ETHBTC looks extremely interesting here as it shows which asset can expect greater relative performance between the top 2 Cryptocurrencies over the coming months. .028 has been a strong support/resistance area since 2017 along with the multiyear downtrend line from 2017 forming a nice clean descending triangle. ETHBTC broke below .028 mid 2019 and trended down for...
On the Daily LINK looks really strong even considering the recent Bitcoin drop. Looking at the intraday I think we will see a bounce up to 4.30ish (downtrend line from 4.90ish starting beginning of March) before moving lower to find support again around 3.60-3.80 within the next week or so at which point I believe a LONG trade would look good. The quick drop to...
LINK looks really strong on the daily chart and even with Bitcoin dropping from 10k to 7700 is still hovering relatively near the highs. Uptrend is still intact and we may see a bounce over the next day or two to hit 4.30ish but I believe we will see another move lower to retest the 3.60-3.80ish area as proper support hasn't been found yet and some bullishness...
BTC hit my downside target of 7700ish and touched the multi-year uptrend line perfectly. I think the correction is over and I suspect we will bounce from here to hit 8450ish over the coming days and then likely drop back down a bit to retest 7800-8k within 1-2 weeks to find support. From there I think we start grinding higher as BTC gets ready for the next move up.
XTZ was looking great around 2.90ish before it strongly broke above 3 but I missed the opportunity. Overall trend still looks very bullish and attempting long trade on the trend line retest (average long price ~3.06) and will see how it plays out. $3 should serve as fairly strong support now as it's been a pivot area for the last several weeks.
ETH reached 230-235ish target but seems to be hitting resistance at 235. There may be a quick push higher to touch above 235 and perhaps bounce around 230-235ish for another day or two before making the next move lower over next 1-2 weeks with expected target of 175-180ish which is next uptrend line started from December 2019 and will be a good spot to place a Long trade.
BTC held 8500ish and reached my target of 91-9200 for the trend line retest. I believe we may bounce around this area for a day or two before heading lower over the next 1-2 weeks. Overall target lower is the multi-year uptrend line sitting around 7700 which will be a good spot for a Long trade.
ETH has seen some major weakness after failing to hold above 280ish which was a retest of a previous uptrend line. Multi-year downtrend line should've acted as support around 220-225ish but considering ETH couldn't hold above this level I expect further downside. The run up to 290 was too much too fast and over the next week or two I expect ETH to drop below 200....
Long term (multiple year) uptrend line in play. Extensive weakness after rejection of 10k and broke below important 9k support with no meaningful retest of 9k yet. Short term downtrends remain in effect on intraday charts. Given how trend lines like to converge/intersect around important reversal areas I believe within the next week or two we will see a move lower...
