HIGHLIGHTS Bitcoin's (BTC) price completed the fifth impulsive waves (by the EW theory) IN DETAILS… In the last couple of days, there was a lot of FUD and all kinds of news. Fundamentally that was a time when the market gets rid of the weak hands, people that were late for the party. From a technical point of view, a correction had to appear. Correction as...
LTC is preparing for a deep retracement The support level for the drop will be $44 per LTC
HIGHLIGHTS Ethereum's (ETH) price is preparing for a deep retracement to $45 in the next 7 months. Elliot Waves count shows we are preparing for 3rd wave out of 5 Impulsive waves. Big retracement will take place. IN DETAILS... Fundamentally, before a big drop, a short squeeze is taking place. Last few days we saw a growth in the price of more than 30% for a...
HIGHLIGHTS Litecoin's (LTC) price bounced inside the channel around $48 and made a short squeeze, liquidating all short-sellers. A retracement needs to take place. Zone for retracement will be $32.5 price range. IN DETAILS... Fundamentally, the last 3 days Litecoin made a short squeeze, pumping it's price more than 25% for a short period of time. A short...
HIGHLIGHTS Bitcoin's (BTC) price bounced of 200 weekly candle - moving average (MA). Currently, the price is moving in a channel with a resistance level of around $9700. The colored zone around $5550 and $4900 is playing the role of a strong support level that will stop the price falling if it reaches it. IN DETAILS… Fundamentally, the last two days Bitcoin's...
Litecoin's (LTC) price tested the 21 Candle - Moving Average (MA). The Blue lines around $63 and $66 are playing the role of a strong resistance level that will stop the price growth if it reaches them. Colored Zone close to $40 is a strong support level, where the price can consolidate. Fundamentally last two weeks Litecoin's (LTC) price dropped more than 20%...
HIGHLIGHTS Litecoin's (LTC) price tested the 21 candle - moving average (MA). The blue lines around $63 and $66 are playing the role of a strong resistance level that will stop the price growth if it reaches them. Colored zone that is close to the $40 level is a strong support level, where the price could consolidate. IN DETAILS… Fundamentally, during last two...
Ethereum's (ETH) price tested the Weekly Candle Close in range of ($189 and $196). The Colored zone is playing the role of a strong resistance level that will stop the price growth and forced to retrace in a downward direction to find support to hold on. Fundamentally last two weeks Ethereum's (ETH) price dropped more than 25% for a short time. BTC had a drop of...
HIGHLIGHTS Bitcoin's (BTC) price broke through 200 daily candle - moving average (MA). Currently, the price is moving in a channel with a resistance level of around $9000. The colored zone around $5550 and $4900 is playing the role of a strong resistance level that will stop the price falling if it reaches it. IN DETAILS… Fundamentally, during the last six...
Fundamental Reason BINANCE:LINKUSD is a coin used for diversification when a dump takes place at the market money of selling Bitcoins flows to LINK. The result is people in fear selling and ChainLink pumping unexpectedly, leaving everybody in confusion. With my experience watching the Link of its creation I think this is the case. Nobody would expect a new pump...
Ethereum's COINBASE:ETHUSD price tested the Weekly Candle Close in range of ($221 and $231). The Colored zone is playing the role of a strong resistance level that will stop the price growth and forced to retrace in a downward direction to find support to hold on. Fundamentally the last two weeks altcoins had a time of growth connected with Bitcoin Dominance ...