Chainslab_Analytics

Chainslab_Analytics

📌 Traders, are you ready for some profit-making action? STG is backtesting the local support in the 1H timeframe, and the charts are SCREAMING BULLISH! This could be a golden opportunity for short to mid-term investments, so don't miss out. Short-term traders, day traders, and scalpers, it's time to grab your trading guns. Look for an entry at 0.71-0.72 and aim...

Chainslab_Analytics Updated 

Multichain is one of the industry targets in the future. The concept of storing assets in one chain, and interacting/using the dApps on another is always exciting and necessary for a mass-adoption future. That is why multichain infrastructure projects such as bridges, oracles etc... was always one of the most important ones in the industry right now. Stargate is...

Chainslab_Analytics

After a month-long bullish ride, it looks like Bitcoin is taking a turn. It's down 6% from its peak, but it's still within its upward channel. I know waiting isn't fun, but we must watch the market's response closely. We can not predict the future, the best we can do is to wait. If you're feeling bullish and want to go LONG, go ahead but with caution - keep your...

Chainslab_Analytics

Looks like my instincts were right on the money with ADA! I've been keeping a close eye on this one, and it's been in a downward channel since May 22nd. Currently, it's trading near the resistance zone and showing some clear bearish reversal signals on the daily chart - a inverted hammer, baby! I'm putting my faith (and 3% of my trading capital) on the line and...

Chainslab_Analytics

BTC has been ranging in the 22k4-23k3 box for a week now. In the 1H timeframe, BTCUSD is also creating a triangle pattern. Some traders might be comfortable trading the range, but that is not always safe because we have seen many candles poke through the box and then come back. The best option here is to wait for a confirmed breakout of any direction before...

Chainslab_Analytics

Today, BTCUSD successfully broke through the 21k resistance and is on its way to a new high. One of the reasons behind this mini uptrend is probably the correlation between The US Dollar Currency Index and Bitcoin Price. As we can see, DXY is slowly falling from its 114 peaks since FED eased their policies. They are still raising the interest rate but at a...

Chainslab_Analytics

The BTCUSD price channel has been broken. It's the signal to Short-Selling. Find your short entry at 20k8-21k1 and aim for 19k. Short Setup: Entry: 208xx-211xx Sl: 217xx Tp: 19xxx This is a scalping signal, so only risk a maximum 2% of your capital. Like always, remember to trade at your own risk and never risk more than you can afford to lose.

Chainslab_Analytics

Liquid Staking Derivatives, or LSD, have been one of the top searches in crypto recently. And LDO is one of the leading LSD protocols in the field. It is worth investing in the mid to long-term. The perfect buy zone for LDO is located around 1.5-1.7$. But we can try scalp or swing trading here. Long Setup: Entry: 2.0xx Sl: 1.8xx Tp: 2.5xx We still need to...

Chainslab_Analytics

BTCUSD daily candle is forming a reversal pattern with 2 hammer candlesticks. This might be a good time to enter a small Short position (maximum 2% of your capital) Entry: 208xx - 21xxx Sl: 216xx Tp1: 20000 Tp2: 185xx-195xx Meanwhile, BTC.D is also rising, next resistance is 44%. So Shorting Altcoins is another good option. I have opened a few Short positions...

Chainslab_Analytics

The correction is here. We can try to make some profit now. With BTC, we can set up a limit buy order at the 20k zone. This 20k mark might become new support. With ETH, we can set up a buy order at 146x, in correlation with BTC. This scalping signal is riskier than usual, so reduce your volume (maybe 50% less than your typical trades). BTC Long: Entry: 200xx -...

Chainslab_Analytics

BTC made a beautiful leg-up this morning. It is now trading at the 18k2 zone, waiting for the CPI news in 12 hours or any signal, any piece of news, any catalyst to break this resistance. In my opinion, the situation is pretty bullish. Buy volume is coming back to the market. But you still need to be careful with your trade. We can wait for the CPI news or any...

Chainslab_Analytics Updated 

LINK has been trading in the range 5.5-9.5 for quite some time. There is no sign of breaking the pattern downward. And it is pretty safe to enter a trade here. The plan is to buy at 5.5 and sell at 9.5, trade the range. In the worst-case scenario, LINK broke the $5 mark downward, and we take our losses and get out. Entry: 5.5x-5.6x Sl: 4.9x Tp:...

Chainslab_Analytics

If you missed the LONG train, this is your chance to beat the market. ETH meet its resistance and now declining. We can consider entering a small Short Selling order here. But it is safer to wait for an entry to go Long when the price meets the trend line at around 122x. Short Setup: Entry: 132x-133x Tp: 122x Sl: 136x This is a Scalping signal, so we...

Chainslab_Analytics

DXY is the talk of 2022. The index of the Dollar had a massive bull run, followed by the decline of other assets and currencies around the globe. The rise of DXY came from FED's hawkish policy and indecisive actions from other central banks. For now, DXY strength seemingly declined, as most eyes are looking into cheap assets to buy. However, DXY will have a...

Chainslab_Analytics

On the 4H chart, CTK has followed the trend line for a while. And now, we will have a correction, which is an excellent time to buy. The potential reward for this trade could go up to 12% (no leverage) and more. Long Setup: Entry: 0.71x Sl: 0.68x Tp: 0.8xx Remember, always trade at your own risk, and never risk more than you can afford to lose.

Chainslab_Analytics

Why? It is because of 2 things: 1. Smart money flow. 2021 was the year of riskier assets like stock and crypto... 2022 was the year of US dollars. 2023, with FED easing their policies, money will start flowing back into the market, starting with commodities. And the star of the show will be GOLD, a safe haven for every investor. This is not saying that crypto and...

Chainslab_Analytics

We are now at the end of 2022; it's time to look back at what we have been through and prepare for the upcoming journey. This is the 12M chart of Bitcoin and Ethereum. We can see that Bear dominates the market throughout the year. In the case of Bitcoin, it is forming the Bearish Engulfing Pattern. Meanwhile, Ether showed more positive signs, the price touched...

Chainslab_Analytics

The pattern is set, waiting to break out. But this will not be happening soon. Trading volume and movement are likely to continue being low. On the economic calendar, there is not much worth mentioning. In my opinion, BTC will stay in this range for a while, or maybe the same as yesterday, at 16k9. Nothing changed with BTC. Still, the price structure points...