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Multi TF Analysis: LTC-USDTFrom the past 7-8 weeks, LTC has been trading in a sideways trend with upper and lower bands at $230 and $160 respectively. After its recent high of $247, LTC took a dip and corrected by more than 30%. However, it started this week with a bang as it is already up by +15% on the weekly basis. On the daily TF, it formed a Double bottom kind of formation and seems it has completed the correction phase. On the higher side, the immediate resistance is placed in the range of $242-$245 , if bulls decisively break this hurdle, a fresh leg to the upside is most likely for the first target of $283 , followed by the next level of $305 . On the downside, the nearest support level is placed at $215 , if this level is breached the next support is available in the range of $201-$204 . MACD is also depicting a positive signal as it has started to re-enter in the positive territory, therefore, a breakout from the resistance can be expected once we get the decisive closing above $245, which will act as a confirmation to go LONG.
COINBASE:LTCUSDLong
by TradeDog-Research
EOS-USDT(Rising Channel Formation)EOS is a Smart Contract Infrastructure similar to Ethereum that allows developers to build decentralized apps (Dapps) on its platform. On Hourly Time Frame, EOSUSDT has been taking support at 20 and 50 DEMA and looks interesting to rally to new highs. Key Levels to watch out:- EOS has been trading in a Rising Channel Formation and is showing intent to move to new highs. The support to the lower side is present at ~$6.2 while it may give targets of ~$8.5 .
Long
by TradeDog-Research
1
VET-USDT(Symmetrical triangle Pattern)In the year 2021, VeChain has given mammoth returns of ~420% till date. VeChain, a blockchain-powered supply chain platform that aims to create an ecosystem that solves some of the major problems with supply chain management. Key Levels to watch out:- On the 4 Hourly Time Frame, VETUSDT has been trading in a Symmetrical Triangle Pattern and is currently trading near the upper trendline. The support to the lower side is placed at $0.0857 and if it manages to give a decent close above ~$0.096 , it will most probably reach the target of $0.12 .
Long
by TradeDog-Research
SIACOIN-USDT(Falling Wedge Breakout)Siacoin is the native utility token of Sia blockchain, a decentralized cloud storage platform. It acts as a trustless marketplace wherein users can lease access to their unused storage space. On 1 hr Time Frame, Siacon has been trading in a Falling Wedge formation. At the time of writing, it has given a breakout from the pattern and is also currently trading above its 20 and 50 HEMA. The support to the lower side is present at $0.017 while the resistance is present at $0.025 followed by $0.027 .
Long
by TradeDog-Research
TRX-USDT( Ascending Triangle)TRON is a distributed blockchain that enables developers to create smart contracts and decentralised applications, freely publish them, own and store data and other contents. On March 27, 2021, TRX has been trading in an Ascending Triangle . It is trading near the resistance, breakout from which may propel the bullish move to new highs . Key Levels to watch out for: If TRX manages to give closing above $0.0675 , it may ignite the rally to the levels of $0.077 followed by $0.087 . The support to the lower side is present at $0.058 .
Long
by TradeDog-Research
2
CRV-USDT(Trendline Breakout)With the Total Value Locked in DEX at record highs (~$17.5 Bn), Curve has reserved its second spot in the list with ~$4.5 Bn locked in its protocol. After hitting its recent low of $1.625, CRV has been forming higher highs and higher lows, which depicts that next upswing rally is on the cards. Key levels to watch out:- On the 4Hr TF, CRV has retracted back to 0.618 Fibonacci level and has given a decent bounce back depicting the move to be a Correction. It has given a breakout from its trendline resistance and is most likely to reach the level of $4.18 while the support is placed at $3 .
Long
by TradeDog-Research
ENJ-USDT(Falling Wedge Formation)With the NFT season looming, Enjin Network, a social gaming platform presents huge potential to rally to new highs fueled by the recent hype around NFT. On 4 Hr Time Frame, Enjin Coin has been trading in the Falling Wedge formation since March 15. It has given a decent breakout from the pattern and is currently trading above 20 and 50 EMA. The support to the lower side is present $2 and is most likely to give targets of $2.78 followed by $3 .
Long
by TradeDog-Research
ENJ-USDT(Falling Wedge Breakout)Enjin Network, a social gaming platform presents huge potential to rally to new highs fueled by the recent hype around NFT wherein Beeple’s NFT was sold for ~$69 Mn. ENJ Coin has been forming a Falling Wedge Formation. On 4 Hr Time Frame, Enjin Coin has been trading in the Flag formation since March 15. It has given a decent breakout from the pattern and is currently trading above 20 and 50 EMA . The support to the lower side is present $2.2 and is most likely to give targets of $2.78 followed by $3 .
Long
by TradeDog-Research
BAL-USDT(Descending Triangle breakout) Balancer is among the top 10 DeFi assets in terms of TVL on its protocol. Currently, $1.5 Bn is locked on its protocol. After hitting its All-Time High on Feb 12, it retraced back and was continuously taking support from the 20 DEMA. On March 6, it appreciated by ~17% and is currently indicating a continuation of the bullish trend. On 1 Hr Time Frame, It has given a Breakout from the trendline. The 20 Hourly EMA and the trendline support has given support to the Doji candlestick as indicated on the chart which depicts a Retest after the Breakout. Key Levels to watch out:- The supports to the lower side are present at $42 followed by $40 . The resistance to the higher side is present close to the All-Time High Level of $52 . If it manages to close above ATH, a further move to the levels of 1.272 Fib level placed at $63 can be expected.
Long
by TradeDog-Research
REEF-USDT(Consolidation Breakout)Reef Finance- a project built on Polkadot, that aims to be a multi-chain smart yield engine and liquidity aggregator was a portfolio product of the Binance Launchpool. On the Daily Time Frame, Reef has been taking support from the 20 and 50 DEMA, the trendline support is also present at the same levels suggesting the level of ~ $0.0373 to be a strong demand zone. Key Levels to watch out:- From the past 3 days, Reef has been forming an indecision candle on the 20-DEMA which is placed at $0.039 and at the time of writing, a strong bullish candle is in making. The trade favours a good risk to reward ratio with the immediate support placed at ~$0.036 and is most likely to continue its up move to $0.049 followed by $0.055 .
RLong
by TradeDog-Research
AVAX-USDT(Range Breakout)Avalanche aims to be the Internet of Finance. It is an open-source platform that allows it to deploy blockchains either public or private, launch smart contracts and create digital assets on its platform. On March 9, 2021, AVAX gained ~34% and since then, it is trading in that range. Currently, it has given a breakout from the range($24-$35) and is signaling strong strength to initiate a fresh bullish move to the upside. Key levels to look out:- The supports to the lower side are placed at ~$34.88 followed by ~$33.5 respectively. The resistance to the higher side are placed at $42.5 and $47 respectively.
Long
by TradeDog-Research
CRV-USDT(Ascending Triangle Breakout)Curve is a decentralized exchange that uses an automated market maker (AMM) to manage liquidity. With ~$4.18 Bn locked in its DEX, Curve Finance holds third rank among all the DEXs in terms of Total Value Locked. CRV has been trading in the Ascending Triangle since Feb 23. Key levels to watch out:- It is now standing on the verge of Breakout . If Curve is able to give a decisive breakout above $2.6 , it can trigger the rally to the levels of $3.15 followed by $3.5 . The supports to the lower side are present at $2.15 followed by $2.3 respectively.
Long
by TradeDog-Research
ADA-USDT(Ascending Triangle Breakout)ADA has again gained momentum after the news broke that the US-based exchange Coinbase Pro will list the asset on its exchange. ADA pumped by ~750% in the year 2021 to date and after forming an Inverted Hammer, it retraced back to 0.382% retracement level. After taking support on the 20 and 50 DEMA, it pumped up by ~20% yesterday signalling a breakout from the Ascending Triangle . Key Levels to watch out:- The supports to the lower side are present at $1.18 and $1.09 respectively. ADA after its breakout from the pattern is likely to achieve the first target of $1.40 followed by $1.55 .
Long
by TradeDog-Research
COTI-USDT(Symmetrical Triangle Breakout)COTI , A DAG-based protocol and infrastructure that is fast, private, low cost and can be optimized for real-time payments, it is reflecting the potential to zoom considerably as per its emerging price action. COTI has given a breakout from the Symmetrical Triangle and looks ready to sky to new highs. As per the 2 Hr Time Frame. COTI has been trading in a range since Feb 8, it gave a breakout on March 7, however, it has retraced back to the same trendline and has taken support from those levels. Key Levels to watch out:- As it has given a decisive breakout from the resistance levels(~$0.40), there is a high probability for the COTIUSDT pair to zoom to the first level of $0.48 followed by $0.58 . The supports to the lower side are present at $0.36 followed by $0.33 .
Long
by TradeDog-Research
1
BNB-USDTBinance has been the talk of the town and has served cumulative monthly trading volumes worth ~$690 billion in the month of February. Also, DeFi protocols on Binance smart chain are also gaining a lot of traction, which is pushing the BNB price higher. Binance has been trading in a Descending Channel and has given a fresh breakout from its channel resistance and is now confined in a tight range of $242.5 - $257 . Key Levels to watch out:- A breakout above the immediate resistance at $265 is most likely to trigger the prices higher to the first level of $295 followed by $330. The support to the lower side are present at $240 and $225 respectively.
Long
by TradeDog-Research
DOT-USDT(Symmetrical Triangle Breakout)Polkadot has zoomed ~360% in the year 2021. After hitting an All-Time High of $42.28 on Feb 20 has retraced back to 0.382 Fib level. It has taken support at 20 DEMA and it seems likely to resume its bullish rally. In the 1 Hr Time Frame, DOT has been trading in a Symmetrical Triangle for about the past 18 days. It has given a breakout from the pattern and is likely to resume its up move. Key Levels to watch out:- Thus, it is likely to achieve the first target of $42 followed by $46.5 . The supports to the lower side are placed at $36 followed by $33.5 .
Long
by TradeDog-Research
1
XTZ-USDT: Consolidation Breakout(1 Hr TF)In the Daily TimeFrame, Tezos is trading in an Ascending Channel formation with an upper band and the lower band placed at $5.1 and $2 respectively. In the Hourly Time Frame, Tezos has been in the accumulation phase and was trading in a range of $3.83 as the upper band and $3.22 as the lower band. XTZUSDT has given a Range Breakout and is currently trading above the range. Key Levels to Watch out:- The resistance to the higher levels is placed at $4.4 followed by $5.1 respectively. The supports to the lower side are placed at $3.5 and $3.2 respectively.
Long
by TradeDog-Research
5