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PEPEUSD: Anticipating a Reversal – Prepare to Seize the Opportunity

Pepe (PEPEUSD) Channel Up Pattern Analysis Pepe (PEPEUSD) is showing signs of proper structured price action as the prevailing pattern emerges as a Channel Up. Having broken today below the 1D MA100 (green trend-line) for the first time since February 24 2024, we anticipate that the new bottom (Higher Low) of the Channel Up will start getting formed. Pattern Analysis and Price Confirmation Both Bearish Legs of the pattern where through Channel Down patterns (dotted) and the Bullish Legs that followed (dashed), were Channel Up patterns. A break above the 1D MA50 (blue trend-line) again, should confirm the start of the new Bullish...

By NovaX
Updated 1 day ago
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XRPUSD: Is It Dead or Ready to Rise Parabolically?

The XRP (XRPUSD) has been closing below both its 1W MA50 (blue trend-line) and the 1W MA200 (orange trend-line) since the week of April 08. At the same time it is testing the bottom (Higher Lows trend-line) of the Triangle structure that started on the January 01 2018 All Time High (ATH). In relative terms, it appears to be similar to the Triangle that started after the December 02 2013 High and broke-out to the upside on March 20 2017. Its 1W RSI is at 40.00, low enough historically to...

By NovaX
Updated 1 week ago
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Binance Coin Price Prediction: BNB/USD Targeting $2000 in Q4

The Binance Coin (BNBUSD) Accumulation Phase The Binance Coin (BNBUSD) has been accumulating since early March (March 11 candle), trading sideways within the Mayer Multiple Bands (MMB) Mean (black trend-line) and the 1st SD above (grey trend-line). The 1W MA50 (blue trend-line) has been the support since the late December 2023 bullish break-out. Support and Previous Cycle Comparison The 1W MA50 should continue to act as support throughout the remainder of the Bull Cycle. This was also the case during the previous Cycle when BNB experienced the final accumulation phase (blue ellipse) from September to December 2020, again within the same MMB zone....

By NovaX
Updated 2 weeks ago
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SOLUSD Price Analysis: Is $4K Attainable? Monitoring the 1W RSI for Entry Signals

```html Solana (SOLUSD) Correction and Price Analysis Solana (SOLUSD) has been on a correction mode since the March 2024 High, in an attempt to technically harmonize the massive rally of 2023. The 1W RSI Double Topped in the same month and this is where all the essence of the current price action is. RSI Levels and Market Trends The 1W RSI peaked on the exact same level (86.00) back on the week of August 24 2020. It didn't find a bottom before entering into bearish territory again around 41.50. That correctional Channel was more aggressive than the current, so this time we may only...

By NovaX
Updated 3 weeks ago
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WIFUSD: Approaching Technical Resistance Amid Growing Frenzy

Dogwifhat (WIFUSD) Analysis Dogwifhat (WIFUSD) has been the revelation of the last 3 weeks as during that time it grew by more than +1000%. This rally is mostly euphoria driven and the frenzy may very well push even higher. But we can't neglect the technical Resistance levels along the way. Key Technical Levels The strongest of them is the top (Higher Highs trend-line) of the Channel Up pattern since it first started trading. The 1D MACD formed a Bearish into Bullish Cross pattern and last time we saw this was on January 25 2024, when the price started pulling back. In that sense,...

By NovaX
Updated 4 weeks ago
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Unleashing the Potential: PEPE Poised for a Remarkable 200% Surge

Pepe (PEPEUSD) Bullish Forecast Pepe (PEPEUSD) completed an extremely strong 1D green candle last week, the strongest in fact since February 26 2024. The 1D RSI turned wildly overbought but as long as the 1D MA100 (red trend-line) supports, we expect this rally to continue all the way to the top of the Channel Up (Higher Highs trend-line). Target Projection Our Target is for this Bullish Leg to complete a +1136% increase (0.000050) just like the wave that topped on March 11.

By NovaX
Updated 4 weeks ago
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Bitcoin Price Prediction: BTC Surging to $250K – Why You Should Buy and HODL

Bitcoin surged to all-time highs in December 2017 before experiencing an 88.6% correction in December 2018. The cryptocurrency then rallied to new peaks in November 2021, marking a 2000% increase. This pattern suggests a strong upward trend for BTCUSD. Looking ahead, based on Fibonacci Time Zones analysis, the next bullish cycle for Bitcoin is anticipated to kick off around early 2023, following a 5th Fibonacci Summation milestone with a potential 2000% surge. Target buy levels are set at $10,000 and $7,500 for additional accumulation. Embracing a long-term HODL strategy, I am prepared to weather the waiting game. This simplified overview offers insights...

By NovaX
Updated 4 weeks ago
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Bitcoin Price Analysis: Anticipating a Bullish Breakout in the Cryptocurrency Market

XRPUSD Symmetrical Triangle Pattern XRPUSD has formed a pattern resembling a symmetrical triangle over the past few weeks, and as the price slowly approaches the apex of this formation, it presents an interesting trade setup with two alternative scenarios. The first scenario involves taking a long position after a breakout above the triangle’s upper bound. The second scenario involves entering a short position after the triangle’s lower bound is penetrated to the downside; particular bounds will serve as stop-loss levels in the case of price retracement. Technical Conditions Daily time frame: Neutral Weekly time frame: Neutral Monthly time frame: Neutral Please feel free to express your...

By NovaX
Updated 4 weeks ago
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Ethereum’s Strong Support Cluster Signals Bullish Momentum: Is $10k Next?

Ethereum (ETHUSD) traded exactly the way we wanted it last time we looked at it (January 09, see chart below) At the moment, the price is trading below the 1D MA50 (blue trend-line), having recovered the 1D MA100 (green trend-line) on what was a bottom on the 6-month Bullish Megaphone. This Higher Low was almost priced on the 0.382 Fibonacci level. That is similar to the June 15 2023 Bullish Megaphone Higher Low on the 0.382, which as it held the 1D MA200 (orange trend-line), it pushed the price to a rebound. However the 1D MA200 was broken (closed a 1D candle...

By NovaX
Updated 2 months ago
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Bitcoin Price Analysis: Key Turning Point in BTCUSD Weekly Chart

I've identified multiple momentum channels overlaid on the Keltner Channel Oscillator - weekly (light blue), daily (green), and 3-hour (light purple). By not concealing lines from different time frames, it offers a comprehensive view of each zone in relation to the Keltner Channel's price trend. Currently, the weekly and all subsequent time frames show us above the KC Mid Line, except for the 1-hour where consolidation is occurring. A shift on the 1-hour could indicate a potential shift on the 3-hour timeframe. Based on our relative position in the channels across various time frames, I anticipate consolidation on the 3-hour...

By NovaX
Updated 3 months ago
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