Sparkster

Sparkster

Price is still stuck in the red zone that we identified after the big drop in early September. A drop below the red zone would suggest a decline to the $290 level (about 13%) as previously projected. A rise into the orange trading range would give a stronger bullish signal for accumulation leading to a breakout and re-test of the $380 level. As we can see on...

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The current 2-day candle is attempting to covere the previous 2-day candle, known as a dark cloud cover. If it does by close of the candle tonight, it's a fairly bearish formation suggesting the chart would still technically benefit longer-term with a further price drop. Touching around 55 cents would confirm the previous resistance level as support. So a 20%...

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Many traders believe that decreasing volume is a bad sign. Not necessarily. A volume drop often occurs during a consolidation phase where both bulls and bears become exhausted, and are waiting to see what direction the market takes. Currently DOTUSD is testing the support of its trading range on Binance. Any small sign of strength will bring the bulls back...

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Since our initial analysis on LEND projecting a 20,0005 upside potential... ...price so far is following our rounded bottom formation with MACD showing increasing negative momentum. We continue to watch for support at the horizontal level (blue line) over the coming weeks. Do you trade LEND? Or just accumulate for the longer term? We're still undecided...

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TRX has a verrrrry long consolidation phase within a broad trading range. With a 70% upside to the trading range resistance, some short-term traders may be tempted to catch it, although looking at the charts fluctuations it seems like a gamble compared to other trading opportunities that may be available for other coins. However, the big potential for a...

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Using the bollinger bands indicator on the weekly time-frame for BTCUSD we see price is above the middle band (green line), which happens to be aligning with the support level we previously drew (first blue horizontal). Price is about 15% away from breaking out of previous local highs, and the MACD is currently showing a negative sentiment. On lower...

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DOTUSD has touched the support level we published yesterday. A break below would signal a sustained decline for DOT. If it can hold the current level during the current Bitmex exchange fiasco (CFTC sued Bitmex for being unregistered) then we can expect strong buying coming into the DOT market to push it to the top of the trading range. With the MACD now...

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At some point LTC may rise against BTC, but as per the current Monthly chart shown, we see that LTC has lost value against BTC since April 2019. A 70% decline. Note the MACD is moving up with a possible cross of the zero level coming in a month or so. This suggests sentiment may be changing. A subsequent break of the trendline would indicate LTC raising against...

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DOTUSD is so new that technical analysis is more difficult. What we can see so far is a clear upper and lower level on the 1-day chart suggesting support and resistance. A break below would suggest a big dip in price. A break above will indicate a new rally beginning. MACD is pushing up and about to cross the zero level which suggests positive momentum...

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Over the past year LENDUSD (Aave) has risen 20,000%. Right now we see a retracement which may find support on the previous ATH of 0.36 (blue horizontal). MACD is also trending down on the Weekly time-frame. Now may not be the best risk/reward moment for longer-term trading or investment in Aave, however given the epic performance over the past year, this is...

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ALGOUSD is under pressure with a 45% downside risk to find a strong support level. That would present traders with a good buying opportunity. Alternatively price may consolidate at the current level, preparing to re-test the level 45% above current prices. The MACD is turning red as of this week which suggests that momentum is weakening so we remain cautious...

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Theta has been on a tear for the past while. But how strong is the momentum, will it continue, and how does it stack up against BTC? Despite relatively low volume, THETABTC has skyrocketed 75% this month. There is a concern that low volume could indicate a pullback, however overall this is clearly a strong move and paints a good picture for Theta to maintain...

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With Uniswap now listed on Binance and attracting major interest from across the crypto industry, we thought we'd start charting it despite only having a few days worth of data to analyse. So... using a 4-hour time-frame what can we see so far? Within the current consolidation range... A 30% downside to 'strong' support. A 30% upside to resistance. A...

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Finally starting to see some market confidence with BTCUSD pushing off of the $10,500 level with a nice candle pattern. Still a way to go but a break above $11,100 would be a strong sign of bullish momentum, despite any subsequent pull backs. That $14,000 level is back in site. October could still see a lot of consolidation below $14,000 but that will be a...

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As of this writing BTCUSD is down about 1% on the day. A recovery plus an extra 1% gain to close the day would help signal positive momentum to short-term traders and bots. Staying above the $10,500 level (blue horizontal) is important for market confidence. SparksterSignals backtesting is not yet indicating strong entry positions while the market digests...

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Once again we are watching the same levels as the past few weeks. Yesterday ETHUSD took a big nose dive below the trading range floor, and fully recovered during the next 12-hour candle. The current 12-hour candle is now re-testing the bottom of the trading range floor again. Finding support here will indicate to traders that price will rise back up to the top...

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It's like the eye of the storm... a moment of relative silence.. until thunder strikes. ETHUSD is hanging precariously to the red trading range. A little dip below this level will start to alert short sellers and Whales to manipulate a flash crash as deep as $290 (12%). Watch this space. And check out what we're building for historically proven stress free...

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Taking a long position on LINKUSD right now has a terrible risk/reward ratio. Until and unless price consolidates back above the current horizontal, short traders will be looking for an entry with 25% drop target. As it stands right now, price is pushing against the exact level we've been watching for weeks, assuming that 'as a worse case scenario' price could...