Polygon (MATIC) technical analysis: Trade setup : Pullback near $0.75 support and 200-day moving average could be an attractive swing entry. Trend : Downtrend on Short- and Medium-Term basis and Neutral on Long-Term basis. Momentum is Bearish (MACD Line is below MACD Signal Line, and RSI is below 45). Support and Resistance : Nearest Support Zone is...
DogeCoin (DOGE) technical analysis: Trade setup : Trading in a Descending Triangle. Wait for a breakout. Price is nearing a pinnacle of the wedge, hence a breakout in either direction is imminent. Pattern : Price is trading in a Descending Triangle pattern. Typically, a breakout will occur in the direction of the existing trend. Most traders will take a...
Ape Coin (APE) technical analysis: Trade setup : Trading in a Channel Down pattern, attempting to break out. Price failed to break out once already and returned to the Channel Down. Wait for a breakout, ideally above $4 resistance. (set a price alert). Pattern : Price is trading in a Channel Down pattern. With emerging patterns, traders who believe the price...
ChainLink (LINK) technical analysis: Trade setup : Price broke back below $7 and 200-day moving average and appears to be trading in a Sideways Channel ($6-8). Swing traders could trade the channel: Enter near $6 support and exit near $8 resistance. Recent rally was driven by launch of staking service. Pattern : Price is trading in a Sideways Channel , which...
Chiliz (CHZ) technical analysis: Trade setup : Price got rejected 4x at $0.27 resistance zone after which it broke below $0.18 and $0.15 and $0.12 key levels, signs of Downtrend. However, price is now very oversold (RSI < 30) and near $0.10 support, which could be swing entry for near-term bounce. Chiliz is a digital currency for sports and entertainment,...
THORchain (RUNE) technical analysis: Trade setup : Trends are mixed. Wait for price to 1) break above $1.50 resistance, with upside potential to $2.00, or 2) pull back near $1.00 support for swing entry. Trend : Uptrend on Short-Term basis, Neutral on Medium-Term basis and Downtrend on Long-Term basis. Momentum is Mixed as MACD Line is below MACD Signal...
AAVE (AAVE) technical analysis: Trade setup : Swing Traders: Wait for pullback near $50 support area, which could be a swing entry. That’s where price found support in June. Trend traders: price needs to break back above $70 resistance and 200-day moving average (~$80) to reverse downtrend. Previously, price broke out from Falling Wedge, and reached $100...
Monero (XMR) technical analysis: Trade setup : Price is trading in a Channel Down pattern. It rebounded from Support zone ($125-130) and reached stiff resistance area near $150. This is a critical level. Price is likely to get rejected here, but if it’s able to break through, it could revisit $175 thereafter. Pattern : Price is trading in a Channel Down...
Polygon (MATIC) technical analysis: Trade setup : Pullback near $0.75 support and 200-day moving average could be an attractive swing entry in Uptrend. Trend : Downtrend on Short-Term basis, Neutral on Medium-Term basis and Uptrend on Long-Term basis. Momentum is Bearish (MACD Line is below MACD Signal Line, and RSI is below 45). Support and Resistance :...
Litecoin (LTC) technical analysis: Trade setup : Bearish RSI divergence signaled that price could not hold above $75 key level and pulled back near $60 support and 200-day MA, which could be a swing entry opportunity. Price remains in an Uptrend. Pattern : Bearish RSI divergence occurs when a coin makes a new high in price but the RSI does not make a...
Monero (XMR) technical analysis: Trade setup : Price is trading in a Channel Down pattern. It rebounded from Support zone ($125-130) and reached stiff resistance area near $150. This is a critical level. Price is likely to get rejected here, but if it’s able to break through, it could revisit $175 thereafter. Pattern : Price is trading in a Channel Down...
Litecoin (LTC) technical analysis: Trade setup : Bearish RSI divergence made us cautious and indeed price could not hold above $75 key level. Price remains in an Uptrend and pullback near $60 support and 200-day MA could be a swing entry opportunity. Pattern : Bearish RSI divergence occurs when a coin makes a new high in price but the RSI does not make a...
Trust Wallet Token (TWT) Analysis: Trade setup : Pullback in Uptrend opportunity. Price was 2x rejected at $2.75, forming a bearish Double Top pattern, and pulled back to near $1.25 support. It is getting oversold (RSI ~ 30) as well and could see a bounce up near-term. Trend : Downtrend on Short-Term basis and Uptrend on Medium- and Long-Term basis. ...
DogeCoin (DOGE) technical analysis: Trade setup : Weakening momentum near-term suggests price could revisit $0.075 suupport. Wait for a pullback near $0.075 support for a potential swing entry. That’s also near 200-day moving average (another support area). Previously, after massive gains, price got extremely overbought (RSI > 90) and pulled back. Trend :...
Monero (XMR) technical analysis: Trade setup : Price is trading in a Channel Down pattern. It rebounded from Support zone ($125-130) and reached stiff resistance area near $150. This is a critical level. Price is likely to get rejected here, but if it’s able to break through, it could revisit $175 thereafter. Pattern : Price is trading in a Channel Down...
Binance (BNB) technical analysis: Trade setup : Trading in a Sideways Channel. Price bounced off of $260 support (big volume) and broke above $300, but failed to hold. Now it’s pulled back near 200-day moving average, which could act as a support and be a good swing entry opportunity. Pattern : Price is trading in a Sideways Channel , which is a neutral...
ChainLink (LINK) technical analysis: Trade setup : Price broke back below $7 and 200-day moving average and appears to be trading in a Sideways Channel ($6-8). Swing traders could trade the channel: Enter near $6 support and exit near $8 resistance. Recent rally was driven by lanch of staking service. Trend : Downtrend across all time horizons (Short- Medium-...
Ethereum (ETH) technical analysis: Trade setup : Following a breakout of Channel Down pattern, price rallied to and got rejected at $1,700. Hence, price made another Lower High and Lower Low, signs of Downtrend. Wait for price to 1) break back above $1,500 and 200-day moving average to reverse the downtrend, or 2) pull back near $1,000 support for a swing...