evasivesteering

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ONT has been forming a Wyckoff accumulation schematic. Spring/Test phase is on-going with good buy volume (see the last candles). As a result, a short-term setup is in chart. I put also mid-term targets when this accumulation finishes: $0.4 and $0.7 are possible ones.

evasivesteering Updated 

BTC prices have been moving in an expanding channel. I enter a Long here with target around $32400 and stoploss at $29000, hence R:R=3:1. This is a very short-term and a risky trade. Otherwise, my mid-term view does not change: BTC is possible in an distribution (see link below). Understanding Broadening Formations Broadening formations occur when a market...

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LUNC has been in a descending channel since September 2022, almost 9 months. It prices have been trading around $0.00009 for 45 days. Below this zone, there is no historic buyer/seller. When looking at the volume, one can see a very big buy pressure w.r.t before. Volume indicator CMF is about to break its resistance trendline (on 3D TF). This would trigger or...

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Polygon network, a layer 2 scaling solution for Ethereum, uses a combination of technologies to achieve its goals, including sidechains, Plasma chains, and state channels. These technologies enable faster and cheaper transactions, as well as improved scalability, while retaining the security and decentralization benefits of the Ethereum mainnet. MATIC is a...

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Hi all, The last trade with PEPE was successful with 60% up (see link below). Here is my plan for the next days/weeks to come. It's a potential LONG setup. With this one, I expect prices will deviate from the current box, to the down side. It will be an opportunity to enter. Let's be patient! What do you think about this plan and what will be yours? Have a...

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Altcoins had made a good recovery since the begining of this year. However, after touching the resistance of the current descending channel in mid April, altcoins have continued to correct. This correction was also confirmed with the rejection of CMF volume indicator by its trendline. This week, the MA200D was broken down. This means that bears are controlling...

evasivesteering Updated 

PEPE has lost 80% of value since being listed. Today, with the rise of BTC, PEPE is at the breaking point to escape the descending broadening wedge pattern. On 12TF, the volume indicators CMF and MFI had already broken their trendlines. This implies that buy pressure has increase slowly and possibly the local bottom is set. A trade setup is as in chart with...

evasivesteering Updated 

Hi all, In accordance with my previous mid-term analysis for BTC (see link below), here is what I'm think about BTC's moves the next days to come. It's just a possible scenario (among others) where BTC is forming an distribution pattern following wyckoff method. But I have a preference for this one. What do you think about it? All the best!

evasivesteering Updated 

MANA/BTC pair has been in a descending channel since Nov 2021. Prices are touching the support trendline and are also at the historical ATL for the third time. Two previous times when being at ATL, MANA had made 100% and 700%. What will happen the next day/weeks to come? Any catalyst to push the pair up?

evasivesteering Updated 

TOMO is among the cryptos that has performed very well this year, with 600% up. The trendline (in 1D TF) since March 2023 still holds. However, TOMO has shown some signs of weakness when its price has been rejected by the local high around $1.7 I see that a distribution (following Wyckoff method) is possible on going. As a reason, a proposed set-up is as in...

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Let's make it simple: the total market cap is still in a big range since May 2022. The range's low was marked in December 2022. The range high has been confirmed recently in April 2023, almost a year after the whole market entered in this darvas box (May 2022). This week, the mid-range (Fib 0.5) was revisited. This level is also where the MA200D is found....

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AGIX has bounced 45% since the begining of May but it is stuck under resistances: EMA 50D, Fib 0.238 and the upper trendline of a falling wedge. For this reason, a Short set-up is proposed in chart.

evasivesteering Updated 

IMX has formed a Wyckoff Distribution Schematic 2. It is likely that the phase E (leaving the distribution area) is happening. Actually, IMX price has been in a falling wedge since the local high (around $1.6 in mid March). It's an organic sell. Currently, prices are consolidating below the MA200D which is superimposed with the Fib 0.5 and also right below the...

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MASK has been bounced from the trendline support (starting from the beginning of 2023). 7 It is now breaking the local trendline and would speed up if BTC would bounces from the CME gap ($26500). A referenced set-up is in chart with SL (red line) and final TP (blue line). Fibonacci levels would be used as intermediate TPs.

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I'm Long on KAVA here. Although prices are under the trendline resistance, huge buying volume are saying something. It seems like people have been accumulating KAVA. Actually, mainnet launch is imminent. A referenced set-up is in chart with TPs (in blue) and SL (in red).

evasivesteering Updated 

Since the beginning of this year 2023, BTC has been outperforming the rest of crypto market (in average). Last week, we saw that BTC has really accelerated and left alcoins behind. Is this trend continue? When will be the turn of alcoins? Today, we can see that some big cap alcoins like XRP, ADA (and even ETH) has started to pump and outperformed BTC. Is it a...

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OP prices are right above the long-term trendline. The price action is quite interesting with a possible accumulation pattern following wyckoff method. Proposed targets (blue lines) and stop-loss (red line) are in chart.

evasivesteering Updated 

Prices are at strong support: The trendline support and the Fib. 0.5. With CPI news, APT is bouncing with the whole market. A referenced setup is as below: TP: $9.8 and $13 SL: below $7.6