CTDave

CTDave

Hello Traders! CTDave here again with another daily price analysis chart. Today I will analyze Solana (SOL). SOL is currently ranging inside a channel. Right now, it hit the bottom of the channel and it's probably headed upwards. A look at the RSI shows that it's almost oversold. I will not buy any until I see that it bottomed out. As always, I encourage...

CTDave Updated 

Hello Traders! CTDave here again with another daily price analysis chart. Today I will analyze Solana (SOL). SOL is currently ranging inside a channel. Right now, it hit the top resistance and it's headed down. Here is why I think it's going down: > It hit the top of the channel > The RSI shows that Solana is almost overbought > There was a lot of negative...

CTDave

Hello Traders! CTDave here again with another daily price analysis chart. Today I will be analyzing Axie Infinity (AXS). If we look at the 2-hour chart, we will see a head-and-shoulders pattern forming. The head and shoulders give us an opportunity to go short. I am planning on entering a short if the close is below the confirmation point. The SL is just above...

CTDave

Hello Traders! CTDave here again with another daily price analysis chart. Today I will be analyzing ETH. Ethereum printed its 10 red weekly candle. What's happening? Ethereum is currently in a downward channel and it has witnessed a record of 10 red weekly candles. The red and green areas are areas of support and resistance. The blue arrow indicates my opinion...

CTDave Updated 

Hello Traders! CTDave here again with another daily price analysis chart. Today I will analyze Optimism (OP). I marked three possible outcomes. The one I think is going to be the most probable, is the blue arrow. I entered a long position at $0.988 and I will set a long order at $0.95 as well. I'm going to take profit at $1.60 because I don't like to wait a...

CTDave

What's up with Bitcoin? Why is it so volatile? Where is it going? Hello Traders! CTDave here again with another daily price analysis chart. In this analysis, I'm going to analyze BTC. The blue arrow indicates my opinion on BTC. BTC is currently in a upwards going channel. When it reaches ~$34k, it's going down. After that, ~$50k will be the resistance are....

CTDave

Hello Traders! CTDave here again with another daily price analysis chart. In this analysis, I will analyze Balancer (BAL). As you can see from the chart, BAL is in a downward channel right now. As of now, BAL has approached the support line and it's waiting to get going up short term again. However, as indicated by the red arrow, it will go down after going to...

CTDave

Hello Traders! CTDave here again with another daily price analysis chart. Today I will be analyzing SUSHI. As you can see from the two charts, SUSHI is forming a downward bullish breakout triangle. Now, the support line lies at around ~$0.50. Also, the RSI is diverging and it shows lower tops which means an impending reversal, and since the RSI going down,...

CTDave Updated 

Hello Traders! CTDave here again with another daily price analysis chart. Today I will be analyzing GMT, a coin that has produced a lot of attention to itself. Many might have generated lots of profit from it, and others might have lost a lot during its’ crash because of the China ban. You might ask “Where is the bottom?” and a possible answer lies down...

CTDave

Hello Traders! CTDave here again with another daily price analysis chart. Today I will be analyzing BTC again. After nine red weeks BTC started showing some hope, but is it going to last?... Long Term Analysis: If we take a look at the 200-period EMA (the little pink squiggle below the price), then we would see that BTC just barely touched it and retraced....

CTDave

Hello Traders! CTDave here again with another daily price analysis chart. Today I will be analyzing Anchor (ANC). As you can see from the chart, this will be a very profitable trade if ANC goes as expected. So let's dive in to see why. Short Term: The image above shows the chart in a 30-minute timeframe. There is a bullish breakout triangle forming inside...

CTDave

Hello Traders! CTDave here again with another daily price analysis chart. Today I will be analyzing the Kucoin token KCS. Let's take a look at the 15-minute timeframe first: So as you can see, there is a downward channel that formed. Right now, it has hit the support So you can expect a tiny reversal to the next resistance area. After that, a drop can be...

CTDave

Hello Traders! CTDave here again with another daily price analysis chart. Today I will be analyzing Stepn BINANCE:GMTUSDT . This is a coin that has been one of the best performers recently. As you all probably know, GMT has suffered a great crash recently and you might be hoping for a retracement. There has been a breakout triangle forming so there are two...

CTDave

Hello Traders! CTDave here again with another daily price analysis chart. From the chart, it is obvious that the light blue lines form a possible broadening top. DOT BINANCE:DOTUSDT almost reached the point of support. The two lowest orange lines show the demand zones. If we zoom in on a lower timeframe, we would see that DOT is in a bullish breakout triangle...

CTDave

Hello Traders! CTDave here again with another daily price analysis chart with CELO. As you can probably see, in the long term we are bullish. There is a channel forming. Short term we are in a breakout triangle. Thanks for reading! As always, I encourage everyone to please like, comment, and share my ideas, and follow me for more of these posts to be...

CTDave

Hello Traders! CTDave here again with another daily price analysis chart. It is Dogecoin this time. The times when DOGE was the number one, had passed, and probably you were one of the people who invested at the peak to find yourself at a loss. Very likely that you were waiting for DOGE to explode, but that never happened, yet... There is still possibly a good...

CTDave

Hello Traders! CTDave here again with another daily price analysis chart of BTC. Long Term Analysis: We all know that many different things have been happening to Bitcoin and the whole economy in general. In this analysis I am going to explain why I think Bitcoin is going to go up to a new high rather than dumping. If we take a look at the red lines, we can...

CTDave

Hello Traders! CTDave here again with a tutorial on how to read RSI indicator. RSI is a good tool when you need to know when to take profit, especially for those who use a shorter timeframe chart. It is not very good for signaling when to buy or sell. Traders use it mainly as a confirming indicator rather than when entering a position; they use other indicators...