Short and sweet update here, bullish on ltc till EOY. However, Daily and 4HR charts are still showing bearish signs. Look at the nearest fib levels for support, as we look to the upside on the 90min, we can see some bullish action and potential price floor discovery. Would like to see LTC test and reject the zone in the yellow circle. Another rejection would...
Vechain update: Daily & 4 HR remain bearish at the moment, but from a TA standpoint it looks like we may have found our support here. This would complete a triple bottom and indicate a reversal to the upside. Looking at he 90min chart we see Cypher B indicator in Panel 2 showing some bullish activity. Rule of thumb: -PRICE ACTION FIRST, THEN INDICATORS: at this...
Good afternoon to those that survived yet another FUD sell off in the crypto market. Quick update to XRP as we are now seeing bulls re-enter around the 1.44-1.47 zone. Critical we hold the nearest support fib level. Opinion(72 hr timeline): Look for heavy resistance at the red box nearest the fib trend line. If we break through, we are likely to follow with a...
From a fundamental standpoint, we have a similar situation than that of doge. That being total supply is rather massive, however, SHIB holds the same utility and actually has a more feasible path to scale to $1 given its total supply sitting at 1,000,000,000,000,000. One thing is for certain, the momentum is present. Kucoin and Binance (innovation zone)...
KRAKEN:LTCUSD -Weekly Chart showing bullish indications to continue new ATH's, Post $370 we look to run toward the $600 level. Once reached, we will look at shorter time frames to decide whether or not a quick pullback is imminent and profit taking is in order. -This will run in tandem with BTCs next push to 70k, and then ~92k. Alt coin season is coming, but not...
Current trend supporting near term breakout ~2 week time frame, 3D chart showing great support for long trend. once 62k target is broke and held... look for the run to 92k. Cypher B confirmation of incoming bullish momentum on 3D chart.
BINANCE:VETUSD Fib retracements confirm we are out of the pullback and consolidation period. Downward trendline broken, double bottom on 4hr chart confirmed post breakout of wedge (two green dots on Cypher B indicator, coincide with price action of 4hr chart). 3 confirmations of bottom -Price action (always look at candles before indicators, rule #1) -Fib...
look for resistance in the green box, anything above, look to the fib lines for next resistance/ profit taking levels. if we close above this next fib resistance on any candle above 4hr, look to break ATH. -anything reverse of the above, look to prior post for daily levels.
MACD & cypherB signal trending above existing pitch median line, new supports to be made=> Higher highs in coming weeks.
Look for Defi networks to begin there bullish activity once more. BTC to test new highs afterward. For those not looking to learn or collaborate, visit my shrimpy page and tie your Bittrex accounts to my DeFi Index. If i don't make you a profit, there's no cost, if i do its simply 1%. cheaper than your local ATM :) shrimpy.io
Currently trending upward if we look at the larger picture here, most pitchfork analysis wont fit, however per trend shift you must SCHIFF your fork. Now that the bad puns are out of the way, we are looking at the daily trend for YFI using the modified schiff pitchfork as our support and resistance zones. The red middle/ median line will be our indication of a...
After a near 50% correction from DNT's recent top, while others in the market rallied, the spotlight has been off the coin for long enough. 4HR wedge pattern, macd reversal, volume trend, and RSI showing we have room to break out to the updside. Red/ Green are your near term support/target prices(resistance)
Apologies for not posting over the weekend, had to wait for my accounts to unlock after getting set up on the the new iphone.... i.e I had to reset my authenticator lol( I never learn). HOWEVER, if you played the 4hr buy levels, you are now primed for the next breakout. look for candles to close above the first green target and test previous near term highs...
Last TA played out nicely, as we move forward here are the levels you will need to pay attention to. As always green/red lines are our long term support/resistance(target) levels and blue are our near term supports. Be cognizant of crypto rotations, typically I convert my large alt gains into either BTC, ETH, or YFI (whichever has consolidated most). ...
Happy Friday everyone, this mornings breakout my have been short lived, but as stated prior that upper purple line is our trend channel resistance. So what do we do now? A. Don't panic, and have a game plan. B. Novice traders will see red and fold on a strong hand, simply put, when my previous targets are reached its very important to take some profits off the...
Targets are your green levels, red is support. Nice wedge with MACD indicating bullish momentum, RSI also indicating we have a lot of room to run. Be sure to check out my other TA on xrp & yfi, requests are welcome Cheers, Tony
Target Px hit, take some profits off the table and look for near term correction to build position before next leg higher