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2022-02-23 13:14:41 FREE CRYPTO INDEX ANALYSIS

We will see a pullback before the rally

- Yello, ladies and gentlemen !

The Crypto Index is starting to look bullish as higher lows and higher highs pattern is already in place on lower timeframes. At the same time, we can see the break above the 225,500 resistance area, which has now become the demand zone.

The upside breakout should invite buyers, although most certainly they will be waiting for a pullback. Currently, we expect a small correction down towards the above mention demand area. If/when Crypto Index will test 225,500 zone, bulls will likely step in with a high probability.

So if the support is reached and respected, Crypto Index can move up by 8% to test the nearest key resistance area near 244,000. As can be seen, this resistance corresponds with the top of the ascending channel and potentially the 200 Exponential Moving Average.

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2022-02-22 16:17:57 FREE DEFI INDEX ANALYSIS

Truly a unique low-risk/high-reward opportunity

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The Defi Index could have completed a Head and Shoulders reversal pattern while forming a double bottom at 5542 level. This support aligns with the 261.8% Fibonacci retracement, applied to the last pullback before the final drop.

Today, Defi Index is testing the support for the second time, and for now, we can see a clean bounce once again. As long Defi Index remains above the current demand level; we should see a W reversal pattern similar to the previous one.

Such a scenario will be very optimistic for Defi coins and the overall cryptocurrency market. Considering the market could have formed the bottom today, it could be genuinely a unique low-risk/high-reward opportunity.

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2022-02-21 13:01:38 FREE ALTCOIN INDEX ANALYSIS UPDATE

The correction is over

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The Altcoin Index twice re-tested the top of the descending channel, which has acted as the support. This price action has drawn an ABC corrective pattern based on the Elliot Wave theory.

Right now, Alt Index is trading in the demand zone, and we already see a daily bullish candle. As long as 3200 support holds, this is the end of correction, and the next wave up should send the price towards the 4400 resistance. 4400 mark is one of the key long-term levels where the most trading volume has occurred since the beginning of a downtrend.

Current price action is likely to shift mid-term sentiment from bearish to bullish. Overall, we might expect either a speedy growth or a steady and consistent rise till the end of the month. The bullish scenario is valid if the daily close remains above 3200 support.

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2022-02-19 13:54:35 FREE BTC.D ANALYSIS

Bitcoin Dominance range trading is on

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BTC.D continues to trade within a 39.66-48.69% range since May 2021. At the same time, we can witness a formation of the triangle pattern, suggesting another re-test of the downtrend trendline. Thus, BTC.D's short to mid-term uptrend can remain valid during the next two weeks.

We can also see that BTC.D remains within the ascending channel, implying further rise towards the channel's top. However, breaking below the channel should be the first warning sign that the downtrend is about to continue.

Overall, the long-term trend is undoubtedly bearish due to the lower lows and lower highs pattern. And keep in mind for the trend to become bullish, there must be a clear break above the 48.69% resistance.

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2022-02-15 15:25:30 FREE ALTCOIN INDEX ANALYSIS UPDATE

ALT Index can be on fire during this week

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The Altcoin Index yet again copied the price pattern we projected. The top of the descending channel has been re-tested, which concludes that the uptrend is about to continue.

Soon, we should see the beginning of a second wave to the upside, which should push the price of Altcoins up by a substantial percentage. Yet, some short-term range trading might occur before Alt Index moves north.

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2022-02-08 03:16:20 FREE ALTCOIN INDEX ANALYSIS UPDATE

ALT Index follows our projected pattern

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The Altcoin Index followed our prediction precisely. Price did break above the descending channel, confirming bullish dominance. Now, there is a high probability that we'll see a minor pullback before a second wave to the upside takes place.

Potentially, Alt Index might re-test the descending channel or have a minor wave down. But then, we should see two move waves to the upside, which eventually should push Alt Index towards 61.8% Fibonacci resistance.

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2022-02-02 04:35:54 FREE ALTCOIN INDEX ANALYSIS

ALT Index can rise by 85%

- Yello, ladies and gentlemen !

The Altcoin Index has reached the bottom of the descending channel, providing an exceptionally clean bounce off 2844. Since January 24, we can witness a slow but consistent increase. In short to medium term, ALT Index should test the top of the channel or the downtrend trendline throughout this week.

It will be essential to see the break and close above the trendline to confirm an uptrend. Upon the confirmation, Alt Index can rise as high s 5245, thus pushing the price up by 85%. The 5245 is likely to be the critical long-term resistance as it corresponds to 61.8% Fibs and the level of the highest trading volume over the past 257 days.

But the uptrend scenario can only be valid as long as the price remains above 2844 low. Currently, we are waiting for the break above the descending channel, which is one of the key confirmations of the upcoming altcoin rally.

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2022-01-19 14:21:17 FREE BTC.D UPDATE

Bitcoin Dominance double bottom formation

- Yello, ladies and gentlemen !

In our last BTC.D analysis we predicted the drop towards 39.54%, 261.8% Fibs. Immediately after, BTC.D followed the projected pattern and dropped by over 2%.

In fact, the BTC dominance formed a double bottom near 39.40% and currently trading at 40.5%. So the big question is whether it will reverse to the upside or the downtrend will continue.

Right now, we must consider several important facts.
1. BTC.D had a daily break and close below the range.
2. BTC.D went below the 261.8% Fibonacci support.
3. BTC.D is trading below the resistance trendline.
4. BTC.D formed a double bottom at 39.40%.

Obviously, the trend remains strongly bearish, and the probability favors the continuation of the downtrend. Therefore, the selling pressure will be intense as long as BTC.D is below 42%, and eventually, BTC.D can drop to 361.8% Fibs at 37.72%.

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2022-01-17 13:58:56 FREE TOTAL3 ANALYSIS UPDATE

Is this the beginning of a bull market

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In our previous update we referred to the 800B key psychological support. As we can see, the price has produced multiple wicks below this critical level but still failed to break and close lower with confidence.

TOTAL3 remains at the bottom of the extended descending channel. And therefore, all the facts mentioned above increase the probability that TOTAL3 completed the ABC pattern. And while we expect the price to start moving towards the 1T resistance area, consolidation might occur in the short to medium term with a re-test of 800B support.

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2022-01-12 05:20:00 FREE YFI ANALYSIS

Is it ready for a pump

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YFI/USDT broke above the descending channel and the previously formed lower high at $39,554. We can also witness an ABC corrective pattern based on the Elliot Wave theory. After an ABC, consolidation phase started, YFI cleanly rejected the 88.6% Fibonacci support at $29,344.

Considering the length of the price spike, near the support, it was a strong demand zone. While price remains above this support, a new wave up should push the price towards the new higher high.

The key resistance corresponds to the 161.8% Fibs at $46,393 and can be reached quickly. It is also very likely that the price will break higher and will continue to move north during the upcoming months.

But we should also consider the downside scenario. First, there must be a daily close below the 88.6% Fibs for the price to decrease. Only in this case, YFI can re-test a long-term demand area near $25k.

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