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2022-05-13 01:18:03 FREE ALTCOIN INDEX ANALYSIS

Is it a crypto winter or a great buying opportunity

- Yello, ladies and gentlemen !

Since April Alt Index has dropped by 58%, and during the past week by 45%. But should the knife-catching buying opportunity be considered?

The crypto crash has resulted in massive liquidations especially if we look at Luna, losing 99%. For most this is a huge warning sign, but we know that bulls are coming when there is mostly fear.

Current Fear & Greed Index stands at "Extreme Fear", which is exactly when bulls prefer to take action. Looking at Alt Index, we had a clean bounce off the support, while the price is at the bottom of the descending channel.

The money flows from alts to the Bitcoin, yet again confirming the rising fear. The downtrend can not be stopped immediately and we are yet to see how the price will act in the coming days. MyCryptoParadise team is ready for any outcome and will react accordingly to the price action.

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2022-05-11 23:23:46 ​​ FREE XMR ANALYSIS

Are the Bears going to win this

- Yello, ladies and gentlemen !

The long-term trend for Monero is bullish as long as we hold the highlighted support zone. But are bulls strong enough to defend it?

Today XMR/USDT is back at the major monthly support zone after a heavy selloff this week. The selling pressure is rising once again with a big volume which suggests that bears are trying to push XMR below the demand zone.

Right now, the risk/reward buying opportunity is very good, but the probability of holding this uptrend to higher targets of 20-50%+ remains low. For a professional trade setup, there must be a combination of a good RR and a high probability of a trend, and the ParadiseTeam is waiting for such a confirmation before we take an action.

Soon we will find out if support is respected and MACD forms a bullish divergence or breaks lower. Today we have made a great profit on BTC/USDT short set up CHECK HERE and we are getting ready for a huge move and with ParadiseFamilyVIP members we are preparing to trade XMR aggressively very soon as well!!!

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2022-05-10 13:34:03 FREE TRON ANALYSIS

Tron is one of the strongest gainers

- Yello, ladies and gentlemen !

Since April this year the crypto market has been undergoing an extended downside correction. On the contrary, the Tron has been trading up since April.

Thus, TRX is one of the few coins which has been rising during the declining crypto market. The most important was the break above the 0.0719 resistance, followed by the bounce off the uptrend trendline.

Currently, the 0.719 supply zone, has become the support and the demand area. This is a very attractive buying point for long-term investors. However, we must consider, that TRX/USD remains within the triangle, which might result in further consolidation. Nonetheless, probability favors yet another strong upside swing, after which the long-term uptrend should continue.

If and when TRX drops below this support, only then the uptrend scenario will be completely invalidated. Until then, the trendline is active.

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2022-05-05 04:20:43 FREE ETHEREUM ANALYSIS UPDATE

The perfect time for the rally

- Yello, ladies and gentlemen !

Ethereum long-term trend remains bullish as the price continues to trade within the ascending channel. We already shared two scenarios of a pullback, and several days ago ETH tested the expected support at 61.8% Fibs.

While testing the $2700 demand area, ETH also approached the bottom of the channel. We already see 4 days of an uptrend, which certainly can be the beginning of a larger wave up.

As long as the daily closing price remains above the $2700, ETH will be moving higher. There are two resistance to watch in the coming days, one near $3500, another near $4000. Overall, the timing seems to be right for the rally, but not without minor pullbacks. The only condition is that $2700 holds.

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2022-05-03 22:06:12 FREE DEFI ANALYSIS UPDATE

Defi is forming a triple bottom

- Yello, ladies and gentlemen !

In one of our last Defi analyses we have shown the formation of the double bottom. After the price bounced off the 8500 resistance area for the second time, we can witness a potential formation of a triple bottom.

The critical support lies at 5590, which is confirmed by the 88.6% Fibonacci retracement level. As of yet, Defi respected the support while trading at the bottom of the 5590 - 8770 range. This might be the beginning of a new cycle, based on the previous market waves.

We must start to see HH and HL pattern for the bullish pressure to increase. At the same time, there must be a daily break and close above the 6100 level. Only then Defi can be expected to start rising towards the top of the range once again.

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2022-05-02 20:45:39 FREE TOTAL2 ANALYSIS

TOTAL2 bounced off a double support

- Yello, ladies and gentlemen !

On April 30, TOTAL2 had reached and rejected two technical indicators at 966.832B. The first is an 8/1 Gann Fan trendline and the second is a 0% Fibonacci level. We applied the Fibonacci so that 50% is placed right at the ascending channel breakout point. This way, Fibs show that after the breakout, the price has dropped the same distance as the width of the channel.

After the bounce, TOTAL2 retraced up, but failed to break a simple downtrend trendline. For the time being, we are likely to witness a short-term consolidation, between the strong psychological resistance near 1.0T and technical support at 946B.

Bears remain in control as long as TOTAL2 is below 1.0T. However, as long as support is being respected bulls will be attempting to push the price up. A clear penetration of the 1.0T resistance should be very positive for the overall crypto market.

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2022-04-28 14:32:02 FREE TOTAL3 ANALYSIS

Altcoins bottomed or expect another drop

- Yello, ladies and gentlemen !

Today we will look at the TOTAL3 price action. TOTAL3 is a crypto market cap excluding the Bitcoin and Ethereum capitalization, which is providing the perspective for the Altcoin potential.

Back on February 24, TOTAL3 formed a double bottom at 600B, which is strong psychological support. Since then we can observe the price action within the ascending channel. Yesterday TOTAL3 tested and bounced off the bottom of the channel.

The low has been printed at 661B, and this might be the critical price to watch in the coming days. Because as long as daily close remains above this support, TOTAL3 will start moving up.

Strong technical resistance is about 9% away and is located at 745B. This supply area is supported by two Fibonacci retracement levels as can be seen on the chart. However, a break below the recent low will invalidate the bullish scenario.

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2022-04-27 01:38:04 FREE CRYPTO INDEX ANALYSIS UPDATE

What are the chances for an uptrend

- Yello, ladies and gentlemen !

Based on our previous CIX analysis, a bullish case was expected upon the break above the 257,000 resistance. The bearish scenario was expected upon the daily break and close below the 239,00 support.

The bearish scenario took place and the price fell to the 227,000 support. This is likely to be a critical demand area, a decision-making point for the medium-term price action. Because currently CIX is facing double Fibonacci support, and so far it has been respected.

As long as the daily close remains above 227,800 low printed today, the Crypto Index should be rising. One of the nearest key resistance is located at 256,00, which should be the next upside target. On the other hand, a daily break below the 227.800 will push the price even lower.

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2022-04-21 03:38:37 FREE ALTCOIN INDEX ANALYSIS

This is where the trend starts

- Yello, ladies and gentlemen !

The critical factor in the recent price action of the Alt Index is the bounce off the average-price downtrend trendline. Besides, after a bounce, we can see a double bottom formation near 3275.

The above-mentioned facts strongly favor the beginning of a strong uptrend. But on the other hand, we can see that the consolidation phase between 2870 - 4000 is taking place.

The 3275 was a decision-making point, which was defended by the bulls. Therefore, the probability of an uptrend increased significantly. As a result, ALT Index should be aiming for the 4k resistance area at the very least. Upon the break above the 4k, we are likely to see the test of the 4.5k supply area. This zone corresponds to the 161.8% Fibs along with the Volume Profile indicator.

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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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