MillionaireEconomics

MillionaireEconomics

Hello friends, today I am completing a technical analysis on the 1D linear scale chart for Coti (COTI), a cryptocurrency altcoin. In the chart I noted: 1) COTI price recently formed a Double Top and it broke down from the bottom of that trendline. The measured move of the Double Top Formation Pattern is going to bring the price to $0.25, which is a 38-40% price...

MillionaireEconomics

Hello friends, today I am reviewing the 1D linear scale chart for The Graph (GRT), a cryptocurrency alt coin. In the chart I noted: 1) GRT price has been in a long-term triangle pattern since Jan-Feb 2021. The price is approaching the apex. 2) The price recently tested the top trendline of the triangle and got rejected and may possibly re-test the bottom of the...

MillionaireEconomics

Today I am review the Silver price (precious metal per oz) forecast. The multi-year chart is on an annual (12M) basis on a linear scale. After 40 years, the Silver price formed a cup and handle pattern since 1980. This is incredible. Unfortunately the price has not broken out yet and it seems in 2021, the price is still below the trendline of the pattern. As...

MillionaireEconomics

Hello friends, today I am reviewing the 4H linear scale chart for Bitcoin (BTC), a cryptocurrency. In the chart I noted: 1) The price recently formed a cup and handle pattern forming since April 2021. Shown in purple shade arcs. 2) The price broke out upwards to make all time highs. 3) Though price broke upwards, the re-test of the cup and handle top trendline...

MillionaireEconomics Updated 

Nice breakout out of the triangle with a retest in the yellow lines (bullish). The orange line shows a rising wedge pattern (bearish). I believe the RSI still has a bit to go before a rising wedge pattern drop happens. Fib levels are shown. HIT THE LIKE AND COMMENT BELOW PLEASE. THANK YOU! CHART ON TRADINGVIEW USING MY AFFILIATE LINK: www.tradingview.com (thank...

MillionaireEconomics

Hello friends, today I am reviewing the 1D chart for Ankr (ANKR), a crypto altcoin on a linear scale. In the chart I noted: 1) The price has been bouncing off of a long term upward trendline since June 2021. 2) The price started moving up another smaller trendline since October 2021. 3) The price has the potential to re-test the Fibonacci golden pocket zone...

MillionaireEconomics

Hello friends, today I am reviewing the 1D chart for Litecoin (LTC), a crypto altcoin on a linear scale. In the chart I noted: 1) The price has been bouncing off of a long term trendline since July 2021. 2) The price started moving up another smaller trendline since September 2021. 3) The price recently bounced off of the support line around $200. 4) The price...

MillionaireEconomics

Today I am charting Shiba Inu (SHIB) on a 4H linear chart. The current price is back inside of a parallel channel since the end of October 2021. Every time the price drops below the median in the channel (body not wick), it generally touches the bottom of the channel. Concern: The price has broken down from the trendline which started in early October 2021. If...

MillionaireEconomics

Hello friends, today I am reviewing the 4H chart for AAVE, a crypto altcoin on a linear scale. In the chart I noted: 1) The price has been in a descending channel since November 9, 2021. 2) The price hit the bottom long term trendline multiple times on November 18, 2021. 3) The price target for the breakout is around $304, which is a 10% upside. This is also a...

MillionaireEconomics

Hello friends, today I am reviewing the 1D chart for Uniswap (UNI) on a linear scale. In the chart I noted: 1) The price has been in a long term triangle with a breakdown since May 2021. 2) Currently, the price hit the bottom of the long term trendline since January 2021 and bounced off of it. 3) The price has the potential to move up about 20% to around...

MillionaireEconomics

Hello friends, today I am reviewing the 4H chart for Bitcoin (BTC) on a linear scale. In the chart I noted: 1) The price has been moving in a downward channel over the past days. 2) Currently, the price is attempting to break out of the channel with a measured move of about 5% to $60,711, where there prior period resistance. 3) The RSI has also broken out of a...

MillionaireEconomics

Today I am reviewing the 1D (daily) chart for Robinhood (HOOD) on a linear scale. In the chart I noted: 1) The price is shown inside a parallel channel since August 2021 when the the price had a major drop. 2) I am showing a prior fractal as noted in the red oval for the upcoming price. The fractal top price of $37.62 is in line with significant resistance as...

MillionaireEconomics

Today I am reviewing the 1D (daily) chart for Bitcoin (BTC) on a linear scale. In the chart I noted: 1) The price is shown inside a parallel channel since March 12, 2020 when the RSI hit a major low. 2) Recently a double top formed with the breakdown today. The estimated target is around $47-48K. That is about a 16%-18% drop from current prices. 3) RSI may have a...

MillionaireEconomics

Today I am reviewing the 4H chart for Avalanche (AVAX) on a linear scale. The price dropped today as did the entire crypto market except for a few outliers. In the chart I noted: 1) The Ichimoku Cloud support in green which is looking strong. 2) 3 areas of Support in case there is a possible price drop further. 3) The 50/100/200 MA with the 100MA at Support...

MillionaireEconomics

Today I am reviewing the 1D (daily) chart for Polygon (MATIC) on a linear scale. The price has been dropping with the overall crypto market dropping led by Bitcoin (BTC) and Ethereum (ETH). I am showing the Fibonacci level of 0.382 around $1.17-$1.18, where the price may also meet the trendline (in red). This would be a 22% drop from current price levels. Also...

MillionaireEconomics

Today I am reviewing the 1D (daily) chart for BrainTrust (BTRST), which is an altcoin. The price has been moving in a descending parallel channel (bearish pattern) since October 2021. It is important to note that within the parallel channel the price is above the median. If the prices breaks below the median, we may be in for a lower price. I am also looking at...

MillionaireEconomics

Today I am reviewing Zillow (Z) on the monthly linear scale chart. The price has taken a 41.83% drop this month (November 2021) so far and about to re-test the long term parallel channel it was in previously. Furthermore, the price is also re-testing a trendline as shown by the red line. The RSI (relative strength index) is necessary to pay attention to as it is...

MillionaireEconomics

Today I am charting Shiba Inu (SHIB) on a daily linear chart. The current price is inside of a parallel channel since the end of October 2021. Every time the price drops below the median in the channel (body not wick), it generally touches the bottom of the channel. Concern: The price has broken down from the trendline which started in early October 2021. If the...