ADA Had A Phenomenal Run in 2020/21ADA had a phenomenal run in 2020/21. It has reached to a full 4.236 fib. ext based on the rally prior to capitulation where .236 is sitting on top of. Even though i think ADA still has i bit more to go. Not to much but still 200-300% could still be in the play here.
To get the final clue where the final target could be, we have to extend fib. levels over the full 2017 bull run. (level 1 sitting at ATH, 0 at the low). If we do that than the full 4.236 extension gets us to around $5.5. (will show that below in the update)
I am not a financial advisor so non of this should be taken as a financial advise. Be well.
KRAKEN:ADAUSD
Kraken
NANO EUR Kraken after crashHello!
I hope all of you are well. If you are looking to trade or simply convert your nano into EUR, timing is fundamental.
It looks like the next price of interest is 3.8 and after that, we might find a lot of resistance in short time-frames (shown by the blue horizontals)
The other horizontals represent strong resistance prices. Our price will most likely be hitting most of these horizontals in the next moves.
multi-year cup and handle on log chart for syscoinTLDR: a massive cup and handle pattern over 4 years on a log chart. Extremely rare to find, especially in crypto due to scarcity of coins with a multi-cycle history. Last time such a pattern was observed on DOGE/USD pair in Autumn 2020, at $0.002 $DOGE.
Background FA: SYS launched NEVM (full smart contract compatibility), has backing of Canada-listed $BCFN corporation, Merge-Mining with Bitcoin , making it the most secure altcoin, Launched Layer1 Ecosystem, placing Syscoin as direct competition to $BNB ($100b Market Cap), $SOL ($100b Market Cap), $ADA ($100b Market Cap) and $ETH ($500b market Cap). Market Cap of $SYS is $350m at the time of writing. Coinbase integration is also in place. Syscoin has been trading for 8 years, making it one of the oldest cryptos still alive. Coins are fully distributed, no large holdings either by the team or any single investor. Same level of decentralization as Dogecoin had, when we first covered it in Autumn 2020.
Imminent releases: December - NEVM launched -- full smart contract functionality covered by Bitcoin PoW security
Upcoming releases: Q1 2022 - zkRollups launched -- full native Layer1 scalability on-chain.
Upcoming listings: Syscoin has been added to the Asset Hub on Coinbase.
SYSBTC Pair broke out of a Massive Multi-Year Long-Term Downtrend with highest ever volumes, sending the SYSUSD pair into near ATH .
Monthly chart is closing on 30 November and is on track to close at the highest level since Q1 2017 when Syscoin made a 100x run in 9 months.
Goldsworth. Org Technical Analysis ideas brought you $DOGE at 14 Sats , $LUNA at 10 cents, $SOL at 3 dollars.
2022 Is the Year of Syscoin according to Log SYS USD ChartsBackground FA: SYS launched NEVM (full smart contract compatibility), has backing of Canada-listed $BCFN corporation, Merge-Mining with Bitcoin , making it the most secure altcoin, Launched Layer1 Ecosystem, placing Syscoin as direct competition to $BNB ($100b Market Cap), $SOL ($100b Market Cap), $ADA ($100b Market Cap) and $ETH ($500b market Cap). Market Cap of $SYS is $350m at the time of writing. Coinbase integration is also in place. Syscoin has been trading for 8 years, making it one of the oldest cryptos still alive. Coins are fully distributed, no large holdings either by the team or any single investor. Same level of decentralization as Dogecoin had, when we first covered it in Autumn 2020.
Background TA: SYSBTC Pair broke out of a Massive Multi-Year Long-Term Downtrend with highest ever volumes.
However, this time it's SYS USD that is very interesting and it's only visible in a Log Scale Chart. It's currently in the early stages of Parabolic Growth. One of the very few coins on the crypto market with a multi-year chart available permitting making long-term analysis. The only other coins with Established Parabolic Waves are Bitcoin $BTC, Ethereum $ETH and Dogecoin $DOGE. We covered $DOGE extensively when we discovered Parabolic cyclicality in the Dollar pair. Same short-term parabolic trend was visible in $SHIB in late 2020.
Syscoin is the last major coin of the crypto markets whose next parabolic move up is only in the commencement stage. From 8 cents to 80 dollars it would make it 1000x, placing it alongside other similar coins that performed this stunt over multiple years, such as $ETH and $DOGE and a short-term example of $SHIB.
Goldsworth. Org Technical Analysis ideas brought you $DOGE at 14 Sats , $LUNA at 10 cents, $SOL at 3 dollars.
The Graph hail maryThe Graph had a good run so far in the current bullmarket. Bitcoin has a lot of potencial of going exponential and alts are bound to follow (at least for some), the price surpassed 0.9 EUR making it a key support line.
The volume must catch up so it go exponential as always and the current level seems to show a retracement soon before picking up more momentum.
The relative strenght index appears to be a bit over extended. I have some doubts about using such metric in a market like crypto, but since it is one of the most popular indicators I cannot simply rule it out, futher extention is possible...
Thank you for taking your time reading my 2 cents. I encourage you to point out my mistakes and/or oversighs I might have committed as well as advices of what I should do addicionaly.
Hoping to see Shiba make its move soonShiba could be finishing up with some consolidation and tiny descending wedges.
Community is strong and with Kraken and RH potential listings the fundamentals are looking good as well.
hoping to knock off a zero or 2 before taking profit.
Still wrestling with Doge for market cap supremacy, which for this young coin is no small feat.
HOLD SHIBARMYDon't be fooled by the FUD (Fear, Uncertainty, Doubt) Price has dropped to lower support level but No whales have begin selling their Shib. There are still large numbers of new incoming buyers at this lower price range. With the anticipation of new exchange listings many experienced investors are holding and ignoring the FUD. November and December are often huge months in the crypto market so in my oppion we are still in a good place. Patience is a required skill in this game, I hope this information was helpful and I wish everyone a Bless day!
SHIBA Looking BullishThe risk to reward is much more in favor of a bullish scenario, this is an update to yesterdays chart please review my trading analysis from yesterday for further reference! I hope this helps give a better understanding of resistant and support levels. We also have mentioning of a new exchange listing on Kraken, we will see if that platform has enough influence to act as a catalyst and create another price surge, Good luck investors and God Bless Shib Army!
Update from The Kraken Wick of Bulls Signal Chart back in FebThis is an update from my last post on February 24, 2021 for The Kraken Wick of Bulls Signal
Interesting things to note -
1. The highlighted areas are all the new data since the last post on February 24, 2021.
1. Since that Kraken wick, Eth has experienced an uptrend from 700 usd the bottom of the Kraken wick to a high of $4200 mid may.
2. Dominance has been favorable towards the ALTS and has not broken below the All Time Low BTC Dominance support (Red) line.
3. The Purple line in the RSI has been creating lower highs keeping a down trend in the macro daily RSI.
4. Current PA of ETH is currently above the 50 D MA (green line) and we are still in a eth golden cross.
5. I am interested to see the 50 day moving average (Green) to cross that yellow resistance trend line, or have price action confirm support on that yellow line to become more bullish on ETH.
6. As one possible bullish scenario , I copied the price action back in November 207 to May 2018 and pasted it above the yellow line where it broke out to simulate a possible bullish scenario to create a Higher High in price action.
7. In my opinion only do I think there is a good probability that the RSI will continue to form another lower high, and with a higher high in PA leading to a possible macro bearish divergence.
However it is possible for the RSI to form a Higher High and break the downtrend purple resistance line.
Everything is in my opinion only.
3 Reasons To Be Bullish Right Now (Good RRR)As I posted before the chart which is showing the importance of the 140 Simple Moving Average on the Daily TF you can see two more bullish points here being the falling channel we're in for the last 3 weeks as well as the trendline which is being respected ever since the corona dump.
I must say that bitcoin is on a weekly downtrend and this usually leads to some long term bear market, but the setup is there.
We are really close to the invalidation point (stop loss) and its a rather low risk trade with pretty good potential reward.
As you can see there aren't many bear/bull traps when you look at the things I've drawn on that chart.
If you see BTC trade above $45k it would be a very very good sign for continuation to the upside, if you see it fall below $40.500 and open/close even on a 4hr TF I'd be looking at much lower targets.
If you've liked the TA, please give me a like :)
SCUSD: Moon, Mars or Bust?!?!?Hello Trading View Community,
SCUSD looks like we might see an attempt to breakout and ride a nice rocket ship to the Mars, at least maybe Moon.... Now, before we go packing our bags, we need to make sure SCUSD flips the current resistance zone here at the 0.236 Fibonacci level and confirms it as support. Another bullish sign is coming from the Exponential Moving Averages trying to curl up and form a nice golden cross, with a nice hidden RSI divergence, till this happens though we might see some ranging.
If it does breakout, I think we can see a push up towards the 0.382 fib point. However, I'm putting my first target a little further down as this is an area that starts to form a volume peak (not pictured).
Thank you guys for checking out this idea on SCUSD. If you find this analysis useful, support with a simple "Like" or "Follow".
Trade carefully and remember these are just ideas, not trading advise.
Bottoms up FILUSD those cups!!!!Hello Trading View Community,
FILUSD seems to have found a nice round bottom and curled back up to the 0.236 Fib level. This level acted as nice support during the March rally that pushed FILUSD to $238. However, once support this fib level is now FILUSD primary resistance zone. Shifting our focus to the EMAs, we can see FILUSD consolidating below 0.236 fib and above 100 EMA (orange line) and 200 EMA (red line). Also notice the 20 EMA (solid blue) and 50 EMA (yellow line) trying to cross up on 200EMA, whenever the 50 EMA crosses up on the 200 EMA this is considered by many traders as a Golden Cross.
If FILUSD is able to break above and reclaim 0.236 level as support, the next leg up would be mid $90s range which has acted as resistance many times before.
Thank you guys for checking out this idea on FILUSD. If you find this analysis useful, support with a simple "Like" or "Follow".
Trade carefully and remember these are just ideas, not trading advise.
Bounce, Bounce, Bounce... BATUSD ready to fly now?!?!?Hello Trading View Community,
After bouncing and making what looks like a triple bottom around the 0.45 zone, looks like BATUSD might try to push out of the current resistance and test our 0.382 Fib level. RSI has also been confirming a bullish trend but one thing to note is the small bearish divergence that may by forming but has not been confirmed.
Thank you guys for checking out this idea on BATUSD. If you find this analysis useful, support with a simple "Like" or "Follow".
Trade carefully and remember these are just ideas, not trading advise
PULL BACK OR ONE LAST PUSH + US TAX LAWSWe either go touch 1.33T or we hit 1.0T and pull back. Could be seeing some bad news coming out of the US about Crypto Regulation. In the Infrastructure Bill, Taxing Cryptocurrencies is coming up. The US is looking to Tax miners by wanting miners to keep track of every coin that they sell off into the Crypto market and paying taxes on every transaction between the buyer and the seller. This also goes for blockchain company's in the US Keeping track of tax on every coin. This will close the door in the US on any new Blockchain development. This will force innovation to go outside of the US. As for investors. Any transactions totaling $20,000 or more in any exchange, Will trigger a audit of your account if you're found not paying from cashing out from coin to cash. But i do see a bullish scenario. Say everything above plays out. i believe it will trigger a good size sell off at first. but as long as you don't cash out into physical cash. This will cause people to just hold Crypto even more now. New bartering system becomes of this. Why use cash if you just keep printing more of it. The printing doesn't seem to be slowing down, looks to be getting worse. 2028 - 2031 will what i believe be the crash that turns the rest of whats left of fiat into digital currencies. LET THE TAX GAMES BEGIN
BTC meets key 37k support and holds. Looking upward.I believe that BTC has shown bullish tendencies by testing support levels consistently throughout the week. Sell pressure isn't mounting and holders are waiting for higher targets. A bullish reversal that will be tested heavily first at 48k then 52k. If the bulls prevail, new ATH's may be imminent as little evidence of support and/or resistance above 54k has accumulated.
ETH USD on the day chart with double bottom W patternLooking at the day a simple Double Bottom W pattern The divergence is present, EMA12 and 26 has crossed the EMA200 again so a few bullish signals in overal. But we're not there yet! Bulls need to complete the pattern and break the $2340, then a price towards $2860 can just be put back on the radar.
i've just posted an falling wedge on the 12H as well.. so both have quite the same target point. in this chart the support and resistance lines are better on the chart.
Please note... for example, if we fall through after a breakout on the W pattern when testing the support, that could mean that we could see a relapse again towards $2000 or lower. This also applies to the pattern on the 12H, if we fail when re-testing you can take that as a sign of weakness. Sometimes they want to grab extra liquidity during such a re-test, stop losses that are just below the support line, in short, always pay attention to such scenes.
Keep calm, trade safe and manage your risk.
(Disclaimer: This is not financial advice)