The_Trading_Wizard_

The_Trading_Wizard_ Updated 

TAO has hit a key support level at $365 and is now reacting, and it could very well be the bottom. I will wait for confirmation, but it is a great level to DCA in spot if it is a project that interests you. To trade, I will wait first for the price action on smaller timeframes.

The_Trading_Wizard_

Cryptos are currently in correction mode, which could be a good time to accumulate. TOTAL3 has an interesting setup, with the next relevant support at 765B-800B, which was the previous high in March 2024, and coincides with the daily SMMA (red line). If we see a positive reaction in this area, we could at least retest the bearish trend line we have formed in the...

The_Trading_Wizard_ Updated 

Bitcoin is currently consolidating in an ascending parallel channel after a very sharp rally. The most likely scenario is that it will remain in this channel for a while longer, until it ends up breaking up with the approach of Trump's presidency. If it breaks the channel downwards, there are chances of a slightly deeper correction, and we could visit US$90K.

The_Trading_Wizard_ Updated 

The ME chart is interesting, initially there was a lot of selling pressure from people who received the airdrop, causing the price to drop from $8 on Binance to $4.90, but it then made a double bottom near $ 5 and is now showing strength and trading above the moving averages on 15 minutes timeframe. If volumes remain this high, I believe the price will rise in...

The_Trading_Wizard_ Updated 

FET has formed a symmetrical triangle on higher time frames, indicating that a breakout is coming and which will help us understand whether bears or bulls will dominate in the near future. The price is reacting to the weekly SMMA and due to the confluence with some previous supports, the $0.80 level is very strong and can support the price, the RSI is also in the...

The_Trading_Wizard_ Updated 

DXY broke the symmetrical triangle on the 1D timeframe, breaking the previous low. I believe that a bearish trend is starting in the short term, if this is confirmed it could be beneficial for the crypto market.

The_Trading_Wizard_ Updated 

TOTAL3 began forming a descending parallel channel (Bull Flag) on March 31 and has been trading within it. We recently had the third touch at the top of the channel, but it failed to break, showing signs of exhaustion indicating a greater probability of decline in the short term. I will continue to monitor, but I only believe in all-time highs for altcoins when...

The_Trading_Wizard_ Updated 

CADCHF made a triple top on the daily timeframe in the 0.67 zone, and then an impulsive downward move, showing that the bearish trend is still maintained. And this week there was a nice bearish pattern (pinbar and bearish engulfing) at the Fibonacci levels, indicating that this could be the end of the corrective movement, and that it will resume its downtrend. I...

The_Trading_Wizard_ Updated 

Jupiter broke the downtrend line initiated on April 1, making a bullish divergence in the RSI on the daily time frame and piercing the MAs with some bullish strength. Jupiter has immense potential, and I believe in US$ 1.30 in the short term, and US$ 1.80+ in the medium term, I will update the analysis over time.

The_Trading_Wizard_ Updated 

USDMXN has broken the major downtrend line with some strength and appears to be making a corrective move at the moment. (possible retest) Now we have to wait how it will react at the Fibonaci levels that converge with the retest of the bearish trendline and with our daily SMMA (Red line), if there is a bullish rejection pattern it could be a good place to open a...

The_Trading_Wizard_ Updated 

No one can be sure when the US SEC will approve the spot Ethereum ETF registration statement, which is expected to be in next few weeks. Now it's just a matter of how long the SEC wants to delay. Ethereum has been trading within a parallel channel since the beginning of the month, and is currently using the daily SMMA as support, if we break out of the channel...

The_Trading_Wizard_ Updated 

Bitcoin finally gained bullish momentum after forming a bullish divergence on the daily timeframe on the RSI and breaking the downtrend line (and SMMA), I believe we may see a correction of this movement in the short term, but most likely we will reach 70k again in the coming days/weeks. The German government has completed the sale of all Bitcoins, leaving this...

The_Trading_Wizard_ Updated 

EURGBP is in a downtrend on higher timeframes and now, in my opinion, is starting a corrective move on lower timeframes after having broken the previous low at 0.85. We will have to wait for confirmations, but I believe that we will have a short opportunity, in the retest of the 0.85 level, or higher on the major downtrendline/SMMA, I drew on the chart the 2...

The_Trading_Wizard_

NTST broke the descending trend line/2D SMMA that was holding the price since August 2021, and retested it forming a daily bullish engulfing. I will become even more bullish if the NTST price confirms above $19. That setup could give good gains in the medium term.

The_Trading_Wizard_ Updated 

AXS broke out of the descending triangle with some bullish strength, i really like the pattern on Daily timeframe, but to be perfect it just need to do the retest, but I don't know if that will happen, as the gaming sector in crypto has been performing very well recently and I believe it still is just the beginning.

The_Trading_Wizard_ Updated 

AAVE recently broke the descending triangle that had been supporting the price since June 2022. I will wait for a more significant price correction (retest), as the price is overbought and showing negative RSI divergence on the daily timeframe.

The_Trading_Wizard_ Updated 

Vite broke the down trend line on the 3D timeframe that was holding the price since April 2021, and is now trading above the MAS, which is bullish. The upside potential is high in this setup, but I will be even more bullish when the price manages to break out the resistance at 0.038 and use it as support.

The_Trading_Wizard_ Updated 

Fluxusdt is breaking out of Falling Wedge on 3D after long consolidation. I´m expecting a retest and a continuation of the upwards movement. Looks like altcoin season is here.