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ETHUSD $1111 LONG TargetHey traders, It's been one week exactly since my last ETH post, last week right at weekly close. There's been a lot of price action going on in ETH this past week so let's break it down. ETH successfully closed over the $788 3-year valley formed in 2018 and has shot straight up like a rocket since doing so. Looking at the daily chart, this move was formed all throughout 2020 with the initial bull market move starting on September 1st. The shakeout that happened after the August 28th pump was pure capitulation to shake out the weak hands before breaking through $470 and then $600 shortly after. From here, ETH has hit the resistance levels of $812.50, $863, $916, and now is going to close the weekly over $975.99, all in the span of one daily candle. Zooming out a bit, this is the 2nd candle of the three white soldiers pattern so i’m expecting another green day heading towards $1111 TP level. I like that number, it looks nice. Also its a swing low created from the all time high in 2017 so its very significant and has been waiting to be hit for about 3 years now. I know people are calling short down to $788, but realistically I don’t see that happening, especially not yet. It’s too soon and this pump should continue beyond $1000. Right now going into the daily close, ETH is scratching the surface of hitting $1000, 4 digits again, and once this psychological level is broken it’s going to the moon. The FOMO is going to be unreal. I believe we should see higher highs on ETH and these are my targets going long for this week: TP1 🎯 $1111 TP2 🎯 $1221.94 I hope all of you had a great holidays and a happy new year, this is my 1st ETH analysis on TV of 2021. The best is yet to come! 🥂
KRAKEN:ETHUSDLong
by kyer
20
BCHUSD $435 LONG TargetBitcoin Cash blew right through the $361 level of resistance and turned it into support after successfully closing above it. From here, BCH knocked out the $379.60 level and the $404 weekly level all in the span of one daily candle. BCH is following the momentum of Bitcoin going long towards $435 and above, first heading to close out the monthly level placed at $435. Not saying that BCH isn't already starting its bullish trend, but the successful close over $435 would send the price towards $482.50 and above to $515 TP1 🎯 $435 TP2 🎯 $482 This is some Easy Loot, I know this signal is a bit late but I specifically waited until weekly close to post these charts to get a better sense of where the market is headed.
KRAKEN:BCHUSDLong
by kyer
4
LTCUSD $171 LONG TargetHey traders, It's been a week since my last analysis on Litecoin and so much has happened since then. Every single TP listed on the previous chart has hit to a Tee after Litecoin saw that continued consolidation period along $121.20 - $124.40. From this bounce, Litecoin hit and cleared the $136 - $140 distribution zone, knocking out the previous 2019 high price. Looking at the daily chart, Litecoin has already hit the $159.65 TP level that i've called out and looks like it's going to close over it going into the weekly close. Going long, the next target for Litecoin is the $171.55 - $183.81 distribution zone that was created by the 2-year valley back in 2018. TP1 🎯 $171.55 TP2 🎯 $183.81 Not saying that Litecoin already isn't in a bull market, but the touch of these levels would confirm it. Litecoin on this daily candle has already backtested the levels of support so it can move up, even as low as the $114 support level. This scam wick basically confirmed any doubts that we were going to pull back heavy. 1st post of many in 2021, let's see where this year takes cryptos. The best is yet to come!
KRAKEN:LTCUSDLong
by kyer
6
BCH Laddering Up to $420+Heres a quick BCH read for the BCH fans out there your gonna love this!! +On the 4 hour we can see multiple attempts at the level $368 but here why I think we will break this time and ladder up to test new resistances. +As you can see here I've identified BCH current valley it is facing. +BCH is coming close and close to the top of this valley as respecting the bottom part of the valley very well only wicking and testing it and now closing below + On the 15 Min TF we can actually see a wedge that was formed with the level $343-$349 as supports. +Breaking this Fractal Wedge will allow BCH to ladder up or Possible even explode to my TP +1st TP $386📊 +2nd TP $402📊 +3rd TP $420📊
Long
by ThawonP
ETHUSD $788 LONG TargetETH has consistently been making higher lows on every single dip and finally bottomed out at $556 before turning $600 resistance into support. $600 - $617 was the prime buy-in accumulation zone before taking off to hit the $669 - $687 sell-off distribution zone. From here the price of Ethereum already 1st touched $713 resistance and backtested both the $669 - $687 levels. These two levels have turned into support now and backtesting both levels only gave confirmation to continue the move upwards. Going into the weekly close in about an hour, if ETH can hold above $670 and even reach $687 then it's looking great going into the next week and the rest of the year going into 2021. I'm expecting some consolidation around the $669 - $687 range before moving back up and that's where I have my buy orders placed. This area of distribution turned into support (green). Here are my sell targets going long to close out the 3-year valley created at the $788 level TP1 🎯 $713 TP2 🎯 $755 TP3 🎯 $788 Everybody knows that Bitcoin reached its all time high price this month, and ETH looks like it's on its way there too. This time around as opposed to 2017, instead of horrible ICO's with no real value and 'cryptokitties' clogging up the network; now in 2020 we have successful DeFi projects, $15B locked in DeFi, ETH 2.0 being able to stake your coins with $1.5B locked in staking. The best is yet to come!
KRAKEN:ETHUSDLong
by kyer
10
Jumia The HIdden Gem, New Highs Coming?Toward the beginning of December, we saw Jumia make a strong correction after hitting $40 all the way back to $24.5 before making its way back to $40 zone. Personally I think Jumia is still on track for a continuation toward the upside after this correction, once we break and retest $41. Jumia is a hidden gem right in front of our faces... Jumia is an interesting company yet it seems like it's a bit behind a modern-day business like Amazon. If Jumia were to hold strong and push for profitability, we may see this become a hidden gem as we move toward the next-gen of trade, business, and life in general. For my complete analysis including company numbers on JUMIA, please refer here: EasyLoot.com/Jumia DCJ | Happy Holidays!
NYSE:JMIALong
by DotcomJack
1
Random Pick of The Week | $AKBA BioTechWelcome to the first "Random Pick of The Week", where I will randomly select a ticker to chart based on comments posted below or sent via direct message. Want a technical breakdown? - Follow Me - Smash Like - Comment 1 Ticker Todays's Pick: AKBA / Akebia Therapeutics Inc. Looking at the great scheme of things, we can see that AKBA has been in a steady downtrend for the last 5 years with only a few points of high demand. We've seen some massive leaps throughout the last 5 years, which is as expected knowing that we are trading biotech. We look like we will sit in a wedge up toward the start of 2021, leaving us with sideways movement (-+8%) until. We look for a breakout and retest of this wedge if bulls have any hope of any run into the New Years'. If we break out, we have $3.95 set as a short-term target and $7 as our long-term. We must watch $2.75/$2.70 as our weekly support, if lost look to short toward $2.10/.20. FYI: Ignore the green box, it decided to change angles last second. DCJ | Happy Holidays
NASDAQ:AKBALong
by DotcomJack
RSR Bullish Movement+RSR is coming towards and wedge and has created level adaption on $.016 +on the 12 hour we can even see some Accumlation between the levels of $.016 and $.2 +After its second attempt of trying to break this downtrend(white level) it came right back to its support at .016 and started its next ladder up and now seems to be adapting $.018 a residential now hopefully turned support. On the 1 hour TF we can actually see 4 days of accumlation between the levels of $.016 and $.018 + Before grabbing my long I would like to see some Level adaption at $.018 +Creating Level adaption here would allow RSR to ladder up to my TP's +TP 1 $.022📊 +TP 2 $.024📊 Thanks for Reading my TA on RSR have a great day
Long
by ThawonP
BTCUSD $30,838 LONG TargetBitcoin has almost completed its Fib Extension cycle and will complete it when it hits a $30,000 , more specifically $30838. I don't normally use Fibs, actually this Fib Extension was my first time properly using it, but it does the trick for sure. Every line drawn out beyond the previous ATH has hit to a Tee and been well respected in terms of support & resistance. After BTC hit 27k, we saw it tap 28k for a brief moment and then dump back down underneath the 0.786 Fib level to not get a single candle close over it. From here, I was expecting BTC to retouch 25k before moving back up but we may not see that at this point. Bitcoin looks like its gearing up for another move upwards & will make a decision very soon where it wants to go, most likely in the next few 4-hour candles if not the next one. The next target I have for my take profits on LONG for BTC is TP1 🎯 $30,000 TP2 🎯 $30,838 (1.0 Completing Fib Extension) Also the stimulus checks are coming, the Donald just signed them in tonight to avert a government shutdown on Tuesday. Let's take a step back and realize that the 1st time we got the stimulus checks on April 18th, Bitcoin passed $10,000 for the 1st time since the 2019 summer bull run high. This time around, history is repeating itself but Bitcoin will print to $30,000 from 'this news'. I want to say the news but fundamentals line up perfectly corresponding to technical analysis. Let me know your thoughts, cheers traders
BITSTAMP:BTCUSDLong
by kyer
10
LTCUSD $160 LONG TargetHey traders, From the most recent LTC read signaled from $99.50, the price of LTC hit all the take profit levels and wicked the previous 2019 high level of $136. We didn't ever see a close above this level which is a bit concerning, but I don't believe the bullish momentum for Litecoin is over just yet. However, if BTC pulls back a bit to 25k then we could see another retest of the $114 level of support before moving back up. This would still create a higher high and keep the bullish momentum alive. Of course there is going to be a pullback after matching par with the 2019 high, people are taking profits and you should plan around that accordingly. If BTC continues to consolidate or even push a bit higher and Litecoin can close over $136 then these take profit levels are valid going into the new year: TP1 🎯$145 TP2 🎯$159 TP3 🎯$171 TP4 🎯$183 If this move starts to fall, it's coming back down to $114
KRAKEN:LTCUSDLong
by kyer
12
Chainlink Will it PUMP OR DUMP?+Chainlink Today had a great run +When I woke up this morning I saw Link was up16% but slowly started pulling back as we faced/created another downtrend (Purple Level) + In the last bleed Link had it came down to $9.89 and then we started seeing some level adaption around $10.6 +The Green Level is a resistance now turned support $12.3 + Creating level adaption at $12.3 would allow Link to break the purple downtrend and start to ladder up. +Don't try to be a hero and catch a falling knife especially if your new to trading sometimes its best to just gives the charts time. +If Link can break we will later up to my TP's 1st TP $13.86📊 2nd TP $16.09📊
COINBASE:LINKUSDLong
by ThawonP
ADA BULLISH BREAKOUT+ADA facing another attempt on its 4 year valley .$169 +After its first attempt on this valley we saw a major pullback 35% and closing right above $.13 support +Since then it has created a accumulation zone and I have identified a bullish trend line that was stared on the 16th. +We can see it has tested this level 3 times confirming it as a official bullish trend. + on the daily we can see we are also coming to and end this wedge. Breaking this wedge and breaking the 2 year valley would allow ADA to Hit new resistances. +Only time will tell with this one because ADA hasn't made much movement in the past so im not betting big on this postion. 1st TP $.18 📊 2nd TP $.2📊
Long
by ThawonP
5
ETH When To RE-Entry+Woke up this morning to a nice pump on ETH and many other ALTS +If you missed this pump no worries because there are many more to come. + On this most recent pump ETH break through 2 resistances and wicked $714 to a T +Lets remember the rule of First Touch rejection. +This is the first time ETH broke 700+ in 2 years. and Also first touch on $714 so a pullback should've been expected.(RIP the noobs who bought the peak) +My first re-entry is $661 now I don't think this is the bottom but im going for a scalp on this one. +My Second Re-entry is $636 this is also where the bullish trend line will meet. +ETH reversal after this is going to moon this the last shakeout before we see 1k+ hope your ready for the pump!!
COINBASE:ETHUSDLong
by ThawonP
2
BTCUSD $25,536 LONG TargetAt the moment, Bitcoin is experiencing some minor turbulence as its flying on its path towards $25,000 and beyond. As we all know, there is no support / resistance level to base my TP or pullback targets on, so I have to resort to using Fibonacci levels. BTC is facing resistance along the 0.5 Fib level at $23671 and I think will continue to do so for the rest of the year, but going long into 2021 is a great play. In the next year I believe BTC will reach $25,000 and above however after pushing up and up it needs time to cool off and collect itself. You can visibly see the 0.382 Fib level @ $21980 wicking to a Tee (where I bought in), so this means that these Fib levels are 100% accurate acting as support & resistance levels. Saying this, after this period of consolidation i'm expecting Bitcoin to hit 0.618 Fib level @ $25,536 and from there we will re-evaluate. Chances are from there that it's going to continue soaring upwards towards the 0.786 Fib @ $27771 and then eventually $30,000 to complete the Fib Extension. Cheers traders and Happy Holidays!
BITSTAMP:BTCUSDLong
by kyer
6
Bitcoin Dominance (BTC.D) Approaching ATHLooking at the 1W timeframe of the Bitcoin Dominance Ratio (BTC.D) is slowly re-approaching it's previous all time high. This means that right now BItcoin's market cap is about 70% of the entire crypto market cap and still rising. Since the altcoin season at the end of 2017, the Dominance ratio has been gaining and doubled from 35% to 70%. From here on the next weekly candle, BTC is going to retouch the top mkt. cap dominance at 72.04%. Another option for the Dominance is that this weekly candle (just like the move up to 72%) closes below the level and doesn't gain it as support. At the start of the altcoin season we saw the exact same candle pattern on the weekly where it 1st touch rejected off of the 70% dominance level before proceeding to fall in the following weeks. Right now, that same exact pattern could play out. We are now 3 years exactly from the previous altcoin season and have seen many coins been shaekn out as well as 10x and 100x growth on more-known altcoin projects. It's only a matter of time before the dominance crashes again for another altcoin season and i'm going to continue posting this chart giving updates until it happens. In 2017 also to take note of, Litecoin (LTC) lead the altcoin season and right now it seems to be outperforming the market by a lot after breaking out of a 2-year downtrend. History doesn't repeat itself, but it often rhymes.
Editors' picks
CRYPTOCAP:BTC.D
by kyer
94
Grayscale ETHE Post-Split Price TargetsHey traders, haven't done an ETHE read in a while so here we go. On December 2nd, 2020, Grayscale Investments Ethereum Trust ETHE declared a 9-for-1 stock split. Based on the Trust having 29,502,100 Shares issued and outstanding and each Share representing ownership of 0.09284789 of one Ethereum, after the effectiveness of the Share Split on December 17th, 2020 the Trust now has 265,518,900 Shares issued and outstanding, representing 0.01031643 of one Ethereum. Grayscale ETHE has ~2,755,267 Ethereum according to their AUM on their website. That's about 2.4% of the entire supply of Ethereum, with 113,983,877 total ETH circulating. In other words, a decent chunk of the supply controlled by one entity. Now in June 2020, ETHE had a spike upwards to whats now $28 after-split when the price of ETH was about $200 a coin. That's a pretty hefty premium for this stock and trading at about a 515% premium to ETH value. Now, December 2020 going into 2021, ETHE is trading around $16 with the current value of ETH being $600 which doesn't make a whole lot of sense. Realistically, the price right now should be at least $31.50 if investors kept true to the premium. However, it is not like that and we're seeing some accumulation around $13.8889 - $15.9722. It looks like we hit the top of the 2nd cycle this week and have fallen 33% in the span of 2 days. I don't think this dip will go much lower than $13.889 as that is the start of the uptrend and is a local bottom signal. I'm expecting a reversal off of this level, going long towards: TP1 🎯 $15.9722 TP2 🎯 $22.5544 TP3 🎯 $31.5000 Okay some detail about these $31.5000 and $40.50 levels, they are both the absolute bottom levels before the stock split 9:1 earlier this month. Right now the $4 level of support I have marked represents the $40.50 level that's still drawn out on this chart. From what i've been noticing is that these pre-split drawn levels of support turn into resistance levels on the post-split chart. I saw this exact pattern play out in TSLA where all the levels of support drawn pre-split turned into take profit levels going long as resistance. I hope that makes sense traders and please trade this stock with caution it is an ETF that says it represents shares of Ethereum with $1.7B AUM but as always tread with caution. This is a daily chart so i'm not expecting a reversal right away, but it should happen and going long to my TP levels. Will not happen overnight!!!! <---- Cheers and happy holidays traders!
E
by kyer
69
XMRUSD $174 LONG TargetLooking at the chart of Monero on the daily timeframe we can see that it’s in an obvious bullish momentum. Since September, XMR has consistently been rising in price after bottoming out at $86 along the monthly support. From here, the price gained $130 & $148 as support (both previously TP levels in my most recent XMR read) and has 1st touch rejected off of $165 monthly. Now it’s got the momentum again to push higher beyond $165 and here are my TP’s for heading long TP1 🎯 $165.41 TP2 🎯 $174.54
BITFINEX:XMRUSDLong
by kyer
4
LTCUSD $136 LONG TargetAdding onto the weekly analysis I did on Litecoin, we're looking here at the 12-hour chart where LTC broke out of this 2-year long downtrend. 2-years... that's like 10 in the crypto space. Anyways, LTC already 1st touch rejected off of $114 and bounced off of $99.50 Now the next target is $136.38 On the 4-hour it looks like LTC is in a bullish flag pattern just patiently waiting to breakout. If somehow BTC starts tanking then Litecoin will wick the topside of this downtrend it broke out of last week.
KRAKEN:LTCUSDLong
by kyer
19
ETHUSD $600 Resistance Turned SupportTo start things off, I want to wish y'all from wherever you may be reading this happy holidays! After this week's crazy news, ETH came back down and wicked $556 monthly support. I can safely say that I didn't expect this to hit, although now I know the reason why this had to happen. Now with the close of the body of the candle above this respected uptrend, this signals bullish momentum in the markets. If you take a look at the entirety of this chart, since $470, ETH has been creating higher highs on every dip back down. From the November 25th drop down from $601 to $498, ETH made a higher high than $470. From the December 10th drop down from $601 to $540, ETH made a higher high than $498. From the December 23rd drop down from $670 to $556, ETH made a higher high than $540. Right now, it looks like ETH is holding this uptrend and seems to be on the verge of a breakout to the upside. I'm expecting this weekend to consolidate around $601 - $617, giving us a perfect entry target at $601.99 before moving up and hitting our TP's going long. TP1 🎯 $617 TP2 🎯 $623 TP3 🎯 $636 TP4 🎯 $670 TP5 🎯 $687 $670 is the monthly resistance level that is holding back the price of ETH, and I believe now that it's already been 1st touch rejected, it has a greater possibility of breaking through and going long towards $700+
KRAKEN:ETHUSDLong
by kyer
22
ETHUSD Reversing Off of $600 LevelThe top three cryptos: BTC, ETH, and XRP are today's topic of discussion after the SEC dropped the XRP news. Everyone on Twitter is picking each other apart and calling each other names, with the instigator being none other than Brad himself trying to front run the SEC lawsuit news. Vitalik responded to this by calling XRP a sh!tcoin which I thought was pretty funny for someone of his status, basically the top dawg in crypto space beefing with the other top dawg. Anyways, my previous ETH analysis where I called the reversal to $600 hit and bounced off of there. After not closing above the monthly resistance at $670, the price came back down to $601 monthly support and now has found $617, $623, and now trying to close over $636 as support before it heads back to $670 monthly resistance. To all my Spot traders, this is a beautiful long (best at $601 called previously) heading towards $670 - $687 target. To all my Futures traders, i'd wait for a perfect entry along $601 or even hugging along this trendline before it goes long. I don't think it's going to reverse right away, it'll take a few days but it's in the process of reversing. Thanks for all your continued support traders!
KRAKEN:ETHUSDLong
by kyer
10
XRPUSD Lawsuit by SEC, What does this mean?Ripple, one of the world's most valuable cryptocurrency companies, on Monday disclosed that the SEC plans to sue the company, it's CEO and its executive chairman for allegedly selling unlicensed securities. Ripple the company owns about 55B of the 100B circulating supply of XRP and would not pass the Howey Test. The Howey Test is a SEC case dating back all the way to 1946 where the Supreme Court ruled and created a test to determine whether an instrument qualifies as an "investment contract" for the purposes of the Securities Act: "a contract, transaction or scheme whereby a person invests his money in a common enterprise and is led to expect profits solely from the efforts of the promoter or a third party." If you invest in XRP you're investing in the company Ripple and are expecting profits solely from the efforts of the company, XRP should be deemed a security in the US, it doesn't pass the Howey Test. How are BTC and ETH not securities? Bitcoin and Ethereum are both non-profit organizations that their cryptocurrencies aren't directly tied to a company or specific individual owners. BTC & ETH are also both hosted on their own decentralized blockchains where there isn't an owner and its open-source to the public. XRP is the currency that runs on a digital payment platform called RippleNet, which is on top of a distributed ledger database called XRP Ledger. RippleNet is run by Ripple, while the XRP ledger is open-source but not hosted on a blockchain... but RippleNet. This means that Ripple is not a cryptocurrency by definition and will never be, it's a security. The company has threatened to leave the United States due to a lack of regulatory clarity, but now they got their ruling! As a security! So if XRP is actually deemed as a security by the United States, you'll have to have a BD (Broker-Dealer) in order to trade the security. That is going to hurt the wallets of many American holders and the price may see an even sharper decline. You know how hard it is to get a BD? You need to get registered with FINRA and take your Series 7 & 66. Technical Analysis of XRP Usually I say news doesn't affect price and it doesn't. This is still pure technical analysis and at the moment XRP is holding $0.479 monthly support on the daily. From here I can see a relief rally of buyers trying to push the price up back to the $0.51 - $0.53 range before falling down to $0.36 - $0.40. There is monthly support at that range as well as a decently-respected trendline placed around that area that should catch the price from falling lower. I think before greatly moving forward, XRP is going to have to beat this case and drop down to $0.36 - $0.40. I would be beyond shocked if it just straight up reversed from these levels. It's honestly unbelievable seeing the amount of delusion & ignorance to this SEC case, where long-term hodlers are seeing this as a shakeout of weakhands before the big pump... please tell me what company or crypto you know of besides Enron that got sued by the SEC for not only the company engaging in securities fraud, but the top two executives caught as well. Unbelievable. This is the trading competition though, they're making it too easy for me!! I've been holding XRP since 2017 and I gotta say i've been through a lot mentally with this coin, but this case just tipped the boat. 🚣‍♀️ This case permanently damaged the coin's legitimacy and we're about to see another sell off going into this court case, the technicals are lining up for it. Cheers everyone, the best is yet to come!
KRAKEN:XRPUSD
by kyer
27