BNB ANALYSIS: BNB is trending UPWARD, but failing to make higher highs. This is concerning and typically leans towards a incoming fall and a break of the trend. I expect this fake out to clear out some short positions before breaking down further. Im expecting T1 to be hit just before the trend line at $11.10. IF the trend does indeed break, look for T2 at...
ETH ANALYSIS: ETH has broken OUT of the falling wedge, but I expect this to be a fake out. The trend is still DOWN. Therefore, this pump was to shake out margin positions, and clear liquidity. I expect ETH to fall back to T1 ay 128.60, followed by T2 at 126.50, and T3 at 123.40. The drop back into the green box will initiate a double bottom, and even a possible...
XRP ANALYSIS: XRP has had a DEEP fall, and is expected to have a relief rally bounce back up to the resistance zone which now posted within the range of 2620-2690 sats. This zone is your short entry ideal zone. Wait for the price to bounce and stagger bids inside this zone. Long term outlook is the breakdown of XRP/BTC down to the low hanging support inside the...
DATA ANLYSIS: DATA has recently been on a free fall back towards support. There was a short term uptrend that was also broken. The trend was retested and rejected, now only hanging onto the 200MA. It is expected now that DATA breaks the 200MA and dips back to support near 85-115 sats. This is a great buy entry for long term targets of T1 at 177 and T2 at 192....
EOS ANALYSIS: EOS is facing major resistance at the 200MA after being rejection on a breakout and laying just underneath. The volume is dragging behind in a major way and bulls dont seem to want any action at the current price. ATR is nearing lows, but RSI remains at neutral state. Very likely EOS moves to the downward side pushing to T1 at 3625 sats, followed by...
LTC ANALYSIS: LTC saw an extremely bullish engulfing on the bottom at $25. This was a huge buying opportunity. I doubt we will have a second chance at that price. With that said, LTC is now overextending itself on the buy pressure. I expect a small retrace to fall into the right shoulder gap near the buy zone of $31-34. Recommend to stagger bids inside this zone...
ADA ANALYSIS: ADA is another coin on a relief rally currently hitting the hourly resistance. ADA is also inside a strong rising wedge. With the current set up, it IS possible of a break UP and OUT of the wedge, which would be bullish up to .04. More so, im expecting this wedge to break down and fall back to create a known support closer to .022. The short targets...
XRP ANALYSIS: XRP is also attempting a small hourly bearish engulfing. There is a slight divergence on the hourly RSI from previous bottom, but that does include that the new low is a bit higher. It seems sell pressure is still overtaking buyers. Another similarity following legacy markets. This causes a higher panic for buyers and a reason why they will wait to...
XTZ ANALYSIS: XTZ is pushing up on a strong upward channel. It is also closing in on the hourly resistance and seeing two red wicks pointing to a reversal of momentum. The volume has been semi-neutral, but ATR remains at lows. RSI topped out, and is looking to come back down to neutral territory. I expect a dump back to at least the bottom of channel at T1 of...
XRP ANALYSIS: XRP looks to be forming a rising wedge as it also coming to the hourly resistance block near .16 up to .1650. I am expecting a break down inside the hourly resistance. There may be a short lived pump out of the wedge into the resistance block, followed by a wick back down. Any stop loss should be above previous wick of .1650. Otherwise, look for...
TRX ANALYSIS: TRX is forming a small right shoulder at the moment as it re-tests the 200MA. This is a very critical point for TRX. Make or break, if you will. 200MA has been tested multiple times over and over and I expect it to be broken upon this try to hit T1 at 198 sats, T2 at 204 sats, and lastly T3 at 209 sats. This could be a fake out before another break...
XMR ANALYSIS: XMR setup looks very similar to many other major alts, and unfortunately the buy volume still isn’t there to keep the price afloat. XMR had a relief rally hitting over 40, but was then rejected again cutting below and making no temporary support along the way. I expect a slow push to the new resistance, followed by a rejection further down to major...
ETH ANALYSIS: ETH is currently attempting an hourly bearish engulfing. This is also in line with legacy markets looking for a strong dive down today. The relief run up to 130 was quickly turned back down and the buyers dont seem interested until another drop. I am expecting a drop back down to $101.20 at T1, followed by T2 at $96.40, and T3 at $87.87. I expect...
XMRBTC ANALYSIS: XMR has broken below the major moving averages and faces a small triangle. Typical triangles, such as the ones in this chart, can easily swing either way. Therefore, its best to wait for further confirmation. In this case, there is new resistance band at 200MA in the red box near 7100 sats. Its possible to see a quick wick up the resistance,...
XRP ANALYSIS: XRP broke thru the rising wedge and is now on the downward decline. This is prime time to short upon the confirm break of the triangle as shown here. Entry for the short is 2640 - 2690 sats. The main targets are a break of the 100MA and a hit towards T1 at 2609 sats, T2 at 2580 sats, T3 at 2540 sats. This would complete the next wave down and hit...
ETH ANALYSIS: ETH is pushing up on a relief rally after falling below $100. ETH is forming a strong C clamp formation that could end in another rapid decrease back into support near 100-110. Ideal entry is below 110 and recommend to stagger bids to the lower end as well. The double bottom inside the the green box will confirm a new support. I expect a bounce off...
MTL has struggled to break the 200SMA. As we can see, there have been 2 previous failed attempts directly at the 200SMA. We have broken back into the support zone which is known to inject a large buy volume. I expect another push to break through the 50MA and .618 FIB making a 3RD attempt at the 200SMA. Target 1 will be this 3rd hit at 3912 sats. This may form a...
WAVES WAVES has retraced back into a known buy in entry zone located at 1000 sats. One small green hammer wick hit almost 920 sats (under buy in) but was quickly eaten up by buyers. This is bullish. Not only that, Stoch has been sitting in oversold for days now as the accumulation at this level occurs. I expect WAVES to be at a great buy in zone. 50 is looking to...