Granted, the chart looks bare bone but let's get straight to the point. These huge long wicks to the upside signal massive selling in those areas. Perhaps MATIC needs to come down before it starts trending up again. Compare to May 10 and May 24 and the result was -60$ from it's closing price on the bi-weekly candle on May 24 / June 7. Let's not get TOO excited...
Going from closure to closure, the .618 retracement is located somewhere between $2.30 - $2.76. At the current time this coin has been in accumulation for a few months now. But assuming that the trend continues with its bullish sentiment and CSPR achieves what they have set out to do as they have amazing fundamentals we may see CASPER NETWORK pull off a monumental...
Price action is in the mist of possibly forming an inverted head and shoulders AS LONG as price does not break the low it printer back in November 10. This would also complete a possible bull flag. (If that makes sense). Notice I'm saying "possibly" as there are no guarantees in trading; only statistics and probabilities However, if you research this coin and...
Multiverse may be on the verge of a monumental run. As we can see it has broken and maintained above the 21 week EMA (purple) for over 3 weeks in a row. This reminds me of back in January when KCS broke above and maintained support above the 21 EMA on the weekly. It's hard not to spot similarities between the two. KCS produced 2000% gains. With the recent boom of...
Are we still in a bull market? I'll leave this observation here and let you decide for yourself.
This is a follow up to my most recent Bitcoin analysis on a medium to high time frame. Looks like the party is either over for now or over for a while.... What's it going to be?
A simple analysis of the current BTC/USD structure on the one day chart. IF this analysis proves to be right (as anything can happen in crypto land), we may see Bitcoin dip down to the high 30ks to low 40ks in the coming weeks. We shall see!
Looking at Solana on a logarithmic scale we can see that it has been following a trendline (green) very closely. Only until recently has Solana deviated away from this trendline due to market exuberance. As of right now this asset looks like it is either setting up for another leg up or it might need to dip down to the green trend line to validate support before...
Seriously, in all seriousness... lol. Gaps in crypto land now? I hope I’m seeing this wrong. Look and analyze the opening and closure of those last 6hr candles and ask yourself if it makes sense! #DOGEDAY ? We’ll see if the doggies have anything left in them. Perhaps the last fireworks? Let’s stay tuned.
You read that right. Fasten your seatbelts! Unless the bull cycle is over and we're doomed to get wrecked this week BNB/USD is primed for the ultimate fire works. In this chart I present to you what's called an anchor green dot brought to you by Market Cypher. These appear very seldom. These are very few and far in between but when they do appear, as mentioned in...
EOS/BTC chart has just produced two green dots at the bottom signaling strong upward momentum on a weekly timeframe. Every time these dots have appeared the price action has produced astounding results. Also, EOS/BTC just conquered the 21 week EMA. If we manage to close the week above 0.0001134 this will confirm our first signal. This coin shouldn't be slept...
So clear that even Stevie Wonder could see it! HUUUUUGE bull flag on the WEEKLY time frame. Price has had a strong run up followed by a long consolidation inside a tight range right into the 21 week moving average (purple). At this point we are waiting for some volume to come in and the weekly stochastic to turn up. Once we see this take place we will see ...
Well lookie lookie we might have a cookie. Do your own research but the target here looks to be around $6 if this thing plays out. Mind you, first we need to work out way into this triangle so this may be an early call. But the possibilities are there. Happy trading!
Perhaps technical analysis is completely subjective and we see what we want to see based on our bias towards the markets and our own wishes. On this chart I am seeing an inverse head and shoulders pattern on the 1D time frame for OMG/USDT. Volume profile seems to support it despite being seemingly low. At the time the price action is retesting the neckline of the...
In short words, Kyber Network seems to be showing signs of weakness. We are forming a similar pattern to that of LINK/USD a few days ago (descending triangle) go check out my other post on LINK/USD. This time around we have closed several 4hr candles below the 10EMA, 21 EMA and 55 EMA and looks like we’re enroute to touching the 200 EMA. This move coincides with...
Looks pretty clear to me we're correcting in the short term. Where to next?
This may be a bit of a premature call but in the past few days we have experienced many Alt coins have tremendous rallies. Here we have ETN/BTC that after breaking out on May 11, peaking at 0.0000011910 sats on May 16, has corrected all the way down to the 0.786 which also coincides with the 100MA (blue) while printer a higher low and working on getting above the...