ETHUSD UPDATEMarket is currently testing a key structure support level, we are waiting to see how market reacts to this zone at the moment we are rejecting, price needs to stay above this zone else we could see a much deeper correction to around $1400 again we are waiting for correct confirmations before dropping to lower timeframes and looking for a valid entry here.
CRPTOCURRENCY
1inch/BTC also ready to perform reversal soon? One more post for 1inch/BTC pair.
For 1inch/USDT pair, you can go to my profile and find below:
"1INCH 4hr chart waiting for breakout? + Project review"
For 1inch/BTC pair, seems it may perform a bullish reversal soon?
- Key support level 0.00007000 Sats (highlighted by yellow box )
- Dropped more than 60% for this correction
- MACD almost turn to green candle.
- Using Fib Retracement (1.618), 1inch/BTC pair may go to 0.00022937 Sats next round?
This is not financial advice. Just my point of view.
You're welcome to leave your comment if you want further discussion.
Cardano Consolidating Poised For A Big Move To Fresh New High*Update* Currently Cardano Consolidating Poised For A Big Move To Fresh New Highs.
Cardano hit our 33% Gain price target on 26/02/21, going beyond this target and surpassing to a new ATH , currently we still above the previous target and although retracing shortly after the new ATH $1.48 ADA is still currently 33% above last weeks close as we enter the new month. We are still bullish setting our EOY Target for ADA at $9.
Looking on the other side, a reversal from this price level is merely impossible and would mean the current price sinking down -127.2% but a possible touch at the 100% Fib retracement could be in play but I believe the bulls are very much still in control.
Key Buy Zone highlighted between 23.6% and 50% Fib retracement levels (Buy Zone 1). Use the buy zone to map out your entry for buys. Mid term Price target at 127.20% Fibs $1.66 and the Fib extension level of 161.80% @ $1.88. These price targets are all in play for the coming month with a possible gain between 55% to 75% from Buy Zone 1 at the 38.20% Fib retracement level of $1.08.
Overall very bullish outlook on ADAD with a long-term price target of $9 EOY.
A further retracement to Buy Zone 1 is expected looking at the 13 EMA as this could possibly touch price levels just above the 50 SMA before we continue on this bullish impulsive uptrend as further profit taking is expected at these current levels. Note the bulls are still in the market with such strong fundamentals and positive news expected around the ADA hard fork on 01 /03/21 with the development of Mary and note possible Ethereum killer. Happy Sunday Traders lets have another great month ahead of us!!
ALGO this is a profitable coin!Reason why Algo is good investment. It's giving a 6% interest rate of what you invest one of the highest interest rate.
XTZ also give you a interest rate of 4.6% which started before Algo and hit to $5.60 per share. ALGO will surpass XTZ quickly as XTZ is currently only $3.60
Target over $5 dollars in the long term.
Follow for more analysis.
Vet Update 13 Ema about to cross up 50 SMA Buy ConfirmationVechain's price soared to a new ATH on 12/02/21 reaching $0.606 on the Binance exchange. Following the new ATH there was a small retracement before trying to push past the resistance set at ATH , but this failed to break on 19/02/21 and was met with huge selling pressure at these price levels, retracing down further, quite sharply after 4 days on 23/02/21 touching the 50 SMA on the daily chart with a low of $ 0.0341. The downward pressure was met with a sharp bounce on the 50 SMA recovering in a day 24/02/21 back to the 38.20% Fib retracement level showing strong signs of Bulls still in the market. As of the past 3 days the price has been consolidating between a small range between the 38.20% Fibonacci retracement levels and 23.60%. Further to note the price on 2 occasions has tested to break below the 50 SMA failing twice signalling strong bullish pressure and signs of the Bulls to continue driving the current price to test the ATH yet again whilst also setting the sentiment of a possible new ATH at the 127.20% Fibonacci retracement level @ $0.0702.
Furthermore the 200 SMA has been tested at 3 occasions on the 4H Chart, failing to break past this level. Vechain is in a perfect zone for Buys back towards the ATH . Stochastics on the Daily chart signal an extremely oversold market so expect Vet to push back 55% back to ATH levels and Further 74% to 127.20% Fibonacci with the potential to set a new ATH in the coming days to weeks in March.
The Fundamentals are great for this project and we are very bullish and can see EOY price target between $2 to $5. Buy Zone 1 @ 23.60% Fibonacci retracement level for the perfect sniper entry. Be patient, wait for confirmation before entering any buy. Happy Trading :)
Polkadot Buy Signal from Script triggered Ema crossover SMA Polkadot (Dot) Buy opportunity! Potential 68%+ Gain to set a New ATH of $50 at the 161.8% Fibonacci Level. Dot's price soared to a high of $42 on 20/02/21. Since setting this new ATH , it has lost some momentum, retracing down to a low of $26 on the 23/02/21 after such an impulsive move, but currently it is still trading 45% above this low 4days ago on the 23/02/21.
The fundamental outlook for Dot in the long-term is great and still very much bullish , its total Market Cap is at $33.7 billion and currently ranked 6th biggest digital currency in the world after Bitcoin , Ethereum , Cardano, Binance Coin and Tether. Over the coming month we expect Dot to retest the previous ATH of $50 at the 161.8% Fibonacci extension .
Note this may not be a straight forward push, but a bullish momentum powered by 3 push phases. Use the Buy Zone area to map your entries, Zone 1 at the 23.6% level and Zone 2 at 61.8% Golden ratio. Overall, there is a high probability that Dot's price will break out higher (68% Gain from current price levels) as the bulls target the next resistance at $50.
The Parabolic Channel (Bitcoin)This is a follow up idea to my previous TA and prediction of 185000 cycle top for this bull run .
In my last TA i go over how 185000 Bitcoin could possibly be the cycle top and today I found two potential different paths leading towards that target.
White Trend Line
The first path is this white trendline, you can see on the chart we have created this very strong support line since October 2020 , if Bitcoin does continue on the trendline we could see a cycle top much sooner than we think.
Cycle Top
July 20th- August 15th 2021
Yellow Curved Trendline
Cycle Top
November 15th - 1st December 2021
But by far the most important find for me has to be this parabolic channel, its a very interesting channel which shows when Bitcoin enters its final phase before the cycle top, the average percentage increase when entering the channel is 169%.
If Bitcoin price increases 169% when entering this parabolic channel that would put a cycle peak at a potential 182000 to 185000.
Polygon (Matic) Buy Opportunity! Potential 50+ % Gain Polygon (Matic) Buy Opportunity! Potential 50+ % Gain. Great Performance throughout the past month from Matic, this cryptocurrency is showing very strong continuation bullish momentum with HH and LL in a bullish range. Buy zone 0.618 Fib retracement level @ 0.1507. Matic seems to have found some resistance short-term at the 0.50 Fibs, wait for price action, further confirmation from Stochastics showing oversold market before entering any Buys.
Bitcoin domination - altcoins in danger?Many were waiting for the head and shoulders to be worked out - but this did not happen
Altseason is canceled for now, as there is a possibility that dominance will go up.
Be careful those who like to trade altcoins.
Maybe I'm wrong - but I'm looking forward to a big drop in bitcoin, and better places to buy alcoins in the medium term.
We'll see.
We're broke the descending resistance and heading upwards. Bearish for altcoins. It is better to just stay away from altcoins and not enter anything this week. Target is 65.5-68%.
This Channel is not financial advise, It's My opinion and My observation: @opptrade
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XRPUSD - Symmetrical triangle breakout.Right here is the symmetrical triangle. We can see price moving in between the two trendlines.
Therefore I expect price to either break the resistance trendline upward to $0.64327 or break the support trendline downward to 0.41000.
Either way, I expect price to go long.
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BTC TO BOTTOM @ $26K AREA (BIG POP AFTER THAT)I predicted this in early january. DO NOT PANIC!! It was simply time for a nice washout and we are almost done with it. Remember BTC went up 11x (1100% ROI) since Covid in March. So yes, it was time for a nice pullback. This was not only due but EXTREMELY NECESSARY if we're to then go on and make new higher highs.
If this level is respected I expect a very SWIFT BOUNCE THERE & $50,000 COULD BE HERE WELL WITHIN A MONTH OF THAT $26K BOUNCE!
XRP LONG SETUPXRP has a beautiful M formation from a weekly perspective, we are also at extremely strong weekly demand at this zone we saw price push up over 300%, we also have a inverted head and shoulders forming on the daily timeframe, but what we need to see first is a daily close back above resistance then we can drop down timeframes and look for valid entry for the completion of the weekly M formation.