BINANCE:XTZUSDT On a daily time frame, XTZ is almost completing it's swing low and it's finding sell-stops (support) at the current price levels $7.62. It looks like that a market structure break for optimal longs or the area of reasonable buying is between Current Price Levels to $6.906. If, we find the price in the area of reasoanable buying and price...
BINANCE:ATOMUSDT At the time of writing this ATOM/USDT pair was trading at $34.8. Yesterday (Sep 13), the price wicked $39.11 which is a strong resistance level and made an ATH of $38.69. ATH levels always have a mark on their head and automatically become a distribution zone i.e. highly succeptible to a correction. Possible support levels at current price...
BINANCE:DOTUSDT At the time of writing this DOT/USDT pair was trading at $36.62. It can be seen that DOT has been moving up within a channel and everytime the price drops below the channel support it tries to regain it. At present, the price is trading at the support of channel. DOT will find strong monthly resistance at $38.07 level and it would require a...
BINANCE:RAYUSDT On a 4-hour chart Ray is currently trading at an important weekly support level of $13.57, it is being accumulated at this level and the price is likely to breakout the immediate resistance levels R1 - $14.50 R2 - $15.58 R3 - $16.28 If you were planning to accumulate RAY this is the time. Please provide your feedback in the comment...
BINANCE:AVAXUSDT Recently, AVAX has a made a beautiful parabolic move. After reaching an ATH of $64, it receded along with the entire market. At the time of writing this AVAX/USDT was exchaging hands at $53.47. We anticipate that the price will find resistance at: R1 - $58.87 R2 - $64.64 If the current momentum is broken and the price treads below the median...
BINANCE:IDEXUSDT IDEX/USDT pair is trading within a valley and currenty it is going through an accumulation phase. While writing this the price was trading around 0.51800. Upper moves will find resistance at 0.52522, 0.54331 and 0.58508 Eventual bottom wicks will find support at 0.48580 and 0.44506. If the momentum persists we anticipate IDEX to surpass its...
Harmony (ONE) has made a parablic move and a retracement at this point in time looks evident. Price action suggests that based on Monthly, Weekly and Daily move up and down (high/low) levels the price will find support at the following levels: S1 - 0.16048 S2 - 0.15240 S3 - 0.13817 ONE/USDT pair is also moving in a valley and it is expected that price will...
Currently BTC/USDT pair is depicting a similar pattern which was observed during Apr-May correction. The pair was trading in a channel before it failed to retest the channel resistance (red lines). Currently, there are two (2) scenarios that can play out, but both of them are indicating towards a downside. Scenario 1 BTC/USDT can make a move up from current levels...
Bitcoin Dominance is Increasing. This statement is echoing in the crypto space now. But what is it and is the Alt Season Over? Bitcoin Dominance is the relative market capitalization, i.e. comparing the total supply of circulating tokens multiplied by the current price against the price of fifteen cryptocurrencies. What is Alt Season? If 75% of the Top 50 coins...
BINANCE:BTCUSDT on a daily candle wicked past the monthly level today but was immediately rejected. Current Price= $39,167 There are two possible scenarios: 1. If the candle fails to close above the monthly level i.e.$39,231 there is immediate weekly support at $38,215 followed by daily supports at $37,650 and $34,600. If, it fails to hold the daily supports...
Legend White = Monthly Levels Purple = Weekly Levels Red = Daily Levels From the current point, BTC is expected to test Monthly levels at $31,100 which is the strongest support in this whole BTC story. If, the price breaks this support daily support line at $30,083 will not be able to hold the front and we will slide to $28,220 which is weekly support. In my...
BTC has dropped from it's valley. From this level we have monthly level as an immediate support. Generally, monthly levels are strong and not broken in a day. So it make take some time but $29,000 at this point looks imminent. I did this analysis on 1st June and updated the members of our premium group Crypto Swordfish. Stay tuned for further analysis!!!
BTC/USDT Price needs to stay above 40,958 (200-MA) to reach the next distribution target of 46,507. If it stays below the 200-MA level then we might see a pullback to 36,137 which is a strong accumulation zone. Trading Idea Crypto Swordfish team will open a 10% checking position when the price closes above the 200-MA with a distribution target of 46,507. We will...