If you're HODLing bags of ZIlUSD then patience will get you through the night. Ziliqa is on a consolidation phase that may last a while longer while other coins are rising higher. Zooming out on the 3-day chart reveals the trading range for major consolidation Despite breaking out of the current trendline, the 6-hour chart shows momentum is still pushing...
BTCUSD has followed our green arrow projection, but Team Sparkster thinks price action may accelerate as the weekly candle comes to a close. Next week... early... we may see a $1000 candle. Got your signals ready? Just saying.
DGBUSD has been fairly boring for 2 months. It appears the consolidation phase is coming to an end with price currently breaking through trendline resistance and momentum looking good on 2 day and 3 day time-frames.
ZILUSD is struggling with the 4-hour time-frame at the moment but from a 2-day and 3-day perspective things are looking very good indeed. Price seems to have found good support around the 16 cent level to consolidate this months upwards price movement. Our 40% target was delayed, but back in play.
Longer time-frames are still showing mixed momentum, but the 1-day chart is showing a clear setup for breaking the downtrend. If today's candle closes near the top of yesterday's candle then tomorrow may see a rally towards our target of 25%.
A drop of 5% would suggest an extended drop, however based on momentum turning positive on weekly time-frame and cloud support visible on 3-day and also on 1-day charts, Team Sparkster is feeling a little more positive about bitcoin direction. At this point, it would take a big dose of bad news to push prices down. With a 12% target and 5% stop loss, the risk...
A sudden 2% pump in price for BTCUSD is exciting... it suggests we may finally see the market start to rise. However: On closer inspection we have cause to be cautious... Until we see a breakout or a swell of momentum and volume on higher time-frames, Team Sparkster is skeptical. The problem is that Market Makers (whales and institutions) can easily take...
Overall chart suggests DGBUSD is consolidating above a significant horizontal, with current price action leaning up. The 50 MA is now pointing up after the long correction since previous ATH. MACD is still pointing down however, so perhaps this week will see DGBUSD building pressure against the top of the triangle, with next weeks momentum turning up strongly...
Higher time-frames have more influence then lower time-frames. With the weekly candle close showing almost no movement, a peak at the 2-week time-frame reveals short-term moving averages showing a top-heavy formation. This suggests price could move down. MACD confirms downwards direction too. We also see a double top (green circles). A burst to the upside...
LINKUSD weekly chart is super strong. Team Sparkster are expecting a small burst to push price back into the parabolic stair step price movement. If price lingers for too long then top heavy conditions may bring chainlink down a little, but this thing is consolidating and has not yet seen anything near a blowoff top since only recently breaking its ATH.
XTZUSD is testing a local high as seen on the 4-hour chart. Climbing above will continue price appreciation up to our recent 15% target of £3.55 which we see as likely for next week.
Higher time-frames, 1 day and 2 day are showing negative momentum for VETUSD while 4 hour and 12 hour suggest traders are attempting to find a break. It will be a very interesting close to the week as a 40% rise still seems quite possible looking at the weekly chart structure. However, if bitcoin decides to nose dive it could spark a significantly altcoin...
Certainly does not look like Cardano is ready to break out today or tomorrow. The weekly candle is setting up as a doji (indecision candle) following last week's epic move up, which does suggest that next week could see a nice continuation for ADAUSD, resuming our recent weekly chart analysis for a 170% target on route to 1000% gains.
1 day chart shows price now falling below cloud support. 7% drop to a trendline that SparksterSignals has been following since May. This matches our ominous sell alert from the 3-day chart we spotted yesterday: We wait and see if this becomes a short sharp stab downwards with rapid recovery... or not. SparksterSignals is temporarily short on bitcoin.
Once a coin breaks its previous ATH (as LINKUSD did recently) and enters 'price discovery mode', traders ride it all the way up, either hodl-ing or scalping (small time-frame swing trading), until price goes 'vertical' (parabolic) and market movers decide to take profits... At that point we typically see a long wick, perhaps followed by an indecision candle...
It appears the VETUSD is going to confirm breakout of the recent downtrend today. With a 40% target (as we gave a some days ago) we expect traders to take full advantage of the brewing momentum.
A signal to close positions is now occurring on the 3-day chart with the conversion line (blue) falling down to meet the base line (red) on the Ichimoku indicator. We could easily see a 10% correction back down to cloud support. Price is also dropping below cloud on the 1-day chart. We need to see a 4% price boost to save the momentum turning bad over the next...
Following our 2-hour time-frame analysis published earlier... ...For the weekly analysis of ADAUSD we're using fibs. See how the 0.236 fib level is very close to a strong horizontal resistance level (shown in red) at 35 cents. That's a 170% gain from current price and there's barely any resistance in the chart to get there. RSI is overbought...