It looks like the Stochastic RSI is demonstrating that Bitcoin is leaving the "over bought" territory and moving back towards a healthy range for DCA back into a suitable position. I'm still waiting for the RSI to dip towards the lower "over sold" territory to make entry.
Bitcoin is doing exactly what it's supposed to. From here we should find support and keep moving in a positive direction towards new ATH.
Bitcoin looks to have found initial support at $60k. It is my analysis that BTC will likely find support here and continue in it's trend along to ascending channel to over $70k in the coming weeks. Trade at your own risk. Bitcoin could fall to $55k before finding support and continuing the trend, so be careful.
As you can see, polygon/matic seems to be following the support trend corridor and cooling off at the moment for accumulation and consolidation before making the next push.
Previous ATH support lines shown at $64,300 with support corridor showing a low of $64k with tremendous support. Great buying opportunity if you ask me!
As mentioned in previous chart, Bitcoin is likely to find support around $62k, but a lower test could be potentially possible in the short term as Bitcoin has fallen out of the trading corridor, just to return to it. I personally believe this is a buy opportunity. Trade at your own risk.
The last time Bitcoin tested this support line was around October 22nd. Now we'll see if it will find support above and truly BOOM to new ATH trajectories, or fall back down to spend more time gaining strength for the longer road ahead to $120k. What do you think is Bitcoin's trajectory this month?
As you can see, Matic/Polygon has been consolidating within this bullish corridor and continuing to set higher lows along the trend line (as depicted). I believe that we will likely find support at this level $1.82 and should begin our journey towards additional bull market profits, with the short term goal of $2.70 as a target (previous ATH). Long term, this coin...
I don't know about you, but to me it looks as if BTC has finally found an ascending channel. Based on the trend lines, it appears to have tested the lower support and found it, to advance further from there. Is this the beginning of a big BULL breakout?
Shiba Inu could be printing what looks to be a bull flag. If so expect a markup of about 30% possible. This is not financial advice.
After the recent meteoric rise of Shiba Inu (which is still just beginning by the way), many are already looking deeper into the Meme Coin and Dog Coin space to find additional smaller cap opportunities. Kuma Inu is picking up support and volume and I believe it will retest local support (as depicted) before moving up to the next target point, consolidating, then...
MATIC / POLYGON is an absolutely fantastic project that has a ton of growth and longevity. During the year's earlier run up, MATIC reached an ATH (all time high) of $2.70 which will be tested again soon after this key level of support is tested. If you can remember, during the last run up, MATIC continued sky high even as BTC and the major market was correcting,...
As you can see on the daily charts BTC is currently oversold as it has found support and relief around the $58k-$59k range. Apparently, investors wanted to get a little more DIGITAL PLATINUM for less than $60k before continuing on. Pull backs will continue to occur periodically as the real Bull run finally commences.
I don't know if ALGO will hold within this corridor or not, but I do know that ALGO is just getting started and is showing a ton of support signs. Currently, ALGO looks like it's forming a bullish pennant on the daily charts.
After a long drop from $52 to $13 a few months ago, LINK's recovery is finally looking promising as it begins to ascend within the upward channel. Expect LINK to have micro pull-backs as it marks up, but I believe we can expect it to mark up in the short term and over the next coming months. This is not trading advice and yes I do HODL Link. Please do not risk...
On the daily charts I noticed that it appears that SNX could be forming one of the largest bull flags I've ever seen. This is not trading advice, but I'm personally long on SNX since it has yet to mark up and return to it's ATH this cycle leaving plenty of potential for gains. It's very possible that it could consolidate to gain momentum for a little longer, but...
On the 4 hour time scale you can see that STORJ is very perfectly bouncing off of the support lines that have been established by previous trends. I believe that this is a great buying opportunity at it is 15% off and looks like it's ready to begin recovery and markup in the coming days and weeks. This is not investment advice and please trade at your own risk,...
This is not financial advice, but my fundamental analysis of this coin has shown that it truly has the gas to outlast and outperform DOGE coin's growth and use potential. With recent comments about Shib from Robinhood's CEO, many are left wondering which DEX will list SHIBA INU next, and whether or not SHIB will in fact become Robinhood's 8th Crypto holding...