RainyTrader

RainyTrader Updated 

COTI has been in a bullish channel for a while now. Currently, RSI is at the lows and COTI is finding support around the $0.36 level. Hoping for a bullish reversal after bouncing off the bottom of the channel to around the $0.41 range. Buying pressure is increasing for COTI, and selling pressure is low, making it ideal for a reversal. That said, it's still in...

RainyTrader Updated 

GRT recently broke out of a descending wedge pattern, and currently its price is stabilizing around the $1.76 level. There is high selling volume from >=$1.81, so expect GRT to accumulate around there for a while before breaking higher. Of course, we cannot discount the possibility of another retracement back down, so remember to set your stop losses based on ATR...

RainyTrader Updated 

BLZ is stuck in an ascending wedge, which is good for the short term. Beware of the local wedge forming, as BLZ may have a retracement if it fails to break the local wedge's top. If not, then expect BLZ to continue following the ascending wedge. Do not hold BLZ for too long since an ascending wedge usually means high risk of a downside retracement.

RainyTrader Updated 

FTM has been in a descending wedge for a while now. Recently, it had broken out on the upside and is finding support around the $0.39 Fibonacci level. This could signal a move up if the support holds back to its ATHs. While there are no major news for FTM in the upcoming month, the fact that Ethereum Dapps can be deployed interchangeably on the FTM network is huge...

RainyTrader Updated 

TVK has been on steady decline within a descending wedge for a few weeks now. A breakout of the wedge to retest support around the $0.75 level could signal a bullish retracement. However, we face a lot of resistance due to high selling pressure all the way through up to $0.82, so the price might stay stuck around those two levels for a while as TVK accumulates....

RainyTrader Updated 

SAND has been in a bullish channel so far, and looking great. Currently, it is finding support at the $0.678 level, and looking to break higher. Watch for a retest of the $0.722 support level to confirm uptrend before entering the trade. Look to take profit at the ATH or at the resistance level of the bullish channel. SAND doesn't have much news in the coming...

RainyTrader Updated 

CHZ has been in a descending wedge for around 3 weeks now following a large breakout. Wait for a breakout of the descending wedge and make sure it finds support on the Fibonacci line before confirming the breakout. From there, we can expect a bullish run for CHZ following news in April about gaming releases and other positive news. Entry: ~0.565 Stop loss: ~0.51...

RainyTrader Updated 

KSM has been going strong in a bullish channel for quite some time now, but steam is starting to run out, with more and more selling pressure at the higher price ranges. There isn't much buying pressure either, so it will probably have a retracement before some more upside. Expect KSM to go up a little more until we hit a local top (probably won't reach the top...

RainyTrader Updated 

After the release of their trading terminal, ORN has been in a huge selloff (typical sell the news scenario). However, the retracement has been going on for longer than expected and there is still huge sell volume, causing ORN to be kind of oversold right now. According to Binance's order book depth, there's a huge wall of buy orders at around $17.4, so we can...

RainyTrader Updated 

VTHO has been in a descending channel for a while now, and recently got rejected on the top of the channel. Facing huge selling pressure, we expect VTHO to retrace back down to $0.013 to test the bottom of the channel and form a W pattern before taking off again. If it breaks the support level, then expect a drop back to retest strong support near the $0.01...

RainyTrader Updated 

AVAX has been in a descending wedge for a while, and recently just broke out on the upside. Ensure that the breakout isn't a false one by finding support on the Fibonacci line before confirming the breakout. If the bullish movement goes all the way back to the all time high, we can expect returns of around 90%. Feel free to take profits at around $45 as well for a...