Hi everyone, It looks like Avalanche is currently trading with a triangle formation. The main bullish trend we are looking at is likely to continue We are still waiting a solid breakout that can be confirmed with the right price action and volume . After breakout, potential resistance can be found near the fib. cluster setup as highlighted in the chart. Breaking...
Hi everyone, Today we saw Cardano breaking out its ascending triangle formation after a consolidation period of nearly 2 months. If ADA manages to stay above the structural formation, other important levels can be tested. Potential target points are mapped on the chart. 🌜 If you enjoy this idea, please like and leave a comment 🌜
Hi everyone, Looking at the Daily chart, we can see that AVAX is preparing itself for a nice breakout. At this moment the relevant price action and volume look promising. I remain very bullish on this strong project! Strong fundamentals: > Apricot Phase-two implementation > FAST-growing smart contracts platform > Avalaunch (XAVA) launch > Spore Finance...
Hi everyone, Looking at the 4H timeframe, GRT seems to found support after a strong bearish move As GRT was slowly recovering a possible inverted H-S formation caught my eye. When the inverted Head-and-sholder structural development rightly completes other important levels can be tested as highlighted in the chart. In case we manage to break and close above the...
Hi everyone, Two days ago we saw AVAX testing and failing its support trend line. The break-out to the bottom side was confirmed when retesting the support trend line that acted as resistance. When looking at the price action, bearish signals were in play (shooting start & engulfing candles). As highlighted in the chart there is a possibility to fall lower to...
Hi everyone, The last couple of weeks ROSE has formed a massive triangle formation. The main bullish trend we are looking at is likely to continue We are still waiting a solid breakout that can be confirmed with the right price action and volume. After breakout a potential retest of the ATH is in play Fundamentals: > Cobalt network upgrade (April 28th) -...
Hi everyone, Looking at the Daily chart, we can see AVAX is printing higher-lows continuously within its formation and found, once again, support on the EMA 50 as well. These are good signals. We are still waiting a clean break out that can confirm the next leg up. Strong fundamentals: > The Graph partnership, bringing subgraphs for developers > ...
Hi everyone, After a HUGE rally that lasted untill the end of March, AUDIO is catching his breath and preparing for the next move. Looking at the 4H timeframe, AUDIO corrected untill its 60% retracement and has developed a descending-wedge formation. We are currently waiting the conclusive price-action and volume that will validate a breakout above the boundary...
Hi everyone, We are currently looking at the Daily chart of Algorand. There is a noticable price action within the current trend: > Breakout A Trend often starts with a strong breakout in combination with the right volume (see beginning of January) > Channels and structural formations After a breakout, the trend is situated within a channel where relatively...
Hi everyone, Cardano is currently in a consolidation phase and is forming an important formation with higher lows. When ADA manages to stay within its structural formation and is able to move above the upper-boundary of the bullish ascending triangle then there is a great potential we can complete a bullish breakout. As usual a combination of good volume and...
Hi everyone, Looking at the Daily chart, ROSE found once again support on the EMA50 and is almost ready for the next leg up. We keep being bullish on ROSE as it will continue to grow! Target point mapped on chart: > TP1: $0,206 (0,618 Fib.) > TP2: $0,32 (1,618 Fib.) Fundamentals: > Partnering with DarwiniaNetwork (cross-chain bridge) > Oasis-ETH ParaTime...
Hi everyone, Looking at the 4H timeframe, after a strong bearish move when hitting its ATH $2.88 in Mid. February, GRT seems to found support at its 0.618 Fib. retracement (~$1.25). In case we can hold the grey trend line as support, other important levels can be tested as highlighted in the chart. As these corrections are normal market cycles, I am still bullish...
Hi everyone, As many other altcoins REN is going through a consolidation phase where higher lows are being made. REN found a strong support with the EMA50 (Daily timeframe) and is on his way further completing the ascending triangle formation. When a strong enough bounce from support area is realized a potential bullish break-out is feasible. As always, we want...
Hi everyone, Avalanche is currently in a consolidation phase and is forming an important formation with higher lows. When AVAX can realize a strong enough bounce with it's support line within the ascending traingle formation and AVAX manages to move above the upper-boundary we can complete a bullsh triangle break-out. A combination of good volume and right price...
Hi everyone, AVAX managed to print a solid bullish break-out up to $36. The strong volume combined with bullish price action can confirm this. Looking at the chart AVAX succeeded to print a higher low. These indications inform us that AVAX will continue to grow. Target point mapped on chart: > TP1: $36.6 > TP2: $45.5 (strong resistance) > TP3: $60 In case we...
Hi everyone, Looking at the 4H timeframe, AVAX seems to found support after a strong bearish move when hitting its ATH $60 in Mid. February. As Avax has managed to somewhat stabilize in it structure a possbile formation caught my eye. When the Head-and-sholder structural development rightly completes other important levels can be tested. In case we manage to...
Hi everyone, - After a rough pullback AVAX is testing the trendline - Only bullish after trendline break in combination with good volume Please like and leave a comment This is not financial advice
Hi everyone, It looks like REN is in a situation were it can take off. We just need to wait when the volume kicks in. Target points are marked on the chart: > TP1: 1,12$ > TP2: 1,33$ > TP3: 1,67$ (possible) After confirmation of a clear break-out, new ATH's will be made! Please like and leave a comment Happy trading. This is not financial advice Previous...