MasterAnanda
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A major support zone from November 2020 has been left behind. The launch pad for Sushi's previous bull market. Let me explain. Right after SUSHIUSDT became available for trading late August 2020 it started a strong decline. This decline found support at a low point November 2020. To this day, this low remains the strongest and most important support for this pair...
Last week APTUSDT (Aptos) closed above EMA8 and this week it is trading, and set to close, above EMA13. The bullish bias is becoming stronger; notice the bullish reversal pattern in black. Each time this type of pattern showed up Aptos turned bullish. This is the fourth time and it won't be different. It will be different only in the sense that the long-term...
Ethereum will continue rising. Remember Ether is number two and it is awesome, to start, and it follows Bitcoin like darkness follows the light. There is no reason for Ether to move down. There is no necessity for ETH to stop its major advance, in fact, it has been lagging behind and it needs to catch up. Bitcoin is waiting and will continue waiting but it won't...
I am going to assume that you read the XRP update I just published. While these are different pairs, my updates and publications are all related because I look at the entire market—for you—as a unit. The situation with Cardano is different to XRP. Why? Because XRP already broke its previous bullish wave high while Cardano hasn't. This first tells us that Cardano...
XRP just hit a new all-time high and this is truly awesome if you hold this pair, if you were bullish before the breakout, if you bought LONG, etc. It is also good if you are an analyst looking for clues that will tell you what will happen to the Cryptocurrency market in the near future. Remember that XRP moved early to start this cycle and it moved strongly....
Let me give you another pair that is ready to move, just in case you want to make some quick profits for the weekend (next weekend). Good evening my fellow Cryptocurrency trader, how are you feeling in this wonderful day? Everything we were expecting is now becoming all true. The altcoins market is bullish and moving up. We have long-term and short-term charts....
Everything below $2 is quickly bought. No crash is good news. Not having bearish action and bearish follow up on sellers pressure is bullish. XRP is bullish and has been consolidating for months. The longer XRP trades above $2, the stronger will be the bullish wave that follows. We are getting very close. Good evening (morning) my fellow Cryptocurrency trader, I...
Remember the "young charts"? "Not enough data." We now trade the young charts as well but always keep it short-term. Our aim is a maximum of 130-120%. Here I show higher targets but normally that's the range. We go for 10% the first target, more or less, to 120-150% the last target. And of course, short-term for us means one month (30 days). For some people...
The altcoins market bull market is fully confirmed and this confirmation comes as soon as Bitcoin hit a new all-time high. When Bitcoin is strong, bullish yet sideways, the altcoins market tend to grow. The altcoins are growing now, some pairs growing three digits within hours and that's because Bitcoin continues to consolidate near resistance. This same dynamic...
Right now Axie Infinity is trading within the "opportunity buy zone," this is a level just below the support zone from 2024, 2023 and 2022. It is trading in this zone searching for liquidity. Once this move is over, AXSUSDT will never be available at these prices in the future. The lowest will be the long-term support zone from 2022-2024. Can Axie Infinity hit a...
The bull flag is a popular pattern. Everybody who has seen a chart is familiar with this pattern. It is a continuation pattern. When I say that the correction is over I am not talking about the short short-term, I am talking about the bigger picture. Yes, bullish action is expected to start and intensify within weeks, no!, days. But still, with thousands of...
IMX produced a strong bullish cycle between December 2022 and March 2024. The entire bullish wave was corrected beyond 100%. This means that IMXUSDT hit a lower low. It went below the starting point of the last bullish wave. This is good in several ways. The last move being deleted in its entirety opens the doors for a new bullish cycle with unlimited growth...
Frax Share is starting to recover with strong bullish momentum. The low for this pair was set 3-February with what many people call a "scam wick." Higher lows since. A higher low in March then again in April and June. Only a few pairs completed their lows in February and this is good. The scam wick was so strong that you can be certain there is no need for prices...
I took my time drawing this chart for you showing all the different stages of the market cycle. We are looking at Reserve Rights (RSRUSDT) on the weekly timeframe. Full chart » A bear market ends with an ending diagonal pattern and final bottom. » The reversal forms as a classic cup and handle pattern. » The market transitions from bearish to bullish and...
Cosmos is still trading near its market bottom, the "opportunity buy zone" as I call it. This is nothing more than great news. Remember how I mentioned that some pairs are really advanced, trading already very high and this is risky if you want to go LONG? Well, when projects are trading near the bottom of the range; support, all-time lows, this is great news...
The bullish bias for PEPEUSDT is starting to intensify, still early of course. It is still early on this one because the action is still lower than the 19-May high. There are many projects that are already trading above their last high. So it is good news to find a pair that is moving below because we know that soon it will be moving above. In the coming...
The eight weeks of consolidation, 56 days, happened as compressed (sandwich style) action right in-between MA200 and EMA55/89. The EMA55/89 duo worked as resistance while MA200 worked as support. Before a major move the market always tends to produce a form of shakeout. Sometimes it is call a bear-trap, a shakeout, a liquidity-hunt or stop-loss hunt event, a...
This is what I mean: Opportunities are endless in this market. Compare Polkadot to say, Solana or Cardano which I shared just recently. Can you notice the huge difference? First, Polkadot is still trading below EMA89 and MA200 weekly. Not to be taken as a bearish signal but instead to be interpreted as the pair being very early in its bullish cycle. While Solana...
