Ethereum came falling down after trying to wick $2,022 last week and has been a falling knife since. The price holding up at $1594 (2017 ATH) is the 1st sign of a reversal in the market. This is a very important level of support and if this is lost, ETH is going to come back down to $1435 & retouch the monthly range @ $$1347 - 1373. ETH is dependent on many...
Bitcoin posted new highs last week by breaking the $58,109 local high level. From here, the price sank below $55,218 and is trending sideways in between the uptrend and downtrend formed inside this falling wedge. I'm expecting Bitcoin to continue consolidating in between these two lines and from here right now actually wick $55,218 as well as the downtrend before...
XRP bounced off of monthly support at 0.47920 very aggressively and has regained support in the channel created in the middle of March. Not all trend lines have to hold and not saying that this channel is 100% valid, but the lower trend is acting as a level of support that if held would send the price to TP1,2,3&4. Right now if XRP holds this channel its going to...
Litecoin did not pump off the MimbleWimble news to $262 and instead rejected off of $218 before coming back down to hit the $183 level. I'm expecting Litecoin to accumulate / consolidate along the $171 - $183 zone of support going long towards higher highs. This is going to take some time to reverse because LTC is still in the middle of reversing as we speak. It...
Stellar has just broken out of this downtrend formed in early February for the 1st time and is looking to bounce to the upside. It wicked TP3 @ 0.58046 without a candle close above until it fell back down to the 0.37 level where it held as support. XLM bounced off 0.37 as the bottom and has been holding in between this level and 0.40 before its breakout to the...
XRP looked like it was going to dump down to retouch Santa's Lair around 0.40 and the general long term uptrend when it was posting this scam wick down earlier this morning, but it couldn't even wick that low. The price of XRP kept getting bought up before it could reach a new lower low. This being said, XRP just formed a higher low right in front of our eyes and...
Binance Coin since the February dump down seen later in the month has been stuck in accumulation around the $270 level before it squeezes out of this ascending triangle and breaks out to reach higher highs than the previous local top set at $333. The move on BNB is not over and I would argue that its just getting started. At the moment, BNB is being squeezed...
Bitcoin Cash after the dump down in February has found its bottom around $482 - $515 weekly support accumulation zone with the absolute bottom wicking $435 without a candle close below. $435 is the super human entry and anything under $482 - $515 is still what I would consider goated. From here, the next targets are the $630 & $720 levels needed in order to hit...
Ethereum stopped out longs on the dump yesterday before pumping above $1784 and now what looks like is going to $2022 or the local high at the 1.0 Fibonacci level. Market makers painted the dump down to $1594 which hasn't been back tested yet but overnight pumped it back above $1784 and regained this resistance as a level of support going long towards...
Bitcoin had its moment of truth yesterday as it was ranging in the region of $55,218 - $58,109 before its breakout beyond the local high. The local high at $58,109 was created on February 21st right before the dump back down to the retest of the $44,854 support zone and formed a higher low. From here, Bitcoin reversed back up to the topside and is right now...
AVAX looks like its bottomed out along the daily support as well as its broken this downtrend formed after the dump down earlier last month. The bounce off the $23 - $25 range is the bottom and the goated entry region. From here, AVAX has regained $29 and looks like its about to regain $32 as a level of support. After AVAX regains $32 as a level of support, its...
This is an update from my previous Litecoin read where I said $218 was the next long target placed at the 2018 local high. When Litecoin follows the path Bitcoin and Ethereum have been taking on this reversal, its going to hit the weekly resistance at $262. From here, I wouldn't be surprised if Litecoin sees the rest of this week in accumulation either after...
Chainlink has been gaining in price since the start of 2021, along the likes of Cardano (ADA) and Polkadot (DOT). Since this most recent drop down, the bottom and the timing of the reversal was up in the air and uncertain until very recently where LINK regained the 1.0 Fibonacci Support level at $30.4564. From here, i'm expecting Chainlink to hit the local high...
Bitcoin has been reversing off the $44,854 level and has found the bottom there. From here, Bitcoin is going to hit the $54,028 level of resistance and gain that as support before moving up to hit the local high. You can call this whatever cup & handle pattern you want, but regardless the momentum is upwards and the price isn't going to stop at the $58,000 local...
Since the dump down on February 22nd, ETH has been hard to read until just recently where we got a reversal confirmation going long. ETH bottomed out at the monthly support at $1373 and regained the $1594 previous 2017 ATH level as well as the upwards channel. Ethereum regained the $1784 level of resistance as support as well as this upwards channel as support...
XRP has been relatively quiet after the SEC pre-trial hearing that was set for Feb. 22nd. After the case, the price per XRP dropped from 0.57 all the way down to wick the 0.368 level. XRP didn’t see a single candle close underneath the 0.40326 level (I have marked out Santa’s Lair) which equals very bullish momentum. From here, i’m expecting XRP to regain the...
Litecoin has found its bottom along $159 and is now looking like it wants to reverse going long towards $218. This same exact pattern happened in January earlier this year around the $121 - $124 level before reaching $218. This time, Litecoin is accumulating at a higher spot trading price, so that only means that the next level of support is $262. The 2018 high...
Ethereum has been dipping this past week until it eventually found bottom along the local high at $1347. This level of support is significant because $1347 is the body of the ATH price created back in 2017. The fact that Ethereum reversed of of this level shows bullish momentum and the coin is in the middle of a reversal going back upwards. From here, ETH just...