My KuCoin Paradise🌴

2022-06-07 00:59:38 FREE XCAD ANALYSIS

From bearish to bullish

- Yello, ladies and gentlemen !

We had a nice break above the descending channel. Then we had a critical support formed at $3.29. Will it hold and we'll see a major upside swing?

Well, based on the price action, we can see HH and HL pattern. The $3.29 zone was respected for three consecutive times. This is a strong indication of a bullish tendency.

MCP team is closely watching this pair for a potentially long-term buying opportunity. As long as support holds, the perfect entry point should be there in the coming days.

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2022-06-05 21:25:17 FREE BTC.D ANALYSIS

Can it be an Altcoin season

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The Bitcoin Dominance is trading right at the top of the descending channel! Will we see a continuation of a long-term downtrend, while Alts rally?

We can see that MACD already formed a double bearish divergence on the 4h timeframe. On the 2D chart, BTC dominance is trading at the resistance.

Certainly, this is a very important timing. If resistance holds, and Bitcoin dominance will go down, Altcoins should have some room for growth, at least in the medium term.

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2022-06-05 01:24:40 FREE KCS/USDT ANALYSIS

A perfect bounce off the support

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On June 1, the KuCoin token had a perfect bounce off the 61.8% Fibonacci level at $16.18. We can also see a higher high and higher low pattern suggesting the continuation of an uptrend.

As long as the price remains above $16.18 support, KCS/USD will produce a new HH. The nearest resistance is at $18.00, but if broke, the price might jump as high as $19.31.

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2022-06-02 18:34:01 FREE ACE/USDT ANALYSIS

Yet another *strong performer*

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Since March, after printing the bottom at $0.0212, ACE has been trending up. Up until this point, the price has risen by 118%, which shows that this coin is yet another strong performer in recent months.

The 38.2% Fibs at $0.0475 has been a key supply zone and bears successfully defended this level twice. However, on April 28 ACE broke above this resistance implying the continuation of an uptrend.

Recent price action shows that $0.0475 resistance has become the support and a potential demand zone. As long as the previous LL at $0.0270 is respected, the price should continue to move north. The critical resistance, which is where 88.6% Fibs and the channel crossing, is located at $0.0821. Therefore, this might be a 77% price increase if the trend remains bullish.

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2022-05-31 01:54:37 FREE BNX/USDT ANALYSIS

One of those coins with a positive tendency

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BNX has been able to defend strong support at $93, after which a new higher high has been printed. Is this a strong bullish sign or we are about to see a downtrend?

Based on the price action, the uptrend remains valid as long as the recent lower low at 104.70 is respected. On the chart, we can see the critical demand level at 115.83, where the most trading volume has occurred during the past two months.

While the probability of an uptrend remains high, a pullback towards the 115.83 support can take place. This is where bulls are likely to step in and fight for the uptrend. In case bulls win this battle, BNX can be heading towards the resistance trendline, near $150, giving a 30% increase.

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2022-05-27 05:13:27 FREE USDT BTCDOM INDEX ANALYSIS UPDATE

Market share shifting towards altcoins

- Yello, ladies and gentlemen !

In our previous BTCDOM analysis we predicted the uptrend. Price followed up precisely as expected and right now it is facing a Fibonacci resistance.

So what if BTCDOM will go down? What would it mean for the cryptocurrency market? Well, this means that money will start flowing from the BTC towards the altcoin, potentially allowing some altcoins to rally. Paradise Team was ready and waiting for such a scenario! If BTCDOM resistance holds, we will start cherry-picking potential BIG gainers in the coming days.

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2022-05-26 22:47:39 FREE GARI ANALYSIS

One of the *BIG* gainers in recent months

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During the past few months GARI has been one of the top gainers. Price has increased by nearly 200%, but is there potential for another 100% growth?

The trend is bullish as GARI/USD continues to print higher highs and higher lows. Besides, for the past week bulls didn't allow the price to go below the key supply area near 0.6335.

Until the point where the price remains above the recently printed low at 0.5888, the strong uptrend will continue. As a result, GARI should be aiming for one of the Fibonacci resistance levels, with the final target nearly 100% away. While monitoring GARI/USDT price action, Paradise Team is preparing to take action.

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2022-05-24 15:33:15 FREE USDT BTCDOM INDEX ANALYSIS

Will the Bitcoin continue to gain market share

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"The BTCDOM Index provides insights into the market and can be used as a tool to speculate on Bitcoin’s relative strength against altcoins. Essentially, the index measures the demand for Bitcoin relative to altcoins. When altcoins gain market share relative to Bitcoin, the BTCDOM index loses value. Conversely, when Bitcoin gains market share relative to altcoins, the BTCDOM index will gain value."

The BTCDOM Index broke above the resistance trendline, followed by the break above the 1356 resistance. After the breakout, we can see a re-test of 1356, which at this point has become the support.

As long as BTCDOM remains above 1356, the uptrend should continue, moreover, it should accelerate. The potential increase can be near 25% in the coming days.

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2022-05-18 20:39:39 FREE NAKA ANALYSIS

What are the chances of a trend reversal

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Last week NAKA/USDT reached and bounced off the bottom of the descending channel. The MACD formed a bullish divergence after which the price broke above the simple downtrend trendline. So what such price action means?

This pattern might imply that NAKA has bottomed out, significantly increasing the potential trend reversal. As long as the recent bottom at 0.0543 is defended by the bulls, we will see a further price increase.

The critical resistance is located between 0.35 - 0.41 which can be tested in the coming days. The 0.35 area is the previous strong support, while the 0.41 is the level of the highest trading volume during the past months.

Chances for the uptrend or a corrective wave have increased significantly. However, we must not forget that during a downtrend probability always favors a price decline.

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2022-05-17 15:16:49 FREE SAND ANALYSIS

Is it a Falling Wedge bullish pattern

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Throughout this year SAND has been trending down, but perhaps this was only a corrective pattern of a major bullish trend?

The pattern, started back in November 2021, is identical to a Falling Wedge pattern, which most of the time is bullish. Wave five could be ending any time, and once completed, we are likely to see a price rally. Still, Paradise Team is waiting for a few more confirmations before going bullish on SAND.

But already we can witness a bullish divergence on the CCI oscillator. At the same time bounce off the previous area of resistance, which is now the support.

The low has been printed at the round psychological price, right at $1.2000. As long as this support is respected, the bullish divergence will be valid, thus the probability of the uptrend will remain very high.

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