#NoHypeTraders market analysis report 26th of April 2022
DXY dollar index analysis
OOKI coin analysis
THETA coin analysis
ATA coin analysis
TLM alien worlds analysis
MATIC coin analysis
Hi guys, I will be sharing with you some personal trading ideas here. As usual they do not represent financial advice and you will not trade on the following scenarios before doing your own analysis. Crypto trading is a very risky endeavour and if you are not careful you can lose all your hard earned money.
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Total market cap stands at 2T $ on the 26th of April 2022. The awaited move up seems to be covered in the news by Elon's move to buy Twitter. History rimes again, funny stuff.
Same as last week but with a potential double bottom in play on the 4h chart. I was saying last week that :"I am now watching for a potential bearish divergence that would effectively invalidate our previous bullish one. Also remember that everything moves in (Elliott) waves, so a small retracement ( no more than 0.618 on the Fibs scale ) would be healthy and would support further bullish action."
This effectively played out and we are now seeing a bullish cross on the MACD that is also "confirmed" with a bull(ish) divergence in price regarding the RSI.
In order for BTC to continue it's run it must overcome the 42.000$ area for now. A clear breakout and re-test for support would confirm continuation. We had a very nice (confirmed) bullish divergence on the RSI coming ou of oversold that played out nicely.
Bull(ish) : 4h close over 40.800$ targets 42.500$ and 45.500$ if we get the volume. We already had a test of the 38.000$ area that held, what I want to see is a re-test on the descending resistance to turn it into support.
Bear(ish) 4h close & retest under 39.400$ targets the 33.500$ area
The dollar keeps going and going and going....but so does crypto in a very peculiar way. IF we get a 2-3 weeks correction on the dollar from here I think we're going to see crypto go over the 3T(rillion$) mark once again. Fast.
If DXY doesn't get rejected here, at the 102.4 points level it should mean that our BTC scenarios will take longer to execute. On the other hand it also means we will get the chance to buy lower.
But eventually they will go up, I'm giving it 70-80 days to ATH.
OOKI hit the support levels at 0,012 once again. Bought some more, I now stand at around a 0,013 medium buy. I'm totally convinced it will go up at least to the 0,2$ price range. Don't know when, don't know how, but that's what Fibs says and I listen.
4. THETA coin
I was saying last week :(...) "waiting to see if the potential bear div forming will invalidate. MACD signalling end of sale". Well, that played out exactly once again. I loaded more THETA into my coin-m position at 2.80$. Everything is going according to plan. Will keep updating on the live trading channel.
bull(ish) : 1 day close over 3.4$
bear(ish) : daily close under 2.60$
5. ATA coin
We spot a triple bottom on the chart that shows a great deal of support in the 0,3 - 0,35$ area. Got in with a small spot position and I am thinking of buying more over the 0,5$ area when the breakout should be confirmed. Also bullish divergence on the RSI and a descending wedge that should break to the upside. We must consider at least a 50% retracement to the upside from here.
bull(ish) : 4h close over 0,4$$ - target in the 0,5$ area - may buy more,
bear(ish) 4h close under 0,3$
TLM is coming out of oversold on the daily with a bullish divergence confirmed on the RSI. It didn't yet have the same run as other cryptos so it presents a really great opportunity to trade.
bull(ish) : 4h close over 0,1080$ - targets on chart
bear(ish) 4h close under 0,0931
Matic is my second "horse" in the race coming up next. they are a great project, great team & are already being used as a blockchain by a lot of people.
bull : 4h close and retest of the 1,4$ area.
bear 4h close and retest under 1,2$ area.
Targets are in the 25-30$ area on the next leg up. Until then I will try to accumulate more on coin-m.
Disclaimer : the opinions presented in the following report are my own and DO NOT CONSTITUTE FINANCIAL ADVICE. Cryptocurrency trading is a very risky endeavour. You can and probably will lose your money if you do not do your own research.