Fan Crypto

2022-11-29 08:31:19 #Litecoin- New leg up?

In my previous Litecoin analysis, I said that the structure for this coin is very bullish and we can have a rise towards 100 important figure in the medium term.
Indeed, after a very short-lived spike under 60, LtcUsd has risen and broke above 65 resistance which was also the resistance of an ascending triangle .
Acceleration followed and a top around 80.
After this top a correction was normal and, the Pin Bar from yesterday exactly at the beginning of November's top could signal a new leg up.
I expect continuation and Ltc back above 80 would bring confirmation for this.
My target remains unchanged, towards 100.
Only a daily close under 65 would change my bullish outlook. Open / Comment

2022-11-29 07:37:33 #Trust wallet could rise above 3usdt

After breaking above the important 1.35 horizontal resistance, TWT accelerated its gains and doubled its value in just a few trading days.
Now the token corrected this move and it's consolidating its gains and a new leg up is very probable.
The structure remains very bullish and dips under 2usdt should be bought.
The target can be 3usdt with 3.5 in extension. Open / Comment

2022-11-22 07:09:33 #Litecoin is pressing in resistance

As I've written in my previous analysis, Litecoin is a coin that I like a lot...
As we can see from the posted chart, after a short-lived drop under the 50 support zone , the coin recovered very quickly and since then, the price action is pretty constructive and is carving an ascending triangle on our chart.
At this moment 60 zone offers support and a break above the 64-65 zone resistance could lead to acceleration to the upside and expose the 75 zone. Open / Comment

2022-11-13 08:32:19 I say very often in our chat that you must accept that you could loose before opening a trade
This is a short article about this

https://www.tradingview.com/chart/XAUUSD/4iXeftRO-Dealing-with-losses-before-they-happen/ Open / Comment

2022-11-12 07:53:58 #Bitcoin- New leg down?

In my previous Bitcoin analysis, I said that in current market conditions selling rallies is the safest way to trade and I indicated 18-18.5k as the zone to do this.
Indeed, after the break of support and the steep drop from the beginning of the week, Bitcoin rose, corrected the dive, and confirmed the 18k zone as new resistance.
The price action from the past 2 days is drawing a small triangle on our short-term chart and this could be an indication of continuation to the downside.
The base of the triangle is around 3kusd and this gives us a target of around 14k for the next drop.
Only the price back above 18-18.5k in terms of daily close would put a pause on the drop and signal a potential range trading for BTC . Open / Comment

2022-11-11 06:25:53 #Binance coin held the best

Besides Eth and Ltc, Bnb is another coin that I like a lot in current market conditions, and looking at the posted chart you'll understand why.
Since the ATH in Nov last year, the coin also entered a downtrend, but in mid-June 2022 we have a clear bottom here. A break above the falling trend line followed at the end of July and since then we have had consolidation and range trading.
250 is clear support here and most probably a lower high.
400 with 450 in extension could be bulls targets and only a drop under 250 would put this bullish scenario into question. Open / Comment

2022-11-11 05:58:36 #Ethereum- False break of support and reversal?

After a rise towards 1700 resistance at the beginning of the month, Ethereum has also dropped hard like all the crypto market and took a dive under the 1200-1250 important zone.
However, this drop was quickly reversed yesterday to put the coin back above support.
At this moment there is a high chance that the drop was a false break and a reversal to the upside could follow.
Clarification for a sustained up trend comes once Eth breaks back above 1400 and a break under 1k zone would negate this scenario.
2k can be the target for medium-term bulls. Open / Comment

2022-11-11 05:09:17 #LTC- A coin that I like a lot (100 is my target)

As I said this in the past, Litecoin is one of the most technical coins out there and very clear when it comes to analyzing it.
As we can see from the main posted chart, after a dive at 40usd in the middle of June, the coin reversed and started to trade in a range between 50 and 65.
Last week, after touching the 70 important resistance, LTC took a dive as all the crypto market, but bulls stropped its descent in the 50usd support zone and a strong recovery followed yesterday.
At this moment we can consider 50 as a bottom and expect growth from now on in the medium term.
A rise above 65 could lead to a break above 70 resistance and once this is cleared, 100 important figure is in focus (and also my target).
Dips under 60 should be bought and a clear daily close and selling pressure under 50 would change my bullish view for this coin. Open / Comment

2022-11-10 07:06:10 #Bitcoin- Don't try to catch a falling knife. Sell rallies instead!!!!!

Two days ago I warned that Bitcoin could fall and since then, the price has lost more than 20%.
After such a dive is normal to expect a correction and this, indeed, is very probable.
However, if you are a short-term trader and you are not a buy-and-hold one, trading against such a strong move is extremely dangerous.
Considering the importance of the break after more than 4 months of consolidation the safest way to trade is to sell rallies.
At this moment 18k-18.5k represents a strong ceiling and in this zone (if is reached) traders should look for selling opportunities.
In my opinion, Bitcoin has not reached the bottom, and a new wave of selling will follow an eventual correction. Open / Comment

2022-11-08 07:19:49 #Bitcoin- Will it break down this time?

Since June, Bitcoin is trading in a range and for 6 weeks now, the price evolution is annoying, to say the least.
After a new dive under 20k in October, the price recovered but, looking at the posted chart we can see that bulls are lacking power and this rally is a dead cat rally.
As I was writing Bitcoin lost 500usd and is trading now under 20k.
I expect more downside and this time we can have the break under the recent low.
Rallies above 20k are to be sold and only a daily close above 22k would change this perspective. Open / Comment