Cryptos
SNXUSD at the top of the 3 month Channel Down.SNXUSD hit today a triple Resistance Zone, the top of its 3 month Channel Down, the MA100 and the MA200 (1d).
Until the price closes over the Channel Down, the trend remains bearish.
Trading Plan:
1. Sell on the current market price.
2. Buy above Resistance (1).
Targets:
1. 2.000 (Rising Support).
2. 3.000 (Resistance 2).
Tips:
1. The RSI (1d) hit its Rising Resistance. If broken it will be a first sign that the Channel Down may break upwards. Also this is a bullish divergence as it is the opposite of the Falling Resistance of the Channel Down.
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HNTUSD Major bullish break out targeting 1.8000.Helium crossed and closed over the 1D MA50 yesterday for the first time in 56 days. This is an early buy signal as the 1D technicals are still neutral (RSI = 50.663, MACD = -0.016, ADX = 29.754) but the RSI is already rising on an HL trendline.
We are buying this breakout early as with the March 24th breakout and target the 1D MA200, a little over the 0.382 Fibonacci level (TP = 1.8000).
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BITUSD Buy signal confirmedBitDAO / BITUSD is having the strongest 1day candle since May 15th right at the bottom of the 5 month Channel Down.
This confirms the excellent pattern bottom buy opportunity, especially after the 1day RSI made a Double Bottom.
Buy and target the 0.5 Fibonacci (like the March bottom rebound) at 0.4545, which will also test the 1day MA50.
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COMPUSD: Closed over the 1D MA200 flashing a strong buy signalCOMPUSD closed the 1D candle yesterday over the 1D MA200 for the first time since April 18th, giving a strong buy signal despite turning overbought on the 1D time frame (RSI = 73.112, MACD = 1.660, ADX = 54.712).
We are taking a buy here, targeting the 0.786 Fibonacci level (TP = 55.000).
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FTTUSD First time touching the 1D MA200 since April 2022!The FTX Token touched yesterday the 1D MA200 for the first time since April 2022 turning the 1D technicals largely bullish (RSI = 67.207, MACD = 0.051, ADX = 48.882). This is a major buy trigger, which with the Support of the 1D MA50 can target the top of the 7 month Rectangle pattern (TP = 2.70000).
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NEARUSD Still inside a Channel Down despite the rise.NEARUSD is having today the strongest 1D green candle since January 14th.
With that, it crossed over the MA50 (1d) for the first time since April 26th.
Despite the positives, it remains inside a long term Channel Down since the start of February and we should treat it as such.
Trading Plan:
1. Sell at the top of the Channel Down.
2. Buy if the price breaks over the Falling Resistance.
Targets:
1. 1.3700 (0.236 Fibonacci level).
2. 2.4000 (Resistance 1 and 0.786 Fibonacci).
Tips:
1. The RSI (1d) has already crossed over its Falling Resistance and reached he highs of April 15th. That might be an early Channel Down bullish breakout sign for the price.
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Chainlink , is it over?Is it over for chainlink , are we going to 0?
Just three days we had amazing news for chainlink , the swift integration , this is massive news but if you been following LINK for a while you new it was coming.
Three days ago we were flooded everywhere with these articles letting everyone know how amazing this development was and how bullish this was for chainlink.
Three days later what do we have?
Your classic flash crash structure on early Saturday morning , I have documented time and time again for years here that these moves always happen Saturday mornings.
The level Chainlink has hit is very important it was the resitance wall of 2019 at 5 dollars , there is alot of confluence in this level so it is likely that it holds here for now, if not 3.5 dollars is next.
Why 3.5 dollars because thats where most of the past volume has been on LINK.
In May 2021 this indicator that I use quite abit flashed bearish divergence with a count of 5 , at the time I thought is this the top? As of today on the monthly the indicator has now flashed bullish divergence with exactly the same count , very interesting.
Don't think for a second that this was just pure coincidence that they pumped the internet with bullish chainlink news only to dump the price 3 days later , its clear they are trying to shake you out.
There no coincidences in crypto only coordinated attacks on your fear so large corporations can load up more.
MATICUSD is rebounding on a 2.5 year old Support!Polygon / MATICUSD almost hit the Rising Support that goes back all the way to January 2021 and is now rebounding.
This is perfectly viewed on the 1week time frame where the price hit the 1week MA200.
As the 1day RSI is also rebounding, a crossing over the MA line, will confirm the bullish trend, like it did on July 4th 2022.
Buy and target the 1day MA100 on the medium term at 1.1500.
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Target is 59k (Bitcoin)I have been going on for some months about end of June being the next "Bitcoin event". The secret is that every year Bitcoin has a major pivot point , only one a year , which dictates the momentum for months, until the next date in the time sequence.
Here I go over back in May and state end of June is the time period for the next sequence. The only problem here was atleast for me it was not clear which way it was going to swing , even up until last week it could have flipped either way , last year things where much clearer because momentum was heavily to the downside.
As you can see we are on the 0.618 on this time fib and the reaction has been massive , we could be printing one of the biggest weekly candles in a long-time. These "event periods" are not small moves by any means , targets from here would be 59k.
Why 59k ? well bump and run reversal pattern target is 59k , last cycle Bitcoin did the same thing and hit the technical target.
As you can see it hit 13.5k a near perfect technical target from throwback , so far we have do the same and if we reach the technical target it would 59k.
What is also interesting is my Elliot wave indicator which is pretty dam good and pinpointing waves is signalling that the target range is also 56-59k target range.
Which also lines up with the 8/1 Gann Fan which is hovering around that 59k area also and to finish off we have a perfect 8/1 gann fann rejection of the USDT dominance.
So in the end this "event period" was a pivot to the upside not to the downside it seems that way for now , lets see how the weekly and monthly close.
So the next big date April 2024 which lines up with the Bitcoin halving , this fib date is more for Chainlink but still gives clues on where Bitcoin would be .
Something to note here not expecting all time high till October 2025 period.
BITCOIN Knocking on 30k door and targeting 40000 if it breaksBitcoin / BTCUSD crossed and closed yesterday not only over the 1day MA50 for the first time since May 6th but also the Falling Resistance coming staight from the April 14th High.
That is a major bullish break out signal, similar in magnitude with those of January and March. Their rallies completed a +54.50% and +58.00% rise. That is +3% difference.
Adding +3% at 58.00% gives us a potential +61.00% rise that goes straight to the 40k Resistance, which is the High of May 4th.
Is is bye bye 30k, hello 40k from now on?
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ZILUSD Best long term buy nowZilliqa / ZILUSD hit 10 days ago Support (0.01535) and rebounded, making Higher Lows ever since.
The 1day RSI is already testing the Falling Resistance. If the price crosses and closes over the Falling Resistance, it will be a major buy signal.
Target first the Fibonacci 0.5 level at 0.026300 and on the next pull back go for a long term swing near Resistance A at 0.03600.
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Bitcoin 2nd Entry for 36000 Long RunIn Day Timeframe, the bottom is very clear.
Risk Reward: 7
BTC , BTCUSD , BTCUSDT , BTCUSDT.P , BITCOIN , CRYPTO, CRYPTOCURRENCY
DISCLAIMER
This is only a personal opinion and does NOT serve as investing NOR trading advice.
Please make your own decisions and be responsible for your own investing and trading Activities.
BTCUSD: Testing the 1D MA50. Buy the candle close.BTCUSD is on neutral technicals on the 1D timeframe (RSI = 52.076, MACD = -177.600, ADX = 37.429) as it remaing inside the two month Channel Down but hit its top today, as well as the 1D MA50 for the first time since May 29th. If it closes the 1D candle over it (hasn't done so since May 6th), we will buy the breakout and target R1 (TP = 32,400), which is a 12 month top (since May 31st 2022). If it gets rejected though, we will wait until contact is made with the 1D MA200 before buying, with the same target.
The 1D RSI trend is fairly similar with December 2023. It has also a LH trendline, which if broken, gives its own buy signal.
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NOOBIE ANALYSIS|BITCOIN|DAILY|FALLING WEDGE
Started a few weeks ago on studying charts
trying my hand with crypto now.
STOCH RSI is in overbought zone on daily and 2 hour shown above
Relative volume is slowing down
$24100-$23900 range is a possibility before going up or down.
Not taking any trades until confirmation.... via paper trading ;)
FTMUSDTHello dear friends
The price range of $0.2929 is very attractive for Phantom, it has reacted interestingly when approaching this range in the past. Of course, it should be noted that the reaction did not create a higher ceiling.
If the downward trend line is broken upwards, provided that the loss limit zone is maintained, there is a possibility of forming an upward trend.
TWTUSD Incredible buy opportunity.TWTUSD almost hit two days ago the bottom of the 2 year Channel Up and by that made a technical Higher Low.
Practically that is an incredible buy opportunity on a 1 year basis.
The decline is almost the same (-74%) as the last Higher Lo on February 24th 2022.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 1.4000 (Fibonacci 0.5).
2. 2.5000 (near the All Time High).
Tips:
1. The RSI (1d) got heavily oversold under 20.00 for the first time in the token's history and rebounded over its MA level inside one day. A strong indication that the market deems these levels as a strong demand zone.
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