The past 2 years Anyone who's been following me for a while knows I have been and continue to be quite bullish on AAVE. My first large buy this cycle having been around $55 in 2022, with additional buys on the way up at $70 and $100. COINBASE:AAVEUSD has been carving out higher highs and higher lows for the good part of 2 years now. Then in July we got a nice...
The past month I recently decided to move all of my chart analysis posts from X over to TradingView, so I'm going to be picking up here where I left off over there. The last time I posted about COINBASE:BTCUSD I was watching the long term cup and handle pattern and how price was reacting to the upper resistance area of the handle. For the most part, price had...
I'm liking the cleanliness of the 2011 - 2024 cup and handle. I am going to be a little unconventional here by going with a % target rather than $ target, which means I'm looking for a nearly 100% increase from the top of the cup ($2050) which gives a target of around $4100. It could certainly go higher depending on geopolitical issues, global finance issue,...
I'll start with the weekly RSI bullish divergence off the 2022 and 2023 yearly lows. In addition to that, there is also a nice bullish pinbar on the 4M chart. This also hints to a possible bottom/bullish reversal. Price is now pushing against the trendline resistance (from Mar 23' to Jul 24'). Once price is able to break and hold this area it could really...
LINK looks to have failed a 3rd attempt to breakout, locking in a very large bearish engulfing pattern on the weekly. If this pattern follows through I'll be looking in the $2.70-3 range as a major support.
While ETHUSD isn't looking the hottest right now, ETHBTC is looking pretty good. ETH was able to put in a bullish inside bar/ pin bar vs BTC on the weekly. For this setup to remain valid price needs to stay above the low of the pin bar but optimally I'd like to see it stay within the channel. Target would be the upper end of the channel if the setup plays out.
Looks rare! Someone grab a crypto-ball quick! Looks bullish as well
I look at ETH from a few different timeframes (1D to 1W), analyze the drop and reversal that occurred this past week and then look at the big picture.
I take a look at the weekly and daily charts in AAVEUSD and point out a few bullish candlestick setups that have formed over the past few weeks.
ETHBTC has thrown a very bullish signal from trendline support today in the form of a large bullish hammer. I like this setup for a number of reason 1)the hammer that formed was large in size 2) price bullishly reversed from a key support level 3) there was almost no upper wick on the candle. I think the chances are very high that ETHBTC rallies into the...
After multiple days of bullish price action, price is now pushing against the neckline of an inverted H&S pattern that has a price target of around $250.
I think this chart is showing a very high possibility that alt season has begun. After getting pushed lower over the last few weeks due to Bitcoins dominance we are now seeing a clear shift. Alts have strongly reversed and have moved back above key support in a bullish reversal.
In this video I talk about a live trade I have had open since yesterday and my thought process with setting entry, stoploss and profit targets. I also cover hourly, daily and weekly candlestick analysis. This video builds on top of the analysis I posted yesterday.
In this video I look at about a dozen different crypto markets that currently have interesting price action.
This ratio of ratio's chart paints a pretty clear picture that ETHBTC's ratio compared to ETH's price in USD is at historic lows and is also sitting right on support. This could also means, compared historically, that the ratio flat on support and there is huge potential of ETH outperforming BTC if BTC and ETH continue to rally vs the dollar.
A bullish inside bar / pin bar pattern has formed. If price can break out strongly enough to retake the trendline it had broken out of a week ago that would be extremely bullish and could mark a long term bottom in ETHBTC. Giddyup!
ETHUSD has completed an bullish inside bar pattern on the 2 day and a bullish pin bar on the 4 day charts. If price is able to break out from here that could see price rally into the 240-280 level before reaching its next major resistance area.
LINKUSD has formed a bullish reversal pattern from key support increasing the chances that it heads up towards all time highs in the near future. LINK's relative strength versus BTC and ETH also makes it more likely that LINK will outperform the other 2 major cryptocurrency's in the near future.