LIVESkyNet Trader
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$STX
Bullish breakout from Ascending Triangle, above $2.00 resistance, signaled resumption of Uptrend, with +25% upside potential to $2.50 next. Stop loss at $1.70.
Pattern: Ascending Triangle which is a continuation pattern (it typically breaks out in the direction of existing trend). Most traders wait for a breakout but Swing traders could trade between the trendlines (Buy at Support, Sell at Resistance) as long as the trendlines are still relatively far apart.
Trend: Short-term trend is Strong Up, Medium-term trend is Down, Long-term trend is Neutral.
Momentum: Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance: Nearest Support Zone is $1.50, then $1.30.
Bullish breakout from Ascending Triangle, above $2.00 resistance, signaled resumption of Uptrend, with +25% upside potential to $2.50 next. Stop loss at $1.70.
Pattern: Ascending Triangle which is a continuation pattern (it typically breaks out in the direction of existing trend). Most traders wait for a breakout but Swing traders could trade between the trendlines (Buy at Support, Sell at Resistance) as long as the trendlines are still relatively far apart.
Trend: Short-term trend is Strong Up, Medium-term trend is Down, Long-term trend is Neutral.
Momentum: Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance: Nearest Support Zone is $1.50, then $1.30.
$CHZ
Price had a breakout from Falling Wedge pattern, which signaled a potential bullish trend reversal. It reached our target of $0.085 for +35% gain. It also made a Higher High and Higher Low, which is also a sign of an Uptrend. Pullback near $0.055 support area could be a swing trade entry, with +40% potential gain back to $0.085 again. Stop Loss at $0.049.
Pattern: Price is trading in a Channel Up pattern. With emerging patterns, traders who believe the price is likely to remain within its channel can initiate trades when the price fluctuates within its channel trendlines. With complete patterns (i.e. a breakout) - initiate a trade when the price breaks through the channel's trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout.
Trend: Short-term trend is Up, Medium-term trend is Down, Long-term trend is Neutral.
Momentum: Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance: Nearest Support Zone is $0.055, then $0.043. Nearest Resistance Zone is $0.07, then $0.085.
Price had a breakout from Falling Wedge pattern, which signaled a potential bullish trend reversal. It reached our target of $0.085 for +35% gain. It also made a Higher High and Higher Low, which is also a sign of an Uptrend. Pullback near $0.055 support area could be a swing trade entry, with +40% potential gain back to $0.085 again. Stop Loss at $0.049.
Pattern: Price is trading in a Channel Up pattern. With emerging patterns, traders who believe the price is likely to remain within its channel can initiate trades when the price fluctuates within its channel trendlines. With complete patterns (i.e. a breakout) - initiate a trade when the price breaks through the channel's trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout.
Trend: Short-term trend is Up, Medium-term trend is Down, Long-term trend is Neutral.
Momentum: Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance: Nearest Support Zone is $0.055, then $0.043. Nearest Resistance Zone is $0.07, then $0.085.
$ADA
Price broke out of a Channel Up pattern and currently price is near the $0.57 resistance trendline and is very overbought (RSI ~ 80). Hence, price is likely to pull back near-term.
Pattern: Price is Overbought at Resistance. This trading strategy finds assets that are overbought (RSI > 70) and are near a resistance area, which means there's a high probability that price will get rejected and pull back near-term. Overbought conditions are typically reached when RSI hits 70 or more.
Trend: Short-term trend is Strong Up, Medium-term trend is Strong Up, Long-term trend is Neutral.
Momentum: Price is Very Overbought currently, based on RSI-14 levels (RSI > 80).
Support and Resistance: Nearest Support Zone is $0.35, then $0.28.
Price broke out of a Channel Up pattern and currently price is near the $0.57 resistance trendline and is very overbought (RSI ~ 80). Hence, price is likely to pull back near-term.
Pattern: Price is Overbought at Resistance. This trading strategy finds assets that are overbought (RSI > 70) and are near a resistance area, which means there's a high probability that price will get rejected and pull back near-term. Overbought conditions are typically reached when RSI hits 70 or more.
Trend: Short-term trend is Strong Up, Medium-term trend is Strong Up, Long-term trend is Neutral.
Momentum: Price is Very Overbought currently, based on RSI-14 levels (RSI > 80).
Support and Resistance: Nearest Support Zone is $0.35, then $0.28.
$COMP
Bullish breakout from Descending Triangle pattern could see the price revisit $50 or even $55. Stop Loss at $38, just below the $40 support.
Pattern: Price is trading in a Descending Triangle pattern. Typically, a breakout will occur in the direction of the existing trend. Most traders will take a position once the price action breaks through the bottom line of the triangle with increased volume, which is when the price should decline an amount equivalent to the widest section of the triangle.
Trend: Short-term trend is Up, Medium-term trend is Strong Down, Long-term trend is Strong Down.
Momentum: Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance: Nearest Support Zone is $45.00, then $40.00. Nearest Resistance Zone is $50.00, then $55.00.
Bullish breakout from Descending Triangle pattern could see the price revisit $50 or even $55. Stop Loss at $38, just below the $40 support.
Pattern: Price is trading in a Descending Triangle pattern. Typically, a breakout will occur in the direction of the existing trend. Most traders will take a position once the price action breaks through the bottom line of the triangle with increased volume, which is when the price should decline an amount equivalent to the widest section of the triangle.
Trend: Short-term trend is Up, Medium-term trend is Strong Down, Long-term trend is Strong Down.
Momentum: Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance: Nearest Support Zone is $45.00, then $40.00. Nearest Resistance Zone is $50.00, then $55.00.
$XRP
Price is in an uptrend. After a bullish breakout from Symmetrical Triangle, price reached our target of $0.67. We would be buyers on pullbacks to near $0.50 support, which could be a swing trade entry opportunity with +30% potential upside back to $0.67. Stop Loss at $0.48.
Pattern: Price is Approaching Support, which is a level where it could pause or reverse its recent decline, at least temporarily. Support is often a level where price has bounced up in the past, or potentially prior Resistance level that was broken. (concept known as polarity). Once price breaks below support, it can move lower to the next support level.
Trend: Short-term trend is Strong Down, Medium-term trend is Strong Down, Long-term trend is Down.
Momentum: Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance: Nearest Support Zone is $0.50, then $0.42. Nearest Resistance Zone is $0.57, then $0.67.
Price is in an uptrend. After a bullish breakout from Symmetrical Triangle, price reached our target of $0.67. We would be buyers on pullbacks to near $0.50 support, which could be a swing trade entry opportunity with +30% potential upside back to $0.67. Stop Loss at $0.48.
Pattern: Price is Approaching Support, which is a level where it could pause or reverse its recent decline, at least temporarily. Support is often a level where price has bounced up in the past, or potentially prior Resistance level that was broken. (concept known as polarity). Once price breaks below support, it can move lower to the next support level.
Trend: Short-term trend is Strong Down, Medium-term trend is Strong Down, Long-term trend is Down.
Momentum: Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance: Nearest Support Zone is $0.50, then $0.42. Nearest Resistance Zone is $0.57, then $0.67.
$WIF
Breakout from Channel Down pattern signaled a bullish trend reversal and price reached our target of $3.00 for 50% gain. Now we look for the right entry opportunity in Uptrend. Pullback near $2.00 support could be another swing trade entry in Uptrend with +50% upside potential back to $3.00. Stop Loss at $1.85.
Pattern: Price is Approaching Support, which is a level where it could pause or reverse its recent decline, at least temporarily. Support is often a level where price has bounced up in the past, or potentially prior Resistance level that was broken. (concept known as polarity). Once price breaks below support, it can move lower to the next support level.
Trend: Short-term trend is Strong Down, Medium-term trend is Neutral, Long-term trend is Strong Up.
Momentum is Bearish ( MACD Line crossed below MACD Signal Line) BELOW days ago. Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance: Nearest Support Zone is $2.00, then $1.50. Nearest Resistance Zone is $3.00, then $3.75.
Breakout from Channel Down pattern signaled a bullish trend reversal and price reached our target of $3.00 for 50% gain. Now we look for the right entry opportunity in Uptrend. Pullback near $2.00 support could be another swing trade entry in Uptrend with +50% upside potential back to $3.00. Stop Loss at $1.85.
Pattern: Price is Approaching Support, which is a level where it could pause or reverse its recent decline, at least temporarily. Support is often a level where price has bounced up in the past, or potentially prior Resistance level that was broken. (concept known as polarity). Once price breaks below support, it can move lower to the next support level.
Trend: Short-term trend is Strong Down, Medium-term trend is Neutral, Long-term trend is Strong Up.
Momentum is Bearish ( MACD Line crossed below MACD Signal Line) BELOW days ago. Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance: Nearest Support Zone is $2.00, then $1.50. Nearest Resistance Zone is $3.00, then $3.75.
$UNI
Price has gotten rejected at the 200-day moving average (~$7.80) several times now, which was followed by a bearish breakout of a Rising Wedge pattern. We need to see price break back above $8.35 horizontal resistance and 200-day moving average, which would signal resumption of uptrend with +20% potential upside to $10 thereafter.
Price has gotten rejected at the 200-day moving average (~$7.80) several times now, which was followed by a bearish breakout of a Rising Wedge pattern. We need to see price break back above $8.35 horizontal resistance and 200-day moving average, which would signal resumption of uptrend with +20% potential upside to $10 thereafter.
$XTZ
Bearish breakout from Ascending Triangle pattern and below $0.62 support could signal resumption of Downtrend with downside potential to $0.54 next.
Pattern: Ascending Triangle which is a continuation pattern (it typically breaks out in the direction of existing trend). Most traders wait for a breakout but Swing traders could trade between the trendlines (Buy at Support, Sell at Resistance) as long as the trendlines are still relatively far apart.
Trend: Short-term trend is Strong Down, Medium-term trend is Strong Down, Long-term trend is Strong Down.
Momentum: Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance: Nearest Support Zone is $0.54.
Nearest Resistance Zone is $0.75, then $0.90.
Bearish breakout from Ascending Triangle pattern and below $0.62 support could signal resumption of Downtrend with downside potential to $0.54 next.
Pattern: Ascending Triangle which is a continuation pattern (it typically breaks out in the direction of existing trend). Most traders wait for a breakout but Swing traders could trade between the trendlines (Buy at Support, Sell at Resistance) as long as the trendlines are still relatively far apart.
Trend: Short-term trend is Strong Down, Medium-term trend is Strong Down, Long-term trend is Strong Down.
Momentum: Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance: Nearest Support Zone is $0.54.
Nearest Resistance Zone is $0.75, then $0.90.
$BTC
Trends have reversed to Uptrend again after price price broke above $60K resistance and out of Symmetrical Triangle pattern, and it successfully retested that breakout level. It also broke through the $64.4K key level and 200-day moving average, and has reached $72K-$74K resistance zone. Now we look for the right entry opportunity in Uptrend. We wait for price to either 1) break above $74K to signal continuation of uptrend, or 2) pull back near $64K support area for a swing trade entry in Uptrend with +15% upside back to $72K-$74K. Stop Loss at $58K.
Pattern: Price is Approaching Resistance, which is a level where it could pause or reverse its recent advance, at least temporarily. Resistance is often a level where price got rejected in the past, or potentially prior Support level that was broken. (concept known as polarity). Once price breaks above resistance, it can advance higher to the next resistance level.
Trend: Short-term trend is Strong Up, Medium-term trend is Strong Up, Long-term trend is Strong Up.
Momentum is Bullish but inflecting. MACD Line is still above MACD Signal Line but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum could be nearing a downswing. Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance: Nearest Support Zone is $56,500.00, then $50,000.00. Nearest Resistance Zone is $72,000.00.
Trends have reversed to Uptrend again after price price broke above $60K resistance and out of Symmetrical Triangle pattern, and it successfully retested that breakout level. It also broke through the $64.4K key level and 200-day moving average, and has reached $72K-$74K resistance zone. Now we look for the right entry opportunity in Uptrend. We wait for price to either 1) break above $74K to signal continuation of uptrend, or 2) pull back near $64K support area for a swing trade entry in Uptrend with +15% upside back to $72K-$74K. Stop Loss at $58K.
Pattern: Price is Approaching Resistance, which is a level where it could pause or reverse its recent advance, at least temporarily. Resistance is often a level where price got rejected in the past, or potentially prior Support level that was broken. (concept known as polarity). Once price breaks above resistance, it can advance higher to the next resistance level.
Trend: Short-term trend is Strong Up, Medium-term trend is Strong Up, Long-term trend is Strong Up.
Momentum is Bullish but inflecting. MACD Line is still above MACD Signal Line but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum could be nearing a downswing. Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance: Nearest Support Zone is $56,500.00, then $50,000.00. Nearest Resistance Zone is $72,000.00.
$FLOW
Breakout from Channel Down pattern signaled a bullish trend reversal. Pullback to $0.50 support could be a swing entry opportunity with +25% upside potential to $0.64 next. Stop Loss at $0.47.
Pattern: Price is Approaching Support, which is a level where it could pause or reverse its recent decline, at least temporarily. Support is often a level where price has bounced up in the past, or potentially prior Resistance level that was broken. (concept known as polarity).
Trend: Short-term trend is Strong Down, Medium-term trend is Strong Down, Long-term trend is Strong Down.
Momentum: Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance: Nearest Support Zone is $0.50, then $0.40. Nearest Resistance Zone is $0.60, then $0.70.
Breakout from Channel Down pattern signaled a bullish trend reversal. Pullback to $0.50 support could be a swing entry opportunity with +25% upside potential to $0.64 next. Stop Loss at $0.47.
Pattern: Price is Approaching Support, which is a level where it could pause or reverse its recent decline, at least temporarily. Support is often a level where price has bounced up in the past, or potentially prior Resistance level that was broken. (concept known as polarity).
Trend: Short-term trend is Strong Down, Medium-term trend is Strong Down, Long-term trend is Strong Down.
Momentum: Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance: Nearest Support Zone is $0.50, then $0.40. Nearest Resistance Zone is $0.60, then $0.70.
$UNI
Trends have reversed to Uptrend. We wait for price to break out of a Rising Wedge pattern, ideally above $8.35 horizontal resistance and 200-day moving average, which would signal resumption of uptrend with +20% potential upside to $10 thereafter.
Patterns: Rising Wedge usually forms after an uptrend and suggests a potential bearish reversal in the original uptrend. When price breaks the lower trend line the price is expected to trend lower. Emerging patterns (before a breakout occurs) can be traded by swing traders between the convergence lines; however, most traders should wait for a completed pattern with a breakout.
Trend: Short-term trend is Strong Up, Medium-term trend is Up, Long-term trend is Neutral.
Momentum is Bearish ( MACD Line crossed below MACD Signal Line) BELOW days ago. Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance: Nearest Support Zone is $5.60, then $4.80. Nearest Resistance Zone is $8.35, then $12.00.
Trends have reversed to Uptrend. We wait for price to break out of a Rising Wedge pattern, ideally above $8.35 horizontal resistance and 200-day moving average, which would signal resumption of uptrend with +20% potential upside to $10 thereafter.
Patterns: Rising Wedge usually forms after an uptrend and suggests a potential bearish reversal in the original uptrend. When price breaks the lower trend line the price is expected to trend lower. Emerging patterns (before a breakout occurs) can be traded by swing traders between the convergence lines; however, most traders should wait for a completed pattern with a breakout.
Trend: Short-term trend is Strong Up, Medium-term trend is Up, Long-term trend is Neutral.
Momentum is Bearish ( MACD Line crossed below MACD Signal Line) BELOW days ago. Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance: Nearest Support Zone is $5.60, then $4.80. Nearest Resistance Zone is $8.35, then $12.00.
$TON
Price is in a Downtrend, trading in a Falling Wedge pattern. We wait for a breakout, ideally above 200-day moving average (~$6.30) to resume its Uptrend, with upside potential back to $10 thereafter.
Patterns: Falling Wedge usually results in a bullish breakout. When price breaks the upper trend line the price is expected to trend higher. Emerging patterns (before a breakout occurs) can be traded by swing traders between the convergence lines; however, most traders should wait for a completed pattern with a breakout and then place a BUY order.
Trend: Short-term trend is Strong Down, Medium-term trend is Strong Down, Long-term trend is Strong Down.
Momentum is Bearish but inflecting. MACD Line is still below MACD Signal Line but momentum may have bottomed since MACD Histogram bars are rising, which suggests that momentum could be nearing an upswing. Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance: Nearest Support Zone is $4.70.
Nearest Resistance Zone is $6.00, then $6.75.
Price is in a Downtrend, trading in a Falling Wedge pattern. We wait for a breakout, ideally above 200-day moving average (~$6.30) to resume its Uptrend, with upside potential back to $10 thereafter.
Patterns: Falling Wedge usually results in a bullish breakout. When price breaks the upper trend line the price is expected to trend higher. Emerging patterns (before a breakout occurs) can be traded by swing traders between the convergence lines; however, most traders should wait for a completed pattern with a breakout and then place a BUY order.
Trend: Short-term trend is Strong Down, Medium-term trend is Strong Down, Long-term trend is Strong Down.
Momentum is Bearish but inflecting. MACD Line is still below MACD Signal Line but momentum may have bottomed since MACD Histogram bars are rising, which suggests that momentum could be nearing an upswing. Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance: Nearest Support Zone is $4.70.
Nearest Resistance Zone is $6.00, then $6.75.
$ATOM
Trends are mixed, however, it had a bullish breakout from Falling Wedge pattern and reached our near-term target of $5.10 resistance for a +20% gain. We would be buyers on pullbacks near $4.00 support again, which is also the breakout level from Falling Wedge. That could serve as another swing trade entry with +20% upside potential back to $5.10. Stop Loss at $3.85. (Set a price alert) This is a riskier trade setup because it’s a trend reversal not a trend continuation setup. It’s against the overall downtrend.
Pattern: Price is Approaching Resistance, which is a level where it could pause or reverse its recent advance, at least temporarily. Resistance is often a level where price got rejected in the past, or potentially prior Support level that was broken. (concept known as polarity). Once price breaks above resistance, it can advance higher to the next resistance level.
Trend: Short-term trend is Strong Down, Medium-term trend is Down, Long-term trend is Strong Down.
Momentum: Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance: Nearest Support Zone is $4.00.
Nearest Resistance Zone is $5.10, then $6.30.
Trends are mixed, however, it had a bullish breakout from Falling Wedge pattern and reached our near-term target of $5.10 resistance for a +20% gain. We would be buyers on pullbacks near $4.00 support again, which is also the breakout level from Falling Wedge. That could serve as another swing trade entry with +20% upside potential back to $5.10. Stop Loss at $3.85. (Set a price alert) This is a riskier trade setup because it’s a trend reversal not a trend continuation setup. It’s against the overall downtrend.
Pattern: Price is Approaching Resistance, which is a level where it could pause or reverse its recent advance, at least temporarily. Resistance is often a level where price got rejected in the past, or potentially prior Support level that was broken. (concept known as polarity). Once price breaks above resistance, it can advance higher to the next resistance level.
Trend: Short-term trend is Strong Down, Medium-term trend is Down, Long-term trend is Strong Down.
Momentum: Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance: Nearest Support Zone is $4.00.
Nearest Resistance Zone is $5.10, then $6.30.
$FTM
Bearish breakout from Rising Wedge pattern could see the price pull back to $0.60 support and 200-day moving average. That could then serve as a swing trade entry in Uptrend.
Patterns: Rising Wedge usually forms after an uptrend and suggests a potential bearish reversal in the original uptrend. When price breaks the lower trend line the price is expected to trend lower. Emerging patterns (before a breakout occurs) can be traded by swing traders between the convergence lines; however, most traders should wait for a completed pattern with a breakout.
Trend: Short-term trend is Up, Medium-term trend is Strong Up, Long-term trend is Strong Up.
Momentum is Bearish but inflecting. MACD Line is still below MACD Signal Line but momentum may have bottomed since MACD Histogram bars are rising, which suggests that momentum could be nearing an upswing. Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance: Nearest Support Zone is $0.62, then $0.50. Nearest Resistance Zone is $0.75, then $0.85.
Bearish breakout from Rising Wedge pattern could see the price pull back to $0.60 support and 200-day moving average. That could then serve as a swing trade entry in Uptrend.
Patterns: Rising Wedge usually forms after an uptrend and suggests a potential bearish reversal in the original uptrend. When price breaks the lower trend line the price is expected to trend lower. Emerging patterns (before a breakout occurs) can be traded by swing traders between the convergence lines; however, most traders should wait for a completed pattern with a breakout.
Trend: Short-term trend is Up, Medium-term trend is Strong Up, Long-term trend is Strong Up.
Momentum is Bearish but inflecting. MACD Line is still below MACD Signal Line but momentum may have bottomed since MACD Histogram bars are rising, which suggests that momentum could be nearing an upswing. Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance: Nearest Support Zone is $0.62, then $0.50. Nearest Resistance Zone is $0.75, then $0.85.
$THETA
Price is in a downtrend. Bearish breakout from Channel Up and below $1.20 support. Price could revisit $0.90. Stop Loss at $1.30.
Pattern: Price is trading in a Channel Up pattern. With emerging patterns, traders who believe the price is likely to remain within its channel can initiate trades when the price fluctuates within its channel trendlines. With complete patterns (i.e. a breakout) - initiate a trade when the price breaks through the channel's trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout.
Trend: Short-term trend is Strong Down, Medium-term trend is Strong Down, Long-term trend is Down.
Momentum: Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance: Nearest Support Zone is $0.90.
Nearest Resistance Zone is $1.45, then $1.70.
Price is in a downtrend. Bearish breakout from Channel Up and below $1.20 support. Price could revisit $0.90. Stop Loss at $1.30.
Pattern: Price is trading in a Channel Up pattern. With emerging patterns, traders who believe the price is likely to remain within its channel can initiate trades when the price fluctuates within its channel trendlines. With complete patterns (i.e. a breakout) - initiate a trade when the price breaks through the channel's trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout.
Trend: Short-term trend is Strong Down, Medium-term trend is Strong Down, Long-term trend is Down.
Momentum: Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance: Nearest Support Zone is $0.90.
Nearest Resistance Zone is $1.45, then $1.70.
$BTC
Trends have reversed to Uptrend again after price price broke above $60K resistance and out of Symmetrical Triangle pattern, and it successfully retested that breakout level. It also broke through the $64.4K resistance and 200-day moving average, and could revisit $70K-$72K. Price is approaching that resistance zone. We would be buyers on pullbacks to $64K support area. Stop Loss at $58K.
Pattern: Price is Approaching Resistance, which is a level where it could pause or reverse its recent advance, at least temporarily. Resistance is often a level where price got rejected in the past, or potentially prior Support level that was broken. (concept known as polarity). Once price breaks above resistance, it can advance higher to the next resistance level.
Trend: Short-term trend is Up, Medium-term trend is Strong Up, Long-term trend is Up.
Momentum: Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance: Nearest Support Zone is $56,500.00, then $50,000.00. Nearest Resistance Zone is $72,000.00.
Trends have reversed to Uptrend again after price price broke above $60K resistance and out of Symmetrical Triangle pattern, and it successfully retested that breakout level. It also broke through the $64.4K resistance and 200-day moving average, and could revisit $70K-$72K. Price is approaching that resistance zone. We would be buyers on pullbacks to $64K support area. Stop Loss at $58K.
Pattern: Price is Approaching Resistance, which is a level where it could pause or reverse its recent advance, at least temporarily. Resistance is often a level where price got rejected in the past, or potentially prior Support level that was broken. (concept known as polarity). Once price breaks above resistance, it can advance higher to the next resistance level.
Trend: Short-term trend is Up, Medium-term trend is Strong Up, Long-term trend is Up.
Momentum: Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance: Nearest Support Zone is $56,500.00, then $50,000.00. Nearest Resistance Zone is $72,000.00.
$UNI
Trends have reversed to Uptrend. We wait for price to break out of a Rising Wedge pattern, ideally above $8.35 horizontal resistance and 200-day moving average, which would signal resumption of uptrend with +20% potential upside to $10 thereafter.Uniswap is the biggest DEX – see On-chain data, and has been a beneficiary of the move to decentralized exchanges and non-custody trading solutions.
Patterns: Rising Wedge usually forms after an uptrend and suggests a potential bearish reversal in the original uptrend. When price breaks the lower trend line the price is expected to trend lower. Emerging patterns (before a breakout occurs) can be traded by swing traders between the convergence lines; however, most traders should wait for a completed pattern with a breakout.
Trend: Short-term trend is Strong Up, Medium-term trend is Up, Long-term trend is Neutral.
Momentum: Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance: Nearest Support Zone is $5.60, then $4.80. Nearest Resistance Zone is $8.35, then $12.00.
Trends have reversed to Uptrend. We wait for price to break out of a Rising Wedge pattern, ideally above $8.35 horizontal resistance and 200-day moving average, which would signal resumption of uptrend with +20% potential upside to $10 thereafter.Uniswap is the biggest DEX – see On-chain data, and has been a beneficiary of the move to decentralized exchanges and non-custody trading solutions.
Patterns: Rising Wedge usually forms after an uptrend and suggests a potential bearish reversal in the original uptrend. When price breaks the lower trend line the price is expected to trend lower. Emerging patterns (before a breakout occurs) can be traded by swing traders between the convergence lines; however, most traders should wait for a completed pattern with a breakout.
Trend: Short-term trend is Strong Up, Medium-term trend is Up, Long-term trend is Neutral.
Momentum: Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance: Nearest Support Zone is $5.60, then $4.80. Nearest Resistance Zone is $8.35, then $12.00.
$JUP
Broke through Resistance level of 0.9821 at Oct 24, 0:00 UTC. Possible bullish price movement forecast for the next 26 days towards 1.2176.
Broke through Resistance level of 0.9821 at Oct 24, 0:00 UTC. Possible bullish price movement forecast for the next 26 days towards 1.2176.
$ETH
Trends are mixed, however, there are improvements as it had a bullish breakout from Channel Down pattern. It's approaching $2,400 support, which could be a swing trade entry with +20% upside potential to $2,850. Stop Loss at $2,270. The recent launch of ETH Spot ETFs could boost demand for ETH.
Pattern: Price is Approaching Support, which is a level where it could pause or reverse its recent decline, at least temporarily. Support is often a level where price has bounced up in the past, or potentially prior Resistance level that was broken. (concept known as polarity). Once price breaks below support, it can move lower to the next support level.
Trend: Short-term trend is Neutral, Medium-term trend is Neutral, Long-term trend is Strong Down.
Momentum: Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance: Nearest Support Zone is $2,100.00.
Nearest Resistance Zone is $2,620.00, then $2,850.00.
Trends are mixed, however, there are improvements as it had a bullish breakout from Channel Down pattern. It's approaching $2,400 support, which could be a swing trade entry with +20% upside potential to $2,850. Stop Loss at $2,270. The recent launch of ETH Spot ETFs could boost demand for ETH.
Pattern: Price is Approaching Support, which is a level where it could pause or reverse its recent decline, at least temporarily. Support is often a level where price has bounced up in the past, or potentially prior Resistance level that was broken. (concept known as polarity). Once price breaks below support, it can move lower to the next support level.
Trend: Short-term trend is Neutral, Medium-term trend is Neutral, Long-term trend is Strong Down.
Momentum: Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance: Nearest Support Zone is $2,100.00.
Nearest Resistance Zone is $2,620.00, then $2,850.00.
$GMX
Trends are mixed, however, there are improvements. It had a bullish breakout from Falling Wedge pattern and rallied +30% to $35, where it got rejected. We would be buyers on pullbacks to $22 support, with +30% potential upside to $30. Stop Loss at $20.
Trends are mixed, however, there are improvements. It had a bullish breakout from Falling Wedge pattern and rallied +30% to $35, where it got rejected. We would be buyers on pullbacks to $22 support, with +30% potential upside to $30. Stop Loss at $20.
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WillBTCBreak100KSoon
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$BTC $100K BTC Will Take Some Time
Ok then. We finally had that moment.
$90K BTC - Nearing the iconic $100K level and retracting back. And this was needed for the greater good. 🪙THE ALTCOINS.
For altcoins to soar, the BTC.D needs to go down. Today after hitting $90K, a milestone achieved for the first time, price breached the oversold zone.
A sell off was necessary. This is the time when BTC could be hovering between the $89K-75K zone before heading towards the $100K landmark.
And this is where Alts will have the upper hand. As the dominance will go down, the alt mkt cap will shoot up. We will experience the best alt season ever.
Why the dominance fall?
It's the circle. After BTC hits a milestone high during a bull run, the money then flows to the altcoins. The very old reason for the altcoin market cap to go parabolic.
#WillBTCBreak100KSoon #AltCoinRush
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