Sultan_of_Chart

Sultan_of_Chart Updated 

I love this action from MATIC here. It's showing incredible resilience and strength against BTC and ETH. After a beautiful move from 0.51 to 0.99, we're in a consolidation phase. Triangular consolidation that is serving as a bull flag is attempting to break out and when it does, we're going to rocket higher. There is a lot of action in the parallel channel...

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Ladies and Gents, we may be entering ETH season. Finally! Finally we get some action on this ETH/BTC chart. I've been waiting for a breakout, either to the downside below 0.05 or above the descending triangle we've formed over the past 7 weeks. ETH has a pretty clear path to get the upper descending trendline which would be 11% outperformance against BTC. Then...

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I really like this opportunity from ZM here. The stock is cheap on many metrics and the market is pricing in a bearish case. If ZM can post even minimal growth in 2024, the stock should rip. We've had almost a year of consolidation in this $60-$74 range and we're attempting to break out. It's just a matter of time. I'm targeting ~$97 to fill the gap made in...

Sultan_of_Chart Updated 

After a ridiculous 266% gain over 2 weeks on our last trade on Samoyedcoin, we are back with another memecoin that looks poised to gain. We're in a classic symmetrical triangle and have touched our strong support line. The risk/reward is heavily skewed in our favor at this point. The sell off seems exhausted and we should bounce here. We're looking for a 90% gain...

Sultan_of_Chart Updated 

As we can see, SAMO is following its fibonacci lines to a T We've seen 3 legs up followed by brief consolidation periods. We're in another consolidation period that is trading like a reverse head and shoulders and it appears primed to break out. The fib lines from the prior leg up imply that the next leg up could be an earth-shattering 260%+. Prepare your...

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LONG TERM CRYPTO VIEW The crypto bull run has begun and with the BTC halving coming in 2024, it's just a matter of time before BTC hits new highs and altcoins follow. BTC is, of course, the bellwether of the crypto market but it is not my biggest position. I am heavily weighted to Solana as I believe it will act how Ethereum did in the previous 2021 peak cycle....

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Disney DIS Short - Descending Triangle/Head and Shoulders Disney preparing to break down from a descending triangle . Expecting low $80s price range. Longer term there's a clear Head and Shoulders pattern that would break down if the descending triangle also breaks

Sultan_of_Chart Updated 

After an explosive move, Solana has been trading sideways and I believe it is nearing a breakout. It is currently teetering at the upper bound of a descending triangle and if it breaks upwards, I expect a relatively quick pump to new all-time highs. Wait for confirmation with some volume before you make your decision, but I like the setup. I'm eyeing the 1.414 fib...

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I am bullish on CRNC on the basis of a cup and handle formation that offers an attractive risk/reward. The cup and handle is a bit "broken" only because of a gap-up due to CRNC being added to an index. We have now closed that gap at $109 and it appears that the bullish move is ready to continue. I am eyeing two targets for this trade at the 0.786 fib line and near...

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I've been following AMZN for a while as it's been range-bound for about a year while the market has continued to grind higher. I was tracking the ascending triangle and prematurely made a BUY at 3370 before the breakout, but I believe the set-up now is more attractive. We broke out of the triangle on great volume on July 6 and I was waiting for a retest of 3543 to...

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I think Ethereum is ready to buck this recent downtrend on the basis of a reverse head and shoulders. We've been trading sideways for a while in a compressing pattern and until we make a confident break of this sideways action, you have to expect that we will oscillate. In addition to approaching the recent local bottom of 2280ish, this looks like a perfect...

Sultan_of_Chart Updated 

I believe cryptos are about to BOUNCE, driven by BTC bouncing off the lower trendline for a ≥11% move. Bitcoin just completed a H&S that took us from $41k to $33.5k and is at a crucial decision point for the next big move. What gives me confidence is that ETH is forming a reverse H&S that goes back to the initial crash on May 19. We’re sitting just above the...

Sultan_of_Chart Updated 

Usually I don't make short term price predictions but I am fairly confident in this one. ETH has just about completed a reverse head and shoulders using 15 minute candles. We bounced strongly off the 0.618 fib line and it looks like we at least want to push to the previous high. If we can break the previous high, we have daylight Wait for a clean break of the...

Sultan_of_Chart Updated 

I believe ADA/BTC looks extremely attractive right now. I recently posted about ADA/ETH and while it is up slightly, ETH is way too bullish right now for Cardano to make a strong relative move. In our first bull move (#1), we appreciated 33% and retraced to the 0.5 line. Bull move #2: 19% appreciation, retrace to the 0.382 line. Bull move #3: 11% appreciation I...

Sultan_of_Chart Updated 

ADA/ETH looks very oversold and ripe for a huge bounce. I know it's lofty expectations but we could be looking at a 100% move for Cardano/Ethereum. Prepare for a huge pump - Sultan of Chart

Sultan_of_Chart Updated 

It is altcoin season and XRP is yet to really take off like we've seen from other altcoins. I'm expecting a huge move from XRP as traders move profit from their big winners to some of the laggards like XRP. I forecast a move at least near previous highs and likely rocketing above $2.00 (this of course assumes BTC is at least flat, if BTC crashes, so too will XRP)....

Sultan_of_Chart Updated 

BCH/BTC forming a cup and handle. I'm expecting a bit more consolidation around these levels and then some green candles on increasing volumes to push to 0.0184. We might pause around there, but I'm looking for continuation to the previous high around 0.0196. TP1: 0.0184 TP2: 0.0196 - Sultan of Chart

Sultan_of_Chart Updated 

BTC making a rounding top amid a bullish trend. If we hold above the $53,500-53,700 range, BTC should bounce on increasing volume and start a new uptrend to $57k. If we fail to hold the dashed white line, things could get ugly. - Sultan of Chart