Sparkster

Sparkster

Chart analysis is not a pinpoint accurate science... but there are big picture principles that help. We previously noted the candle ranges during the stopping action that occurred after the big drop in early September. That allowed us to project a trading range which, as you can see, is now acting as a point of support today. A break below would be a...

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Charts are looking bearish with a big general market drop becoming more likely. Zil is struggling to reclaim support which means resistance is mounting. MACD is pushing down with the next support level shown at 30% below current prices. SparksterSignals for BTC and ETH help paint the big picture for market volatility. Check out the link below. Note:...

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Looks like another major 'red day' appearing for the alts... LINKUSD is currently breaking below a support level which means a drop to $5 area becomes possible. Traders will be looking for consolidation BELOW the support level near-term, preparing the market for shorting opportunities as the downward rally continues in the coming few days. Strong buyback in...

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Vechain failed to break resistance and now faces an extended tumble based on ETHUSD movement. A whopping 40% drop for VETUSD seems plausible. Other coins may be in a similar boat... Note: SparksterSignals (including our technical analysis and our algorithmic backtested signals) are not provided as financial advice.

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Quite a significant decline in ETHUSD back to the red trading zone. A drop to the bottom of the red zone will be a critical moment for traders as many take short position aiming to profit from another flash crash as low as $290. Best case scenario is that ETH bounces right about where it is now to stay in the orange zone and recover back to $380 for yet...

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We are still watching ETH like a hawk during this time. Following our previous days of analysis, ETHUSD is back above $380 and as seen right now on the 4-hour price action has fallen back down to rest on our horizontal level. If it holds. If we get a gust of wind to help carry ETH upwards to maintain this level as support, we could be set up nicely for a clear...

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Team Sparkster doesn't usually visit the 15-minute time-frame. SparksterSignals don't normally achieve high expected ROI due to the random-walk volatility at that granularity. However... the market is at a major cross-road to decide if the 2018/2020 bear trend is truly over... or if the market is still weak as short traders take advantage of FUD and push prices...

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Right now looking at lower time-frames we see ETH making another attempt to move above the long-term key horizontal level at $380. We've mentioned this level many times in recent analysis. Above $380. We're bullish. Below $380. We're bearish. If the current test fails, the market sentiment may turn sharply negative — as price falls to our bad case scenario of...

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In this ETHBTC chart we see 2 contributing factors: A horizontal level at 0.04 which price touched a few weeks ago. That level is confirmed resistance. There is a clear trading channel since the covid crash low which began the uptrend, which ETH has reached the top of in the past month and failed to break through. This suggests ETH will drop...

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ETHUSD did rally 6% as projected in our previous analysis and is now showing signs of the $380 level being rejected. A drop back to the previous consolidation range (red box) may lead to a significant drop of 20% all the way back down to $290. This is happening while BTC is showing signs of strength above support. In our next analysis we'll look at ETHBTC...

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If BTCUSD continues to rise, some alts will falter, some will thrive. DGBUSD had a significant price correction and is now finding support. A break above the red horizontal will signify to bots and traders that a 60% rally could be on the cards for Digibyte. Note: SparksterSignals (including our technical analysis and our algorithmic backtested signals) are...

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Price appears to be finding support above the long-term horizontal stretching all the way back to the 2017 All Time High... as well as a key horizontal level. This forms the 'test' of previous resistance, setting the foundation for a strong rally that moves us up to the $14,000 level for BTCUSD. MACD momentum is also crossing over both the MACD signal line and...

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Price action has moved up from the previous consolidation zone and may now be preparing for a push above the significant $380 level which we've covered in the past few analyses: So far on the 1-hour time-frame, MACD is moving up, price is forming a typical consolidation pattern, price is also above the 1-hour Ichimoku Cloud. We'll be watching closely...

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Using 'crypto settings' (20, 60, 120, 30) for Ichimoku Cloud we can see an interesting formation on the 12-hour chart. Wicks have failed to close below the bottom of the cloud. That suggests a good level of support at that price point. MACD has turned up with price action now moving above the consolidation range of the past few days. Following yesterdays...

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A climb back to $360 would show a breakout of the past few days of price action and the mid point retracement of September 5 down candle. Traders would look for intra-day scalping opportunities from $360 up to $380, a 6% move. From there we can expect another minor sell-off as traders take profits and test market sentiment. A move above that $380 level any...

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Cutting straight to the chase, ETHUSD needs to get back above the $380 level of support/resistance before the long-term technicals turn bullish. Not only is this weeks candle under the great pressure of last weeks down candle, but the MACD histogram is pointing lower with a possible bearish MACD line cross-over coming soon to. Short term traders will look for...

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The relief rally yesterday is turning back down, with previous support level now acting as significant resistance. A 15% drop is feasible based on the long-term technical market structure. Long-term position holders face a difficult decision, whether to exit BTCUSD and wait on the sidelines for a possible drop... or hold through the volatility. Short-term...

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Traders without a solid game plan may find 'buying the dip' to be an emotional rollercoaster due to current volatility. Take VETUSD as a case in point. As of publishing this chart VET is up 12% on the day. An amazing rally. However look at the overhead resistance that may stop Vechain's advance, setting it up for another major drop tomorrow (as much as a 40%...