SilasMorerwa

SilasMorerwa

Let me first begin by stating that Bitcoin is still in a healthy state. I took time to zoom into the micro levels of the bitcoin charts to find out what is going on in the more immediate term. Just as a follow up to my previous chart which (I will link at the bottom) that there seems to be a push for a further 8% dip to the $40/41K levels. The market is in a...

SilasMorerwa

It is all good and well when the markets are good and things are going great to be positive and look at charts in our favor. This time around things are beginning to look a bit more tricky and the market is beginning to show some bitcoin reversal sentiments as the altseason continues. The good news is that we are still in a bull market that has slowed down for...

SilasMorerwa

A lot has happened in this past week and just taking a moment to recap. Technically, the charts are still looking incredible to wards the $1 breakthrough. Not much has changed looking at my previous DOGE charts. I think we may see the price of Doge at $1 by end of may. Fundamentally it has been strengthened by Elon Musk's poll as well as his recent tweet to work...

SilasMorerwa Updated 

The NASDAQ (Nas100) is looking great to reach new record highs to 15 000 over the coming month or two. The market has just broken the bullish flag of a 3rd wave count in the Elliot Waves structure which is an indication that the market stands at a higher probability of breaking through the current all time highs to new price discovery territory. With Coinbase...

SilasMorerwa

Is the $1 $DOGE threatened? In my opinion, Dogecoin is still in a healthy state as we have seen similar characteristics in the most recent $DOGE rally doing a 60% pullback until this most recent run. This recent 40-50% drop is only the beginning of the next accumulation phase for the $1 DOGE valuation. Yes I still hold firmly to my analysis, only difference...

SilasMorerwa

What used to be our first target area has now become a beautiful buy zone supported a fully fledged bullish flag. It is now the perfect time in the perfect storm that $DOGE may see the $1 valuation by this weekend. This is coupled with Elon Musk's much anticipated Saturday Night Live's (SNL) interview on the 8th of May 2021. These could be the perfect...

SilasMorerwa Updated 

The classic meme coin, the favorite DOGE looking very good to begin the next rally. The feeling around the community is that DOGE is a $1 coin. The technicals are finally in alignment with the market sentiments and fundamentals surrounding the darling of the crypto market. Love it or hate it, this coin has proven more resilient than most robust...

SilasMorerwa

Despite the deeper push to the downside of the market, it appears the market is now searching for a bottom and were tracking the momentum downwards. The updated chart looks very good for an imminent reversal with the altseason in favour of the altcoins. For a small cap with just over $1 Billion market cap, a 10X in Market cap is not impossible to imagine in this...

SilasMorerwa Updated 

$SKEY has fought its way out of the danger zone and ready to go to the moon. I am expecting a short pull back into the intraday buy zone before the next phase of a rally. This token can explode to make gains of at least 100% in this month.

SilasMorerwa

Binance Coin, the recent darling of the market has just broken and retested a key resistance now support to prepare for the next rally upwards into price discovery territory. Fundamentally there are many calls for BNB at $1000 valuation and could potentially spring up further than the actual call. The market sentiment seems to correlate with the fundamental calls...

SilasMorerwa

The Altseason could see many crypto projects sky rocket in this month. Many Altcoins are ready to explode into new highs and that doesn't exclude the AIOZ Network. This chart clearly shows a market that has bottomed from it's lows and establishing new highs with t he expectation that it could reach its ATH which is just 300% away from current price levels.

SilasMorerwa

The days of gloom lie ahead for the South African economy. Very optimistic for a South African citizen right....? NAH! Let me begin with a disclaimer: firstly I am a proud South African citizen and secondly I'm a Market Technician by profession. My job as a Technical Analyst is to study financial instruments or charts using time tested principles to deduce an...

SilasMorerwa

Bitcoin has respected has respected the age old resistance rooted established in December 2017. This resistance has paused the recent momentum that pushed the price of BTC to slightly over $10 000. coinmarketcap.com data on the 11th of June 2020 has shown some interesting cryptocurrency movements: 1. Tether (USDT), a cryptocurrency that is pegged 1:1 to the US...

SilasMorerwa

The multi-year accumulation above the long term bullish reversal patters is showing signs of a potential 35% rally to challenge 11 year old highs. EURNZD has seemingly displayed the characteristics of a sleeping giant for approximately 3 years. This is a market definitely to look forward to witnessing it's unfolding. Even sleeping dogs can only lie so long.

SilasMorerwa

With the current global pandemic (COVID-19) causing a lot of uncertainties in the market. Gold is perfectly positioned to break the 1900 all time highs of 2011. Any break above the 1900s will potentially send gold to a new trajectory to reach new record highs of $3000 an ounce. Though still trading in bear territory, it would be interesting to see if the Gold...

SilasMorerwa Updated 

Taking a close look at this instrument for a bit. It would be interesting to observe the turnout. Having made the 1st low since reaching the high already shows symptoms bearishness.

SilasMorerwa

Before getting too excited. The bitcoin rally may have found the final resistance before the big bull run. Just one more hurdle before it could be set free. This resistance could find Bitcoin take a brief retracement before the next attempt to break the last resistance.

SilasMorerwa

The bitcoin bull run has one more hurdle to overcome. It found the final resistance to break before the official bull run. This resistance could potentially push the price of bitcoin to around $4074 for a short retracement before the next attempt to break the resistence.