In my last analysis I expected it would hold the 1.04 support area and consolidate from that point for a potential upswing. However, we seen it broke down to lower levels which made the previous support a resistance area and a potential support area forming around the 0.86 level. Do consider 1INCH is a new token, so you are very limited TA-wise. At the very...
With Coinbase out of the picture what are we going to see next? It's highly likely we'll see Binance USA taking measures as well considering like Coinbase, they are bound to US regulations. Whether they will delist it for their US branch only or their complete exchange remains to be seen. Either way, on the daily we're officially in a bear territory and it's quite...
We're seeing a bullflag forming on the 4H chart with all moving averages consolidating inside the flag. This feels like a buildup is forming and it is likely that we see an upswing if it breaks the 13.00 resistance area. Trade safely.
The rare toilet pattern has formed on the XRPUSDT chart. Beware taking any long positions.
This is an update from my previous TA, see link below. Looks like 1INCH is consolidating and building up for a run. If it holds the support we might see it follow the 20MA in an uptrend and you can consider a long position. If it breaks below, it may test the support area and breakdown even further. Trade safely.
It is strongly testing and retesting the 0.28 support and it's highly likely we'll see further downward movement to 0.22 and even lower if any major exchanges decide to delist this token. This is a risky short, so make sure to set your stop loss accordingly. By now you probably already know XRP has been under fire by the SEC which caused it to drop from its...
It seems like a cup and handle pattern has formed on the daily which suggest a continuation pattern upwards. We've already seen an increase of volume on the most recent candle, but it's likely it will retrace to the support area. In that case that would be a nice long entry for further upward continuation. Trade safely.
At first glance we see a bull flag forming on the hourly, but we'll need to see if it holds the 50MA support. If it breaks, we might see a pullback to the 0.66 - 0.63 support area and you might want to consider a short position. If it holds the 0.83 - 0.85 support area, you might want to consider a long position for further upward movement. Do not forget to set a...
Like most of the altcoins, we saw them breaking down right before Christmas during the BTC bullrun. We're currently seeing BTC.D (BTC Dominance) slowly retracing which could possibly mean that we're slowly heading to a potential alt season. However, it is still early to say for sure and we need to wait until BTC consolidates. In the case of LINK we saw it push...
Like all new tokens we see a strong upswing followed by a declining downward movement. (Also see $GRT recently). Even though we see a falling wedge on the hourly which suggests a bullish movement, the token is currently in discovery mode and exploring its actual value. I suggest to wait until it consolidates and finds support before taking any positions.