Hi Traders, It only makes sense to analyse BTC as all other crypto follow trend. We have seen a nice retracement testing the $17500 area. It has sense testing increased to the top grey zone. There has been great accumulation in orders too which is signalling a large move is on the forefront. Thanks The Market Sniper Team
Hi Traders, We're back with an XRP update. The crypto market carries on being extremely volatile over the last few days with price tracing lower. The next level to test as support will be around the $47 mark. Even though we are seen to be in an descending channel the next strong level of support after the $0.47 mark is around $0.35, so this something to keep in...
Hi all, XRP is currently down nearly 28% from last month's all time high of $0.78. We saw a full 0.618 (68%) retrace from this high to then entering a downward channel. This channel has proven itself through price retracing off the bottom and top numerous times. Yesterday we saw a 20% gain from the bottom to the top, roughly from $0.50 to $0.60. We are still...
Hi Traders, Another update on BTC, we could see either scenario play out. Firstly, we could see price break the bottom of the triangle and go lower to test the bottom of the channel+support. This would mean there would be an accumulation of buyers as price falls to the next support level (0.618 fib) or even lower to around $17000. Secondly, the scenario which my...
Hi Folks, Just a quick update on our last XRP post. On our last post we depicted and briefly explained that price had compressed into a symmetrical triangle, with the intention of price breaking to the buy side. However, price action has slowed down and there could be a chance that pice breaks to the down side and retest the grey are $0.54-$0.50. Just something...
Hi Traders, XRP is following a very similar trend to BTC. Price has compressed into a symmetrical triangle. It looks like we might see a breakout to the upside and retest of the $0.8 level depending on how quickly we break the current resistance levels. Thanks The Market Sniper Team
Hi Traders, Update on BTC. Price has its been compressing into a symmetrical triangle for the last week. There has been a steady increase in accumulation which may indicate positioning taking place. RSI is also looking bullish with plenty of room to increase into. Thanks The Market Sniper Team
Hi all, We have a quick update here. Currently in a range however price is still looking bearish. Price has tested the 0.618 fib, however we may see an increase to the 0.786 $0.655 level. Thanks The Market Sniper Team
Welcome Traders, An update on the on going XRP price action. Price is searching for resistance with buyer back in control. We will be looking for a retrace to the 0.618 Fib, however price may go deeper and reach the 0.786 Fib. Thanks The Market Sniper Team
Hi Traders, Update to the last oil trade. We will be looking for a retrace down to anywhere inside the grey rectangle (short term). We have also seen some nice volume and confirmation that buyers may want more. Thanks The Market Sniper Team
Hi Traders, BTC is still currently looking bullish and in fact so are cryptocurrencies in general. BTC tends to lead the way for crypto pricing so therefore it makes sense for an analysis to be drawn. As mentioned above BTC is still bullish meaning that there could still be more tests of the all time high to come in the short term, we will be looking at what...
Hi Traders, An update on the most recent ripple update, sellers have taken control and looks like price wants to come down further. It is still yet to test the 0.618 Fib which has been past resistance and support. The RSI is also bearish with the combination of accumulation slowing down. This is a short term perspective as the overall Thanks The Market Sniper Team
Hi Traders, We have seen a huge sell off at $0.68 area. With a correction down to the support level, if we get a strongwomen rejection from this support level $0.56 area. This could be the whales in the market creating some liquidity in the market to buy at a cheaper level by liquidating long positions take price higher. If sellers take control of this market and...
Hi Traders, We have here an ETHUSDT chart analysis. We begin by taking a look at the weekly timeframe where we are able to see key levels of supply and demand. The price consolidated between support ($81) and resistance ($309) where it later broke up through the resistance creating a new year all time high ($500) for it to then retrace to our past resistance at...
Hi Traders, An update here on our last XRP post. We hit the desired support level/ key level pointed out on the last post. Since then we have seen a slow push higher, with the next resistance at $0.65. If it breaks this level then we will almost most definitely test the last high at $0.79. If price manages to break this high then we will look for an increase to...
Hi Traders, We have here an update on crude oil, more specifically West Texas crude. Last week we saw weak economic data coming out from the US but however price for crude somewhat stayed steady. How much longer can prices stay optimistic in the mist of weak data? We can also see that there has been a divergence in accumulation of orders within he small pullback...
Hi Traders, We have seen a nice retrace back up to the 0.618 Fib, also testing past support. We would like to see price come down and test the area within the grey box ($17500-$17850) and to also gain some more liquidity. RSI is in the overbought area on the 4hr chart signalling a potential short term fall in price. However, we have seen an accumulation of...
Hello and welcome, We have here a follow on from my last post which I have linked to this post at the bottom. On my last post I explained how there was a key level of support for price to challenge. Price has come down to the key level and retraced, adding to the bullish narrative. We also have a continuation of accumulation happening in the market. Our RSI...