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DOGE Price AnalysisThe daily chart shows the Dogecoin price continues to grind broadly sideways in a narrowing pennant formation. Forming the lower edge of the formations a trend line at $0.2090. It was this uptrend that provided the catalyst for yesterday’s bounce. Just above the trend line, the 200 EMA at $0.2275 lends its weight to the support. If the price fails to hold above the 200 EMA and the trend line, it will signal an end to the 2021 bull market and likely lead to significant long liquidation. However, for now, the trend is intact. And as long as that stays the case, DOGE has a chance to recover. The first obstacle is the 100 EMA at $0.2632, followed by the 50-day at $0.2729. Successful clearance of the two moving averages should lead to another attempt at trend resistance, now seen at $0.3183. And above $0.3183, the outlook turns incredibly bullish. However, the early signs are that the downside will prevail. Although, DOGE has a habit of surprising.
BINANCE:DOGEUSD
by thomasfullerofficial
1
NEAR/USD ForecastThe daily chart shows that yesterday’s melt-up lifted NEAR Protocol above a descending trend line at $6.90. This accelerated the buying, and as a consequence, NEAR cleared the previous all-time of $7.4500. This now becomes the first level of support, followed by the former trend resistance, now seen at $6.85. How far can the rally take NEAR? Considering the performance against a weaker market backdrop, the price action is definitely positive. Although the parabolic nature of yesterday’s advance has left the market looking a bit stretched. The Relative Strength Index is extremely high, and its 80.10 reading may lead to a correction. In saying that, as long as trend support holds, the NEAR protocol price looks good. Just how good is hard to say. That depends on how the broader market fares in the coming days. Personally, I think chasing this rally is risky until stability is confirmed. However, that made no difference yesterday, and if the price manages to clear Tuesday’s $10.45 high, it could well extend even higher. However, a correction is more probable. Feel free and get in touch for more updates, signals and trade alerts
BINANCE:NEARUSD
by thomasfullerofficial
QNTUSD AnalysisQuant is a fast-growing blockchain network that is in the enterprise industry. The platform’s goal is to connect all the world’s distributed ledgers to help create fast growth. The developers have already built the Overledger DLT gateway that helps to deliver interoperability across different systems, networks, and DLTs. The hourly chart shows that the QNT price has been in a major bullish trend in the past few weeks. In fact, this rally could be described as being parabolic. It has moved slightly above the short and longer-term moving averages. It is currently slightly above the 23.6% Fibonacci retracement level. With volume easing, I suspect that the coin will likely have a major pullback as bears target the key support at $278, which is along the 50% retracement level. On the flip side, a move above $385 will invalidate the bearish view.
BITTREX:QNTUSD
by thomasfullerofficial
TRXUSD AnalysisTRX slipped down on its charts over the last 24 hours and was trading at $0.102. The altcoin had registered a multi-month high yesterday, however, it failed to topple the $0.104 resistance. Its immediate support zone lay at $0.0958, the additional support lines stood at $0.088 and at $0.0816. it's been three weeks since TRX last traded around $0.0816 Buying pressure fell near the 60-mark on the Relative Strength Index after the asset was overbought over the last 48 hours. Awesome Oscillator registered red signal bars. MACD’s green histogram receded and a red histogram was visible. Feel free and get in touch for more updates, signals and trade alerts
BINANCE:TRXUSD
by thomasfullerofficial
LTCUSDLitecoin is a first-generation cryptocurrency that is often seen as a good alternative to Bitcoin, as a result, the two coins have a close correlation. When Bitcoin rallies, Litecoin follows close by and vice versa. In fact, the LTC is currently in a consolidation phase because Bitcoin has found some resistance at the highest level since last week. Turning to the chart, we see that the LTC price has been in a strong bullish trend in the past few weeks. At the same time, it has formed what looks like a bullish flag pattern. This pattern tends to be a bullish signal in price action analysis. It has also formed what looks like an inverted head and shoulders pattern. Therefore, the Litecoin price will likely break out higher as bulls target the key resistance at $250. On the flip side, a drop below $150 will invalidate this view.
KRAKEN:LTCUSD
by thomasfullerofficial
Telcoin Price Chart The daily chart shows that in late July, the Telcoin broke above a descending trend line at $0.2240 on its way to $0.0298. However, the trend breakout failed to attract follow-through buying, and as a result, TEL is retesting the trend, now at $0.0198. Currently, the trend support is holding up, and TEL has managed to bounce 14% to $0.0238. The tightly grouped 50 and 100-day moving averages sit just above the trend line, reinforcing the robust support. Therefore, this is a significant level and should the price continue to maintain above the trend, it’s likely to head higher, and in this event, a move towards the June high of $0.0385 looks probable. However, the bullish view relies on trend support. And on that basis, if the price falls below $0.0198, it will invalidate the thesis. Feel free and get in touch for more updates, signals and trade alerts
by thomasfullerofficial
BTC 3 Phase BreakdownFrom Monday Aug. 23rd until Monday Aug. 30th, we've been in a "3 Pattern Phase" is what I like to call it. Last week (Mon. Aug. 23rd - Fri. Aug. 27th) we were in a Bearish Consolidation. Open Price was $50,491 & the next day Open Price was $49,414, this is a indicator that we may continue to see Bearish momentum. We did hit a high of $49,875, but EOD we were at $47,902 which confirms we are creating Lower Highs & Lower Lows for 2 days straight. Once we broke the Bearish Consolidation upper trendline we hit an Accumulation Phase heading into the end of the week. We close that Friday at $48,955 & consolidate up to 1900 (7:00 p.m.) at $48,828 which is a very strong consolidation for BTC. That may lead us into what seems to be forming into a Bullish Pennant (Purple), which could get us above that $50,000 mark. Or we pullback too $47,800 which would break our previous low. Then it could lead into another Bearish Consolidation (Yellow) phase through the week as we already went over previously.
COINBASE:BTCUSD
by Kyle_Kinnaird
btc not able to break this zone Hi, I shared yesterday that btc will not show big movement in the weekend, not enough buyers to push it through 50, not enough sellers this was expected as we were approaching the weekend This was also predicted by seeing the response either side of it that why I predicted that now you can see it is behaving like that, at any moment it can make a move in the next few hours Please see my previous ideas and prediction and decide for yourself like and comment
by ProfessorMH
BTC Harsh Reality The Definition of "Volatile". Taking a view at things from a far (Daily) it appears we may very well be repeating the same trading pattern as before. We had 4 large jumps in price followed up by slight bullbacks until the last increase was a shallow, followed up by a massive sell-off, leading into this current pattern. What we would like to see is the next move break through the top of this trend line & surpass $50,000. This would show the dominance that Bitcoin & the Crypto Community have. Steming from mass adoption around the world of people who Trust in the Blockchain / "Internet Money", also realizing the issues that it corrects in Life. Or, we could continue on this pattern & really let the Bears take back the market completely, which could lead us to $30,000 as we would be nearing the end of October. Put into consideration the signing of the Legislation Bill will be on 9.27.21, which will have a massive impact on cryptocurrencies especially miners if it doesn't go in favor of Cryptocurrencies. Have a plan in place & only invest with what you're willing to lose.
COINBASE:BTCUSD
by Kyle_Kinnaird
BTC may move sideways into SeptemberWe've been riding a pretty straight Uptrend for some time now, but it appears we may have reached out peak. For now. We tested $50,000 & very well test it again soon, but what follows that will give us a great idea of where we can expect to be in price heading into September. Once we hit $50,000 we could get rejected then slide down & have a slight chance to create a Double Bottom at resistance that isn't very strong. But may be enough to give us support for a reversal & break the $50k resistance. On the other hand, we could break right through that resistance & retest our previous low $45,000 then a phase heading for the end of the month.
COINBASE:BTCUSD
by Kyle_Kinnaird
BTC Next BIG MoveTaking a look at the Daily chart, Bitcoin is nearing a very important resistance of $52,000! What ensues will determine if we will be nearing our ATH of $60,000 in September or if we will have another sell-off sending us down too retest our floor of $29,500. If you take a look at the RSI it indicates we are in a bit of a downward consolidation which is typically followed by a massive swing in price. What's to come next will have a huge impact on the Crypto Market as a whole. I am BULLISH!
COINBASE:BTCUSD
by Kyle_Kinnaird
BTC September Price RangeMass Integration may begin to roll in once we are clear of the this Bill. With that being said here are my price predictions as we move through August & into September. If the bill gets strung out & things get messy, say it carries over another full week we may find ourselves in a Head & Shoulders & may consolidate between $36k - $40k. Say we get clear of the Bill, we will continue to create Higher Highs with slight pullbacks which should put us around $52k end of month. We get clear & Mass Adoption kicks in, we may see those Feb. 2021 spikes kick in & send us to $60k+.
COINBASE:BTCUSDLong
by Kyle_Kinnaird