Currently in a very similar pattern we had at the beginning of June. If we can close above $1.66 by Thursday (3-day), I think we shoot up... a close below, we may see a good drop down. Stay safe and keep an eye on the next two days, could be very telling of what's to come. Stay safe. Thoughts/comments? TG
Was hoping for KNC to drop to ~$1.35-$1.30 but only got as far down as $1.44, which makes sense when you look further back (2017 + 2018) at how it was resistance (turned to support in 2020). I think that was the drop and believe we will now move up to the next resistance area of ~$2.20. Thoughts/comments? TG
TEZOS looking like it wants to follow its own run up from Jan - Feb 2020. I understand no two patterns and moves are exactly the same but this could provide some good direction as support and resistance match up pretty well. Something to keep an eye on the rest of July and going into August. Thoughts/comments? TG
LINK, much like TESLA, is getting over extended and needs to cool off for a little bit. LINK is currently at the top of a channel and think it will make its way down to the midpoint of ~$6.60 for a good buy opportunity. Thoughts/comments? TG
TESLA is overbought and currently at the top of a multi-year channel. Not sure how many more buyers remain to push the price higher. Would anticipate TESLA moves towards the middle of the channel (800's). There will be a dead cat bounce at some point to make it appear TESLA is recovering; however, we know what happens after that. thoughts/comments? TG
not liking the range we're currently in, somewhat of a bear flag going on. Looking for a small correction/move down to 1.30 -1.35 area before we continue to the upside. Thoughts/comments? TG
Link has broken a year long sideways channel to the upside and has been rallying pretty well the last couple days. My long term target for Link is at ~$15. Only time will tell. Thoughts/comments? TG
not much to discuss; would be a shame to miss the next move up; if you're short, not sure why as the overall market cap for OX has plenty of upside
OX closed above $0.40 in the weekly which is a good sign. Looking for a move up to resistance area of $0.56 - $0.68. I think we blow thru the resistance area of $0.44 as we've tested it multiple times. thoughts/comments? TG
KNC is one of the altcoins leading the way. To me, it appears to be in a parabolic advance with little resistance above current price. If we get some FOMO on this altcoin, could be a good ride up... something to keep an eye on. thoughts/comments are welcome. TG
Past the mid-range of the channel and with a daily close above $2.72, we should see a push up to $3.05-$3.12 range in the next couple day(s). Comments/thoughts let me know TG
Looks like NASDAQ is testing the top of an upwards channel. My opinion is for a move down to the $8,200 area. Not trading advice. Comments/thoughts let me know. TG
XTZ has been consolidating for around 8 weeks creating a nice bull flag, IMO. Target would be around $6.75 It'll be interesting to see how this plays out in the coming weeks. Comments/thoughts? TG
LTC has been moving sideways since the end of March which reminds me of the sideways action from Aug-Nov in 2018 before the drop down. I think this time is different and LTC breaks upwards after this sideways movement ends at the end of the month/July. Two main reasons why I think this time is different and we break upwards: 1) Overall trend is upwards after the...
Hopium is all this is. Not gonna happen but would be cool it if did! TG
Looks like EOS is trying to form a diamond bottom pattern. Definitely have some room for this to play out but think Alts like EOS, LINK, XTZ, ZRX will do well in the next month or so. Patience is key. Would wait for a break upwards before entering any longs. comments/thoughts are welcome thanks tg
XTZ looks to be making a case for a parabolic advance. There was a smaller parabolic move from Jan 2 - Feb 13, 2020 that concluded in a 226% move. This new parabolic advance, if things go accordingly, appears to be much larger in scale. Will this pattern play out? No idea, but something to consider and keep an eye on. Thoughts/comments? TG
ZRX has broken the downward channel to the upside and is holding; look for a move up to $0.69 in the coming weeks. TG