evasivesteering

evasivesteering

USDT's Market cap has increased since November 2021, the start of bear market. A big amount of USDT has been sideline for a longtime. However, the trend is changing because USDT market cap has just broken the longterm trendline. The MA 200D support is about to be broken as well. It's hard to confirm with certainty that this is a turning point. But people are...

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Hi all, BTC prices have been ranging between $16000 and $18000 since november 2022. This ranging lasts longer than I expected. The break of $16K didn't happen as mentionned in my previous posts on BTC. On the contrary, prices seems to reach the upper side of this range, i.e $18000. This week will be very important, in my opinion, with the following events: ...

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DYDX has bounced from the weekly support. However, it is showing the weakness at the local trendline resistance (in blue). Moreover, when looking at its 1W TF chart (see screenshot below), prices had lost the wickless weekly trenline (the lower one of the descending channel). This one has become a resistance (seconde one, along with the blue trendline on 1D...

evasivesteering Updated 

Hi all, As previously mentionned in the short-term analysis for TRX (cf link below), I would like to share my mid-term view on this crypto. In 2D TF, we can see that selling pressure is increasing: MFI values broke and were rejected by its long-term trendline The same phenomena are confirmed with OBV In lower TF (1H), the selling signal is triggered as...

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Hi all, OP is breaking its trendline starting from mid july 2022. Volume indicator MFI has already broken down. This means that the downway is being reinforced. As a reference setup, SL would be above the EMA 50D and the final target would be the weekly support. Cheers!

evasivesteering Updated 

Last time, DYDX trade had reached the 100% target (see link below in Related Ideas). Since then, DYDX has continued to decline and its prices are back to the weekly support area. One reason was that the hype on DEXs didn't last long (after the fall of the CEX FTX). We can see that it's still soon for CEXs to get a sustained attention from long-term investors. In...

evasivesteering Updated 

Hi everyone, First of all, with this post, I'll not try to predict the ultimate bottom of BTC in this cycle because none can do this. The proposed model as seen in chart is just one of some possible scenarios that I'll consider for my future trades. I would like to name it the "Elliptical Distribution". Indeed, it seems that the BTC's prices have been moving...

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Hi every one, As in my previous analyses, the downway continues with BTC after FED and BCE annoncements this week. I think that we're all prepared for this, somehow. I would like to update with a short-term analysis for BTC until the end of this year. As we can see in chart (1D TF), BTC prices are breaking its local ascending channel (in blue). In my opinion,...

evasivesteering Updated 

BTC seems to be at a short consolidation as it's was in the periods 'Dec 21-Jan 22' and 'May-June 2022'. The common points of these consolidations is that sharp falls happened just before: Omicro Covid/Fed warning in December 2021, Luna crash in May 2022 and recently FTX collapse in November 2022. Since a year, we've had huge sell-off of BTC and cryptos almost...

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QNT has been risen quite fast since touching the demand area on 14th November. It's just broken the descending channel with a good volumed candlestick (in 4H TF). RSI had also broken the trendline. On-chain indicators (on Glassnode) have shown the number of new buyers increased quite fast to catch the dip (on 14th November). The total adresses jump 12% since...

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In 4H TF, XMR broke the trendline with a big drop of ~ 10% on . Now it is consolidating right below this trendline. It's expected that the drop will resume because in higer TF (2D), the volume indicator MFI has just broken its trendline. This means that selling pressure continue to increase. For this HTF view, please see the below screen-shot:

evasivesteering

TRX has been struggling to hold the current support around $0.05. However, in LTH the sign of selling pressure can be seen now. In 1H TF, prices already broke the ascending channel. Retest may happen but the down side will continue, probably. A referenced Short set-up is as in chart with TPs (in blue) and SL (in red). On 2D TF, one can see better the down trend...

evasivesteering Updated 

Hi all, My global view for BTC in mid-term does not change, as explained in my previous analyses (see links in below). After the fall of FTX, BTC still holds the $15500-$16000 local support. However, this support level would be broken soon due to some new signs of weakness. MFI values are breaking its trendlines since mid June this year. This is a quite...

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DYDX is decentralized exchange's crypto, a promising one. It was in a descending channel and touched the ATL in mid June. After making a 170% recovery, it continued to go down to be close to the previous ATL. In my opinion, now it is a good opportunity to buy DYDX for both mid term (a few months) and long term investment. For the longterm hold, I'll post another...

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It seems that BTC was in a long re-distribution phase and the break-down was triggered by FTX news. Yesterday, BTC was pulled back with good CPI news but the context of crypto market is still very bad. Where will be the prices the next days?

evasivesteering Updated 

BTC prices are at the trendline support however the volume indicators MFI and OBV have already broken their trendlines to go lower. It seems that it would not be easy for BTC to hold the current trendline.

evasivesteering Updated 

BNX is a GameFi crypto. It has been moving in an ascending channel since April 2022. However, the trading volume has continuouly decreased. Today, it is breaking out and going back to demand area (grey zone), likely. We can observe that the money flow is out, with MFI and OBV indicators: buyers are vanishing. With the bad news of macros, I expect that BNX...

evasivesteering Updated 

Hi everyone, AR could not break the resistance around $16.15 and failed to hold the previous support around $14.3. Retest of the latter level is on going but in my opinion the rejection would be confirmed. If that, we can have a setup as in chart. Cheers! PS: FTX and CPI news this week, so we need to pay attention on our trades.