Get started

Cryptotrades

ETH Daily TA Cautiously BullishETHUSD Daily cautiously bullish. Recommended ratio: 85% ETH, 15% Cash. *MINOR CORRECTION WATCH. Ethereum continues to rally (and should continue to leading up to September) on news that the Merge is likely to be ready for launch on Mainnet 09/19/22. Cryptos continue rallying as Equities are entering a big earnings season and recession fears are being allayed by Putin saying Russia will reopen the Nord Stream pipeline (albeit potentially at lesser capacity) . Yesterday, Congress passed the CHIPS for America Act granting $52b in government subsidies to advance the semiconductor industry in the USA, this briefly boosted chip and tech stocks. Though this still qualifies as a long overdue technical relief rally, it's important to note that Ethereum has reclaimed support of the descending channel from October 2021; because of this it's technically unlikely for ETH to retest $1k until after August if it were to.* Price is currently forming a Bull Flag as it trends down at $1500 after briefly touching $1600, the next resistance (minor) is at $1711. Volume remains Moderate (high) and is currently on track to favor sellers for a second consecutive session if it closes today's session in the red; this would increase the odds of a minor correction to $1427. Parabolic SAR flips bearish at $1127, this margin is mildly bearish at the moment. RSI is currently trending down at 63 after forming a peak at 69 (just below the 50/50 uptrend line from November 2018), the next support is the descending trendline from February 2020 at 55 support. Stochastic remains bearish for a second consecutive session as it trends down at 92, the next support is at 81. MACD remains bullish and is currently trending up at 52 with no signs of peak formation as it continues to make a strong case for flipping 28 resistance to support. ADX is currently trending up slightly at 31 as Price pushes higher, this is mildly bullish. If Price is able to continue up here without touching $1427 first, it will likely test $1711 minor resistance (which will be a critical resistance). However, if Price isn't done completing the Bull Flag, it will likely test $1427 support . Mental Stop Loss: (one close below) $1321.
COINBASE:ETHUSD
by dailytaguy
BTC Daily TA Neutral BullishBTCUSD Daily neutral with a bullish bias. Recommended ratio: 51% BTC, 49% Cash. * SELL-OFF WATCH. The US June CPI report was released this morning and surpassed the 8.8% market consensus estimate with a 9.1% reading (Core CPI exceeded the 5.7% consensus estimate with a 5.9% reading). Cryptos, Equities, Treasuries, and Commodities initially sold off on the news but then came off of intraday lows to close the session flat or slightly up; all while USDX came off of a 20 year high of $108 in today's session . Logically, the Yield Curve (10 yr Treasury note yield fell below 2 yr Treasury note yield) inverted to levels not seen since 2007; which is prompting institutions like Bank of America to call for a 'mild recession' in 2022 . Fed Funds Rate Futures are currently at 97.50, implying that markets expect a 100bps rate hike on 07/27 to get the EFFR (Effective Federal Funds Rate) from 1.58 (current) to 2.5; the current probability of this happening two weeks from now is around 70%. That said, it's still premature to assume that this high-CPI rally isn't a short squeeze because there isn't enough current data to support that inflation has peaked.* Price is currently testing $19417 support after forming a Double Top (Hidden Bearish Divergence with RSI + Stochastic) at $21.5k. Volume is Moderate and currently on track to break a three day streak of seller dominance if it is able to close today's session in the green. Parabolic SAR flips bullish at $22.5k, this margin is neutral at the moment. RSI is currently trending up at 39 after bouncing off the uptrend line from 06/18 at 34, the next resistance is at 42.41. Stochastic remains bearish and is currently trending down as it begins to form a trough at 44. MACD remains bullish but is trending down slightly as it forms a soft peak at -869 minor resistance; if it crosses below -1160 it would be a bearish crossover, the next support is at 30. ADX is currently trending down slightly and is forming a soft trough at 30 as Price is attempting to rally off of $20k, this is neutral at the moment; if ADX is to start trending up as Price goes up, this would be bullish but if ADX continues trending down as Price continues up this would be mildly bearish. If Price is able to defend support at $19417, the next likely target is a retest of the one-month high at $22k before potentially testing $24180 minor resistance . However, if Price breaks down here then it will potentially retest the uptrend line from April 2017 at ~$15k as support for the first time since September 2020. Mental Stop Loss: (one clear close below) $19417.
COINBASE:BTCUSD
by dailytaguy
ETH Daily TA Cautiously BearishETHUSD Daily cautiously bearish. Recommended ratio: 25% ETH, 75% Cash. *Cryptos, Equities, Metals, Energy, Treasuries, and Commodities are all suffering at the expense of a surging USD. The Euro continues to plunge and achieved parity with USD in yesterday's session for the first time since 2002. US CPI report is scheduled for release tomorrow morning at 830am (EST). The Fed only made projections regarding PCE in the last FOMC Projection Materials released on 06/15/22, but the consensus according to the Federal Reserve Bank of Cleveland's Inflation Nowcasting is 8.55%; the current market consensus is 8.6%-8.9% (with Visa and Natixis estimating 8.6% and Goldman, TD, HSBC, Citi and BNP Paribas estimating 8.9%). White House Press Secretary Karine Jean-Pierre stated in a Press Briefing yesterday (07/11/22) that they expect the CPI number to be "highly elevated". If the inflation numbers come in on the higher end (or even higher), expect for a market sell off and for Ethereum to break down below $1k; if it does this, the next support is at $776.* Price is currently trending down at $1045 after being rejected by the lower trendline of the descending channel from October 2021 at ~$1250, if it breaks below $1k psychological support then it will likely test $776 support. Volume is Moderate (High) and currently on track to favor sellers for a third consecutive session, it has also grown in all three sessions; Price is also currently trading in the largest supply/demand zone on the chart . Parabolic SAR flipped bearish in today's session and now flips bullish at $1275, this margin is neutral at the moment. RSI is currently trending down at 35 and is still technically testing 37 support, the next support is the uptrend line from 01/22/22 at ~28. Stochastic remains bearish and is currently testing 47 support with no signs of trough formation. MACD remains bullish and is currently trending down slightly at -70 after forming a soft peak at -63, it's also testing -91 support for the first time since 04/30/22; additionally, if MACD falls below -91 it would be a bearish crossover. ADX is currently forming a soft trough and is trending sideways at 34 as Price falls back down to $1k, this is mildly bearish; if ADX is able to bounce here as Price breaks below $1k, that would be bearish. If Price is able to defend $1k psychological support then it will likely retest the lower trendline of the descending channel from October 2021 at ~$1150 as resistance . However, if Price breaks down below $1k , it will likely test $776 support for the first time since breaking above it in January 2021. It should be noted that Price can fall much lower to ~$400, RSI can support another ~50% drop before reaching its ATL. Mental Stop Loss: (two consecutive closes above) $1150.
COINBASE:ETHUSD
by dailytaguy
ETH Daily TA Neutral BullishETH Daily neutral with a bullish bias. Recommended ratio: 57% ETH, 43% Cash. *Cryptos enjoyed a rally to start the weekend but then came the Sunday Scaries (a corrective sell off after a weekend rally), this is typically bullish going into the next week but given the bearish sentiment in markets it may signal that more downside is to be expected. Fed Vice Chair Lael Brainard gave a speech on crypto and DeFi last Friday (06/08) . In it she confirmed that the Fed is still working on a CBDC and that more traditional finance regulations are coming for DeFi ("same risk, same disclosure, same regulatory outcomes") to prevent exploitation, undisclosed conflicts of interest, and market manipulation. She once again stood in support of what crypto has to offer and stated that regulations shouldn't stifle innovation, referring to cheaper + quicker cross-border/remittance payments and collateralized loans. Brainard ended the speech by commenting that perhaps accountability should be shifted to protocol developers and transaction validators; which begs the question of which agency would be responsible for this legislation ( Bureau of Industry Security? Export Administration Regulations? ). Key dates to watch for this week: June CPI report at 830AM (EST) on 07/13 (if it comes in higher than the consensus estimate of 8.8%, expect for a dip in almost all markets).* Price is currently trending down at $1170 after being rejected by the lower trendline of the descending channel from October 2021 at ~$1250 on the first formal test; this not abnormal considering that it is a critical resistance in the largest supply/demand zone on the chart. Volume is currently Low and on track to favor sellers if it closes today's session in the red; the fact that Volume is low makes this rejection weak and Price still capable of a retest/breakout. Parabolic SAR flips bearish at $1015, this margin is mildly bearish at the moment. RSI is currently trending down at 43; the next support is at 37 and the next resistance at 55. Stochastic remains bearish for a second consecutive session and is currently trending down at 85 as it approaches a test of 81 support. MACD remains bullish and is currently beginning to form a soft peak at -62; though it's just below -47 minor resistance it is still technically testing -91 resistance. ADX is currently trending down at 34 and is beginning to form a soft trough as Price is facing rejection, the hint of a soft trough formation is in line with the downtrend but because it is still trending down this is mildly bullish. If Price is able to break out above the lower trendline of the descending channel from October 2021 at ~$1250 , the next likely target is a test of $1427 resistance. However, if Price continues to break down here then it will likely retest $1000 psychological support before potentially testing $776 support . Mental Stop Loss: (one close below) $1135.
COINBASE:ETHUSD
by dailytaguy
ETH Daily TA Neutral BullishETHUSD Daily neutral with a bullish bias. Recommended ratio: 60% ETH, 40% Cash. *Financial markets continue to attempt to digest the possibility of a global recession as Cryptos and Equities trend higher with hopes of establishing a local bottom. The insolvency crisis facing crypto lenders and investment funds continues as Voyager Digital followed in the footsteps of 3AC (who filed for bankruptcy last week) and filed for bankruptcy today . On the other hand, Celsius is managing to stay operational (and solvent?) by paying down $183m in collateralized debt to Maker which in turn brings their BTC loan liquidation price to $2700. It's still too premature to call a bottom and therefore good to still be vigilant.* Price is currently trending up at $1160 as it slowly approaches a retest of the lower trendline of the descending channel from October 2021 at $1225-$1250 as resistance. Volume remains Moderate and is currently on track to favor buyers in today's session after favoring sellers in yesterday's. Parabolic SAR flips bullish at $1250, this is mildly bullish. RSI is currently trending up at 43 after bouncing at 40 and avoiding a retest of 37 support; the next resistance is at 55 which would coincide with the descending trendline from February 2020. Stochastic remains bullish and is currently testing max top where it can potentially coast in the "bullish autobahn zone" for some time. MACD remains bullish and is currently trending up at -105 as it approaches a test of -91 resistance. ADX is currently trending down at 44 as Price is pushing higher, this is mildly bullish at the moment. If Price is able to continue pushing higher here then it will likely retest the lower trendline of the descending channel from October 2021 at $1225-$1250 as resistance . However, if Price breaks down here it will likely retest $1k psychological support before potentially testing $776 support for the first time since breaking above it in January 2021. Mental Stop Loss: (one close below) $1k.
COINBASE:ETHUSD
by dailytaguy
ETH Daily TA Neutral BullishETHUSD Daily neutral with a bullish bias. Recommended ratio: 51% ETH, 49% Cash. *Cryptos and equities took a beating today as the markets are deciding whether the Federal Reserve is going to engineer a soft landing or hard landing and whether or not a 3.5% EOY target for Federal Funds Rate is enough. Global inflation numbers continue printing higher and prompting monetary-policy-driven demand slowdowns. China is slowly beginning to lift lockdowns with dine-in at restaurants in Shanghai set to resume on 06/29 and Disneyland set to reopen on 06/30 . The third and final Q1 GDP estimate (US) is scheduled to report tomorrow (06/29) at 830am (EST) and should give insight into how much the economy is likely to slow in Q2. Core PCE Price Index is also scheduled for release at 12:30 (EST) on 06/30, which (combined with CPI due on 830am (EST) 07/13) should help markets gauge whether a 75bp or more rate hike is on the table come 07/27.* Price is currently testing the short-term uptrend line from 06/18 at ~$1150 as support after being rejected by the lower trendline of the descending channel from October 2021 (~$1300) as resistance. Volume remains Moderate (low) and is currently on track to favor sellers for a third consecutive session; the odds of a shrinkage breakout/breakdown are weakening along with the structure of the pattern but it still remains a possibility in the near term. Parabolic SAR flips bearish at $986, this margin is mildly bearish. RSI is currently testing 36.91 support after forming a soft peak at 40. Stochastic crossed over bearish in today's session and is currently trending down at 87 as it quickly approaches a test of 80.69 support. MACD remains bullish and is currently trending up slightly at -161 as it is beginning to show signs of a soft peak formation; it is still technically testing -197 resistance, if it can break above this level then the next resistance would be at -90. ADX is currently trending down at 47.50 is finding resistance as it pushes higher, this is mildly bullish at the moment. If Price is able to bounce off of the short-term uptrend line from 06/18 at ~$1150 then it will likely retest the lower trendline of the descending channel from October 2021 at ~$1300 . However, if Price breaks below the short-term uptrend line, it will likely retest $1k as support before potentially falling to formally test $775.83 support. Mental Stop Loss: (two consecutive closes below) $1135.
COINBASE:ETHUSD
by dailytaguy
2
ETH Daily TA Cautiously BullishETHUSD Daily cautiously bullish. Recommended ratio: 65% ETH, 35% Cash. *Cryptos and equities continue rallying and will hope to carry on this momentum through the weekend and into next week leading up to the Core PCE inflation report due next Thursday (06/30/22). Which should tell us whether or not the Fed is going to raise FFR by 75bp (or more) on 07/27/22.* Price is currently trending up at $1206 as it gets closer to testing the lower trendline of the descending channel from October 2021 at ~$1300 as resistance. Volume is currently Moderate (low), looking to favor buyers for a second consecutive session if it closes today in the green and is on track to shrink for a sixth consecutive session (which indicates that a breakout or breakdown is likely impending). Parabolic SAR flips bearish at $896, this margin is neutral at the moment. RSI is currently trending up at 38 as it attempts to flip 36.91 resistance to support after bouncing off the uptrend line from 01/22/22 at 26; this is bullish. Stochastic remains bullish and is currently testing 80.69 resistance with no sign of peak formation. MACD crossed over bullish in today's session and is currently trending up at -211 as it quickly approaches a test of -197.34 resistance (after breaking below it on 06/14/22). ADX is currently trending down at 51.51 (after forming a soft peak at 53) as Price continues pushing higher, this is mildly bullish at the moment. If Price is able to continue up then it will likely face some resistance at the lower trendline of the descending channel from October 2021 at ~$1300; if it breaks and closes above ~$1300 then it will likely test $1426 resistance, whereas a rejection at ~$1300 may take it down to $775 support. However, if Price breaks down here and falls below $1k, it will likely fall (pretty violently) to test $775 support (and potentially lower). Mental Stop Loss: (two consecutive closes below) $1k.
COINBASE:ETHUSD
by dailytaguy
Bitcoin - short term predictionHello traders, Here is what I see currently on the charts for Bitcoin: - We are right below another horizontal resistance here, forming a triangle pattern, which most likely will be broken to the upside; - The weekend is also almost here, which always means manipulation and low volumes - this could lead us to a retest of the lower band of the triangle at around 40 000$, but I don't see it as much likely option; - The most probable scenario is breakout to the upside today and a red sideways action on the weekend, acting as a retest of the horizontal resistance. There is also a small resistance box between 0.382 Fibonacci level and the triangle; Bitcoin is currently above some very major resistances - 50MA and 100MA on the daily + 21EMA on the weekly, which is a sign of a market recovery. I would like to see a retest of the 21EMA before going up. Take care of yourself and trade safe!
Long
by HAVEcrypto
5
BTC/USD - UpdateI'm still waiting for BTC to make a decision on which way to go between these two daily levels. We are more likely to hit the lower daily level because we have witnessed repeated rejections around the upper daily level and we have bearish CVD divergence. If we see a correction to the downside, we could see a bounce at about $39K. Following that, we must observe order flow in order to evaluate whether the price is likely to hold or not. <----------------------------> ☑️ Follow, Comment & Like ☑️ Create a civil and healty discuss in the comments and share with me your thoughts Thanks and Happy Trading!
BITFINEX:BTCUSD
by CryptoTradersWW
Is SUSHIUSDT ready to recover to previous highs?SushiSwap is a type of a decentralized exchange called an automated market maker (AMMA). Automated market makers lets users trade cryptocurrency tokens with no central authority managing the trade. SushiSwap uses mathematical formulas to set prices and processes trades using smart contracts. On the first day of trading the price made a high at the $15-$16 range and then started a strong downtrend that resulted in the price going to a low of $0.5! The reason for this was that SushiSwap wasn't the first AMM, it is based on another AMM, called UniSwap. UniSwap's code was used to create SushiSwap, there was nothing new about it, Which was why the price crashed more than 95% in a matter of 2 months. It wasn't attractive enough, investors just kept on providing liquidity to UniSwap's pools and very few switched to SushiSwap. By that time, everyone thought that the token is dead and can't recover, but the anonymous developer of SushiSwap, who goes under the fictitious name "Chef Nomi" , had a different idea. He/She was able to come up with a tactic help SushiSwap gain an edge on its rival. Users would have to deposit UniSwap tokens to earn rewards on SushiSwap. Those who switched from UniSwap to SushiSwap gained alot more rewards on SushiSwap, Which resulted in SushiSwap gaining about $800 million in crypto funds. That's when the price started recovering and was able to make a high of $23 on March,2021. Looking at the chart of the coin we can see that the price action is very noisy and slow. Currently the price is returning to a very strong demand zone at the $6.9 range, Which is the 25% of the distance between the high and the low. The 25% level is a very strong support, the last time Sushi tested that level, it formed a double bottom pattern that resulted in a strong reversal to the upside. After that the price came back and tested the neckline of the double bottom, had a weak bounce, then started a strong downtrend. I am expecting sushi to bounce again from that level especially with the RSI being oversold on the Daily chart. Developing price action will hint if the bounce is strong enough to recover to previous highs. I will keep y'all updated.
Long
by UnknownUnicorn17674375
1
The Graph Protocol analysis. $GRTThe Graph Protocol has had a pretty significant retrace from the highs early this year. One thing that is concerning about GRT is the tokenomics are very poor. Over the span of 2021 around 5 billion coins will be released into the circulating supply. This will most definitely have a impact on price of the coin. COINBASE:GRTUSD A couple levels to watch for, you would really only want to buy GRT above 80 cents with strength or buy at the 2021 lows. Right now price is sitting in no mans lands and it would be risky to buy at this level.
COINBASE:GRTUSD
by OnChainDigital
1
ADAUSD BUY/LONG NOW READY FOR TO FLY LEAST 2.820 - 3.400TICKER CODE: ADAUSD Company Name: Cardano Industry: Cryptocurrency | Blockchain Position Proposed: BUY Technical Analysis 1. Large Pennant / Falling Wedge (Forming) 2. The market will potentially fall to either Fibonacci Retracement at 0.618 (Golden Zone) 0.786 ( Silver Zone) 3. 1st Take Profit will be at Fibonacci Expansion Safe Take Profit and Flagpole Length Buy Entry: NOW READY (1.900) - The Market could potentially fall to 1.75 Next Entry: 1.75 1st Partial Take Profit: 2.820 (June - August 2021) 2nd Take Profit: 3.400 (October - End 2021) I would recommend holding some ADA until price change trend direction
BITFINEX:ADAUSDLong
by traderprosignals
SPRT next crypto miner leaderInteresting play and even on existing business model CEO has a history of building companies. Didn't see this one coming but even with today's move we believe this is far from over. Have fun and enjoy the ride! Fundamentally should be multiples folds higher based on the competitive metrics and although it moved today once people do some work on this are realize what they got it should start to get real attention vs the day traders. $btc bitcoin miner
BITMEX:XBTLong
by Hatchetaxe