ETH BTC pair again tested the support of 0.0732-0.0738 area. ETH also breaks the downtrend on the weekly chart and we will see more upward movement in the coming days. A break above the resistance of 0.081 is extremely bullish and we may see a rally towards the 0.1 resistance level

DATA/BTC
Streamr (DATA) is an open source project and decentralized platform that relies on cryptography instead of trust. It is a P2P, real-time data infrastructure that houses a platform and tools for a new data economy.

Technically lying above strong support. RSI is in the oversold region. MACD is showing bullish momentum. It will pump hard from here. so now is the right time to build your position in it before breakout for massive profits😊

Targets: 210-240-280-320

DATA/USDT lying above strong support. Stochastic is giving a buying signal. It will bounce hard from here. so now is the right time to build your position in it before breakout for massive profits😊

Targets: $0.08428-0.09575-0.1125-0.1275

SL: $0.06484

FIL analysis:

FIL is now breaking out the resistance of $19.60-$19.65 area. If FIL able to hold above this level then we see more upward movement towards the next resistance of $22.80-$23.00 area. Wait for a clear breakout and confirmation before opening new position.

Bitcoin has formed a symmetric triangle on 1-hour chart. We will see a breakout of this triangle soon. A breakout in the upward direction is bullish and we see some positive moves. If BTC breaks the symmetric triangle in a downward direction then we may see a test of $38,500-$39,000 area.

Bitcoin Dominance is now at the downtrend resistance line. If Dominance break this downtrend line then we see a move towards 42-42.10% resistance area and this is not good for altcoins. A break below 41.30% support is bullish for altcoins.

FIL breaks the resistance level and now trading above it. Wait for a retest of $19.60-$19.75 support area. You can place your buy orders in this range. The next resistance is the $22.80-$23.00 area and this is where we see some profit booking.

ALICE analysis:

ALICE bounced from the $6 support area. ALICE is now in small uptrend channel and now reached upper resistance band. If ALICE able to break the $7.10 resistance then we see continuation of the upward movement. The local support is $6.65-$6.70 area. Wait for a breakout of resistance or test of support for new entries.

BTC breaks the symmetric triangle in a downward direction. As mentioned Bitcoin is now testing the $38,500-$39,000 support area. BTC needs to bounce from here otherwise we see more downward movement. The local resistance is $40,000-$40,500 area and $42,000 level.

DOT analysis:

DOT is now testing the support level and this is the possible buy zone. You can add some DOT near $17 support area. The first resistance is $19-$19.30 area and major resistance is $23.30-$24.30 area. The next good support is $15.80-$16 area. Start building your position in DOT near support levels.

Educational Post:

Moving Average (MA)

A moving average (MA) is a widely used technical indicator that smooths out price trends by filtering out the noise from random short-term price fluctuations.

The most common applications of moving averages are to identify trend direction and to determine support and resistance levels.

ALICE unable to break the small uptrend channel and reject hard from the top resistance line. Price aggressively broke the channel and low reached the strong support level of $6.05 - $6.19. Well, that a decisional point now. Candle closing below support and continue the push till $5.40.

CHZ is now trading below the $0.215 support area. The 4-hour candle needs to close above the $0.215 area otherwise we see more downward movement. The next support is $0.199-$0.20 area and $0.188-$0.19 area. Put your stop loss below the support level.

EOS analysis:

EOS tested the $2.30 support and now trading above it. If EOS holds above the $2.30 area then we see a test of $2.65-$2.75 resistance area. The next support is the $2.15 level and the major support is the $1.85-$1.90 area.

Bitcoin bounced from the support of $38,500-$39,000 support area as expected. BTC is now trading above the local resistance of $40,000-$40,500 area. If BTC holds above this zone then we see a move towards the $42,000 resistance area.

XLM break the uptrend line support and tested the local support of $0.19 area. XLM also retested the uptrend line and unable to break above it. We will see continuation of this downtrend if XLM unable to reclaim above the uptrend line. The major support is $0.17-$0.175 area.

Educational Post:

Exponential Moving Average (EMA)

The EMA is a moving average that places a greater weight and significance on the most recent data points.

An EMA does serve to alleviate the negative impact of lags to some extent. Because the EMA calculation places more weight on the latest data, it “hugs” the price action a bit more tightly and reacts more quickly. This is desirable when an EMA is used to derive a trading entry signal.

CHZ gives a fakeout below the support of the $0.215 area. CHZ is now trading above the $0.227 local resistance area. The major resistance is the $0.248-$0.253 area. You can increase your stop loss to buying price and hold this trade.

DYDX moved as expected and now testing the support of the $4.35-$4.65 area. The long wick below support shows price rejection. DYDX needs to hold this support otherwise we see more dump towards $3.65-$3.75 support. You can build your position at a support of $4.35-$4.65 area. The next resistance is $5.10 area and $6.00-$6.20 area.

BEAM/BTC
BEAM is a confidential decentralized finance (DeFi) platform that runs on a combination of two blockchain protocols

Technically lying above strong support. RSI is in the oversold region. MACD is showing bullish momentum. It will pump hard from here. so now is the right time to build your position in it before breakout for massive profits😊

Targets: 971-1150-1300-1500

BEAM/USDT lying above strong support. Stochastic is giving a buying signal. It will bounce hard from here. so now is the right time to build your position in it before breakout for massive profits😊

Targets: $0.4083-0.5095-0.6155-0.7525

SL: $0.3013