BTC is showing very heavy resistance from multiple indicators and trendlines. The bottom may be in, but since this is the first back test of a S/R flip, that would mean a correction to retest support before moving up is most likely. Bearish Confluences: 20 EMA on weekly Weekly RSI downtrend 100 Day MA Bearish daily candle closes High volume at...
The TOTAL crypto market cap chart is showing very heavy resistance from multiple indicators and trendlines. The bottom may be in for crypto, but since this is the first back test of a S/R flip, that would mean a correction to retest support before moving up is most likely. Bearish Confluences: 1 year long diagonal trendline 24 EMA on Weekly Weekly RSI...
Proton XPR is currently forming a bullish Inverse Head & Shoulders pattern on the higher timeframes. If it can complete the right shoulder, the technical price target would be $0.013, which is also a key area of resistance. However it has been trending in a Falling Channel, and will also need to breakout before reaching the target. This will of course depend on...
Oasis ROSE has broken out of a Rising Wedge on the larger TFs, but is currently finding support at the 200 Daily SMA and the 0.618 Fib level. ROSE has failed multiple retests of resistance and things are looking precarious. Fortunately there is a lot of support below between the previous ATH and 0.786 Fib level. ROSE has also failed a retest in the RSI, which...
BTC at the moment is in a Rising Channel, and when mapped out with Fibs, it does chart out very well. Currently we are seeing resistance off the 0.786 Fib level, after bouncing off the bottom. If we don't break resistance here, it's possible we return to the bottom of the channel.
XRP is currently forming a very large and bearish Descending Triangle pattern on many timeframes. This is not surprising given how poorly the coin has performed since 2020. It's likely we are looking at a BTC rally which XRP should follow, and if XRP cannot summon the strength, it will most likely hit resistance at the top of the triangle. If the pattern plays...
BTC is currently at a crossroads, running on very low volume and sitting relatively quiet, while the market suffers from extreme fear. Many are calling out the H&S pattern pointing to a target of $14,000. While this is certainly possible, there is a very bullish side to BTC we have to consider. On the Monthly chart, it's quite obvious BTC is in an Ascending...
ROSE is currently hitting resistance after its strong rally to $0.54, and it's not certain whether it will break through or see a rejection. It is facing the tail end of a hidden bearish div in the daily RSI spanning months, but also on the hourly timeframe inside a descending triangle. ATM, it is getting rejected off the bottom of the triangle, things do no look...
ROSE bounced nicely off the upward sloping trendline at about $0.24, and made a gradual healthy climb up to $0.45, where it has met resistance at the previous ATH. Currently ROSE is beginning to form a bullish ascending triangle and possibly gearing up for its next move up. If ROSE can break up from the triangle, it will meet critical resistance at the top of the...
While the entire crypto market suffered a huge blow due to the BTC crash, ROSE has maintained a very unique and bullish structure, despite the astonishing yet not surprising -63% drop. ROSE had a quick wick down to $0.17, but since then recovered very nicely. For support, ROSE's most significant level of support is the steep diagonal trendline that started back...
ADA is currently trading in a large bearish descending triangle. If it breaks down, the technical price target is about $0.70. It's possible this is the bearish version of BTC's falling wedge pattern (which it broke out of). I would remain extra cautious in you are an ADA hodler, as Cardano seems to be collapsing. It's still possible it breaks to the upside,...
ROSE is setting up to form an Inverted Head and Shoulders pattern, which may play out if BTC looks positive. The technical price target for this pattern is $0.35. If BTC begins to look bad, alts like ROSE will suffer, possibly sending ROSE to about $0.22 at the bottom of a potential symmetrical triangle.
ROSE fell down -41% after being rejected at the low $0.40s, while the crypto and stock market suffered FUD from Omicron. The drop however is far from the -62% it had in it's previous large correction. This may indicate a more macro bullish trend for ROSE as it looks to go $1.00 and beyond. ROSE is sitting on the cusp of its support along an upward trendline with...
Bitcoin may be very close to reaching the bottom, if not there already, as we have a ton of support below and we are near the bottom of the RSI on the daily. Below we have the 120 Daily SMA, 100 Daily MA, upward trendline, and the previous high of $53,000. This is a huge nest of support which should hold barring any anomalous factors.
$ROSE failed to break out of it's previous Cup & Handle pattern formation, and is now continuing to draw a bullish pennant / bull flag. It is currently trading at the lower end of the pennant, so breakout looks uncertain, but most likely it will continue to the end of the pennant before breaking up. Overall, $ROSE looks bullish. It is holding the 0.382 FIB level,...
$ROSE crypto is forming a small cup and handle on the 1 hour timeframe. Breakout looks imminent, with a price target of $0.55.
Bitcoin is currently at a very important level. We are on the 50 Daily MA, above the huge support set by previous highs in the year, then on the 0.382 Fib level. We could be looking at a crab walk across this strong support, leading to an eventual boom, or we could get another leg down to around $54,000. Here we'd meet the 100 Daily MA, which we clung to for dear...
Bitcoin is currently at a very important level. We are on the 50 Daily MA, above the huge support set by previous highs in the year, then on the 0.382 Fib level. We could be looking at a crab walk across this strong support, leading to an eventual boom, or we could get another leg down to around $54,000. Here we'd meet the 100 Daily MA, which we clung to for dear...