SPXS heading for a breakout with 6hr bull cross on cloud
SPXS potential breakout to upside as macro conditions worsen. Peak expected in early February.
Potential for massive SPX dump over the course of the next 1-2 months w/ macro continuing to look bleak.
The SCRT USD pairing has settled nicely within the accumulation zone. We will monitor the volume and progress of SCRT and if it breaks the $2.00 mark on the daily time-frame and consolidates we could expect a run to the mid to high $3.00 area.
Update: Added prediction line on trajectory just to see how it plays out over time.
Seems like a pretty pivotal moment for $BTC right now on the 4h chart. Currently testing the 50ma with the stoch RSI at the top of the overbought territory. If $BTC gets rejected here there could be a pretty swift decline back to $20K range or even back to $18K. However, if it breaks the 50ma and begins to consolidate it could be an indicator of a reversal and the...
BTCUSDT appears to be bottoming out on 1D RSI and may see a relief rally to unwind the cratering RSI. However, if BTC fails to reclaim $35k and confirm support above it could indicate that the run was truly just a relief rally and we will likely continue the bear trend back towards the $20k area.
LUNAUSD reclaimed 99ma and the set up looks identical to the last two. However, it looks like the 99ma took a deeper dive which might indicate even more of a slingshot to the upside. New ATHs may be in the cards.
The 4H SCRTUSD chart has formed a bullish falling wedge pattern and SCRT has now bounced off the bottom support three times. With the MACD beginning to flip we could see SCRT breakout of the falling wedge pattern.
SCRTUSD is continuing to stay nicely within the channel. 4H MACD and RSI indicate that the price could drop a bit further from $6.10 area down to the 99MA support around the $5.75 levels. If SCRTUSD gets a strong bounce off the 99MA we could see a breakout above $7.00 which leaves a large gap to fill up towards ATH levels. If SCRT doesn't get a strong bounce on...
SCRTUSD has remained within the channel on the 4H and has bounced off the 99MA three times indicating that may be a nice support area. Both the MACD and RSI appear to be reversing course which would bring more bullish momentum.
ATOMUSD could be looking to breakout and retest ATHs for the second time this week. The fib retracement back to the 38.2 and a strong bounce is typically a bullish indicator during a period of fast growth. Looking for continued volume and the MACD to show signs of a reversal.
The ATOM/USD pairing had a fib retracement that tapped within the golden pocket ranges and a quickly ran up shortly after. We just saw another retracement on the second run to the 23.6% fib levels which could lead to another break out and potentially retesting ATH's from earlier in the year.
SCRT has had some healthy pull backs after its run ups and its currently following that pattern again. The most recent leg up double tapped the 50% resistance level on the fib retracement before springing back up towards $7 levels. If we see SCRT blow through $7 with volume and little resistance we could see a nice run up into the mid to high $8s.
We ended up seeing two strong green candles after tapping the 23.6% fib retracement level which led to a small breakout as predicted. ATOM was able to top the previous high set on 1/1/22 and if continued volume comes in we could see ATOMUSD test ATHs. The RSI is not showing ATOMUSD as oversold on the 4H or daily chart and the MACD is still showing bullish momentum.