ETH has been on quite a run lately based on fundamentals moving from $1700 up to the price of $2400 in the past 10 days, however the price has been consolidating within the current price for the past few days. This is never bad as the price needs some time to create more support and to rest so it is not seen as overextended leading to a sudden drop off top. In...
A bearish confluence has arisen among all the current bullish signals. This formation is theoretically seen as a reversal pattern and is bearish based on the fact that the price originated from bullish movement. Although the price target of this formation is at $1.29, does not mean it will reach these levels tonight, however knowing crypto assets a 10% retracement...
The current ADA price movement is one of pure theoretical importance. The reason I say this is based on the fact that we are currently in a bullish continuation pattern know as a triangle pattern. Some would know why I say this formation is very textbook. For those who do not know, it is because with any continuation pattern the price will break out of the...
we have come to a point in this current market where the price has given us a strong signal that a possible reversal is building up for a breakout in to a full swing bull trend in the medium term. However by looking at the chart we are still within a longer term bearish trend which is slowly coming to a halt with many signals and indicators to back this statement....
For the past few days we have been consolidating outside of the bullish wedge formation. However consolidation soon converted into another bullish continuation pattern which is a great signal towards a bullish shift. The following confluences will be displayed below on why i am at a bullish bias on this current market. NB! One thing to know about formations on a...
The long awaited Break out of the previous downward trending price movement has come to an end, BUT not an end that most would expect. As the price was nearing the strong levels of support within the golden pocket which was slowly pushing it like a spring into decision it bounced out to the bulls in a very 'boring' manner. Although this is still an extremely great...
Although the double bottom formation broke out to the bulls, it was obvious that the resistance would play a role in keeping the price from moving up to the predicted level of 40k for the short term. How ever just because we had a strong bounce of the downward trending resistance does not mean we are going to extreme bearish levels, but there is always a...
The price has officially broken and consolidated within the golden pocket, this is a great sign as it shows that the bears are not able to bounce the price off the key level of resistance. Therefore the price is sitting in a situation where it is between the support of the golden pocket as well as the resistance of the double bottom neckline. Theoretically this...
As I was doing some restructuring of my previous lines on the chart i came across a slight switch up of future direction in the medium term. Based on my time adjusting my BTC chart i have been pushed slightly more to the bullish side based on both technicals and fundamentals which have arisen, and are slowly shifting the narrative over the markets. My reasoning...
The pressure is building up slowly but surely like a spring ready to burst. A strong move is bound to happen as we near the completion of the bearish pennant, from a technical standpoint it should break out to the bears, BUT the bulls are looking promising from a fundamental standpoint so uncertainty is very high amongst the retail traders. Decision will be made...
The day is looking victorious for the bulls as we have broken into the golden pocket, which represents that the bulls are fighting harder than the bears can "bare" no pun intended. However we are not out of the ball park yet as we are currently still within a bearish formation, BUT i shall present you with some bullish technicals in the lines that follow. I have...
Today was a slightly better day from a technical standpoint, as the price has bounced off very strongly off the support created in the pennant formation. This sign still doesn't mean we are out of the dark yet as we are still within a bearish pennant. The price is over 70% through the current formation which represents a solid movement is due soon as well as...
The double bottom was discussed in my previous article about XRP and as you can see the price fell below the 'potential bottom' and hit the support of the downward trending bullish flag formation. This alone is a very bullish signal as there is already talks about a potential alt coin season arising from the current situation BTC finds itself in, and when BTC...
Here is a perspective that is reasonably likely where ADA could move in waves as it did in the first quarter of the bull market. The chart in the first quarterly has seen to have 3 major spikes before coming back down to the strong level of support which is non other than the Golden pocket, as well as a phycological level of at $1. the following point of...
We have come to the point on the daily chart where we have formed this double bottom, But based on the BTC chart there is a likelihood that XRP could fall slightly below this level and bounce off the downward trend support seen on the chart as the white lines. Regardless this market structure is seen as a double bottom. BTCs continuous retracement could result...
For some investors this situation we all find ourselves in might seem very scary and many are very fearful and on the verge of selling their bag at a loss. The question you have to ask yourself every day is, "how long do I plan on holding my crypto assets?" and "what is the reason behind my decision to hold these assets?". This might sound simple but most people...
There are 3 obvious outcomes for the current death cross and they are as such: 1) the cross can result in a further retracement of the price resulting in levels such as 20k which cannot be ruled out. For those people who are long term hodlers as well as new to the field, this is a dream come true as we are given a second chance to get a revolutionary bargain on...
As predicted in my pervious report on XRP, the price has broken out of the bearish flag formation and is on its way to the key support level of $0.65 (orange dashed line), which can be seen as bad but if you see the level is a strong support and resistance level and should act as a bottom. A signal of confluence seen on the chart is also a double bottom which is a...