MACD & STOCH RSI POSITIVE LEGAL DISCLAIMER :
This is NOT AN INVESTMENT ADVICE ! It is intended to be used and must be used for informational & educational purposes only. It is very important to do your own analysis before making any investment based on your own personal circumstances. You should take independent financial advice from a professional in connection with, or independently research and verify, any information that you find on our Website and wish to rely upon, whether for the purpose of making an investment decision or otherwise.
ALT
ALTCOIN dominance (Y20.P4.E1).MACRO.Bullish.Can't be ignoredHi All,
I saw someone tweet this yesterday as the weekly chart and he makes a good point.
Its what many of us have been saying, at the macro level.
It also looks like when you see many Alts hitting their 0.618 or more retracement level with some already completing the reversal bottom pattern.
Its good to see it from another perspective, like this chart. It can't be ignored.
Cheers,
S.SAri.
ALTPERP next movesALT-PERP tracks the price of a basket of altcoins, using a weighed average of the prices of ETH, EOS, XRP, BCH, BSV , LTC, and BNB. Get exposure to 7 different coins with one future!
***
Correlation with RSI , Stoch , Elliott Waves , Fibo, Support and Resistances giving me more precise areas with Accumulation and Distribution by the Richard D. Wyckoff.
Make sure you understand the risk and use proper risk management.
Correction wave number 4 is probably currently forming.
I am waiting for the end of wave B.
ETHUSD - Waiting for the dust to settleCryptomarket dumped today together with SPX500 and gold COMEX_MINI:MGC1! .
Currently price is near the long-term support ~$330 (have deep bids in this area), not sure that we bottomed yet, waiting for a couple more candles for confirmation.
Hit the "LIKE" button and follow to support, thank you!
Information is just for educational purposes, never financial advice. Always do your own research.
TOTAL MARKET CAP (Y20.P4.E1).Correction still playing outHi All,
I thought I have a look at the total crypto market cap and see what's going on.
Here are my thoughts:
OBSERVATION:
==========================================================================================================
> WEEKLY chart: price action has so far found support and holding which has confluence with the weekly 21 EMA;
A retest of the support line? The Phoeix has downward pressure however a deep pullback is not expected based on the green and red RSI positions;
> Daily chart: support found on the daily 100 EMA as well as the 0.5 fib retracement although 0.618\0.382 fib looks more likely to be the area of most demand = 290 Billion
The MACD has a bearish tone as well with the downward projection. Watching this space of the MACD and Signal merging will give us a clue if there is a bounce coming for the total market cap or a rejection.
> 4 HRLY chart: indicators show downward pressure and the formation looks like a bear flag;
THOUGHTS:
==========================================================================================================
The correction pullback is to continue with downward pressure however not deep and hence the likelyhood of the macro uptrend is intact.
The daily MACD is likely to not cross over based on the formation of the price.
Looking at the ALTs, it seems many have downward pressure and looking like a bottom reversal formation is taking place, some having more to drop, others staying at their 0.618 level.
It means we are likely to be here for a while and able to buy back crypto at a cheaper rate.
If you review my SP500 post, this also translates with BTC. Hence my opinion of BTC going to the low 9K's is still valid.
Also BTC dominance chart can support this thesis as well.
The SP500 and Gold charts do as well.
Please give me a tick or like for this post.
Regards,
S.SAri.
WEEKLY Chart:
DAILY Chart:
4 HRLY Chart:
DOT (Polkadot) - The levels I look atThe fall of the crypto market did not bypass polkadot either. After losing $5.5 resistance it keeps falling and currently testing $4.5 support. If we close below the next target is $3.8.
The worst case is that the whole pump will be retraced and we'll back to $2.5
Two setups I see here:
* Scalp short from the previous support break at $5
* Scalp long from ~$3.8 area
Hit the "LIKE" button and follow to support, thank you!
Information is just for educational purposes, never financial advice. Always do your own research.
XRP 4hr bullish chartXRP looks strong vs BTC in short term which can translate into long term strength as well.
Read my last XRP chart where I called the bottom for XRP, if you want fundamental analysis.
RSI is neutral, MACD histogram is showing selling pressure subsiding, MACD is giving us a buy signal. EMAs are starting to tighten, XRP should do well against BTC and USD value should increase! I usually give more analysis but I am busy today.
If you don't know about FXRP (XRP fork) then you should look it up on the interwebs :)
Matic Network looks strong VS BTC.Matic has ranged for a while and things are starting to heat up, let's take a look.
Matic bulls are pushing against the resistance of the .236 of the down fib (red line), while all the indicators look amazing. The RSI hit 26 on the 27th of July, If you look at the charts history Matic usually bounces well off of the 30 RSI area and as we can see it looks to have currently. The MACD histogram shows that selling pressure is subsiding and that we may have a bullish MACD cross very soon. The Stoch RSI is pointing up and gave us a buy signal recently. So basically the indicators look great and Matic may be looking to lead BTC now in the dance of the red and green sugar dildoplum fairys .
If Matic starts outperforming BTC that generally would mean the price of Matic will also increase, especially in this market. As you guys know I posted a long term 1W chart for Matic and I believe that we will be headed for .043 cents area very soon, then towards .08 cents after.
This month is extremely bullish for Matic, obviously you know Matic Mainnet and staking was initiated, so Matic's fundamental foundation has been established. Now Dapps can onboard directly to the mainnet and experience the superior scaling features everyone has been raving about. These dapps include powerful and well known gaming dapps, ultility dapps, DeFi dapps, and ecosystem dapps (Everything you can wish for). These dapps are migrating from huge competitors also, such as Tron and Loom, not to mention from the Ethereum base layer, so obviously Matic has it going on. DeFi is huge right now so I can't wait to see the other DeFi dapps that will be deploying very soon, also we know StaFi a Defi Dapp is saying they will contribute their governance tokens to Matic stakers which is huge. In other news we also see that Matic Exchange staking is going to be initiated very soon and that rumors of tier 1 level exchanges look to onboard Matic soon (huge!!). Matic recently submitted their solution to Reddit in hopes of capturing Reddit as the next main stream Dapp to deploy to the Matic Network (Huge!!). Matic truly benefits from the India factor as it is the main and most powerful project coming out of India as India begins to blossom into the next blockchain hub if the world. 80-90% of dapps in India are said to be in talks with Matic and speculation alone could trigger Matic to go parabolic.
(Crypto Secret Circle Youtube name) In a YouTube video I made recently I explained how Matic could reach $1-4 conservatively in the next bull run, it has plenty of research backing my thoughts so it is a must watch video.
None of this is Financial advice just my opinions, just know that Coinbase invested in matic early and Coinbase custody offers Matic. Binance launched Matic as an IEO , and smart money seems to be talking about Matic in very hushed tones. This could be as close to a Matic/ BTC bottom as we can ever get again.
EOS: Long Term Bullish Setup 1W (Jul. 26)X Force Global Analysis:
EOS has been at a phase of consolidation near all time low support levels for the past few months. In this analysis, we explore a bullish case for EOS based on technical analysis.
Bullish Evidence
- To begin with, we can spot a potential bullish Adam and Eve reversal pattern, with a neckline around 7.8 USDT
- The Relative Strength Index (RSI) shows signs of strength as it creates higher lows
- The Stochastic Oscillator also shows higher lows as a sign of trend strength
- The bollinger bands are narrowing, which is normally a sign prior to a big movement taking place
Bearish Evidence
- However, the Moving Average Convergence Divergence (MACD) shows a lack of momentum through its weak bullish histograms
- EOS is also yet to break out from the descending trend line resistance marked by the dotted white line
- We are currently trading below the Ichimoku cloud, indicating the current trend is bearish for now.
- Further confirmation after a breakout is necessary for the validation of this scenario
What We Believe
In short, while there are a number of bullish evidence marked by technical analysis suggesting a probable bullish case, the bearish evidence suggests that further confirmation is required for a long term bullish setup.
Trade Safe.
COMP.BTC (Y20.P3.E1).Keep an eye on itHi All,
This one is odd one to TA, COMPOUND as a newly introduce Defi, and trying to get the right level is all guesses, however its a challenge and if one keeps an eye on it, you never know when it will explode up.
Recently I read a news article giving it favorable reviews.
"Compound’s New Custodial Wallet Could Spark Institutional Interest in DeFi"
Key Takeaways
> The most used DeFi lending platform, Compound, has integrated Curv—a digital asset custodian focused on institutions.
> For now, only deposits are available, but Curv has plans to enable borrowing later.
> Though the Compound-led decentralized finance (DeFi) sector is rapidly growing, it’s still very small compared to the traditional multi-trillion financial services industry. This may soon change, however.
In the realm of near-zero and negative interest rates, decentralized platforms present more attractive yields than traditional fixed income instruments.
For instance, the most used DeFi lending platform, Compound, offers users over 2% yield on stablecoins plus additional income in the form of the protocol’s governance token, COMP.
Buy the rumour, sell on the news!!
Its a difficult one but one needs to be aware of any opportunities.
Cheers
S. Sari
15 Min time frame
ONTBTC - Aiming to test 10k sat levelOntology looks interesting here, good volumes last months, steady rising up. Everything points to another test of strong 10k sat resistance level.
But it currently trying to pass monthly resistance here (purple line). If this succeeds, then the next goal is 0.0001 resistance.
Hit the "LIKE" button and follow to support, thank you.
Information is just for educational purposes, never financial advice. Always do your own research.
Matic Network the sleeping giant!Matic EMAs are bullish in fact the 21 just retested the 50 1D EMA, all the other indicators look just as amazing. Stoch RSI is erect, MACD has crossed over and is bullish, RSI is erect and pointing toward the moon. Matic printing a huge ascending bullish triangle.
Matic tokens have been moving into staking lock ups, less supply in the market to keep the price down. Matic has finished their Mainnet and Dapps are flooding over. Chandresh, head of marketing and Strategy has hinted that something big is coming for Matic holders. Ethereum needs Matic to enable mass adoption.
So much more to come. .04825 first major target .08350 major break out of the ascending bullish triangle.
Aztec the Eye
Take the Profits w/ ALT and ShortFirst off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. The bull run went too high in my opinion and the current wedge looks like it can receive some steep resistance. I think right now it is at a good level where it is a better idea to not try getting too greedy because just as it went up really high, it can also come crashing down steeply as well. Anyways, proceed with caution. If you like this, it is probably less risky to sell and than rebuy at the dip rather than hold long at this current level.