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Altcointrading

Cronos: Too Hot 🥵Actually, Cronos had already been hot on the heels of the resistance at $0.1580 – maybe too hot because after finishing wave (B) in yellow there, the altcoin has jumped into the turquoise zone between $0.1330 and $0.1211 to cool off. Here, it has completed wave (C) in yellow as well as wave ii in turquoise, so that it should move upwards now, heading for the resistance at $0.1580 again. This time, though, Cronos should surmount this mark, thus confirming the ascent. However, there is still a considerable 45% chance that Cronos could drop below the resistance at $0.1161, which would then lead to further downwards movement.
COINBASE:CROUSD
by MarketIntel
1
Quant: Climber 🧗‍♂️Quant has continued to climb upwards, even making up for some countermovement. Now, the altcoin should press on to reach the upper orange zone between $132.40 and $169.81, where it should complete wave (i) in blue. Afterwards, we expect Quant to start a noticeable countermovement, thus dropping into the blue zone between $90.07 and $51.44. This could provide a new opportunity for market entry, as the altcoin should rise again after finishing wave (ii) in blue. So, no need to worry about missed chances!
BINANCE:QNTUSD
by MarketIntel
3
Avalanche: Baby One More Time! 🎤Britney Spears’ voice seems to sound in the background, singing “Hit me, Baby, one more time”, while Avalanche approaches the orange zone between $70.58 and $58.31 one more time. We expect it to dive into the orange zone to finish wave C in green and wave ii in orange. Afterwards, Avalanche should rise upwards more sustainably, crossing the resistance at $98.77 in the process. In addition to Britney’s song, we should keep in mind, though, the 35% chance that Avalanche could drop through the orange zone and fall below the support at $53.16.
BINANCE:AVAXUSD
by MarketIntel
1
Cardano: Limbo DanceLimbo cool, limbo fine, Ev'rybody gets a chance. Clap your hands, it's party time, Do the limbo dance! Cardano seems to have taken David Hasselhoff at his word and is currently doing the limbo dance below the support line at $0.92258. As long as Cardano manages to stay below this limbo bar, we expect it to go deeper still into the green zone between $0.93552 and $0.2767 to finish wave v in magenta – ideally at about $0.52409. Then, the limbo dance should be over, and Cardano should stretch its limbs above $0.92258 again.
BITTREX:ADAUSDShort
by MarketIntel
1
IOTA: Guess who’s back 🎤„Guess who’s back, Back again, IOTA’s back, Tell a friend.” After its short trip above the support at $0.9810, IOTA is back in the green zone between $0.8968 and $0.7442, imitating Eminem in his song “Without Me” by proclaiming: “Now this looks like a job for me, So everybody, just follow me, ‘Cause we need a little controversy, ‘Cause the green zone feels so empty without me.” We expect IOTA to continue its way though the green zone until its lower end at $0.7442. Just below this edge, IOTA should complete wave c in orange as well as the subordinate wave (ii) in blue and shoot up afterwards. However, there remains a 45% chance that IOTA will not manage to turn around shortly below the green zone. In this case, it should fall deeper still below $0.5736.
BINANCE:IOTAUSDLong
by MarketIntel
1
Cardano: Last Twitch 🐟 If Cardano were a fish and the bears were hunting for it, it would have made its last twitch by now. Last month, the furry predators had already caught the Cardano-fish at the resistance at $1.63781 and subsequently had dragged it down in the direction of the support at $0.92258. Last week, Cardano made a first attempt to escape, but the bears clamped down hard on it. Now, they seem to be ready to enjoy their prey. We expect them to take Cardano with them below the support at $0.92258 and into the green zone between $0.93552 and $0.27674 to finish wave v in magenta . There, Cardano’s second attempt to escape should be successful and help it back to $0.92258. If the Cardano-fish is too slippery though, there is a 30% chance that it could slip from the bears’ paws earlier already and jump above the resistance at $1.63781. From there, its adrenalin rush should be strong enough to lead it above $2.4574 and $3.1000 as well.
BITTREX:ADAUSDShort
by MarketIntel
1
Cardano: Skydive🪂After Cardano has parachuted down form the resistance at $1.63781, it has pulled the ripcord shortly before the support at $0.92258 and has been gliding along it for some time now, experiencing a little bit of updraft lately. However, we expect the volplane to reach the $0.92258 support line soon, where it should gain drive for further downward movement. Cardano should then ideally land at about $0.52409 in the green zone between $0.93552 and $0.27674, where the flight should end with the magenta wave . Then, Cardano should fold up and pack its parachute and make its way back above $0.92258. As long as Cardano has not reached the support at $0.92258, though, there remains a 25% chance that there is too much updraft for it to land properly. If the wind then carries Cardano back above the resistance at $1.63781, its power should suffice to blow the price further upwards above $2.4574 and from there, even above $3.100.
BITTREX:ADAUSDShort
by MarketIntel
IOTA: Under Water 🤿IOTA has jumped off the cliff at $0.9810 and dived into the green thicket of sea weed between $0.8968 and $0.7442. Here, it has been swimming along for a while now, watching the wildlife of the underwater world. We expect IOTA to go a bit deeper still and to finish wave c in orange just below the green thicket. Then, the dive should be over and IOTA should resurface above $0.9810. From there, long-term rise is possible again. As they are still uncharted, though, IOTA could find something interesting in the depths below the green sea weed thicket and dive below $0.5736 to examine it. The results could then even lead to a continuation of the dive further down. This alternative scenario is rated with a probability of 45%, after all.
BINANCE:IOTAUSD
by MarketIntel
1
IOTA: Don’t Get Too Comfy!☝️After its steep descent from the orange-colored zone, IOTA has been relaxing a bit and puttering around between $1.1 and $1.2. However, it shouldn’t get too comfy because we expect the price to fall below $0.9810 soon. There, it should get caught by the green area between $0.8968 and $0.7442, finish wave c in orange and bounce off again. Still, there is also a 30% chance that IOTA could shy away from touching the $0.9810 mark and rather decides to take off earlier. If it manages to reach the resistance at $2.0842, further rise will become more likely.
BINANCE:IOTAUSDShort
by MarketIntel
1
Altcoins can fall pretty hardThere is exactly a year now since Btc.D is trading in a downtrend. However, after reaching 40% back in May we have in fact a clear range between 40% and 50%. In mid-September, again, we touch 40% and we got back to 50% pretty quickly. The last drop takes a lot of time and is printing a falling wedge on our chart. At this moment we are hovering around 40% for almost 2 months and Btc.D looks ready to turn. Getting back above 40 and 41 furthermore would confirm strong support and also a double bottom (more clear on smaller TFs). If this is the case, ALTs can fall hard
CRYPTOCAP:BTC.DLong
by Mihai_Iacob
13
Cardano: Tie Your Hiking Boots 🥾🥾Cardano has tied its hiking boots and packed its backpack for the long trek uphill. It has left the valley where wave in magenta ended and has begun the new ascent. Thus, Cardano is sufficiently warmed up for the continuing climb and should reach a first target at $2.4574. From there, it can already see the next summit cross at $3.1000. However, there is a not too small 45% chance that Cardano might need to go down again – to get its shoes repaired or to grab some more food supply or because it has forgotten to pack its rain gear, which is much needed in alpine terrain…
BITTREX:ADAUSDLong
by MarketIntel
Solana: Finally Made It 👏 Solana has finally managed to touch upon the upper edge of the magenta-colored area between $129.9975 and $55.6400. Although it has shied away from entering it so far, we still expect the price to go lower and reach our provisional yellow trading-zone within the magenta area. There, wave in red should end and offer an attractive entry opportunity. Afterwards, we look forward to Solana taking off again and aiming for the resistance at $259. However, if it decides not to linger below the $178 mark, there is a 25% chance that Solana could go for $259 earlier already.
FTX:SOLUSDLong
by MarketIntel
1