CryptoSyphn

CryptoSyphn Updated  Dec 17, 2020

Looking at the HEXO chart we see a nice looking symmetrical triangle that could trigger a rally if the price can close above the resistance. The cannabis sector has been getting a lot of attention lately, hence the rally in many cannabis stocks as of late. A weekly close above the $1.12 resistance could trigger prices to test the $1.75 level and above.

CryptoSyphn Updated  Dec 17, 2020

Lately, tech stocks have seen lots of sideways price action over the last few weeks. The Apple chart looks to have formed a symmetrical triangle on top of the weekly 21EMA with hidden bullish divergence on the RSI. A daily close above the $121 resistance level could trigger a move towards the $125 weekly resistance. A weekly close above $125 may push prices back...

CryptoSyphn Updated  Dec 17, 2020

With the stay-at-home orders still in place and many spending majority of their time at home, video games are seeing a surge in player activity. EA seems to be moving and "potentially" formed a Cup & Handle pattern. Would like to see a confirmed break above the $128 resistance on the daily chart, then a weekly close above $147.

CryptoSyphn Updated  Dec 17, 2020

LYFT has had nice earnings this year, and from a technical perspective is looking bullish according to the charts. We'll see if it has the strength to break above the $41.50 resistance and make a move towards $48 - $50.

CryptoSyphn Updated  Dec 17, 2020

I meant to post this last night, but unfortunately, I forgot. Earning came out for Michaels and they were higher than expected, which is a catalyst for further price speculation. We see a clear inverted head & shoulders pattern on the chart that could lead to prices testing the $18 resistance.

CryptoSyphn Updated  Dec 17, 2020

Much Like EA, we see Activision is on the move. A break and daily close above the $80 resistance "could" trigger a rally to the range high towards $85+

CryptoSyphn Updated  Dec 17, 2020

GNUS has been a stock with lots of hype recently, many are excited about their recent partnerships and endorsements in the space. The chart reflects investor sentiment. We got a close above the $1.40 resistance and currently are in the process of a support test. If GNUS can hold this level as support and build a solid base, we may see a much higher price in the...

CryptoSyphn Updated  Dec 17, 2020

Zynga has been in a bull flag or descending channel structure for the better part of 4 months. Zynga has received some notable buzz around some of their recent business acquisitions. Looking at the chart, we see bullish divergence on the RSI, Momentum indicator, and a bullish MACD cross signaling a change in trend. A close above the channel EQ could trigger a move...

CryptoSyphn Updated  Dec 16, 2020

This is not a high confidence trade, but the returns could be nice.

CryptoSyphn Updated  Dec 5, 2020

Looking at the Platinum monthly chart, we see a very large pattern has formed. This is a long term analysis, but judging from the current economic conditions and the fact that the FED will continue to print money and devalue fiat currency, the metals market will likely see slow steady growth over the next few years. Platinum is looking very strong, a break of the...

CryptoSyphn Updated  Dec 4, 2020

This is an update to my last Dollar chart a few months ago. Once again, I've been bearish on the dollar for some time now, we see it has broken below support and is starting to fall. We got the break and close below the 93 support level which could lead to a free fall for the dollar. Now, we don't know the exact time frame for this all to happen, and when you zoom...

CryptoSyphn Dec 4, 2020

I posted a monthly chart for the Dollar a few months back that showed the Dollar will continue to lose value in the future. This will obviously not happen overnight, but I expect over the course of 2021 the dollar will continue to it downtrend. Looking at the Turkish Lira monthly chart, we see bullish divergence, and several indicators showing strength. If you...

CryptoSyphn Dec 2, 2020

With the stay at home orders still in place and many spending majority of their time at home, video games are seeing a surge in player activity. Activision seems to be moving and "potentially" formed a Cup & Handle pattern. Would like to see a confirmed break above the $80 resistance on the daily chart, then a weekly close above $85.

CryptoSyphn Nov 30, 2020

As we analyze the Ethereum dominance chart we see an ascending channel of support holding the price up since the last move down. We also see a strong level of resistance indicated by the black horizontal line at the 13% level, a weekly close above this level "could" trigger an ETH dominance rally resulting in a dramatic price increase for Ethereum and an overall...

CryptoSyphn Updated  Nov 25, 2020

An update to my previous Zilliqa chart, we see we've developed a clear inverted head & shoulders pattern on the weekly chart. A break and close on the weekly chart above $0.03cents would likely trigger a rally to the yearly R3 pivot at $0.06cents.

CryptoSyphn Updated  Nov 24, 2020

Looking at the XRP chart, we see a very similar price action pattern playing out. A break of this very long channel could result in a large move from the so-called "Sleeping Giant"

CryptoSyphn Updated  Nov 24, 2020

Altcoin Market Cap - Looking at the Altcoin Mcap, this to me suggests we see a nice alt run soon. Which, when looking at the Bitcoin dominance chart, would coincide with a rejection from the Bitcoin Dominance yearly pivot in the chart posted below. A break of this potential symmetrical triangle pattern could push the alt market towards the R3 pivot at $176Billion...

CryptoSyphn Updated  Nov 13, 2020

Looking at ZIL, we see a clear cup & handle formation on the weekly chart. A break and close on the weekly chat above $0.03cents would likely trigger a rally to the yearly R2 pivot at $0.06cents.