MATIC has been making inverse Head and Shoulder pattern on daily timeframe and on the Right Shoulder, we observed falling wedge which flipped the local 0.5 Fib resistance as shown in the image below along with the local support and resistance levels: If we manage to flip the daily resistance, We can observe huge movement in MATIC.
BTC has broken out of the trendline and is currently facing rejection from previous support trendline along with the macro resistance present in that area/ One thing to be noted is that it has been making rectangular structure for last couple of days which is similar to the Ethereum. Rectangle usually indicates trend continuation and we have seen with Eth how it...
Bitcoin Dominance has been consolidating around 0.5 fib. We are just about to test the trendline resistance. If the trendline is broken, we can see a 50% - 61.8% correction of the recent downward movement followed by downward trend continuation. Though there is also a possibility of retesting the previous support of galling wedge. Depending upon how this plays...
RUNE has recently bounced from its daily trendline support after doing 50% correction of Impulse wave 3. It has been making Pennant on 4 hour timeframe which was recently broken upward as shown below: As you can see the opening of pennant has height of ~4.6$, which indicates upward movement of same height. The macro 0.617 Fib also lies around that height along...
TLM is one of the coin who has not seen much growth yet since its listing relative to other coins and it is still 58.09% low than its All time High (Considering the one on 2 May, since the ATH made on the day of listing was a phantom wick) It has been strengthening its structure for quite sometime and has formed a Cup and Handle pattern on 1Day time frame. The...
After a strong upward rally of ~123%, ACH has been in correction mode. Currently the micro 0.5 fib of ACH is holding as support and it has been forming a pennant. If the pennant is broken upward, we might be seeing another upward rally (possibly impulse wave 3). On the other hand, if somehow it breaks downward, there is a possibility of retesting the demand...
BTC has proven itself to be respecting the trendline as shown by Highlighted regions on chart, we have seen this trendline to act as Support or Resistance from time to time and have also witnessed a historical crash when BTC broke this trendline downward and retested it as resistance. Current situation is similar to that. We have broken down of trendline and are...
Bitcoin is currently trading at a critical level and a correction can happen anytime. Though the big question right now is that can this upcoming correction occur in a healthy way and act as impulsive wave 2 to push the prices to new heights, or will this correction turn into downtrend causing the BTC to crash ?? Drop your opinions below in comments if you want....
Fundamental Analysis: Alchemy Pay is the pioneer of the world's first payment gateway solution to bridge the gap between fiat and crypto economies. In addition to crypto payments, the gateway enables seamless and easy access to crypto investment, blockchain solutions and DeFi services for everyone, even for those new to cryptocurrencies and blockchain...
In my previous analysis on 4 hour chart, I mentioned that wave 5 extended into Corrective Waves ABC along with breaking of wedge formation downward, we are currently in wave 5. After BTC broke downward of rising wedge, we witnessed bounce from support region consisting of demand zone and parallel channel support. I am still expecting BTC to go to 51k region....
AXS is near its trend line resistance around 23. If the resistance holds then it will follow its cycle 3rd time and move towards the trend line support. Otherwise, if the resistance is broken and retested as support, AXS will pump irregularly due to the squeeze of short positions.
DOGE is currently finding hard to maintain support at 0.22 and if its unable to bounce up from this support (or does fake Bounce like before) we might be seeing DOGE at next support level @0.13 very soon or given market condition 0.014 is also possible in worst case (from where it all started)
DOGE is currently finding hard to maintain support at 0.22 and if its unable to bounce up from this support (or does fake Bounce like before) we might be seeing DOGE at next support level @0.13 very soon or given market condition 0.014 is also possible in worst case (from where it all started)
Unlike before, BTC failed to bounce back up and recover like it bounced back before, indicating that we are still in downtrend, 30K support has already been tested and in case of retest, we might be seeing BTC at ~20k soon.
We have been making rising wedge on BTC on 4hour timeframe and the impulse wave 5 has just been ended followed by sharp drop of round 2000$. Now we are heading towards correction waves along with breaking the rising wedge downward, i am expecting the correction waves to be like these.
After breaking trendline support and forming Bearish Flag afterwards, Ethereum has now recently been broken down of that Bearish Flag along with successful retest which can be seen by clear downward rejection from micro 0.5 fib level. My current target for Ethereum for now would be in 2.7k range as it has good support in that region consisting of Micro 1.618 fib...
BAL had been trying hard to break the key demand area after successfully making cup and handle pattern, though the bulls failed to keep BAL above key level area and the trendline support which has been held since 21st July has been broken downward along with printing of first LL after a long time. It would be safe to assume that after a strong upward rally, BAL is...
SLP has been making falling wedge on 4hour timeframe and has major support area around 0.155 - 0.135 $. We are currently in wave 5 for SLP . I am expecting it to boom once wave 5 is completed. My target will be around 0.32.