Doge is in the process of finishing another accumulation phase before the next leg to the upside. You can clearly see this is the case as moving averages on important timeframes have been heavily defended. Here is what to watch on the higher timeframes. - Holding 200 MA on the 3D - Holding 100 MA on the weekly (price just had a perfect railroad track off this...
On the monthly timeframe, FET looks like a fantastic buy. Our key level of old resistance (red box) got flipped into a level of new support (green box). On top of that FET created a doji candle to close out the month. This could signal the downtrend for FET is on the monthly is over and that a new uptrend can begin.
A few key signs of strength are starting to appear in the short term as of Sep 2, 2024. We will continue to monitor these developments. -Bullish engulfing candle on the daily timeframe -3D doji printing -Weekly railroad tracks forming
Here is a link to our previous chart: This will be the last chart for tonight but very important. Last week we saw Solana breakout of this triangle, successfully retest it as support and have another leg to the upside. But with the weakness in BTC and ETH, Sol fell back below the trendline invalidating the pattern and thus falling into the $120 demand zone...
Here is a link to our previous post: We were expecting ETH to outperform Solana with the ETF and other factors for the cycle, but no things might be looking to take a turn. If Solana can take advantage of the weakness of ETH at the current moment then it could break out of this supply zone and start increasing at a faster rate than ETH.
Here is a link to our previous chart: It is amazing to see the accuracy of this chart. We are still in our white symmetrical triangle. This resistance has again caused the ETH/BTC pair to get rejected an additional 3 times leading to a breakdown. Once our support at 0.049 was broken it caused a collapse to test our lower white band of support. Now that the...
Ethereum has had a massive collapse today as Jump crypto faces some sort of issues. This has lead to over a 20% decline in a single day, but has also lead us to the most important level of price action for ETH to hold (especially with candle bodies on HTF). This zone ranges between $2,000-$2,150 with about $2,100 being the key level of interest. Here are some...
We have seen a bloodbath across all markets as recession fears begin to grow bigger. But we trade on data and not emotions and so far this is looking like a buying opportunity more than anything else. Of course this can change depending if we get some sort of black Monday tomorrow and break out of this pattern, but at the current moment BTC is still holding its...
Over the past week we have seen a massive amount of fear regarding a "global recession looming", but at the same time the levels price is interacting with is something we have predicted for a while now. About a month and a half ago we pointed out a giant CME gap had formed around the $57k level and price would most likely come to fill that gap before resuming...
Just wanted to lay out the bearish scenario. The bullish scenario remains in tact. As soon as BTC closes a 3D candle above $71.3k the should be the signal for new all time highs and the continuation of the bull market. Refer to this post for that analysis: But because this has not happened yet there is still room for downside. This would also coincide with a...
Our previous analysis has played out as predicted: We were expecting a retest of our trendline to flip that old resistance into new support and so far it seems to be playing out. Due to the ETFs it is still important to stay cautious. So although this looks like a great long position if we care to close back below the trendline it is better to get out of the...
Recently, we have seen a breakout of our triangle we have been monitoring. Prior analysis can be found here: Things look great for solana, but it is possible we see one more retest around the $160 level to confirm the old resistance of the triangle being flipped into new support. This is also because our RSI at the bottom is showing us at overbought conditions...
Btc seems to be stalling out at the 70 on our RSI on multiple timeframes. This has created some slight bearish divergences that could send prices back down to retest support levels. The overall trend is still very bullish so any pullbacks could be great buying opportunities.
We are observing potential signs of an additional 10%+ move tomorrow for XRP. After our move from the low of $0.38 to the breakout of our orange triangle and continuation of the move to $0.63, we did see XRP pull back from $0.63 to $0.54. So far this was an excellent test as price briefly went down to $0.54 to test our blue 200 MA on the daily and instantly shot...
Her is an update to our previous post identifying ETH's W pattern Breakout: As expected price broke above, flipped the neckline into next support and has reached our price target from this pattern. Whenever price has its next rally to the upside we are expecting a retest of our key trendline that has been identified as early as this post:
It looks like Bonk has continued to create beautiful market structure on the daily timeframe. We see what looks like and ascending triangle forming (example on bottom right). This is also in confluence with: -RSI Bottom (yellow line/ green arrows) -Hidden Bullish Divergence (higher highs in price, same low on RSI)
We are also seeing DOGE paint the necessary signals in the chart to give investors confidence of a bull market on the higher timeframes. Therefore we have the weekly chart (left) and the monthly chart (right). On the weekly chart: - Perfect test of the red 100 MA (Where the bottom was formed) - A close above our blue 200 MA would flip that back into support....
This one is hard to base solely on the charts just because Ocean Protocol (OCEAN), SingularityNet (AGIX), and Fetch.Ai just merged into Artificial Superintelligence Alliance (ASI). These aim to be leaders in the AI space and combining could show amazing strength. Therefore, based on FET's chart it looks like a great accumulation range here's why: -Holding weekly...