Eyes on MATIC which is bouncing on the main uptrend support and getting closer again to the key resistance. Breakout here would unfold the bullish reversal
LRC bouncing on the main horizontal support confluence with the local uptrend. Also breaching up the local downtrend resistance
XRP squeezing on the local downtrend resistance but respecting the key support at 40 cents:
Tron squeezing against the horizontal resistance while holding the local uptrend support. Primed for the bullish reversal.
Ethereum remains rejected on the main $1,7000 resistance, but continues holding the local uptrend support...squeezing there and pushing for the breakout.
After a long consolidation, the main bullish pennant is breaching up on SHIB
Today we are going to focus on the Bitcoin chart but on the long term perspective. For that, we are going to focus on the trends and why are going to use the MA's (Moving Averages). To be precise, two of the most common and more widely used, the MA 50 and the MA200. The 50/200-day simple moving average is a trendline that shows the average of 50/200 days of...
Unable to breach the main horizontal resistance is struggling now to hold the local uptrend...be careful for now.
ETH, which continues being rejected on the $1,700 support. As we have been commenting the last 2 weeks...the main horizontal resistance. For now holding the local uptrend support, looking for a final squeeze there. But as with Bitcoin, I would be careful, the risk/reward to add positions here...ugh not really interesting, the H&S pattern remains there, and as...
This one remains on my radar...for a couple of weeks have been consolidating and building up momentum into the ascending triangle, usually a pretty bullish pattern. Notable volume increase too. The horizontal resistance at $18,5 is the level to beat, breakout here would signal the local bullish reversal. Really nice setup
Along with Bitcoin, ETH has been rejected also, straight on the main $1,700 resistance we pointed out the previous days. This is probably the most important resistance to beat right now. The correction pushed the price down to the local support on the $1,500 range. Early to say...but it's starting to look like a Head & Shoulders pattern...perfect neckline so far,...
Nice consolidation, aiming for a bullish wave continuation.
AVAX respecting the local uptrend support and pushing for the breakout on the $18 resistance:
Today let's focus on BNB. As you might now Yesterday it completed the 22nd Token Burn, vanishing with it $575M worth of BNB coins, which as usual, had an impact on the price, but most importantly, these burns are long term bet for price sustainability. It remains also as the main active chain, with 6,5M active addresses just during the last week. From the...
Today we are back taking a look into XRP, which despite the initial rejection continues pushing non stop to breach the 40 cents resistance and the local downtrend. Really good recovery both Yesterday and today. The volume input remain quite high and most importantly really stable... As commented other times, forget about your feelings regarding Ripple, if there...
Let's take a look now to one of my favourite coins from the Fundamental Analysis point of view. Which now, is getting super spicy TA wise too. It's Cosmos (ATOM) After the main breakout 10 days ago, we had a correction during the week as with most of the coins. ATOM managed to bounce exactly on the old resistance turning it into support. And Today is breaching up...
Yesterday we saw the first minor correction for BTC, just exactly as we have been commenting since Monday. There are no reasons to panic...so don't panic sell, don't panic buy either. Just patience and let's stick to the plan. Reminder: 🔔 I think we are still due for a minor correction and is when I'm planning to start entering. I'm thinking about two...
Sometimes is better to keep the things simple. So I forgot about all the fancy indicators and focused on the old good horizontal ranges. Considering this scenario, we are currently facing the first local resistance range. But the real deal comes at 30 cents. The most relevant level on the whole chart. Once we break that level I would be full bullish on XRP for...