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Hello, As shown, during 2017 ETH had roughly a 67% crash in June, and proceeded to recover into August. It crossed over the .786 fib retracement level, but ultimately got rejected and fell below the .702 as well. The .702 turned to resistance, and eventually led to another 38% fall down to the .236 fib retracement level. As we know, ETH managed to recover in...
Hello, As shown in the chart, Solana seems to be on path to $1300 ish... I say ish because the 5 wave can be longer or shorter than the 3rd. BUT, in crypto time and time again we have seen the 5 wave get overextended depending on market conditions (bullish conditions for the market to end 2021). So it is completely possible we see the 5 wave exceed the 3rd,...
Yes I know, in my previous post concerning XRP I discussed a bull pennant formation forming on XRP. That pennant officially broke down instead of up, which is always possible in any triangle formation. However, now we seem to be forming a bull flag, which is essentially the same end result when it comes to how to measure price targets from it. If we get a...
As shown in the chart, BTC is losing the 50 SMA on the 4hr. Coupled with bearish divergence on the RSI dating back to July 26th, we could see short term selling. If we can't hold the 50 SMA, it is possible we have to retest the 100 SMA at roughly $47,000. If that doesn't hold, expect a drop to the 200 SMA around $44,000. Strong support should come between...
Basic TA right here, measure the length of the flagpole in percentages, and add that to point of the expected breakout! Simply put, as shown in the chart the measured move for a breakout of the bull pennant takes us to $2.32. I expect XRP to run much higher by end of year, but the short term target takes us up to $2.32 which would mark a new high on the year as...
Ethereum is steadily gaining on BTC. As shown in the chart, we have a lengthy bull flag breakout targeting a move to approximately 0.177 for ETH on the BTC pair. With the EIP-1559 Ethereum burn activated, there have already been over 70,000 Ethereum burned. Couple the deflationary component with Ethereum 2.0 staking, and the ETH circulating supply is going to...
As I've shown in the chart, if you lay over the bar pattern Ethereum printed in 2017 during its summer consolidation and end of year blow off top, $13,302 is in the cards. All Fibonacci retracement levels, as well as the bar pattern fit like a glove leading to a potential peak price of $13,302. If we get a similar structure to close the year for ETH, we could...
Each time we have seen bullish divergence on the RSI compared with downward sell pressure, we have seen explosive moves up. At the end of May, the price was falling dramatically, printed a higher low on the RSI and immediately rebounded with an 82% move in days. The same thing occurred in the middle of June as well, falling price, higher low on RSI followed by a...
The On Balance Volume for FILDA is showing us heavy accumulation between the $0.15 and $0.17 cent range, and consistent growth in volume overall. The 20 has crossed the 50 on the 4hr SMA, and we could soon be approaching a golden cross on the 50 and 200 SMA on the 4hr as well. Add in consistent 79% APR staking in the Filda DAO on filda.io, and this crypto seems...
Quant has been consolidating in this trading channel since the end of January, almost 6 months. It has finally confirmed a breakout, along with back test for support. Couple this with the recent Coinbase listing, and I can see Quant breaking out to much higher levels. Hard to pinpoint a price target, but I wouldn't be surprised to see this get up over $200...
I had multiple people ask me for GME price targets in my last post comparing the breakout in AMC to current GME pattern. The easiest way to compare the breakouts in my opinion is to use the Fibonacci tool. With that being said, we can see AMC ran all the way to a full fib extension when measuring from its last peak. If GME does the same thing, we can see it...
Even with all the blood in crypto markets currently, most major alts look healthy against the BTC pair. Altcoin dominance is still steadily climbing, and the secondary trend of the crypto market seems to be showing us alts are still the play. Last time XRP had a golden cross that held support in 2017, we saw XRP follow up with 2600% returns on the BTC...
As I've pointed out in the chart, every major move that has occurred in BTC has come on the back end of a RIOT Blockchain move. The 2 are obviously correlated, and picking through the price history dating back to the major dump of 2018, I've noticed RIOT always goes first, whether it be up or down. This has happened perfectly in sync since RIOT has actually...
Personally speaking, I'm not panicking about the imminent death cross for BTC. Every time I look at the current price action for BTC, I immediately see the same top that was put in, in 2019. The RSI as well as the bar patterns seem almost identical. Volume has followed a very similar path as well. With that being said, BTC seemed to be recovering in early 2020...
It looks as though $0.784 has been the last line of defense for XRP. As long as we keep closing above this support line, XRP is in good condition. Any bullish move from this point on should take us back up to the $1.04 resistance fairly quick. If we can clear $1.04 and hold as support, XRP should be continuing its next bull move and a retest of previous local...
GME is printing the exact bar pattern of AMC before it's explosive move up. As these 2 are highly correlated, this will be important to pay attention to going forward. If today (Friday June 18th) closes bullish, or you see positive price action with high volume, this trade could be ready to take a long. - CA$HLESS
As you can see we have had about 10 different touches on the daily at 79 cents for support. If XRP can hold 79 cents as support, I expect a move up to the $1.04 area, previous resistance. If we can clear $1.04 and hold as support, I see continuation up into July. - CA$HLESS