The_Trading_Wizard_

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.

The_Trading_Wizard_ Updated 

#GALAUSDT broke out of falling wedge on 3D. I´m expecting a pullback and a continuation of the upward movement. Big upside potential in mid term.

The_Trading_Wizard_ Updated 

HBAR has been trading within an ascending triangle for some time now and appears to be about to break out soon. If it breaks and closes above the zone marked in red in the 1D time frame, there is a high probability of an impulsive movement in favor of the bulls. (RSI overbought, pay attention to a possible correction after)

The_Trading_Wizard_ Updated 

Matic is breaking the symmetrical triangle on the weekly timeframe that held the price for approximately 2 years. If the breakout is confirmed and continues to make higher lows, I see a huge upside potential with the possible bull market incoming.

The_Trading_Wizard_

LSXMA broke the parallel channel that was holding the price since November 2022 after making a double bottom with the March 2020 low, I also liked the fact that the 2D SMMA was also broken, after having served as resistance since January 2023 and it is currently retesting it, and as if that wasn't enough to be bullish, LSXMA had a bullish divergence on the RSI on...