Sei is also at an important level. Looking at the 8H chart price is trying to from support. Price is currently being supported by the 8H 200 ma, price has created an 8H doji the could signal a reversal to the upside, price is being supported by the 0.618 golden ratio around the psychological $0.50 level, and the RSI could be forming a slight bullish divergence if...
Quickly wanted to provide the important trendlines for PEPE. After the breakout to the upside we saw one successful retest that was outlined in this post: Also focus on our green trendline. It acted as a level of support for most of the uptrend, the price had a breakdown, retested it twice as new resistance, and we have seen price fall ever since. Now with...
Please Refer to our previous post: After we broke the previous high on the line chart we drew a yellow line at $202 and said long any retests of this line. On the altcoin flash crash, SOL perfectly retested our yellow line and is up almost 15% from the retest! Now we can see price has been squeezing in between a falling wedge pattern. Right now SOL is testing...
Here is an update to our last post: In our last post we were pointing out the importance of the 0.618 golden Fibonacci level. Today, we saw price wick down once more too it and buyers stepped in big time. As you can see, a massive wick formed after touching the 0.618 and continuation to the upside looks likely.
Looking at PEPE's weekly RSI price could be gearing up for another massive leg to the upside. Taking a look at the weekly RSI we are watching for a bounce from the 70 level (green arrows). If strength can bounce off of overbought conditions, we could see a "euphoria" leg for PEPE.
Here is an update to our last post. After more market structure has developed, XRP looks to be positioning itself well. The pattern we outlined has recently broke to the upside. After testing the 0.236 as sell pressure, price revisited our white trendline and it looks like we flipped that level into new support. If we can start seeing 4H candles close above...
Xrp is gearing up for another big move! Right now the move looks more likely to the downside than the upside, but I want to provide you with both scenarios. First the downside scenario. Looking at the 12H chart we are fighting to reclaim the 21 MA (pink MA). If price cannot reclaim this level then that will be a sign of resistance and we will fall lower. Price...
Just wanted to briefly show this trendline as ETH is currently battling it. This is a lower time frame pattern (1H) so may not be as significant, but if we see a selloff begin from here it could lead to one more massive drop. The reason why is this trendline supported us all the way up during our last rally to EUROTLX:4K , the price broke below it, flipped it...
Please refer to our previous post. After calling the rising wedge pattern DOGE did breakdown. Now price has rebounded and we are currently testing our green line again. However, at the current point in time we cannot confirm that that liquidation hunt was the bottom. There are a few warning signs that have developed that are crucial to watch over the next few...
This is an update to our last post. In our last post we pointed out how PEPE was preparing for a break of the bull flag. Price broke out and came back down to retest the trendline. So far price has successfully flipped that old level of resistance into a new level of support!
It's funny how people say it's is impossible to time the market. I disagree and the data proves it! Check this out... 2020 cycle/ Date: September 5, 2020 The pivot low to begin the next leg of the bull market starts 2024 Cycle/ Date: September 6, 2024 The pivot low to begin the next leg of the bull market starts 2020 Cycle/ Date: November 2, 2020 Final dip...
There are eerie similarities to the 2020 election cycle that I would like to point out. So far not only has BTC respected the 4 year cycle theory, but has so far almost identically followed the 2020 Market structure on the weekly. First, we have the breakout of a major pattern. 2020 was the 1,000 day triangle from our 2017 ATH. 2024 was the breakout of our 8...
Looking at our last post, we identified SEI broke down and retested its triangle as new resistance. Since that retest SEI dropped 28% to the pivotal $0.50 level. The technical breakdown target was $0.44 but since we saw so much liquidity get absorbed at $0.50 that might've been the low. One of the other things I'm watching for is for SEI to continue to close...
After sending out our warning in our last post, BTC had a 7% drop today. Not too brutal for BTC but it sure did flush out altcoins. Just wanted to make a quick post highlighting our upwards sloping trendline on the 4H. Even with the massive wick to the downside the candle body is still holding support! Very important trendline to continue to watch.
Looking back at our previous post, Viaquant just nailed another prediction! Was waiting for CRYPTOCAP:WIF to enter our "ideal buying zone" and we came within $0.06 of that prediction. We were expecting a drop to $2.40-$2.50 and on this flash crash today WIF found a low at $2.56.
Looking at our previous post we were identifying the red box as a key level of liquidity for BONK. It was a previous level of old resistance flipped into a new level of support. We just had a flash crash today across the board for alts so how did this affect BONK? Well actually it might've given bonk the liquidity need to start its next leg! See we did...
From our last post identifying some key secret Fibonacci levels, we have validated them with this recent move down. After a second rejection from the 0.618 ETH fell almost 15% to test the 0.5. very important to keep our eyes on these levels.
From our last post we were predicting a perfect retest of our old resistance flipped into a new level of support at $0.83. We were predicting a rally to around $1.40 in the "expansion phase" to test the 0.618 of our last mini cycle. Whales must be watching our posts, because that is where whales (and Viaquant) decided to cashout their JUP positions. Thanks...