LA_Designer

LA_Designer Updated 

I've seen quite a few people going all in as the price was going down, but the truth is, LUNA may not be finished falling. We don't know where the bottom will be. If you are going to risk this EXTREMELY volatile trade, dollar cost average at the previous floor price zone. As price goes down, you can increase your amount incrementally. Also, pay close attention...

LA_Designer Updated 

I'm posting an update on LUNA since my recent post shows that the .786 fib level did not hold. I am looking for a possible entry at the support zones shown above. Zone #2 must hold, or LUNA will be in big trouble. Be VERY careful trading this since things have been volatile with recent news. Always have a stop loss on your trades to minimize your risk.

LA_Designer

With the recent capitulation that LUNA just had with the rest of the markets selling off, this is the first time in over 2 years that the daily RSI has hit level 20. LUNA has tapped the .786, and if this zone holds, it could see a nice run up back to around $48. If support fails, then $20 would be the next target down. Be cautious with all the fear and...

LA_Designer

This 2-day chart for Bitcoin is starting to show a lot of similarities. Both patterns are showing bullish divergence on the RSI with a sideways range that lasted 3-6 months. If BTC breaks the $28K support zone, then this idea is invalidated. Until then, I'm not coming to any conclusions until we get a clear direction where this is heading.

LA_Designer

On the 3-day chart, Bitcoin has not reached an RSI of 28 since March 2020. The RSI rarely ever falls to these levels. In the past, when Bitcoin fell below the 200 SMA on the 3-day chart, it typically lasted between 1-6 months. What I am looking for is either a hard bounce off of the psychological support of $30K, or a capitulation below that with high volume....

LA_Designer Updated 

After over a 150% pump in less than a month, APE has just retraced to the .786 fib level. It'll either bounce from here back to the .618 or down to its original support level at $10.

LA_Designer Updated 

Lower macro highs with a rising wedge on the INVERTED daily chart. Usually that leads to downside...

LA_Designer

AVAX is about 60% down from the all time high in November. Currently, there is strong support between $46 to $60. This demand zone must hold and bounce above the main trend line for another bullish run up.

LA_Designer

BTC is developing a POSSIBLE falling wedge pattern with bullish divergence on the daily chart. Also, DXY is looking like it might top out soon since it is nearing heavy resistance. If the DXY gets rejected, the dump will cause money to flow back into the markets. If BTC dumps below the local support zone, this pattern is invalidated.

LA_Designer Updated 

BTC currently has local support at $38.5K and would either double bottom in this range for a move up, or fall to the next support near $37K. BTC has also made higher highs and higher lows since January 24. POC is at $42K for this range.

LA_Designer

As I stated in my previous post, BTC has been bouncing between the 200D & 600D SMA. If BTC can get above the 20D & 50D SMA (yellow + orange), it may contest the 200D once again.

LA_Designer Updated 

BTC has been bouncing between the 200D SMA (blue/orange) and the 600D SMA (green/red) for the last 4 months. The last two weeks, however, BTC has touched both, with the 200D SMA acting as resistance, and the 600D acting as support. BTC has not fully closed below the 600D since March 2020. In addition, the 4H, 6H, 8H and 12H RSI have not been this low since...

LA_Designer

GALA is looking very bullish, despite its massive 80% correction. We can see that the bottom trendline has been holding since September 2021. Assuming that the main trend line continues to hold, I've included the price ranges from where it bottomed in January 2022. GALA is a strong contender in the Metaverse space, backed by a great dev team and founder. I...

LA_Designer Updated 

Let's have a look at the INVERTED BTC chart again. Does this chart look like it's going to explode to the upside or collapse to the downside? On the INVERTED chart, we have lower highs and lower lows on the daily/weekly. It is looking to me like it is about to collapse toward the bottom of the channel in the coming weeks. Feel free to share your thoughts and why...

LA_Designer

When I think of JASMY, I think of a beautiful woman that has broken so many hearts. No matter what price you bought at, she kept going lower, and lower, and lower. After a 300% pump in just over a week, it seems that JASMY may have found a potential bottom after breaking a major downtrend. Major resistance is around $.065 due to it being previous support. If...

LA_Designer

ETH has been ranging in this triangle pattern for around 53 days. It is finally showing signs of a potential breakout. RSI is showing the same on the daily. S&P 500 had a nice break to the upside as well recently, which tells me that confidence is starting to come back into the markets in the short to mid term. Local resistance charted above around $3,050 and $3,200.

LA_Designer

Log scale shows a massive pennant forming for GALA. If the lower trend line holds and BTC remains bullish, there is a possible bullish breakout that could be coming in the next few weeks. Invalid if the lower trend line breaks. Major horizontal support around $.18

LA_Designer

I like to invert the charts sometimes for a different perspective. We can see that on the inverted chart, GALA was in a massive rising wedge for about 75 days, broke down, and looks to be in another possible rising wedge. It'll be interesting to see where GALA is later this year. Happy trading :-)