LINUKSDVery bullish on link longterm from a investing perspective, also from a trading perspective market recently hit all time highs breaking above resistance with a bullish impulse, after the impulse we saw a nice correction to the 0.382 fibonacci, now we are expecting to see the continuation to the upside and market to form a new higher high from a daily perspective so another ATH. We also have bullish structure newly formed on the 4hr this setup is ready.
Alltimehigh
Ethereum Falling After Failing To Beat All Time HighIn my previous posts about Ethereum I argued that in case the ATH gets beaten, we might see a sharp increase in the price of ETH in the near future. Sadly, the first target, which was the ATH, seemed too strong to breach at this point in time. The ATH resistance held strong for a second time now.
Currently, it's looking like the price is moving down gradually towards the lower trend line of the channel. In case Bitcoin stays relatively calm, we might see another sharp bounce from ETH towards the ATH. In case we fall through the support, I don't see ETH reaching the $1450 area again anytime soon.
Happy trading!
Ethereum to Btc Trying to Break Out to Newer Highs!!As you can see Ethereum has been trying to break to the upside for a while now. From my last post we broke out of the channel and we got the retest where the Green Circle is and we bounced right off it perfectly! Right now we are having some trouble to break into newer highs as we have tested the 0.038 level multiple times. I do see us breaking this to the upside very soon and when we do we can see Ethereum have a really nice move! This is just the start for Ethereum, as I really do believe we will definitely reach All Time Highs on the Eth/Btc Chart!!
Link Approaching Price Discovery Points to consider,
Observing LINKUSDT, a clear bullish expansion is present on the Daily time-frame where price action of current is in price discovery. Taking out the current swing high will greatly increase the probability of further upside momentum, epically with the current volume profile increasing.
The initial Daily S/R had been respected with a strong bullish volatility expansion that followed suit after a confirmed S/R Flip Retest. This was the tail sign of strength in price action as a volume influx was present. Strong volume influxes are key in determining the strength of price action, evidently being the case.
Price action reaming and respecting current Local S/R zone with multiple candle closes will signpost stored momentum for a bullish bias. This will show that price has been accepted at these higher levels where buyers are willing to step in. A local top will only be probable once there is a valid volume climax, this has not occurred as of yet.
Bitcoin Setting Up For The Biggest Move!! 50k+ Incoming ?!?!!!Bitcoin has been consolidating around these areas for a couple days now, but seems like bitcoin is setting up for a crazy move VERY SOON! As you can see with the photo above, you can see Bitcoin looks very similar to the pattern which is the same exact thing Bitcoin did in the 2017 Bull Run which is showing that we can see 1 more dip to the downside before having its next major rally to newer All Time Highs!!!
As you can see here this is Bitcoin in 2017 during the major bull run. Bitcoin has been consolidating for a while as it was cooling down, taking out the weak hands before having a major rally and hitting 19k 2017 high.
Lets see how this plays out! Will we repeat 2017!?
ETH may be starting its catch up runEthereum usually follows the movements of Bitcoin. However, in the last 18 days, Bitcoin has had a massive run while Ethereum has stayed proportionally behind. BTC has gone 75% over is previous ATH while ETH remains 45% under its ATH. Suppose we are about to see a catch up run like in 2017. The gold denominated resistances are 20grs and 33grs. At current prices that is $1,220 and $2,013 respectively.
A run for the 2,000 dollars area could take the ETHBTC pair above the channel it's been for two years.
The idea of using resistances denominated in dollars-per-grams-of-gold is to account for the depreciation of the dollar.
Stonks Make New Highs!! What's Next??As you all are undoubtedly aware, stocks made new highs yesterday. They met resistance exactly at 3856, the level we called out for weeks. Finally they inched past this level to 3867, where they are currently facing resistance. Almost certainly they will break out higher. They could range to feel out this new price territory first, however, so don't get too excited. The S&P is at highs, so jumping into a long trade would definitely be FOMO. It is certainly possible that we could retrace to 3825. The Kovach OBV is very strong, so we are in buy on dip mode. Nested Fibonacci levels give us a price target of 3887, and then 3935.
HTG - High Growth potential - Bullish Chart!Nice looking chart. Moving on strong volume. HTG is Still a relatively small market cap which could easily grow earnings quickly, particularly if the CV environment persists. Expecting continuation of bullish trend.
Key technicals - Breakout of wedge and all time high which likely acts as strong support moving forward.
Key Fundamentals - Leading Remote IT technology company focusing on the bullish resources sector. Will grow strongly for the forseeable (CV)+ moving into US and Europe markets is planned.
Failure Is Not An Option in 2021 BTC/USDT #Bitcoin $BTC #cryptoHere we see our Bitcoin daily chart from Binance . You will notice a blue line that shows where our previous All Time High was from 2017 near 19800 . Will Btc repeat it's performance from last time and rise almost 18 times up ? Why 18x ? Well back in early 2017 when Bitcoin revisited it's previous All Time High from 2014 near 1100 that ended up rising about 18 times up to 19800 at end of 2017 . We just revisited that 19800 high in December 2020 and we've blown past it . If we went 18x from there , where would that take us at end of 2021 ? Well 18 times 19800 is 354600 ! Could that even be possible ?? I don't know . We could be seeing diminishing returns here as Bitcoin matures but even 10x up from our previous All Time High would take us near 200k . And that would be excellent too ,if it happened. Let's see where this goes . See attached idea regarding Bitcoin's last Ath.
ALPHA/USDT Following A Bullish Channel: New All Time High?ALPHA is following this channel since it's inception back in October. With price action picking up, I'm sure we will see more things coming from this coin.
For now, I've marked the first resistance, R1, at the all-time-high. The second resistance R2, is placed at the strong resistance of $1.
Happy trading!
Bulls need to hold ATH levelEth stormed into new all time high territory yesterday. To ensure that we stay bullish in this alt season the bulls should retain ATH level as support. If we see a resumption of the support line today this is very bullish and means we would enter price discovery territory.
$2000 Ethereum (ETH) By Early February? Price Discovery PhaseEthereum is getting really juicy and with much reason. These are very exciting times for Ethereum. As the cryptocurrency market matures many people are realizing Ethereum is not only essential, but a vital part of the entire cryptocurrency ecosystem, especially in Decentralized Finance (DeFi).
We've broken through a major milestone and resistance area since great 2018 boom surpassing trading in the $1300 -$1380 zone. We have an ascending channel developing on the 4 hour for the past week. If this channel and momentum holds we will be at the great psychological number of $2000 by early February or sooner. Of course I say this in a "perfect" case scenario.
We are on the starting line for a new price discovery for Ethereum this week. If the trend doesn't hold we fall back down to previous support levels.
Please understand and take caution that we are also in oversold territory for Ethereum.
Support Area: $1225
Resistance Area: Price Discovery
Cheers everybody! Much peace and love. Happy trading and Investing.
JUBILANT LIFE SCIENCES : PHARMA STOCK BUY : UNCHARTED TERRITORYThe stock is forming higher high and higher bottoms in longer time frame charts, which shows that
stock is in upside trajectory. The stock has given a breakout from it's previous big resistance and is sustaining those
levels as well. Keep stop loss of 870 and buy for medium term (i.e. for 8-10 months) targets of 1150 (17%) and 1250 (27%).
**ideas are my own** invest as per your risk taking ability**
ETH contending with ATH; break-out imminent if it holdsEthereum has finally made it back to its previous all-time high. If it contends with this level and holds above it for at least 2 to 3 trading days, I could see ETH going to 2,000.
No matter what the financial vehicle, more often than not whatever it is will struggle with its previous all-time high before breaking through it.
Bitcoin - New Dimensions 🌌Usually, we are consciously keeping a back-door open in our analyses, which always feature alternative scenarios, in case of surprises. Not for Bitcoin . Here, we are in a whole new dimension, as there is only one direction for Bitcoin’s price development, namely: UP! We correctly predicted the turnaround in the yellow box, and we are now heading towards new all-time highs way beyond $41969. Forget the trains, airplanes, and rockets… we’re sitting in a space ship with this one, folks!
Happy trading! 🛸
XLM/USDT Bullish Triangle Break OutXLM is on the verge of breaking out of the bullish triangle. With all large caps seeing strong momentum, this could only be the start for XLM.
I've marked two areas of potential resistance on the chart, R1 and R2. For now, these areas are our main targets for the current trade.
Happy trading!
Ethereum's New All-Time-High On The Horizon: Bullish TriangleFor quite some time I've been very bullish on ETH, with good reason. The biog caps are in for a wild ride after it seems that Bitcoin has reached its top recently.
In my other ETH posts I kept the targets relatively close since I was unsure if the alt-coins would gain more momentum. It seems they are doing exactly that.
Since we both broke the upper resistance of the bullish triangle and formed a new local high since years, I see ETH/USDT gaining more momentum. The next major resistance will be at $1450, the all-time-high. I'm quite confident we will reach it either today or tomorrow. After the ATH is reached, it all depends on price action. If we manage to blast through the resistance with a lot a volume and a big candle, we could potentially reach $1700 within a day or two. I've selected $1700 since it's based on today's the second pivot point.
Happy trading and best of luck!