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1 803
Ethereum support 1620 resist below will be crash to 1605 or 1575. For pump Ethereum need to resist above 1665 after that Ethereum will make high to 1690 or 1710.
1 803
Repost from Crypto Skull
π₯ MATIC Perfect Rising Wedge: Time For Correction?
MATIC has been seeing very good returns over the past weeks. However, during it's uptrend it has formed a rising wedge on the chart, which is classically a bearish reversal pattern.
BTC is showing some weakness, so it might be that this pattern will play out. Wait for the price to close below the wedge's support to confirm the reversal.
Targets in blue. I'm not expecting a longer term trend change, so might actually be a decent idea to buy in from the blue areas.
This signal will be invalidated if MATIC will break through the top resistance. Be patient!
1 803
π₯ Bitcoin Retesting Channel: FOMC Fake Out WARNING π¨
I've been fairly bearish since BTC failed to break through the top resistance of the channel a couple of weeks ago. However, BTC's price action this week seems promising at the very least, so we have to consider different outcomes at the very least.
My anticipation for the coming week is that we're going to retest the top purple resistance. We will get some decent volatility during tomorrow's FOMC, so a sudden bullish move is not ruled out.
With inflation rising again, there's little reason for markets to pump. So I will be looking for a sudden bullish move upwards during the FOMC, ideally getting above the resistance, and then reversing quickly, leading to a fake out. A perfect bearish trade would be to step in during the fake out and ride the bearish move all the way down towards 20k.
1 803
Repost from N/a
#MTL/USDT
SHORT 10x
Entry: 1.8500 - 1.9200
Targets
1.8320
1.8140
1.7900
1.7700
1.7500
1.7230
Stop: 1.9600
1 803
Repost from N/a
#LINA/USDT
Short 10x
Entry: 0.01825 - 0.01955
Targets
0.01803
0.01765
0.01730
0.01690
Stop: 0.01991
1 803
Repost from Crypto Skull
π₯ ATOM Weekly Triangle Break Out Confirmed: Gains Ahead
Ever since ATOM bottomed in June last year, this token has been trading inside a massive triangle pattern , marked by higher-lows and lower-highs.
However, with Bitcoin breaking through $20k, ATOM has finally found the confidence to break out of this consolidation pattern. Furthermore, ATOM has retested the resistance as support, which is classically a very bullish thing to occur.
In my view, we're going to see a continued move up. Targets in blue.
1 803
π₯ Attention Litecoin Holders: Convert To BTC While You Can! π¨
If you enjoy this analysis, please give it a like and a follow.
Today is the big day: the third LTC halving will happen in a couple of hours. This means that the rewards from mining will be halved, same as the BTC halving.
Although the LTC halving has been generally a bullish event in the months before the halving, it has always been a bearish event once it has happened. Buy the rumor, sell the news.
As seen on the LTC/BTC chart, it has historically ALWAYS been a better option to convert your LTC to BTC after the halving. In other words, BTC has always outperformed LTC in the months after the halving.
Do with this info what you want. All I know is that Bitcoin will very likely outperform Litecoin for the coming months.
