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2022-04-19 15:29:13 FREE BTC.D ANALYSIS UPDATE

BTC.D undergoing a consolidation phase

- Yello, ladies and gentlemen !

Our prediction continues to come true and after the break below the ascending channel, we have seen a 4% decline in the Bitcoin Dominance.

BTC.D has entered a short-term consolidation phase and currently trading between 41.40% support and 42.2% resistance. At the same time, lower highs and lower lows pattern is in place, confirming the validity of a downtrend.

After the consolidation is over, which can be any time, BTC.D is expected to drop further. The nearest critical support is at a 40% psychological level, which should be tested in the weeks to come.

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2022-04-16 00:09:09 FREE CRYPTO INDEX ANALYSIS UPDATE

The bottom has been formed

- Yello, ladies and gentlemen !

Bulls won the battle at our projected support. There were a bounce off the simple uptrend trendline and 61.8% Fibs at 242,000.

During the past week CIX has been consolidating between 239-257k. But today we can witness an attempt to break above the downtrend trendline.

If/when CIX breaks higher, bullish pressure should increase exponentially. In this case, the CIX long-term uptrend will most likely continue. At the very least price should be aiming for the 286k supply area. Only daily break and close below 239k will completely invalidate the bullish outlook.

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2022-04-13 02:01:38 FREE ETHEREUM ANALYSIS UPDATE

Will Ethereum hold the 3k psychological support

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Previously we pointed out that ETH is trading at the resistance and there must be a daily break and close above resistance for the uptrend to continue. The ETH didn't break $3533 and correction took place.

Currently Ethereum is trading right at the $3000 psychological support, a level of interest for buyers. At this point, we don't know if 3k support will be respected, but if it will, ETH will continue the long-term uptrend.

The long-term uptrend remains valid because ETH/USDT is trading within an ascending channel. Besides, since the $2144 bottom formed, ETH price has been producing higher highs and higher lows.

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2022-04-11 23:50:53 FREE CRYPTO INDEX ANALYSIS UPDATE

CIX wide range trading is not over yet

- Yello, ladies and gentlemen !

One of our expected CIX scenarios came true, and we already witnessed a 17.43% correction. What is important is that CIX has approached the 61.8% Fibonacci retracement level along with the simple uptrend trendline. Therefore, the 242.000 area can become strong support, but we need a few more days to see whether this area will be defended by the bulls.

It is important to note, that CIX is now trading within a wide price range, between 200,000 support and 280,000 resistance. Yet, CIX is producing higher highs and higher lows, validating a long-term uptrend.

If bulls will dominate and the 242.000 demand zone will be respected, we are likely to see a continuation of an uptrend. Alternatively, upon the break below the current support and the trendline, CIX can potentially decline towards the next key support at 220,000.

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2022-04-09 05:03:06 FREE CRYPTO INDEX ANALYSIS UPDATE

CIX is trading at the projected support

- Yello, ladies and gentlemen !

In our previous CIX analysis, we provided two scenarios of a pullback. The initial scenario, where we expected CIX to test 257,000 support, came true.

Considering that CIX is trading in the demand zone, buying pressure can start to increase once again. In the long run, this should result in a huge upside potential, where CIX should be aiming for the 342,000 resistance area.

On the other hand, if CIX breaks lower, sellers can take over, which can be quite negative for the crypto market.

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2022-04-06 00:06:18 FREE BITCOIN ANALYSIS

How the BTC consolidation will end up

- Yello, ladies and gentlemen !

Looking at the mid-term Bitcoin price action, we can point out the support and resistance levels. The support has been formed at $44,226, which initially was an 88.6% Fibonacci resistance, now acting as the demand level. The resistance was formed at $48,195, where BTC/USDT bounced off the top of the ascending channel.

Considering higher highs and higher lows patterns, the probability favors a continuation of an uptrend. But, for this scenario, we must see a daily close above the resistance.

The lower probability scenario tells us, that a break below the support might weaken the buying pressure. In this case, we are likely to see an ABC corrective pattern.

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2022-04-05 01:57:53 BAT/USDT FREE ANALYSIS

Is it ready for a pump

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BAT, currently ranked #79 and being one of the top Digital Advertising tokens, might be getting ready for a large upside swing.

As we can see, the long-term uptrend trendline is now acting as the support. At the same time, the previous Fibonacci resistance at $0.8885 has become the support.

As long as BAT/USDT is not producing lower lows and lower highs, the $0.8885 will remain a strong demand level. The next wave up might push the price towards the 50% Fibs near 1.2500, 40% away from the current price.

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2022-04-03 01:34:50 FREE ETHEREUM ANALYSIS UPDATE

Ethereum is still on fire with a 50% upside potential

- Yello, ladies and gentlemen !

Yesterday Ethereum finally tested our projected resistance. At this point, the $3500 supply is being defended by the sellers. Although breaking higher will be extremely positive for the ETH in the months to come.

The most recent high has been established at $3533. When there will be a clear daily break and close above this resistance, the ETH might initiate a rally. Eventually, this rally might end near $5180, which is 50% away from the current price.

The $5180 level corresponds to two Fibonacci retracement levels, making it one of the most important long-term resistance levels. Besides, it is very close to the 5k key psychological supply/demand area.

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2022-04-02 00:10:50 FREE DEFI INDEX ANALYSIS UPDATE

DEFI confirming strong bullish sentiment

- Yello, ladies and gentlemen !

The initial Defi Index forecast came true and the price moved up towards the 8167 resistance. Moreover, Defi broke higher and on the pullback tested 8167 level, where resistance became the support.

Such price action leads us to the conclusion that the uptrend has been confirmed. During this month we expect Defi to continue rising, potentially by 25%. This is because the previous supply/demand area, which corresponds to the 61.8% Fibonacci retracement is located at 11473.

To summarise, we have been witnessing multiple confirmations of the beginning of the long-term uptrend. This should be very positive for the crypto market in the coming weeks/months.

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2022-03-31 19:15:12 FREE CRYPTO INDEX ANALYSIS UPDATE

CIX correction could be over

- Yello, ladies and gentlemen !

The expected pullback is now taking place on CIX. Our scenario suggested a correction towards the 257,000 support, although now we have an alternative view.

The alternative view is that CIX drop is now ending and can stop near 270,000 - 275,000. This is the current price area, where CIX is facing the downtrend trendline, acting as the support.

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