TheTradingHussle

TheTradingHussle

In my last analysis on ETH I stated that if price action could print a daily close above the bear market trendline and resistance area (red zone) that it would increase the probability for higher prices to come for ETH in the near future. Eth failed to do so and has faced yet another rejection from the bear market trendline (dotted line) and major resistance...

TheTradingHussle

Around a week ago I pointed out in my idea on SOL that if price could remain above the support levels pointed out that SOL could be heading higher in price due to breaking out of trendline resistance, retracing and testing the same trendline while remaining above the 50 SMA (red line) and support (red zone) that there stand a good possibility of SOL reaching the...

TheTradingHussle

Looking at BTC on the weekly time frame we can see that a death cross has appeared (50 SMA red line) crossing below (200 SMA purple line) which can be seen as a bearish indicator for many For me the death cross revealing itself is not too interesting but what is, is 'where' the death cross has decided to play out, which is at the August high 25k resistance zone....

TheTradingHussle

On the 28th of Jan I stated that VET has potentially bottomed as it had broken out of it's bear market trendline resistance and that it was probable that we would test the highs that VET made in Nov (black line) As of today VET has had a daily close above this level, if bulls can hold this level then it's probable that VET will attempt to test the highs it made...

TheTradingHussle

On the chart we can see that ETH is currently testing it's bear market trendline resistance, since topping out in NOV of 21 ETH has faced serious rejection from this same trendline on two different occasions and is now testing it for a third time. ETH is also currently at a major structure level (red zone) that ETH has reacted to multiple times in the past as...

TheTradingHussle

Here on the daily timeframe we can see that ADA has successfully broken out of it's downwards sloping trendline (major resistance). ADA tested this trendline resistance back in Jan and Apr 22 but was faced with serious rejection and also faced slight rejection from this same trendline around a week ago, so to see ADA breakout and get a daily close above this...

TheTradingHussle

BTC has now bounced from the support zone pointed out in my last idea (red zone) and is also above it's 9 SMA on the daily timeframe which is a bullish sign. BTC has also broken through resistance (green zone) which could now play out as support. If BTC can manage to get past and close above 25000 (August high) then the next target would be 30000 as a true...

TheTradingHussle Updated 

Looking at Solana on the daily timeframe we can see a clear breakout from the sloping trendline that has acted as a major resistance level looking back which is a good look for SOL to now be above it. Since then SOL has slightly pulled back to retest the sloping trendline (now support). I see a good chance of SOL heading higher in price if it can hold and stay...

TheTradingHussle

On the 5th Feb I noted that BTC had started to brake out of it's uptrend channel and that a daily close below this channel would increase the probability of prices eventually making it down to the red zone of support marked out on the chart (also November high) As of today BTC has made it down to the support zone and looks like it's in the process of entering...

TheTradingHussle

BTC on the 8h has been trading in a series of higher highs and higher lows forming an upward channel in the process, but at the time of writing BTC is currently breaking out of this channel to the downside. If BTC closes below the channel on the daily this increases the probability of lower prices to come for BTC There stands a possibility of this move being a...

TheTradingHussle

Since May 22 last year to present date LINK has been trading in a range of consolidation (red zone) which ranges between the price zone of around $5.4 to $9.4 During this phase of consolidation LINK has managed to breakout of its trendline resistance that it attempted to breakout of three times in the past and was rejected from, first attempt being in Nov 21. If...

TheTradingHussle

Since topping out in Apr 21 Vet has been in a bear market witnessing a major decline in price. But since the start of the new year Vet, like many other cryptos have witnessed a rally in price. This rally has resulted in a breakout of a major trendline resistance that has rejected the price of Vet multiple times in the past. Vet is above both the 9, 21 and 50 ma...

TheTradingHussle

Since peaking in Nov 21 Solana has been in a strong downtrend forming a downward channel on the daily timeframe, and after increasing over 200% in price since Dec 22 Solana is now currently testing an important resistance which is the top of the trendline channel that price has respected since Apr 22. This structure level also acted as support back in May, June...

TheTradingHussle

Axie has been in a bear market since peaking in Nov 21 and is now currently testing the bear market trendline that has been a major resistance level for sometime now. My idea is with many cryptos rallying in price its highly probable that Axie can breakout of the downward trendline its currently up against. If a breakout does occur there is a strong possibility...

TheTradingHussle Updated 

The Xrp token has witnessed a nice run up from 30c to where it currently is now. At the time of writing Xrp seems to be getting rejected from the downward sloping trendline acting as resistance that can be seen on the chart that Xrp has respected on multiple occasions in the past starting from Oct 22. If Xrp fails to break out of this sloping trendline then this...

TheTradingHussle

Bitcoin has now closed below the trendline on the daily resulting in a higher probability of more downside and possibly test of $15,500 (Green line) A close back above the trendline for me would invalidate this price prediction, but for now with Bitcoin trading below the trendline I expect further downside. We will have to see what Bitcoin decides to do if it...