ChartDudes

ChartDudes Updated  Jun 7, 2024

Bitcoin appears to be compressing near all-time highs in what looks like an ascending triangle. Previously, Bitcoin would pierce the ascending triangle to the downside and the result would be the liquidation of all of the leverage in the system, then the price of Bitcoin would proceed to chop around more before eventually moving higher. Essentially, the ascending...

ChartDudes Updated  May 22, 2024

Teh Doge! We just had a weekly cross on Doge coin! The last time this happened we had a rocket up in price to the extreme. Crypto is a gamblers paradise and what better thing to bet on the OG gamble crypto itself? We have already seen plenty of meme coins pump and Elon Musk will likely pump doge in the future again with X accepting payments, Tesla, or something...

ChartDudes Updated  Apr 15, 2024

Rune keeps compressing upwards. With it's lending mechanism out in full force it's creating buying pressure on the token. Technically, we have the EMA's crossed over and sloping up on the daily which looks really good for a continuation move. RSI also looks good with a gradual slope up and showing strength. If this ascending triangle pattern continues to play...

ChartDudes Apr 15, 2024

I want to preface this with a couple things. The first, I am biased towards Rune in the fact that I own some for the long term and I believe in the project. The second, I really don't like Elliot Wave in general. I think it's use cases are generally arbitrary at best. That being said, this Elliot wave set up almost seems too obvious not to post. If Rune can...

ChartDudes Updated  Mar 25, 2024

Bitcoin has had a few people panicing recently with it's price action and how it's behaving. However if we take a step back and analyse what's going in the fact of the matter is that its acting rather normal and going through most of the routine price action it usually does. Pullbacks are common place in Bitcoin and crypto currency in general and as it stands...

ChartDudes Updated  Mar 24, 2024

COIN could be forming an Inverse Head and Shoulder's pattern if this $ 50 area holds. Validation above the $ 85-90 area. Target is the distance from the bottom to the top of the shoulders which also happens to coincide with the 100 EMA. TCD

ChartDudes Updated  Mar 14, 2024

ZEC is an interesting prospect right now. Mainly because it's counterparty trust, OTC:ZCSH is trading at a massive premium to spot at the moment. So this begs the question, which one is lying? Historically ZEC has been in a long-term downtrend and generally can be very fickle with what it does and how it moves. This is not a long-term play for me, but it's...

ChartDudes Updated  Mar 7, 2024

Schwager (1996) suggests that profitability from failed patterns is often greater than from correct patterns. At the moment, #bitcoin is in the process of ratifying a failed head and shoulders pattern. With the daily candle already above this 45k range, it would imply a move further to the upside. Immediate upside is 48-49k while a larger move would put us close...

ChartDudes Updated  Oct 23, 2023

Banking Crisis and Technical Rallies If there is one thing that is fundamentally bullish for crypto its bank failures. Crypto was built for this: banks becoming insolvent and the inability to trust the Fed or a third party to secure your wealth and value. And we have gotten nothing short of a major rally over the past few weeks on the back of what has happened....

ChartDudes Updated  Oct 9, 2023

The RUNE EMA's have crossed to the upside indicating that this crypto could be reversing its trend from down to up. If this is the case, it will have more upside left. While it has moved quite a bit, the strength it has shown during this last crypto down move is encouraging. RSI is also showing strength and we have a nice slope up on MACD. There is no telling...

ChartDudes Sep 18, 2023

MU is very interesting to me at the moment, it's currently formed a flag and as you can see in the chart we have had a steady up trend across the board in both price, RSI and MACD. You could argue MACD has already broken out of a triangle type formation to the upside even. The risk-to-reward ratio is quite good, you can place a trade with a stop loss just under...

ChartDudes Updated  Sep 17, 2023

With the lawsuit finally settled for 3M, the base that 3M has been forming might finally play out. Longer term position and play, RSI and MACD look good on the larger time scales. Stop below the lows.

ChartDudes Sep 1, 2023

Good looking RSI here and potentially MACD. If we can get a clean break above this area it could have room to go. Cheers,

ChartDudes Aug 30, 2023

If we can get some momentum on this one, we could see it catapult a lot higher. Need to get above the moving averages and have a solid MACD cross for this to potentially happen.

ChartDudes Aug 29, 2023

This one isn't so much of a technical entry as much of a long term buy and hold position. Technically this could be a right translated cycle low as we have already exceeded the previous low by a couple weeks. Chia's proof of space and time takes the best of Bitcoin and Ethereum and combines them into one block chain. They are also the only ones who did it...

ChartDudes Aug 29, 2023

Pretty good risk to reward ratio IMO. NEO:VISA has been forming this long term ascending pattern and looks good to keep going. This is a long term boring trade that will most likely take months to grind higher. The real question is whether or not we get a pull back to the moving averages. If the market continues up from here I would expect this to do the same. Cheers

ChartDudes Aug 21, 2023

This is a longer term hold for me, I like how HBAR has been reacting to the latest crypto slide, an old cross on the weekly MACD is holding up well and RSI is showing strength on the larger time frames.

ChartDudes Updated  Aug 18, 2023

JD, Fair value on this company is arguably much higher in the $80-90 range. RSI showing strength as price bases out. Inverse head and shoulders pattern. MACD sloping up. A confirmed break with high volume of $40 should signal a continuation move higher.