HoodFav

HoodFav Updated 

US30 - SHORT SETUPS

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XAU has seen a nice run from sub 1700 to over 1900 last week. Now it seems we are reaching the top of the downward channel we have been in since the ATH last year. However, we are looking to be exhausted & cashflow is bleeding out of the asset. So, we shall keep a close eye on both the ray close to 1900 & the ray used as the recent uptrend. If the recent...

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Peep the chart

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REEF is a diamond in the rough asset that has yet to see its price appreciate. Partially because of their main net just being launched, & partially because BTC has been slipping in price. However, I am expecting REEF to retest $0.016 (weekly sr) before continuing its trend upward. The rays have always been on point according to the chart. From the top going...

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XAG has recently broken out of a 6 year resistance of $21. We have been consolidating for a long while now, & have just formed a bullish continuation ascending triangle on the weekly chart. If this plays out in the next few days/weeks we could see XAG break through the local SR line of $30, then $50, & potentially new all time highs. Biden's $6T plan will...

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Hypothetical XRP swing trade setup. XRP has formed a nice bullish symmetrical triangle on the 12 hour timeframe. This is very bullish in the sense that it has held the formation & just bounced off of the 61.8% fib retracement (price zone 2) from the first impulse & retrace. From the second impulse & retrace to (price zone 4) it has just bounced off of the 38.2%...

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Litecoin has had a few volatile waves along with BTC & ETH. Here is an idea for a nice lil setup that's underway on the 4 hour. Wait for confirmation of yellow lines to be broken & ride it out. Not financial advice.

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Flare looks to be trying to hold support level 1. If the support level cannot hold in the next few hours, we will likely retest support levels 2 & potentially even 3. However, if support level 1 can hold, it would form a triple bottom which would be extremely bullish for XFLR. Keep an eye out for support level one around $0.40 & if resistance of $0.45 can be...

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VeChain has been making silent but immaculate gains all year. Climbing it's way up to $0.25 with ZIL, I think VET is primed for another move to the upside. On the 12 hour chart you can see that we have just broken out of a nice ascending triangle & are retesting the top line as new support. If this line holds in the next 12-24 hours, we could see nice price...

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XRP has been seeing a lot of solid price action the past few days. Finding solid support at the $1.30, $1.4, & $1.5 levels, we have now found support around $1.6-$1.7. However, the strong resistance is now around $1.72-$1.73 where we previously had the massive selloff. This means that many investors are going to use this point as their short stop loss. So,...

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Chainlink just closed above $48 on the daily timeframe. This line has been rejected 4-5 times in the past but has never been closed above. Closing above this trend line is very bullish for Chainlink. According to my analysis I am expecting a 50-100% move in the coming days & weeks. Not financial advice.

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A nice uptrend has been hitting the markets as of late. Looking to ride the opened LTC trade from the bottom green spider line that I barely had my limit order wick in. Target is the green box, & ideally if we can close above the top green spider line we will continue upwards. Remember, LTC is a lot way from its ATH so keep an eye out for it. Not financial advice.

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Watch for the resistance of $1.42 to be broken. If it breaks $1.42 we may see $1.80+ in the next 24-48 hours. Not financial advice.

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REEF has been in a consolidation zone above $0.034 for the past few days after seeing a brief dip below $0.03. Now, it seems as if we are at a turning point. As you can see on the chart, the white lines are the current macro consolidation zone we are in. The green horizontal line acts as an equilibrium where we have previously seen several massive selloffs...

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Telcoin has been seeing some positive news the last few days. ODL has also seen a spike in the Philippines & other areas TEL works with. According to the chart, there is an extremely sharp trigger wave on the 2D chart (a bit unorthodox, I know, but it's circled in pink). But, from the previous chart data, there hasn't been a trigger with this amount of...

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Bitcoin has been in a bear movement for the last week or so. Although we saw a nice pullback, it has still shaken the market quite a bit. However, the .618 fib retracement seems to be the golden retracement level for BTC to predict a new breakout. The last time we retested the .618 fib level of 51,470 it sent us to a new ATH of 65k. So, the next few days could...

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ETH has been on an absolute rampage these last few days. Even with the entire market in shambles, Ethereum has been running its own race. As you can see we have just broken out of the consolidation, or accumulation zone. From the 4H chart, you can see that over the last day the money flow into ETH has seen a massive increase. There was also a strong bounce off...

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Litecoin has just broken the previous massive selloff triangle from a few days ago. After breaking out of the triangle we have seen a solid day or more where price has stayed stagnant in an accumulation zone. Not it looks like Litecoin is ready to rip to the $280 area now that the money flow is in the green. RSI is also being pushed up heavily & there is a...