First of all: Fuck. Didn't see that coming. But hey, almost no one did judging by the comments on Twitter, but it is what it is. Nothing we haven't seen many many times before, so act accordingly, calm your emotions and work with what you have. I won't try to find a reason why it happened, as far as I know there weren't any major macro economic factors, stocks...
Time for a new analyis on FET :) So obviously the fractal didn't play out tha well to say the least but it's still helpful to identify certain market patterns once in a while to get a feeling on how markets behave. Of course, history won't repeat itself, but it rhymes :) Anyway, as we speak FET is printing a nice bullish wedge on the daily chart with volume...
If you read my previous analysis you would know how I traded Rune over the last weeks and it played out perfectly :) Now I believe we see one more drop into 3$ today or at the beginning of next week. As is stated, it will just be a swing trade as I believe Rune will eventually go to 2$ coming months. There is no further explanation as the chart speaks for itself,...
So, as I mentioned in my previos analyis on ETH I said that I won't rule out another stop hunt below ~2800$ for ETH and this is the reason why I believe so: If you are a bear, this is probably what you are looking at: A huge IHS with the neckline around ~2825$ which would give a target of 2k. But knowing the market for almost 10 years now I think I know what...
Think we will see another drop to the yearly open level shown in the chart. Would be a solid long entry with a tight 10% stop for me. If it holds we should see a push towards 10$ within weeks but I think it will go much higher later this year, this hasn't topped out yet. Stay safe!
ETH seems to be a bit more tricky at this point... Now with the possible tailwind of the ETF, which in my opinion is not priced in yet, ETH should perform well eventually. But similar to what we have seen after the approval and listing of the BTC ETF, it seems to lack conviction. When looking at the chart I see a possible danger right ahead: Equal lows. These...
So, bit of a risky setup but think there is a decent chance ENA will find a bottom around 30 cents. It's pretty obvious that this was the opening price at launch so I expect some buying here but not interested in holding this coin any longer than that. 40 cents would be the first resistance that needs to break, if it does good chance the bottom might be in....
So, in my last analysis I mentioned the possible double-top pattern with a target of 42-44k, which now seems to be in the process of being invalidated. As I said, a break of 64-66k would be a good start but the real resistance that needs to be broken for continuation of this bull market is located at 68-70k. I don't believe it's just going to break without some...
I keep finding these nice double-bottom setups across the board, so why not share it :) SNX is currently trading at the range lows around 1.40-1.50$, think there is a decent chance we see SNX pushing into 3$ coming weeks, which would yield a nice ROI with a tight risk/reward. I said this before, double-bottoms probably are the most reliable patterns you could...
For the RSI nerds out here ;) FTM is about to print a bullish divergence on the daily chart, these setups usually have a very high hit rate, so I will be risking a long here with a wider stop than usual. Playing it a bit more safe on the target, don't be too greedy :) If it goes up more so be it, but still a decent ROI overall. Stay safe!
Just found this nice setup on Theta, really speaks for itself: IHS on daily chart, held yearly open, trendline break, what more could one ask for? Target as shown in the chart, opened a long at current levels, invalidation below right shoulder. Stay safe!
Just found another decent double-bottom setup, analysis speaks for itself. Long from current prices, tight stop, great ROI. First TP zone weould be around the neckline but should go higher than that. Stay safe!
Simle and stupid, I am going to short SOL at 188-189 with a tight stop above 194, target 154, not sure when, probably by end of the week. Stay safe!
So as you might know I was buying LTC all the way down to 68$ over the last few weeks because I still believe we are going to see LTC awaken from the dead sooner or later - And by looking at the chart LTC seems to be primed for a move up into 100$ or even higher. "X" would be my invalidation, really should not drop below here anymore. Hold above ~70$ and we...
Well, I wasn't even watching this coin for quite a while now but given its market structure I believe it's worth a shot to risk a long from current prices. Took out the '22 lows and appears to be printing a nice double-bottom setup on daily timeframe: These setups are by far my favorite since they usually have a low chance of failing, defined risk-reward and...
So in my previous analysis on ETH I said that I won't rule out another drop to 2700-2800$ coming days BUT there is also a chance, that this small double-bottom pattern is going to play out, which would most likely invalidate my idea of seeing a huge bear trap. As I have shown ETH needs to break the resistance at 3280$ and hold there for 2-3 days before pushing...
FXS is going wild as we speak, was a bit late to the party but still early enough to write a quick analysis :) Simple and stupid, long from current prices, think it will push into target area shown in the chart (the squiggly circle that is). Stay safe!
I believe SEI is bottoming out here and we should see a mid-term trend reversal coming weeks. Looking at the chart we have a pretty obvious double-bottom pattern in the making but it's not confirmed yet. If we see something like this I am going to risk a long. Target as shown in the chart. Stay safe!