evasivesteering

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Biggest tech companies are falling and having impact to all markets. After leading the mini rally of this week, now ETH is at good position for a short.

evasivesteering Updated 

UNFI did not succeed to go up as in the previous analysis. In fact, when looking at the price action from May, one can see that the trendline was broken and retested. Now the prices are rejected by the trendline and continue to the downside. MFI broke, retested its ascending trendline and then was rejected. This implies that the flow of money is out. The...

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BNX has been moving in an ascending channel. Today, it seems to breakout and go back to demand area (grey zone). We can observe that the money flow is out with MFI and OBV indicators: buyers are vanishing.

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VET prices is now close to the ATL and just touched the demand area. CMF is increasing and about to cross zero from negative values. This means that buy pressure is coming back. Fundamental news also supports the prices to go up: VeChain is expanding in Europe by recruiting more than 100 developers. Let's be patient and wait for VET to take off.

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EGLD is among the top 50 biggest cryptos, using "Sharding" protocol for rapide validation of transaction at a lower cost. Yesterday, it broke its trendline, starting from mid May, with good confluence of volume indicators. Breaking volume is two time bigger than the average. OBV broke its trendline and reverses. MFI broke also its trendline and...

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SUSHI broke the trendline and retested it (in 2D TF). Now it seems to steadily go up despite the fluctuation of BTC. Volume indicators are also positive: MFI and OBV broke also their trendlines.

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ETH has fallen after the Merge. We can see that the bearish flag was broken down, in 1D TF. RSI's trendline was also broken which increases the probability that prices will continue the down direction. In 1W TF, the previous support (now becoming the new resistance) was lost. Logicaly, ETH would revisit the currect support where I put the final target for this...

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ATOM is the best large cap crypto which outperformed almost other ones since mid June. However, the hype was not maintained, as with other cryptos in this bear market. In 2D TF, the prices had broken the ascending channel and already lost 10% from the breaking point. Volume indicators MFI and OBV had also broken their trendlines. Moreover, CMF crossed "0" with...

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ADA has been struggling to hold the long-term support (since 2018) at around $0.4. However, it can be seen that a bearish flag is formed. In 2D TF, the flag was broken down. Volume indicators propose that prices will continue to go down. It can be also seen that the 2018 support was broken with medium volume. If market sentiment is not good the next days,...

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APE was a highly volatile crypto. My previous experience with APE told me that it is not an easy crypto to trade. The hype was no longer with APE and it is slowly going down. In 2D TF, we can see that a H&S pattern was formed. The prices broke the neckline and so did the RSI. The proposed TPs (blue) and SL (red) are depicted in chart. The final target (if...

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Filecoin is a decentralized storage network. Its goal is to transform cloud storage into an algorithmic market ("distributed cloud network"), entirely governed by its users. Their idea is that miners can rent their unused storage and receive FIL, Filcoin's native cryptocurrency, in return. After doing a pullback of 100% in just some days at the end of July, FIL...

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AXS is one of the first and the biggest play-to-earn cryptos. Will it come back to where it'd started its rally last year to made x30 times in just a few months? AXS is loosing its long-term weekly trendline. Although we will need some days to confirm this break-down but we can short AXS here because in 2D TF, AXS's already broken the local trendline....

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Hi all, MATIC has been moving in a bearish flag, in 2D TF. It seems that MATIC will break down soon. MFI touched the resitance and was rejected. When it breaks the lower support, we expect a sell off. CMF value is negative, i.e selling pressure increases. These indicator say that buyers are the less and less interested in MATIC. Cheers!

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Hi all, I have been trying to find a scenario that would answer to the question spinning in my head. Let me explain it. BTC lost the "Weekly trendline 1" and I suppose that the prices need to touch the next lower one, the "Weekly Trendline 0", at some time. This has not happened yet. My question is "how and when"? I'm still thinking that we are in...

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UNFI is an Ethereum token. The goal of this DeFi project is to offer companies of all sizes an access to DeFi solution allowing simple cross-chain trades with smart contracts, fast and at low transaction costs. At this moment, UNFI's price action is interesting. Prices touched the demand zone and has bounced MFI (Money Flow Index) is at a break-out point....

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Loopring (LRC) is a L2 blockchain built on Ethereum. It is a protocol to facilitate the construction of Decentralized Exchanges (DEXs). Prices broke the longterm weekly trendline and was rejected after retesting it. A proposed short setup with R:R = 2 is in chart. To see better the price action, here below is a bigger view (on 1W TF)

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HNT, a web3, is of the most performative cryptos recently having recovered 50% in 3 weeks since mid September. Actually, it was just a pullback because HNT had suffered a sell off with 85% of loss since April 2022. It's not suprised that the prices were rejected (again) by the EMA 50D. On 4H TF, HNT broke its shorterm trendlines (so did the RSI). It is likely...

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RLC is an Ethereum token (web3 crypto) of IExec, specialized in cloud computing. In the roadmap of the company, they intend to announce "RLC Learn & Earn" program in 2023. Will it be a new hype after "Play & Earn" with AXS, "Run & Earn" with (STEPN) GMT? Let wait until then... But at the moment, RLC seems to make a big move the next days. RLC's prices have been...