This analysis uses 'crypto settings' for Ichimoku which basically double the settings to 20, 60, 120, 30. This produces a less volatile indicator and lowers risk of false breakouts. As we can see, the cloud is very thick, suggesting that price would have a hard time declining through that cloud. That is, the cloud is providing strong support. We can also...
Using a Heiken Ashi chart type we can see a typical topping out pattern for BTC dominance. This suggests a decline in dominance ready to begin, although playing devil's advocate perhaps it's just a consolidation pattern against the downtrend waiting to be broken to the upside. SparksterSignals team is betting on the altcoin market continuing to perform admirably...
Look a stumbling drunk sailor at night, BNBUSD is stumbling up then stumbling down, but has not yet found it's feet for a strong leg up. Short-term moving averages have near enough converged, Volume is flat, we'll continue to watch Binance Coin for future potential. Come on CZ!
A long-term favorite at the SparksterSignals office, XTZUSD none the less lost some ground in June. Until it breaks the current downtrend resistance, Tezos is not 'ready to moon'. Volume has also dropped the past few months. So we're looking for price consolidation before continuation on Tezos this month.
Volume profile is strong for the close of June suggesting this market is eager to break the significant resistance level. Price action for the past few months suggests follow-through momentum to the upside in July. Traders will be waiting for the break and volume may then rise significantly as ADAUSD shoots for the moon this summer. Let us know if you'd like...
Does three months of trailing volume indicate no interest, or traders waiting ready to pounce on positions as soon as LINKUSD finds support at the ATH level? The first week of July may reveal which way LINK is going for the rest of this month.
SparksterSignals hasn't done a manual analysis of ETHUSD for a while. Looking at the big picture on the monthly chart reveals MACD momentum is becoming positive and price action via Heiken Ashi setting also shows positive momentum. However, the 2 week and 1 week time-frames look like time for consolidation so we're not expecting fast price appreciation quite...
Neutral is boring. But it is also patient. Over-trading kills traders accounts faster than any other trading mistake. As it stands right now, looking at the Weekly chart on bitcoin and the pressure downwards is substantial. Looking here at the 1 day chart and we seem to be bottoming out from the previous week slide, supported by very thick cloud. Which can only...
SparksterSignals never enjoys being the bearer of bad news... However, the better you trade, it matters not which way the market goes in the short-term. As you can see, Heiken Ashi 2-week chart reveals momentum is turning downwards. Traders may seek to unload altcoin long positions at the risk of a significant price drop on BTCUSD. Major support is down at...
The weekly chart MACD just crossed below the zero level and this 4-hour chart shows price is breaking below support. Are we about to see an altcoin rally to continue eroding bitcoin dominance? Altcoin chart analyses to follow.
Although the shorter time-frames all the way up to the 2-day chart (as shown here) are bullish... the weekly chart and current resistance levels suggest a possible drop. Until price breaks resistance we are neutral on XTZUSD.
So much can be said about LINKUSD. Current price action is testing a long-term trendline revealing a huge consolidation triangle with the ATH. LINK nailed our target a week ago... ...which set up a tightly coiled spring for another test of the ATH range. Study that chart and imagine all the traders who are eager anticipating a mega break to the...
VETUSD is clearly breaking out of recent trendline resistance with the 12-hour, 1-day (as shown) and especially the 1 month chart all looking very bullish right now. The 30% target would certainly be a very big move but within the sights of traders during the second half of this month, certainly next.
Bitcoin Dominance has failed to find support above the long-term downtrend resistance, and the current weekly candle is also below long-term upwards trendline support, which can only mean one thing. A weekly candle close at about current levels or lower indicates a 4.5% drop on bitcoin dominance coming soon.
With a little push, ADAUSD can get above that golden average line to flip bullish. Then traders will set eyes on a 300% target.
The ATH has been defended by bears... but this only makes the bull run sweeter. Applying a Heiken Ashi chart reveals the current positive momentum on the monthly chart. Soon enough we expect traders taking long positions as LINKUSD enters new price discovery mode.
I don't think there's a trader on Earth that would not agree this chart looks very, very promising. With a 'three white soldiers' formation and current price above a long-term horizontal resistance level, (plus RSI and short moving averages crossing up), we expect traders to take long positions for July and beyond.
#XTZUSD is pretty flat at present. Slowly negative momentum is seeping into the longer term time-frames. Tezos needs a good positive push to break the current downtrend so it can re-set for another test of the ATH. Not very good trading signals but certainly an accumulation phase for true believers.