I see a potential descending triangle breakout on STORJ, which could take it to the top for around a +50% gain. I say "could" rally 50% because we are in very uncertain economic times and anything could happen... but when you take all the noise away and just look at the price action, this looks decent for a long.
this seems like a good risk/reward short opportunity. stoploss above the range. Buy support, sell resistance. Not financial advice, do your own research. BTC can always rip to valhalla and this could moon nuking the short play.
RSR has been very resilient during this recent bear market, holding this rising uptrend line on daily timeframe, and bounced 8 times!! Eight times its held this rising support and bounced every time !! Now the 9th time is looks like a possible breach on lower timeframe (too small to see on HTF), but with the history of this bouncing i need more confirmation to...
BEL is a low mcap altcoin thats pumped pretty intensely before. This thing has consolidated for about 2 weeks, and formed a descending triangle, and now is starting to break to the upside. We can see a huge volume spike on lower timeframe to support it. Should be a pretty good move if it follows thru and BTC doesnt dump. Anything can happen tho, break outs can...
matic poking its head above this ascending triangle pattern, still a little early to call it a breakout, as it could turn into a wick and reverse back down, but so far looks good for a breakout. could run up to larger downtrend line around 0.57 range
Optimism $OP coin looks to be poking its head out of its descending triangle pattern and moving up for a breakout. Still early, and btc could shit the bed, etc, etc, so anything could happen. DYOR, this is not financial advice.
ENS (Ethereum Naming Service) has been making NFT Headlines lately, something other than "PFP" (ProFile Picture) NFT's.. u own/register an ETH domain name and it can be traded as an NFT.. Recently "000.eth" sold for 300 ETH on opensea. All of this is through the ENS coin /ecosystem. So this coin is for the ENS ecosystem, and looks like a sym triangle breakout...
atom breached daily resistance, then reversed back below just now. This is a good entry for a short, with stoploss back above. This is not shorting the bottom, or chasing, but positioning for a reversal back to the lows, and if it doesnt work out we can cut losses quickly. Do your own research, this is not financial advice.
BLZ is at upper resistance as well as top of a rising channel. I like the risk/reward, of course if BTC pumps could break this to upside further. Will set stoploss above range. DYOR, this is not financial advice.
BLZ was pumping when rest of market down, BTC/NDQ/SPX all down. I tried to short this as close as possible to resistance. Not Financial Advice, do your own research. Stop loss above breakout area.
Finally got a 4h candle close below 8-day MA.. looks tired. energy and volume drying up. Has a Rising Wedge pattern which is bearish. These low-cap altcoins are easily pumped tho, so tight stop-loss is needed incase im wrong and this has a last ditch pump up.
wow Could you imagine... if bitcoin went down to $5000 ??!! It seems so crazy because we are used to these current prices as the norm, but i see a rising trendline dating back 5 years that could support a strong bounce at $5,000 if things got bad enough. If the global economy enters into a recession, and markets get bad enough, anything is possible so its...
$Rune has been showing huge volume and huge strength lately. On the weekly timeframe we can see an RSI "breakout" of a descending trendline, as well as strong candles in the price action. Upside resistance might show up at $14~ or so which is the downtrend line, then the measured move could take us to around $75. I dont expect to break out of this setup in the...
I see a potential bullish pattern forming in AVAX, an inverse head and shoulders. The measured move would put this around $210 or so and would be a huge massive pattern spanning several months, giving it a high chance of a large movement. This could always fail and invalidate (the last analysis on avax did), so be prepared especially given market volatility with...
$AVAX crypto (Avalanche) is putting in a bullish inverse head and shoulders pattern, which if confirmed could take it to the $170 area. It can always invalidate and reject from the neckline, so nothing is 'confirmed' yet, but its looking promising so far. From a fundament standpoint, I've seen metrics that show a very strong and growing userbase, ecosystem, as...
Near protocol has been very bullish lately, and I see a potential inverted head and shoulders pattern on the daily chart. Its also near its ATH, so a break above will trigger price discovery. The measured move of the Inverted head and shoulders would take it to around $18, which interesting there is a wick up to $18 that u can see on the chart (looks like...
GALA had a huge massive runup from .10 to .70, a 7x gain in a short amount of time, so its looking like it may have topped out for now. Its Galaverse conference is over, and typically we see a "buy the rumor, sell the news" event in these cases. GALA is under its 8-day and 21-day moving average on daily timeframe, with 8-day below the 21-day. It tried to...
I see a potential Head and Shoulders pattern on the 4h of eth, which could take it down to 3000. Just an idea, nothing is guaranteed, this could always reverse course and invalidate. Do your own research, this is not financial advice.