CryptoSyphn

CryptoSyphn

Looking at the Nasdaq, we see the inverted head and shoulders pattern played out nicely, resulting in a 6% price increase. Price has since retraced back to the neckline of the pattern. If the Nasdaq and can hold above the red box and manage to bounce, we'll likely see another leg higher resulting in new highs. A strong daily close below this level will invalidate...

CryptoSyphn

We see FitBit may be crossing a multi-year resistance if we get a confirmed weekly close above resistance, we can look for higher prices in the coming months.

CryptoSyphn Updated 

Looking at the Bitcoin weekly chart we see a beautiful picture that shows lots of opportunities ahead for the crypto market. BTC has broken out from the downtrend line that has held the price down for 3 years now. We have what looks to be a confirmed breakout from the large symmetrical triangle that has been forming. BTC is sitting on the 21EMA, and the 50EMA is...

CryptoSyphn

Unfortunately, this post I made about a month ago got banned because I accidentally violated the rules. So far, things worked out perfectly and hit our $33 target. Previous Post: "Those of you who have been following me for some time know that I've been following BNB for some time now and expected a large push-up. Given the fact that Binance is getting back...

CryptoSyphn

XRP has been a slow mover over the last year, zooming out and loking at the weekly chart we see a breakout of the descending channel and price holding above the channel using it as support. XRP looks poised to make a nice push towards the R2 yearly pivot and possibly beyond.

CryptoSyphn Updated 

Looks like we've filled in the symmetrical triangle on that last push down, we may see one more push down to the pivot or slight below before we attempt a breakout.

CryptoSyphn

I've been short on the dollar for some time now, I believe it may have found a decent level to hold as support for now. However, I believe this to be temporary. I break and close below the 93 level could trigger a larger move down to our fibs levels below. Dollar weakness bodes well for the overall markets, mainly stocks, gold, silver and Bitcoin.

CryptoSyphn

Tezos has been pushing up nicely over the last few days, I've been long on XTZ since $3 and I expect higher prices to come. We never know just how far an asset will run when it makes new ATH's. So for now, I would say a good target for XTZ is somewhere between $5-$6. We could go much higher, but for now, it's best to play it conservatively.

CryptoSyphn

Looking at the YM1 (DOW Jones) we see it has broken out of the symmetrical triangle and the downtrend line from earlier this year. It has broken above the June range high and managed to hold it as support over the last few days, believe the DOW will follow the other indices and continue to push higher eventually filling the gap from February.

CryptoSyphn

I've been following ES1 the futures pair for the S&P500 for a while now, looking closely we see a well-defined channel its been pushing up in since the March lows. We have closed the gap from February and managed to hold as support for the last few days. This tells me it may have the strength to continue pushing towards the R1 yearly pivot and challenge the...

CryptoSyphn

Looking at the NEO weekly chart we see a clear and defined resistance at the $15 level. A break and close above this on a weekly chart would likely trigger a rally to the R1 at $17 and possibly even as high as the R2 pivot at $26.

CryptoSyphn

Looking at the XRP chart we see a clear and defined level of resistance above at $0.325. A break and close above this level on a weekly chart would likely trigger a rally to the R1 pivot at $0.40 and above.

CryptoSyphn

As we look closely at BTC we see it has held the 21EMA nicely and also managed to print hidden bullish divergence on several time frames, from the 4hr all the way up to the Daily. We may see BTC test the bottom trend line again, but overall BTC looks like it has a little more gas in the tank for a push above $12k.