CheddarBizcuitz

CheddarBizcuitz

Small breakout but I'm not too concerned. 200EMA at most. I still believe we're bullish based on entry. Curious to see how NFTs will affect $eth's push to 5k, 10k, etc. This past week in general has been wild with floors doubling/tripling in a matter of days. There's at least 10+ new mints each day and we're seeing more and more whales enter the space. In...

CheddarBizcuitz

Reasons why I believe we're in for a big pump soon: 1. EMA levels flipped back to support 2. Nice ascending triangle on H4 chart 3. MACDs look primed (H4/D1/W1)

CheddarBizcuitz

Wasn't expecting such a drop off 200EMA levels. If we can flip the M15 chart into support I'll feel a bit more comfortable; as of now there poses some concern of another correction (2600-2500).

CheddarBizcuitz

Weekly candle closed just under 3250. Bullrun incoming.

CheddarBizcuitz

Using today's post to explain a bit about my background since there's a hurricane outside. Apologies if it's a little lengthy. Yesterday's prediction has been linked as...

CheddarBizcuitz

Yesterday's daily closed just over 3300 which will hopefully prevent us from any hard drops before the week ends. If we can close the weekly ~3200/3300 then I'm sure we're in for a solid run. This would essentially keep us halfway above the last weekly candle, above the resistance level for the week prior and maintain the bearish candlestick. The second best...

CheddarBizcuitz

Looks like we broke straight through the 3150ish resistance wall for like the 20th time this week. Unless we close the day mid 3300, I'm still not convinced that there won't be another correction before the push to 3500. D1 volume has been weak lately and resistance is causing a lot of sideways action which isn't favorable in a bullish cycle. In contrary, the...

CheddarBizcuitz

Still sticking to yesterday's prediction; small push to 3100/3150 then dip to 2700 range. Prove me wrong. Please.

CheddarBizcuitz

Sorry for the late post guys it's been a hectic day. Looking at the charts it seems like we're in for one more dip. Based on the fact that 3k support seems to be holding, I'm predicting a push to 3100/3150 before dropping to 2700 range. Extreme of 2500.

CheddarBizcuitz

200EMA holding strong but I still believe we're bearish overall; another rejection off 3250 should trigger a reversal if not before.

CheddarBizcuitz

Yesterday closed around 3250 which is a good sign for newfound support levels. That said, I'm expecting a breakout and drop back to 3k range. Fingers crossed for 3500 but the setup looks too ideal. My extreme low would be around 2850 if we don't bounce off 3k support.

CheddarBizcuitz

Yesterday's D1 period fell below previous resistance levels and today's is struggling to hold support. Closing above the green line would indicate a push to 3500, closing below the red line would indicate a drop towards 3k. I don't see us hovering in between; if we do it'll be dependent on whichever side of the dashed line (resistance/support) we end on. FYI....

CheddarBizcuitz

Not really sure if this count towards a cup&handle outbreak; maybe I'm just stretching this one a bit. Dashed lines indicate major support/resistance trendlines. Closing the day above 3200 would be a good (bullish) sign for the week to come.

CheddarBizcuitz

Nice double bottom off 200EMA to get us back on track for 3500. Either we cup&handle here or just push back to major trendline.

CheddarBizcuitz

Looks like we broke trendline; W1 MACD reverted back to a sell signal and the momentum hasn't ended yet. Let's hope this is just a market correction and not a reversal sign. I could see us dropping as low as 2800 if we blow past 200EMA support. In contrary, a good push here could develop into a double-bottom if all goes well.

CheddarBizcuitz

W1 MACD finally crossed over to a buy signal. If we can stay above this trendline, I'd say we'll hit 3400 in the next day or two.

CheddarBizcuitz

Two critical events took place in crypto this morning; the $1 trillion infrastructure bill passed the Senate and a $600M hack occurred on DeFi platform Poly Network. So how will this affect crypto? In terms of the bill, I see little changes within the next 1-2 months as the House will take some time to accept the bill (if accepted). Long-term (end of year), we...

CheddarBizcuitz

Looks like we got a nice double bottom around 2900. Assume a bit of sideways action until the push to 3500. First "real" 3k support test about to kick in.