We continue to slump and dump with Bitcoin and we just formed an official death cross January 15th. If anything this can indicate we still have a bit more negative price action to come as we battle to hold above $40,000. Our trend remains down and we continue to register market sentiment at extreme fear. I believe we can climb down to $37,000 though our best case...
A lot of DeFi 1.0 and decentralized exchanges have been in the gutter for the past couple months and Uniswap is no exception. Uniswap has been trading below the 0.236 Fibonacci level since early December and it's only a matter of time before it starts to climb to the 0.236 Fibonacci level at $20. Uniswap is the second largest Decentralized Exchange when it comes...
We've been through this rodeo with Bitcoin many times. On a downtrend for the past 2 months and a nice 42% dump from new all time highs set November 11th. Oversold on the daily timeframes on the Stochastic RSI, RSI, and MACD showing signs of confluence. We could bet getting close to bottom soon and another parabola on Bitcoin has formed. We're still in a...
Polygon (MATIC) has been on a nice steady uptrend and doesn't show much signs of slowing down. Matic has continued to set higher lows and higher highs. Fundamentally there's a lot of positive momentum and sentiment in Matic considering their utility when it comes to NFTs, Ethereum Scaling, ZK rollup technology, metaverse, and gaming. These are all strong...
As the major go to oracle in the crypto space that powers the majority of DeFi, Chainlink (LINK) is undervalued at these levels below the 0.236 Fibonacci level at $23. We're also in a trough on the weekly RSI's meaning we're pretty oversold. Chainlink has nice steady long term growth and I personally believe Chainlink under $20 is a steal long term. Point of...
After the Metaverse wave mostly all metaverse and gaming related projects set new all times and have comedown %50 from there peaks. This was only the first wave we've seen out the metaverse sector and it is primed for heavy growth in 2022. Quality projects and use cases such as Metahero will rise with the tide. Metahero is the only project in the space that...
Clearly we've been in a bear market trend for Olympus DAO and many other DAO's. A big 70% retrace from it's swing high of $1360 Olympus DAO has been in a downtrend for the past 2 months and we're still trying to find a bottom. I personally believe we're coming close to finding a bottom for Olympus DAO and $430 may be it. However we're still on a continuation of...
Mostly every coin has taken a significant dip from this latest flash crash. Illuvium is one of those coins that crashed right back down to it's previous all time high and it's looking like Illuvium is holding it's previous all time high as support. We're starting to move sideways which indicates we may be bottoming out of this crash and accumulation is occurring...
Olympus DAO (OHM) has been in a downtrend since October 15th and now we're facing a major area of support at around $670 that needs to be held at the 0.382 Fibonacci level of $668. If we cannot hold this level then we will probably head back down to the 0.236 Fibonacci level of $475 which is not too pretty. As of right now we're trying to see where Olympus DAO...
Polygon (MATIC) is right on the doorstep to retesting its prior all time highs set back in May at $2.70. Technically and fundamentally MATIC has a strong narrative that will most likely push this cryptocurrency into another price discovery phase. Ethereum scaling, gaming, play to earn, NFTs, and the metaverse are all narratives of what MATIC is involved in. I...
Ever since Shiba Inu's historic pump we've had a nice cool off period. We're still in a steady downtrend for Shiba Inu and haven't broken out of our sloping resistance. On all of the oscillators we're pretty oversold on daily and have formed nice troughs on our Stochastic RSI and MACD. So a new wave may be in the making. A continuation this downtrend may lead us...
We're not quite out the woods yet with our current Bitcoin trend. $60,000 has now become resistance and even wicked down to $55,800. Our trend is down and now $54,000 - $55,000 will be the next major area to look for solid support! Cheers.
We have been battling for Bitcoin to stay above $60,000. Best case scenario is we grind out and stay above $59,000 - $60,000 until we get another run up for Bitcoin. Keep in mind we're in a downtrend so dropping below $57,000 could lead us down to the lower $50,000 area. Support will be at $57,000. Much peace, love, health, and wealth.
Polygon Matic has been showing signs of gaining positive momentum. We're loosing negative momentum on our MACD histogram and still have yet to bullishy diverge. On the Stochastic RSI we're formed a nice trough starting to creep out of the oversold territory. Layer 2 Ethereum scaling cryptocurrencies will be rising with the growth of Ethereum. I believe move up to...
Pancakeswap has been moving really sideways and hasn't picked up any momentum with the rest of the market. It's been trading between $17.50 - $20.50 since September 19th and showing signs of heavy accumulation at $19.00. I do believe Pancakeswap will move due to: - The growth of the Binance Ecosystem. - The meme coin community trend will continue throughout this...
The metaverse trend will be a trend throughout the rest of this decade and we haven't even left the start line. Facebook changing it's company name to "Meta" is only the beginning. Metahero is Ultra-HD metascanning technology that scans your physical body into the metaverse. You can even make an NFT of your "metaself." They're technology will revolutionize the...
SAND has had an amazing pump and interestingly most of the price recognition is occurring at $2.65 cents since the pump. point of control is at Aside from Decentraland (MANA) The Sandbox is the premier Metaverse with many partnerships and even celebrity social recognition. Only a $2,344,562,929 Market Cap at the time writing. I believe SAND will continue to...
Not the worse change of trend for Bitcoin. Not surprising after a new all time highs Bitcoin cools off a tad. It's cool to see that most of the price recognition for October has happened at $60,000 - $61,000 serving as the point of control (POC). Since we've hit new all time highs the trend has been pointing down. We've really been flirting trying to hold support...