Chainlink has grown from strength to strength since after trading within an up-channel since the last several weeks. The price had established a leg above the 50% Fibonacci level, weak resistance areas could see LINK close the gap to its May ATH at a relatively faster rate. However, some warnings signs cropped up on theContinue reading “Chainlink’s strong uptrend must pull through this level to avoid dire outcomes”

Polkadot slipped below its lower trendline following a descending triangle breakdown. As a result, DOT has shed over 11% of its value over the last seven days and was the coin that made most weekly losses, among the top the coins by market cap. On the charts, DOT was being help up by the 4-hourContinue reading “Polkadot could continue its drawdown following these signals”

Decentraland’s native token MANA has generated a monthly ROI of 370% and looked determined to set higher records following a descending wedge breakout. Although the breakout target had been achieved, strong buy volumes could push MANA to its 78.6% Fibonacci level before an overbought RSI triggers a correction. At the time of writing, MANA tradedContinue reading “With these factors fueling it, MANA can stretch to $5 prior to correction”

Since late-September, Dogecoin has traded within a steady up-channel, barring a false breakout on 28 October. With the 50-SMA (yellow) about to cross above the 20-SMA (red), DOGE could weaken below the 38.2% Fibonacci level and form a new low at the bottom trendline. From there, chances of a breakdown would come to light ifContinue reading “This strategy is ideal for traders in the Dogecoin market right now”

Bitcoin has lined up a bearish divergence on its daily chart which suggests a pause to its late-September uptrend. Over the short-mid term, BTC would look at cutting losses, at its immediate defenses while lining up the next up cycle. At the time of writing, BTC traded at $63,916, down by 2.3% over the lastContinue reading “What happens if Bitcoin foregoes the $63,000 price level”

XRP is at risk of an ascending channel breakdown following an impeding fourth assault at the bottom trendline. A close below 10 November’s swing low of $1.12 would confirm a breakdown and carve a path towards the 38.2% Fibonacci level. For the optimists, this defensive region would present long opportunities since it also clashed withContinue reading “XRP traders can long here to make the best out of its near-term price action”

Solana has extended its correction for five days, having lost 13% of its value from an all-time high of $260. With the MACD and RSI lining up chances of further losses yet, SOL could stretch towards the 50% Fibonacci level, over the near-term. As the Bollinger Bands and RSI reach oversold territory, expect bulls toContinue reading “These signs indicate that Solana is due for an immediate reversal”

Litecoin projected a 100% upswing following a cup and handle breakout. A move above the Golden Fibonacci Zone would set LTC on course to a breakout target at $360 and another possible 50% surge at the upper sloping trendline. However, LTC might need to deal with a near-term correction before the projected rally as itsContinue reading “Litecoin braces for a 100% liftoff following cup and handle breakout”

Loopring has seen two massive rallies since the last week of October. Following a 450% surge to $1.9, LRC continued to rake in gains on the back of a bull pennant breakout. Furthermore, LRC had potential for another 135% upswing towards the breakout target set by the pennant’s flagpole. Post a near-term correction stemming fromContinue reading “Loopring could pause at this point before achieving its final target of $5”

Ethereum Classic has toppled the upper trendline of its symmetrical, thereby setting a possible 85% surge in motion. A daily close above the 200-SMA (green) would help confirm an extended rally all the way towards the 50% Fibonacci level at $103.6. From there, an overbought RSI could trigger a minor correction before ETC commences forwardContinue reading “Ethereum Classic targets an 85% ascent following symmetrical triangle breakout”

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice Underpinned by a risk-on broader market and Bitcoin’s succession to new heights, smaller rival Bitcoin Cash has maintained a consistent uptrend over the last 3 days. In fact, BCH recorded a percentage increase ofContinue reading “Bitcoin Cash: This resistance trifecta could spoil chances of a 20% rally”

Disclaimer: The findings of the following article are the sole opinions of the writer and should not be considered investment advice While the Cardano v. Ethereum debate is far from settled, ETH has a clear lead at the moment. Not only is ETH’s market cap over 8 times ADA’s, but over the past month, ADA’s ROIContinue reading “Cardano is still looking weak, but here’s how this might change”