Price compression over the past hours, breakout will show a spike in volatility, prepare to trade the breakout confirmations. This break could be a key moment short term and mid term.
BTC recent reaction bouncing off the 20 ema as it played catch up during the retracement is very bullish in my opinion, was a very healthy correction and may have lead to the formation of a head and shoulders pattern.
$ADA about to make a move, price targets from the pattern align well with a strong support and strong resistance level, depending on if it breaks to the upside or downside. I'm personally in a long position, but my stop loss is much below the breakdown of the pattern if that does play out. Overall I think ADA is set up to make a strong move to the upside in due time.
This is a seemingly random chart but I think it could tell a good story.
The red squiggly line is the 20 ema on the daily, which normally signals the trend of BTC. Breaking above it for a prolonged period of time = a good uptrend. This the ATH BTC has only been above this ema once on the daily, but for a short period of time during the 50k bull trap 23rd - 28th...
After the positive FED news of interest rates remaining the same, the S&P500 has responded positively and reclaimed the 200ema on the daily time frame. Pay attention to the aftermarket movements and the close on Monday, as this is still an ongoing battle and markets are still volatile.
A high timeframe level of around 39.5k as well as the 20ema on the daily which has recently acted as resistance. This would a be a key level worth bearing in mind when approaching, the breaking would be pretty bullish, but id expect it to act as resistance and potentially get rejected from it.
Will dominance, reclaim the trend, hit it as resistance and fall, or is it just slightly bouncing before falling without coming into contact with the trend. We will find out soon, it seems to have found support at a very local level
BTC dominance is currently in a rising wedge which it entered from a downwards trend, these typically break to the downside. The trendlines are well respected and in my eyes valid.
A weekly close breaking the pattern could give a price target of around 0.5. But there is still over two days remaining, if a spring occurs in btc i can still see this candle finishing within the pattern. This could well be a bear trap, the next few days will give more insight. Remain calm and trade confirmations.
ADA is set to launch SundaeSwap on 20th of Jan, this signals the start of Cardano's movement into defi/NFTs. Although this is exciting there is also speculation on whether Cardano is capable of running with the increase in transactions this will cause. However with scaling being a clear goal within 2022, I think its clear ADA is heading in the correct direction....
I've been looking closely at XRP the past weeks, not just statistical analysis but also the news on the SEC lawsuit. I'm predicting very bullish movements before/up until the 20th of jan as the price action will have to make a decision. There's two key trendlines which have been acting as support or resistance and are converging in subsequent weeks. As the rest of...
