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Altcoinseason

Neutral on NEO, until... hi @shayyaaneshan, here's the NEO analysis that you requested. NEOUSD has been stuck in a range for 2 years. From $5 to $25. Good news is that current price is testing the downwards trendline and also pushing against the weekly ichimoku cloud (using crypto settings). A rise from current price of about $13 to a closing weekly price of about $15 (or higher) suggests a test of the trading range ($25) and possible continuation all the way up the cloud to $100, a 600% gain. The rise from $15 to $25 seems totally reasonable based on the technicals. We'd have to re-evaluate the chart once it reaches there to assess the breakout to that higher target of $100. MACD and RSI both point up. But until price closes inside the cloud above the downtrend resistance, it could just as easily get pushed down again from current price by bouncing off the bottom of the cloud and getting rejected once again by that downtrend. Until NEOUSD breaks above downtrend resistance and cloud, we're Neutral.
BINANCE:NEOUSD
by Sparkster
1
XRP/USD NEW HIGHS ON THE HORIZON? ENGLISHBitcoin is acting up as usual. After the $100,000,000 liquidation hunt that occurred yesterday, I think we may be looking for an interesting weekly closing candle. That in mind, in this chart, the orange dotted line is where we should aim to break and hold. That represents the weakest resistance. Should we break that and the following red dotted line, I would like to see a quick push back to 30 cents by the middle of next week, if not by the end of today. Entry : 0.27676 SL : 0.24722 I chose a riskier stop to avoid the stop hunts that frequent this asset, well, this asset class as a whole. LOGIC FOR LONG ENTRY : 1. BTC's prospective health prehalving. 2. Broke back above and held support on the 3hr. 3. XRP reached over 35 cents when BTC was meddling around at the 9.9k-10.2k levels, which I expect us to return to shortly, maybe today, or the end of Sunday. 4. Financial sector prospective reform. 5. Top 5 market cap cryptocurrency. 6. "Altcoin SZN BRUH". 7. Practical use case. 8. We are still in a bull market.
KRAKEN:XRPUSDLong
by Z3R0Matrix
Altcoin multi-year pattern breakout to 225 billion?Early January I published 2 bullish fractals for the altcoin market. Since I shared this, the altcoin market almost did a 2x. One monthly chart fractal , containing a bullish engulfing candle after a double bottom, back at 64 billion. The daily chart fractal displayed a breakout of a descending channel. Even though we're only halfway through February, current charts show a breakout of a 2,5 year symmetrical triangle that has the potential to propel us back to ATH. At the time of publishing, we are right at strong monthly resistance of 113 billion. If this is decisively broken, get ready for 225 billion. After that, were off to all time highs. RSI has already broken out of a multi year downtrend too, with a lot of room to grow.
CRYPTOCAP:TOTAL2Long
by Nick010
6
Has Alt Season arrived?With BTC climbing we are this time seeing much of the altcoin market overtaking it and BTC Dominance falling. But has altcoin season definitely arrived and a sustained bull market to come? From a technical point of view I'd be reluctant to call it this until the total market cap at least breaks above the 0.236 line of the current cycle's high and low. We tapped this level in June last year when BTC reached $14k. One bullish sign is that we have closed nicely above all key EMAs on the Weekly. However the RSI is reaching previous resistance and also the Stoch RSI looks like it could cross down in the next couple of weeks which is often a strong indicator. We may see plenty of cooling off even on the way to the .236 if we make it. I think on balance of probabilities that we could continue to see some bullish price action for a couple of months at least until the Bitcoin halving in April/May. However whether altcoins outperform BTC in this time is harder to predict. I am treating this time as an opportunity to diversify risk but always measuring gains in BTC. Always examine each opportunity on its own basis, look for sound entries and manage risk reward.
CRYPTOCAP:TOTAL2Long
by mastaplan
! ADA Skyrocket ! - soon and here's whyHi! 1. Huge fall down into the lowest low. 2. At our current lowest (where we are right now) We see only sideways movement. = Big Money is not pushing the price higher while accumulating ADA coins slowly and steady without anybody noticing and without making any huge moves. The aim is to accumulate as much as they can without people noticing. 3. After accumulating has completed. We are now ready to get into the stage where we break out of the resistance zones and start huge green candles quickly so that no body gets in. Only after the prices already skyrocketed 50-100% people will start posting bullish charts or news on ADA. 4. Also we have !(WEEKLY)! Bullish RSI divergence. = This is a sign of accumulation as the price keeps falling down, the acceleration of its fall keeps decreasing = Whales and even other investors are buying up a given asset. Dont forget to hit a like and follow for my analysis! :) Have fun with big profit soon! :)
Long
by TradingandNews
(BTC.D) Altcoin Dominance Eyeing Up A Breakout to 40%With altcoin dominance closing back above the rising 200 Week MA last week, confirming Bitcoin's long-term weakness in market dominance, "ALT.D" (1-BTC.D+99) has again held the 30% support a second time and is looking for a breakout above 33.75% with a target to 40%. This would additionally be a TD Sequential trade on the Weekly chart with a Green 2 going above a Green 1, with oscillators (RSI, CMF and MACD) pointing to further upside. There will likely be some resistance and profit taking around the 50 Week MA around 35%, half way to the target, but I don't expect it to hold for long if volume continues to rise. The momentum would likely be too strong preceeding the confirmed trend change. Reward/risk: 2.1 Entry: 33.76% - TD buy signal and and new swing high since July 2019 Target: 40.7% - Previous support level as resistance and 100 Week MA confluence Stop Loss: 30.50% - Breakdown below the open of the 1 candle, 21 Week MA and into support range = bearish To me, this is a perfect trade. Previous altcoin dominance TA: Altcoin Speculation Coming Soon... (October 2019) Altcoin Dominance Bouncing From 0.382 Fib Retracement (September 2019)
CRYPTOCAP:BTC.DLong
by dragononcrypto
Bullish altcoin fractal - Total altcoin marketcap to grow 173%?Bitcoin has seen an exponential rise, and if you ask around in the crypto space, this would mean that altcoins bleed. However, I'm seeing a bullish fractal on the cards. Bitcoin, depending on how you draw the descending channel lines, may or may not have broken out of the descending channel. With the altcoins, it's very clear that it's broken out of the descending channel. Also, near the start of the last altcoin boom, the 9 and 21 daily EMA crossed above the 55 EMA. Right now, the 9 EMA has already crossed and it looks like the 21 will soon follow. The last altcoin boom lasted about 5 months, so, although past performance is not indicative of future results, could we see an altcoin season until the halving?
CRYPTOCAP:TOTAL2Long
by Nick010
Last Bitcoin rise before FALL and a new ALT SEASON!!!Hi! For this TA I am using Elliot-Wave Theory to determine the current move and the cycle of this run. Therefore judging by EW-Theory it looks like we seem to be in the 5th wave up, going up until December/ end of December. From there on the BTC Dominance will meet resistance and an urge to cease itself down. This on the other hand implies that an ALT SEASON is on its way. Ultimately thanks to the BTC Dominance chart together with EW-Theory we can analyse that a similiar move the way it was back in 2017 November/ December is about to happen. Trade Safe! I would be happy if you hit a follow. I want to keep you updated with data and facts! :)
CRYPTOCAP:BTC.DLong
by TradingandNews
3