The market is currently on route to levels lower in the following days to come. This statement will be justified in the paragraphs that follow. Flag break: The market was trending in a bearish flag formation starting on the 18th of June and has recently broken out on the 19th of August. The breakout target levels for this flag formation puts the total market...
A clear breakout has arrived as we have shot above the level of resistance (fib 50%). We should be seeing a $0.36 price soon before the bears take over again. Thank you
After the breakout we had the other day the price has finally consolidated on a key level of support (fib 61.8%-65%) with the 50% fib sitting perfectly on top of the current short term high of $0.348. This consolidation depicts health in the market as the market is not in an oversold state and therefore increases the probability of further decline in the medium...
The price has officially broken out the consolidation range to the bears. The target point for a reversal is still at at $0.28 however there is a few levels of support before the price reaches this point, these support levels were sourced from the fib retracement of the current wedge formation. The price has bounced off the golden ratio, (62.8% fib) so the price...
Good day all, Let me jump straight in. XRP is currently trending sideways following its multiday uptrend (flag formation). It is clear that the flag is a bearish sign, However there are a few factors to take in consideration before being sure of a bearish break. The price action is placed in between 2 fairly strong support and resistances. Resistance being the...
Is it not just music to your ears seeing and hearing all the fear and treachery in the market, knowing it is all temporary due to cyclical market trends and is actually a huge blessing in disguise to those who actually understand this fact. Back to the article, XRP and most of the market has been consolidating for some time now which is a great sign of...
As predicted in my previous article the price had made a fairly well calculated move over to the down side leading into the bitcoin 2022 conference and thereafter, as most of the market tanked along side BTC. The following points will add extra confluence to your doubts on the current market. In the last article I said $1 would be the level of support to hold...
Cardano is following some textbook movement as we push to the downside, however apart from the perception of bearishness this current structure is far from what it seems. In my last article is explained my short term bearish TA on ADA and it seems to be playing out the way I predicted as it was clear the narrative was shifting in the short term which was made...
Don't you just love seeing the market volatility, as the price breaks out of a multi month downward trend. The following points below will explain my short and medium term predictions for the current market of ADA. The most obvious indicator is the fact that the media is blowing ADA through the roof with over 30% in the prior week, which is a temporary pro,...
What great time it is to be in the Crypto market i would say, as we near the estimated bottom of the bear market which in my opinion will be roughly around MAY. This is the perfect time to be picking up a bit of XRP and a couple other coins which I will be discussing in my future articles. Let me jump straight into the market by listing and explaining a couple...
Ever since the 19TH of June, we have been under the 200 EMA with the 50 EMA, until this moment were the 50 and 200 EMAs are kissing each other and are ready for a break to the bulls, which will result in a massive move in the weeks to come as this cross is something that gives huge confluence when bull markets are started. I can still see some consolidation...
And look at that, prices reach just short off $3 dollars just as I have predicted in my last article. From this point onwards I feel there is a likelihood the price is going to retrace or consolidate from this point onwards in order to have the market catch up. Thank you for your time and hope great trades were made off this run we had.
Good morning all, as you can see on the chart and title this article is based on the current breakout that has occurred as predicted. However there is still some way to go until price reaches my target of $3 and only time and fundamentals from the entire market will determine whether it will reach this level within the short term or medium, but either way the $3...
The past few days/weeks have been extremely exciting for those who are invested in ADA, including myself as I have a fair share of ADA in my portfolio. To some this massive move was extremely unexpected, however I have been anticipating a huge movement nearing the release of Alonzo purple and smart contracts. The closer we get the higher the price will rise and I...
Some would say the market is over extended and is in need of a retracement, however who ever says this doesn't understand how much hype is flowing into the market to start with, as well as the fact that we are mid swing into the 4th quarter of the bull market. Therefore i still remain bullish, but it would be healthy for the price to consolidate where it stands...
O how the narrative has shifted since I have last written an article.. Its funny of fast people with minimum experience in markets can turn on crypto when it yields a negative return for the short term and does not bring you the lambo you have waited 2 months for while investing. This is what happens, the mindset of those who don't understand distorts the...
We are currently experiencing a time of extreme bullish movement both from a fundamental and technical stand point on the long term, How ever it is important to understand why this is happening and majority of the reason the market has spiked recently is based on the fundamentals which is strongly arguable is correlated with big breakout areas from a technical...
Many will say the crypto bull market is over, "there is no way the price can recover after a 60% dip.", I say let those believe what they want to believe. The reason I say this is because those who have the mindset that the market is doomed and has no way of continuing to the bulls, are people who have not done enough research to understand market fluctuations and...