Kopite Analysis Daily: 19/5/2021 — ADA/USDT
We’re back! Apologies for not posting during the weekend and on 18/5, we did not post due to special reasons.
We have an update on the ADA broadening wedge which I posted about last week. ADA pulled back to $2 levels after hitting a new ATH at $2.47, and should now consolidate within the wedge area.
Should ADA stay in...
Kopite Analysis Daily: 14th May 2021 — DOT/USDT
We’re back for another analysis today again, and we’ll be looking at Polkadot this time.
After hitting an all time high (black line on chart) of 48.2, Polkadot dumped back to 30-40 levels, and has since stayed there. In recent weeks, it formed a nice symmetrical triangle, with a breakout incoming very soon.
If...
Kopite Analysis Daily: 13th May 2021 — ADA/USDT (Cardano)
Welcome back to another daily analysis. Today we’ll be talking about ADA and its bullish pattern, the broadening wedge, which it is in right now.
Known as an ETH killer, ADA hasn’t quite seen the major pumps causing coins to go 50-60+% (though it did go from 0.1 to 1 at the beginning of the bull run)....
Kopite Analysis Daily: 12th May 2021 — SUSHI/USDT
Welcome to the Kopite Analysis! Today we’ll be sharing an important pattern related to SUSHI.
At the beginning of the 2021 bull run, SUSHI quickly went up and soon formed a strong ascending channel. However, recent dumps have seen it fall below the lower boundary into 16- levels.
Today and at the time of writing,...
Along with an ascending triangle I posted before, here are a few support and resistance lines we spotted.
(NFA, This is Not Intended to be Financial Advice. Use chart above at your own risk.)
If BTC breaks up from this channel, we may see a new ATH. BTC has consolidated for weeks now in this channel, and a breakout will certainly be very strong and send it to 75k+.
(NFA, This Is Not Intended to be Financial Advice)
Since the start of the 2020 bull run, BNB has been in a channel on the week long charts.
The same happened with ETH, which broke out and went up over 1500 after breaking out from a similar triangle.
We predict BNB may potentially do the same after breakout, and touch the psychological barrier of 1000. Potentially, it may go even further.
(NFA, The Above Is Not...
XRP fell to a 1.2 level after a dip just a few hours ago. It bounced off the bottom of the ascending triangle and a breakout of this triangle is getting closer. A major resistance lies at 1.96 (2021 high) but if it goes through we may see it go further past that.
