KNCUSD Buy signal. Still room to rise inside this Rectangle.Kyber Network Crystal v2 / KNCUSD is posting a bullish fractal, common in the last 11 months.
The wide pattern is a Rectangle whose top has been hit on both prior bottom rallies.
Buy and target 0.96000.
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Cryptos
BONEUSD Don't rush on it yet. Buy in October, it's scripted!BONEUSD / Bone ShibaSwap is having a strong 2 day bullish streak and is near forming a 1day Death Cross.
We don't see this as a long term buy opportunity yet as not only is the price still under the Falling Resistance but hasn't yet hit the Rising Support of the long term Triangle.
In order to confirm the new bullish sequence, the price needs to cross over the Falling Resistance and typically close 1day over the 1day MA50.
Wait for a buy in the lower regions of the ellipse which can be timed after mid-October and target the top of the Triangle at 1.6000.
Using the sine waves you can see how consistent the timing of the tops are, it makes you even think that it's scripted.
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LOOMUSD: A scripted pump happened. Will it break the 2 year Res?LOOMUSD has seen in incredible rise during the last two weeks that just hit the LH trendline, basically the technical Resistance that is holding since November 2021. It is no surprise that the 1D timeframe is overbought but such parabolic rise turned even the 1W technicals overbought (RSI = 78.126, MACD = 0.007, ADX = 36.174). Keep in mind that this rise started after the token once again bottomed firmly on the S1 Zone, which has been the Bear Cycle's Support.
Our trading approach is simple. If LOOM closes a 1W candle over the LH trendline, it will be a technical long term bullish breakout. We will let the price then exhaust the rise and wait for a firm pullback to the 1D MA50, which will be the buy entry. Then our long term target for Q3 2024 will be near the ATH (TP = 0.24000).
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Crypto XRP/USDT (When moon?)
View On XRP/USDT (26 Sept 2023)
XRPUSD is in
* Neutral in short term (Intraweek)
* Neutral in Mid term (1 to 3 months)
* Slightly Bearish in Long term (3 months onward)
We may be in the early stage possible bullish trend for XRP.
Since it is not clear (or) too early, we can't be so sure about the bullishness.
The big stop huntting candle of 17 Aug seem to have formed the bottom.
I will be watching closely for a possible bullish mode.
It will become clearer if the price manage to clear above 0.5575
Let's see
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WEMIXUSD Bull Cycle still not confirmed.WEMIXUSD had the biggest 1W bullish candle last week in 2023 turning the 1W technical outlook bullish (RSI = 59.545, MACD = -0.041, ADX = 41.950) and the 1D RSI extremely overbought. A lot of traders will understandably rush to buy on this level especially since the price crossed over the 1W MA50, but that is not confirmed bullish region yet.
You can see that the 1W MA50 was crossed (and closed candle) on February 20th 2023 but still the price failed to sustain an uptrend and declined to the 0.5 Fibonacci level. Today the 1W RSI hit the 61.50 Resistance formed by the February top. Consequently we do not consider this breakout a reliable buy signal and instead we need to see the price crossing above the 1W MA100. If it does, we will turn into long term buyers on WEMIX, and will enter on the first 0.5 Fibonacci pullback from whatever the top price is.
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Long Privacy Coin Leader: Monero XMR, Follower Zcash ZECLazarus Group, an infamous hacking group of an unknown number of cyber criminals allegedly run by the government of North Korea, currently holds more than $47 million worth of crypto assets in their wallets. The blockchain analytics provider Dune Analytics, which gathers on-chain crypto data and makes it accessible to the blockchain community, revealed that stolen assets include Bitcoin, Ethereum, BNB, and Binance USD, among other stablecoins.
Still, the current amount of stolen funds has dropped by $39 million compared to the $86 million the Lazarus-linked wallets held on September 6. The figure was noticed a few days after the online gambling platform Stake became a victim of the group and lost $55 million in the incident.
coinmarketcap.com
ETHUSD Expect a huge rally to start soon.Ethereum / ETHUSD has entered the Rising Support Zone, which is the bottom Zone of the Ascending Triangle pattern started on the June 18th 2022 global bottom.
The Bullish Divergence on the 1day RSI (Rising Support) prompts to a Bottom pattern such as those on November 22nd 2022 and June 18th 2022.
This symmetry indicates that once the price crosses over the MA50 (1d) again, it will start a similar aggressive rally to the Ascending Triangle's top.
Buy now and target 2140 (Resistance A / pattern's top).
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LINKUSD: On the rise in the middle of this Channel.LINKUSD is trading inside the 0.5 - 0.618 Fibonacci range of the 18 month Channel Down pattern. The 1D technical outlook is slighly bullish (RSI = 58.592, MACD = 0.070, ADX = 30.217), which means that even though we are not at the start of this uptrend, there is still upside left.
The current rise was achieved after a Low on the 0.786 Fibonacci level. Inside this Channel, every time LINK held and rebounded on the 0.786 Fibonacci leve, it reached at least the 0.236 Fibonacci level. This indicates a sizeable upside profit to be made still. We are long, targeting the 0.236 Fibonacci level (TP = 8.12500).
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AAVEUSD In the middle of an aggressive rally. Still time to buy.AAVEUSD is testing the MA200 (1d) after a rebound on Support Zone (1).
If broken, this rally will most likely be extended to the Falling Resistance Zone, as the prior two did.
Trading Plan:
1. Buy either on a pull back to the MA50 (1d) or if the price crosses over the MA200 (1d) first.
Targets:
1. 83.000 (a little under the Falling Resistance Zone).
Tips:
1. The MACD (1d) reveals on what part of the previous rallies we are currently at. The symmetry is strong indicating that this is indeed a rally that has just started.
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GMXUSD 1day MA50 based trading strategy.GMXUSD almost hit the 1day MA50 two days ago and has so far turned sideways.
This inability to cross over this Resistance level that has been holding since early August, is technically a bearish signal.
As long as it holds, sell and target 30.150 (Support A).
If broken though, we can have a June 30th type break out to the 1day MA100. Consequently be ready to close the sell and open a buy targeting 42.000 (top of the Channel Down and possible contact with the 1day MA100).
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TONUSD: Buy a pullback near 1.700 and target above $3.TONUSD has had a strong bull run as of late, turning the 1D technical outlook green (RSI = 66.857, MACD = 0.238, ADX = 28.071). The consolidation of the past two days is a first indication that we might have reached a medium term peak. In fact it would appear that Toncoin is reproducing the July-September 2022 price action, which after a first peak, pulled back to below the 0.618 Fibonacci level before gradually rising again.
The 1D RSI Double Top is further proof to that. We estimate a pull back near 1.700 (Fib 0.618) to be followed by a new uptrend to the top of the long term Channel Up (TP = 3.200). During this sequence, the HL trendline should hold. Notice also how a MA50-100 Bullish Cross preceded both peaks.
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BNB - ☁️ Ahead; Bearish Momentum On 🐻Binance finds itself navigating through challenging conditions in the coming 24 hours. Clouds of uncertainty loom over this digital currency exchange giant, symbolized aptly by ☁️.
Strong bullish sun ☀️ shines over the global crypto market in the next 24 hours, indicating upside potential for other coins, such as BTC.
Over a one-week horizon, trading conditions will turn more mixed with Bitcoin, Litecoin, Uniswap, and Chainlink likely to continue to benefit from the sunny bullish trend ☀️, while other altcoins like Ether and XRP may face cloudier if not rainy bearish conditions, as ATTMO indicates. 🌧️📉
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BTC ☀️ 24 Hrs & 1-Week Horizon, BNB, ETH, XRP 🌧️Strong bullish sun ☀️ shines over the global crypto market in the next 24 hours, indicating upside potential. Binance bucks this positive trend. ☁️
Over a one-week horizon, trading conditions will turn more mixed with Bitcoin, Litecoin, Uniswap, and Chainlink likely to continue to benefit from the sunny bullish trend ☀️, while other altcoins like Ether and XRP may face cloudier if not rainy bearish conditions, as ATTMO indicates. 🌧️📉
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BTCUSD On a major Resistance cluster. Massive pump if broken.Bitcoin / BTCUSD is testing the Falling Resistance today, slightly over the 1day MA50 and under the 1day MA200.
This is a key Resistance cluster, which if broken opens the way to a potential massive price rise.
A similar test of the respective Falling Resistance took place on June 20th, again on the 1day MA50. When broken the price reached Resistance Zone A. Both rises have ocurred on Support Zone A.
The 1day RSI is on the very same level, indicating a high degree of symmetry.
Buy a potential cross over the Falling Resistance and target 31000 (bottom of Resistance Zone A).
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GRTUSD: Falling Wegde buy to 0.10250.The Graph is on a short term rise with the 1D technicals still neutral (RSI = 53.312, MACD = -0.002, ADX = 25.119) trading towards the 1D MA50. This is the Resistance since the end of July. This is a LL rebound at the bottom of the Rising Wedge pattern which is inside a wider Channel Down.
We are going long now, aiming at the top of the pattern (TP = 0.1025). On the long term, the price needs to cross above the 1D MA200 (as on January 23rd) in order to get a trend change and a breakout bullish signal. Technically the crypto can reach even the 1.382 Fibonacci extension (0.3500) from there.
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Three scenarios to continue the processIn this analysis, we checked that when they reach the specified and important areas, we can make better decisions on these areas and enter into our trades, so wait until you reach the desired areas so that the reactions to those analytical areas become completely clear.
KASUSD: Initiated the new rally phase to 0.1100KASUSD / Kaspa recovered the recently lost Support of the 1day MA50 and almost reached the August 7th High.
With the Rising Support holding, the long term bullish trend is intact.
Based on a similar rise since the start of the year, the price is just starting the new rally.
Buy now and target the 2.618 Fibonacci extension at 0.11000.
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XECUSD: This rise may be a trap.XECUSD turned bullish on the 1D technical outlook (RSI = 59.865, MACD = 0.000, ADX = 22.430) as it is having the strongest 1D candle since June 30th. By doing so it hit both the 1D MA50 and MA200.
However the long term pattern remains a Channel Down since more than a year and that can only change it the Rectangle that has emerged since January, prevails. We can't know that yet but we do know that the 0.618 Fibonacci level inside the Channel has been the most common buy entry since June 2022. Consequently we are untouched by today's rise and will wait for that buy opportunity lower.
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ETH's 🌤️ Forecast - Bullish Trend Over the Next 24 Hours Sun with scattered clouds 🌤️ lie ahead for Ethereum in the next 24 hours, signaling a slightly bullish market with upside potential. Most other altcoins will face cloudier, bearish trading conditions over this time span. ☁️
Over a one-week horizon, these cloudier trading conditions ☁️ will extend to both Bitcoin and Ethereum, indicating a slight downside risk. Cardano and Chainlink buck this negative trend and will remain sunny and bullish. 🌞
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BTC, ETH 🌤️ 24 Hrs - Bullish Signal; ☁️ Next Week? Sun with scattered clouds 🌤️ lie ahead for Bitcoin and Ethereum in the next 24 hours, signaling a slightly bullish market with upside potential. Most other altcoins will face cloudier, bearish trading conditions over this time span. ☁️
Over a one-week horizon, these cloudier trading conditions ☁️ will extend to both Bitcoin and Ethereum, indicating a slight downside risk. Cardano and Chainlink buck this negative trend and will remain sunny and bullish. 🌞
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BTCUSD Inverse Head and Shoulders breaking the Falling Wegde.Bitcoin crossed today over the Falling Resistance / top of the Falling Wedge pattern.
This will turn into a buy breakout signal if it closes a (4h) candle over it. The MA50 (4h) has already turned into Support.
This Support is holding the Right Shoulder of an emerging Inverse Head and Shoulders pattern, which is a bullish bottom formation.
This can be the transition from the bearish (Falling Wedge) to the bullish (Inverse Head and Shoulders) trend.
Trading Plan:
1. Buy if a (4h) candle closes above the Falling Resistance.
Targets:
1. 27900 (Fibonacci 2.0 extension, standard Inverse Head and Shoulders target).
Tips:
1. The MA50 (4h) can cross above the MA200 (4h) inside the next 2-3 days. That is the well known Golden Cross formation, a powerful bullish pattern.
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Notes:
Past trading plan:
FLOWUSD Huge Falling Wedge and 4hour MA200 breakoutFLOWUSD is crossing today over both the giant Falling Wedge pattern that started at the beginning of 2023 and the 4hour MA200, which has been a Resistance since July 24th.
It is easy to understand that this is a major bullish development for the long term trend. The short term Resistance that is left is the 1day MA50 and that is only $3 away.
As you see we've split the analysis into two charts the 4hour (left) and the 1day (right). Both have the next common bullish benchmark at 0.63500, on the 4hour that's the 0.618 Fibonacci from the July 3rd top and on the 1day it is an estimated contact course with the 1day MA200, the major Resistance October 5th 2021! This can be used as the target.
50% buy can be entered now and the other 50% after a 1day candle close over the 1day MA50. Target 0.63500.
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