTC which remains undecided and fundamental issues from central banks but also from inflation which continue to weigh on the markets. To frankly confirm a signal, both prices and the 4h Lagging Span must break their resistance : Weekly Kijun, at $28.7 for prices. This area is a major resistance and it remains...

Augustus1st Updated 

It is important, for prices, to stay above the Monthly Tenkan until the closure of the candle, in 12h now ! It would give a nice signal for the next weeks and would show that the bullish momentum isn't in danger, on a long term point of view. Target to defend : $26.3 Target to look at, in case of base : $28.3 ; Weekly Kijun. If we break this Monthly...

Augustus1st

As the chart tell us : prices have no real direction for the moment. On short term : -Prices try to break the 4h Kijun, at $37,263 . If this one is broken, it could permit to go back to the main resistance : a mix between Daily Tenkan and the flat of the 4h SSB, at $38,207 -The supporte remain the same : Monthly Kijun, at $36,449 . This is a key point...

Augustus1st

According to Ichimoku, we're definitely bullish on long term. Prices are perfectly supported by Daily Tenkan during their ascent. With a Fibonacci Extension, I think that $92 is a probable target to look at. If this one breaks, we could look at the 1.618 Extension, at $109.9. Will depend on the evolution of the situation in Ukraine. A possible fundamental...

Augustus1st

Ichimoku PoV : Prices are neutral, on a mid and long term vision. Stuck in their Daily and Weekly Clouds. As first support, we can identeify the Weekly Kijun, at $1779. Followed by another strong support which is the Monthly Kijun at $1763. As a resistance, the Daily Kijun and flat Daily SSB are both a high level to break to give a first bullish signal and...

Augustus1st

Prices are stuck between two main areas : The support, the Monthly Kijun, is a strong one, located at $350 . The resistance, the Weekly kijun, is also strong and located at $442 . We could have a range if the market and prices are calming down until the end of the month. On a shorter term vision, Daily Lagging Span confirm the uncertainty and must stay...

Augustus1st

After the last red days, ETH is now on the edge of its Weekly SSB, lost in its Weekly Cloud. This support, located at $2300, is a solid one and Daily Lagging Span can support prices for a possible bounce. First target : Daily Tenkan at $2720 . Beware that Monthly Kijun is currently above prices, it would be nice for ETH to go back above it before the end of...

Augustus1st

The number 1 is now on its very long term support, represented by its Monthly Kijun. This one must hold to bounce back, with a first target at $40,000 ( Daily Kijun) Note that we're also below the Weekly SSB, this means that prices are turning bearish if the Weekly Candle close below this point. An interesting point is that Weekly Lagging Span is testing its...

Augustus1st

$ATOM is another time testing its mid term support (Weekly Kijun), in this $28 area. If this one breaks, we'll take a look at the lower support at $26. A strong one is the area of $20, because we could see a test of the Weekly Lagging Span on its Weekly Kijun. As a target, the 0.382 Fibo Extension is still the resistance to break. And $54 is also a very good...

Augustus1st

Nice to see that prices were stopped, very precisely, on this short term trendline. If it breaks, we can go back to the $53,300, on the Daily SSB and Weekly Tenkan (for the Daily Lagging Span). This one is the last support before lower key point. Let's see how it goes, another volatile week on Stock Market could also puch prices lower if Covid news are still bad.

Augustus1st Updated 

Did we finish the fourth wave, wich could be the corrective wave of our major third wave ? After this strong correction, we can see a bounce for some hours... The real confirmation would be to push ahead of the ATH. Don"t hesitate to comment on my count, I would like to know if this one is correct or you see an error. Let's see the evolution...

Augustus1st

I observed on Bitcoin a possible range or correction, during the previous highest point, last week. First, Bitcoin has a very strong resistance, around $60k and we can see the difficulty to beat this one. This step represent the golden number, according to Fibonacci retracement. Since last week-end and the strong correction days, Bitcoin found a support around...

Augustus1st

On the 4H chart, after the beautiful double bottom, we broke the downtrend line and went up during the last few days. We saw the same attempt a few weeks ago and this attempt was a bulltrap, will this one be another bulltrap or a real long signal ? Let's see the evolution...

Augustus1st

Maybe the hardest coin to anticipate, but we could see another bounce to 0.013. There was a beautiful support on the 70 of RSI. So it could stay bullish for the next days. But even if the bullrun was strong we should stay prudent and wait for a possible double top or divergence near the ATH. By the way, Fibonacci still giving nice signals, with a support on...

Augustus1st

I'm watching atom during many months now. This one is, for me, a strong and ambitious project ( you can find informations on Cosmostations ) Technically, after the strong bullrun, in february, Atom seems to be in a range, during nearly two months. Fibonacci is very precise on it and we can see a very nice range between 0.23 (19.01$) and 0.618 (22.14$) I stay...