Hi all, In my opinion, FTT prices will go down quite fast because of the following indicators: Fundamental news: CZ started to sell FTT and this triggered a fall of FTX and its crypto; Investors/FTX's users are loosing their trust. Technical Analysis: Both MFI and CMF broke the trendlines. The proposed TPs and SLs are in chart. All the best!
Hi all, Like some other cryptos (AR, LRC or MASK), BAND had pumped very hard. Now, it is retracing with possibility to come back to where the pump started. Indeed, the previous support was lost. Retest of this level is likely before that prices continue to fall. In my opinion, we can short from here upto $2.56 or wait for rejection to enter (safer). All the...
Hi all, In my opinion, BTC is moving in an ascending channel. It's likely that BTC will go to $20500 for liquidity grabs. This area is closed to the crossing point of the Fib 0.786 level and the lower trendline of the the channel. If BTC prices hold at this level, I suppose that it would have a leg up to see the upper trendline of the channel (around $22500...
Many altcoins have pumped these days. In my opinion, "dino" LTC is also ready to pump: The longterm-trendline was broken OBV broke its trendline indicating that buy pressure increases CMF switched from negative to positive area, confirm the buyers' interest MFI is about to break its long-term trendline.
Hi all, DOGE has been moving in a falling wedge. It seems to be at the end of the retracement soon because the selling volume continously declines. In my opinion, we can expect a bounce at demand area (cf chart) if prices has a chance to arrive at this zone. A referenced setup is in chart with TPs (blue lines) and SL (red line). All the best!
Hello all, AR among the alts pumping very hard yesterday. After being in a falling wedge, it seems to be at the end of correction and ready to break-out and do another leg up. Here is what I'm thinking: Entry when the wedge is broken out Invalidation when the wedge is broken down If long, referenced TPs are in chart We need to pay attention to the...
Hi all, QNT has had a correction of 30% after a rally of 150% starting from September. The prices are now at an interesting level: Strong support EMA 50D Strong demand area As seen in chart, there are two possibilities A and B. In my opinion, if BTC and the market don't fall sharply (because of FTX issue or macros for e.g), QNT has a good chance to...
Hi every one, PYR had broken the trendline and is now at a good position to buy. Indeed, prices are at demand area. As the results, one would go for a Long with good R:R = 2.67 Have a nice sunday!
The Graph (GRT) is an open-source, decentralized indexing protocol for blockchain data. It is designed to allow queries on the Ethereum network. The Graph network also allows developers to construct/use various APIs known as subgraphs for separate queries. The prices have been consolidating since mid May in a range and almost static, lately. However, as seen in...
BAND is among the leading alts these days. It broke the descending wedge and now the retest is on going. If retest is successful, in my opinion, we could have a setup as in chart.
BNB broke out its trendline. At the same time, the prices are quite close to the weekly trendline support (shown in chart). OBV and CMF also broke its trenline which support bulls in short-term. What we need is the break-out of MFI to trigger a (short-term) rally. It is possible that BNB will retest the trenlines but in my opinion BNB would go 50% up in...
MASK has been pumping three times in just a few days. What are the reasons? When will it takes a pause? I cannot answer the first question. I'm interested if someone can give some information. For the second on, in my opinion, the last pump may be coming (before a correction). As in chart, we'll see successive classic bullish pennant consolidations.
BTC is moving in a bullish ascending triangle. However, it can break out or break down with equal probability, in my opinion. It'll depend on FOMC meetings this week (on the 1st and the 2nd November). I hope that this brief analysis could help a little bit. Have a nice new week and be careful with FED news.
ETH has been moving in a descending channel since the beginning of this bear market (november 2021). It seems to follow BTC with some delay because BTC had broken this channel almost a month ago. Today, ETH is at a crutial point: The 4th time touching the upper trendline of the channel. Will it be rejected or be successful to break-out this channel? It is...
As in my previous analysis in the end of September (see the link below), I pointed out that AVAX would need to go $15 prices for liquidity grab. It was the case and now AVAX is moving up with good momentum. The prices are now above the strong resistance, EMA 50D with supporting volume indicators: MFI breaks its trendline (leading indicators) OBV is about...
Monero, created in 2014, offers a decentralized and anonymous transaction system. Operating in Proof of Work, Monero was a fork of BTC. The promise of the Monero blockchain is to provide an untraceable means of transaction and to guarantee user privacy. Prices broke the bullish flag with supporting volume indicators: MFI broke its trendline (accumulation in...
Elon Musk bought Tweeter and every one is fomo on DOGE. Will DOGE be a crypto of Tweeter? The answer is unknown today but every one is guessing and fomo. DOGE is right below a strong resistance (formed by a trendline and supply area) but it is likely that the break-out is immiment. In this case, DOGE would make 50% more in a few weeks.
I think that it is possible to reactive ADA short. The details for ADA's analysis are in my previous post (see link below). ADA retested the previous support (now a resistance) and fails. So we we can have a set-up with good R:R, as in chart.