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Tag: Technical Analysis

KuCoin Token (KCS) – What can we Expect?

At the time of writing, KCS is being traded at the rate of $21.88 with an increase of almost 4% within the last 24 hours.

The low within this tenure was around $20.85 and the high was approximately $21.91. The coin as being in the watchlist of many traders makes it rank all the way up to number 74th according to the latest data released by coin market cap.

KCS made its all-time high in the month of December 2021 where it reached an enormous amount of $28.776. At the moment it has a daily volume of $14,315,873 with a decrease of about 5.15% within the last 24 hours. The total supply of KCS is now around 170M and the circulating supply is also 80.1M. KCS has a dominance of 0.08%.

The top exchanges for trading it are currently KuCoin, Probit Global, AscendX.

Technical Analysis – KuCoin Token

KCS has its chart just like a lot of similar coins. As BTC hasn’t shown any strength, we can see that the coins which haven’t been pumped have shown similar movements. Most of them have been consolidating for a lot of time. The price had a wick down from where it had grabbed all the liquidity that was present below.

After this move, the price tapped in the daily order block (or we can say that it is retail support). From this point, the price of KCS had a bounce and it rallied upwards.

As a result, we have seen the formation of higher highs and higher lows. But a few days back. Price has created equal highs. As a result, we can expect that liquidity is present above this level. The market can move in such a way that it will grab the liquidity present above and then it can drop down breaking the retail support.+

Price Prediction – KuCoin Token (KCS)

KCS has been one of the most successful and powerful coins. The people have gained a lot, based on this coin. In the long run, traders are highly bullish on the project. The price of KCS has retraced back and is around the same price it had around the month of November 2021. According to the wallet investor, KCS is a good investment. The price of the coin is to reach a value of $42.55 in a year. In five years, the price is expected to reach around $120.544.

January 1, 2022
Binance Coin (BNB) – What is the Chart Showing Us?

At the time of writing, BNB is being traded at the price of $522.21. The price of the coin has decreased by almost 1% in the past 24 hours. The maximum and minimum of the day are around $527.70 and $508.59. The daily trading volume has on the other hand has also decreased by almost 19% in one day. BNB is listed on coinmarketcap at 3rd spot according to market capital and has a market dominance of 3.87%.

BNB before the crash had achieved its all-time high around the price of $698.21 in March 2021. During the crash, BNB created a bottom and dropped down to $211 in the month of May. Just like many other coins, the coin showed reversal and it was strong enough. BNB eventually went on to create a new neat all-time high around the price of $669 during the month of November.

BNB has a total supply of around 166M tokens and has all of them in circulation i.ie around 166M. BNB can be traded at a lot of different exchanges such as Huobi, Binance, KuCoin, FTX.

Technical Analysis – Binance Coin

BNB has been consolidating for a while. Just like many other coins, BNB has been range bound and we have seen no moves from the coin whatsoever. The price had tapped into the order block two/ three times and we have seen that it has bounced every time. The price is currently above the retail support.

If the BTC drops, we can expect altcoins to drop as well. As a result, we can expect the coin to drop as well. if the retail support breaks, we can expect the price of the coin to fall down even harder and hit the daily order block that is present below. Lowe time frame confirmations should be taken into consideration.

Price Prediction – Binance Coin (BNB)

BNB has been one of the highly bullish coins in the market. According to wallet investor, BNB in one year is expected to reach a value of $993. In five years, it is expected to touch $2770. This shows that even though the coin has a huge amount of potential in it and would give an amazing return but traders think that it wouldn’t be long before it reaches a new all-time high and starts trading above $10.

January 1, 2022
Ethereum (ETH) – Where to Now?

The native token of Ethereum is ETH. The Queen of the market that sometimes decouples with the BTC.

At the time of writing, ETH is being traded at the rate of $3,784 with an increase of almost 1.01% within the last 24 hours.

The low within this tenure was around $3,687 and the high was approximately $3,807. The coin as being in the watchlist of many traders makes it rank all the way up to number 2nd according to the latest data released by coin market cap. Ethereum is the most widely used blockchain in the market.

ETH during the month of November approached its new All-time High around the price of $4,868. The trading volume today on the other hand has increased by almost 80%.

The top exchanges for trading ETH are currently Kucoin, Binance, FTX.

Technical Analysis – Ethereum (ETH)

The analysis that we did on 30th November 2021 is still in play. You can find the analysis here. We can see that the price of Eth has played out exactly as we have said before. Eth has been following BTC in terms of price movement and it didn’t come as a surprise when the price of Eth dropped.

Now we can see in the chart, that the price of Ethereum (ETH) has been consolidating for a while before dropping down. Now there can be two possibilities from where the price can show a reaction.

One thing to notice is the mitigation area. This is due to the presence of an imbalance in the price. Now the price can drop to this level. But from where?

The price can show a reaction from the imbalance and the order block that it has created four days ago when it dropped down and broke the trend line and the structure as well. The second place is the order block which has been formed a few days before this one. Price can show a reaction from that level as well.

Price Prediction – Ethereum (ETH)

ETH has been one of the fast gainers in the market. According to wallet investor, the price of ETH is to reach a value of $7,179 in a year. For five year plan, wallet investors think that the price is to reach a value of $19,533. This means that ETH is considered a good investment. Ethereum is the rightful second place holder among the top cryptocurrencies in the market.

January 1, 2022
Bitcoin (BTC) – What is the King Up to now?

At the time of writing this article, BTC has a value of $48,046 (1% increase today) with a trading volume of $34,074,109,538 with an increase of about 12% over the past 24 hours. The king is slow to move today and as a result, the other coins have also been slow to move. As long as BTC consolidates, we can see some coins pop one after another but of course, no one goes against it.

BTC is listed on coinmarketcap in 1st place. The rightful place for the king. It has a market dominance of about 40.36%. BTC had created its all-time high around the price of $69k. It later dropped to the price of $42 from where it showed reversal. The highest it went today is around $48,472. It has a circulating supply of about 18.9M. It has a total supply of about 21M.

Technical Analysis

As we showed in the last analysis that you can find here, we said that BTC can range for a while in the range that we have drawn. Fast forward to 30 days later, the analysis is still valid and we have seen BTC consolidate within the range. The price now has done a number of fake-outs that had trapped both the buyers and the sellers in the range.

Different points should be taken into consideration. One is the mitigation area that is also a confluence to the break of structure. We can see that the price has been consolidating for a while. Now we can look for the price to go up and mitigate this level from where we can expect a drop in the price.

Now the price can then drop to the lower level from where we can expect a reaction. lower time frame confirmations should be taken into consideration before taking an entry.

Price Prediction – Bitcoin (BTC)

The coin also seems to have a good future. Walletinvestor expects a value of $83,233 by the end of the year and positive growth throughout the next five years. In 2025, it is expected to be around $211,092. A lot of traders had been bullish regarding the price of bitcoin and expected that it would reach $100k before the end of the year. Yet here we are with the price of BTC trading below $50k. But now it seems that a lot of them were wrong.

January 1, 2022
FLUX – What is the Chart Showing Us?

At the time of writing FLUX is being traded at the rate of $1.92 with a decrease of almost 14% within the last 24 hours.

The low within this tenure was around $1.92and the high was approximately $2.31. The coin as being in the watchlist of many traders makes it rank all the way up to number 153rd according to the latest data released by coin market cap.

FLUX made its all-time high in the month of January 2021 where it reached an enormous amount of $22.50. At the moment it has a daily volume of $32,224,572 with a decrease of about 17% within the last 24 hours. The total supply of FLUX is now around 440M and the circulating supply is also 222.7M. FLUX has a dominance of 0.02%.

The top exchanges for trading it are currently Binance, KuCoin, Gate.io.

Technical Analysis – Flux

The coin, as can be seen in the chart had been creating higher highs and lows. During the drop of BTC from $69k to $42k, the price of FLUX went on to create a bottom. When BTC reversed, the coin also showed reversal and we saw the price o the coin increase.

Now we can see that there is no visible reason for the price to go upwards. The wick that had grabbed all the liquidity above has also been mitigated half of the point. We can see that as soon as the mitigation happened, the coin started to show a reversal.

Now there is no visible reason to go upwards, but the presence of an order block at the bottom calls for the drop in the price. The price of FLUX has been following a trend line and has bounced many times from there. If it fails to hold we can expect the price to drop down and touch the order block.

Price Prediction

FLUX has been one of the most successful and powerful coins. The people have gained a lot, based on this coin. In the long run, traders are highly bullish on the project. The price of FLUX has retraced back and is around the same price it had around the month of August 2020. According to the wallet investor, FLUX is a good investment. The price of the coin is to reach a value of $4.973 in a year. In five years, the price is expected to reach around $15.368.

December 29, 2021
HIVE – What is the Chart Showing Us?

At the time of writing, HIVE is being traded at the price of $1.50. The price of the coin has decreased by almost 13% in the past 24 hours. The maximum and minimum of the day are around $1.74 and $1.50. The daily trading volume has on the other hand has also decreased by almost 19% in one day. HIVE is listed on coinmarketcap at 129th spot according to market capital and has a market dominance of 0.03%.

HIVE before the crash had achieved its all-time high around the price of $1.050 in March 2021. During the crash, it created a bottom and dropped down to $0.16 in the month of June. Just like many other coins, the coin showed reversal and it was strong enough. HIVE eventually went on to create a new all-time high around the price of $3.411 during the month of November.

HIVE has a total supply of around 383M tokens and has nearly all of them in the circulation i.ie around 383M. Ir can be traded at a lot of different exchanges such as Huobi, Binance, Uptbit, Gate.io.

Technical Analysis – Hive

We can see that HIVE has a really clean chart. The movement has been vigorous all the time and has seen no or little consolidation zones. We can see that the price of the coin had created a daily order block at the bottom. This happened when the price reversed and broke the lower high. The price failed to hold the last higher high and eventually fell down.

The price fell down and broke the structure, this showed that the price has reversed the trend. Now the price has mitigated the order block. From here, we can expect a reaction from the price and we can expect the price to tap in the last higher high from where we can see that the price can eventually drop even lower.

Price Prediction

Hive has been one of the highly bullish coins in the market. According to wallet investor, HIVE in one year is expected to reach a value of $3.873. In five years, it is expected to touch $11.935. This shows that even though HIVE has a huge amount of potential in it and would give amazing returns but traders think that it wouldn’t be long before it reaches a new all-time high and starts trading above $10.

December 29, 2021
Energy Web Token (EWT) – Where to Now?

The native token of Energy Web Token is EWT

At the time of writing, EWT is being traded at the rate of $10.40 with an increase of almost 8.85% within the last 24 hours.

The low within this tenure was around $9.11 and the high was approximately $10.67. The coin as being in the watchlist of many traders makes it rank all the way up to number 174th according to the latest data released by coin market cap.

EWT during the month of April approached its new All-time High around the price of $23.5. The trading volume today on the other hand has increased by almost 115.75%.

The top exchanges for trading EWT are currently Kucoin, Gate.io, Kraken

Technical Analysis – Energy Web Token (EWT)

EWT has quite an indecisive chart currently at the moment. We can see that the price before was coming down and creating lower lows. The price of EWT went up to create higher highs and higher lows. The price then created the highest point. This was the position when it failed to continue the trend and it started to fall down.

The price started to fall vigorously down and with a wick down grabbed all the liquidity presented at the bottom. After this, the price continued the trend and dropped to the wick. This was the point when it showed reversal. During this reversal, the price created a daily order block as it broke the last structure.

After this, the price of EWT started to constraint itself as it went on to create a triangle. Now even though an equal triangle has the possibility of breaking out to even sides but the presence of an order block has given a weightage to the drop of the price.

Now during the changing of the price, we need to take into account lower time confirmations to have a cleaner entry in the market as it is very indecisive.

Price Prediction – Energy Web Token

EWT has been one of the slow gainers in the market. The price is still way low as compared to the all-time high. According to wallet investor, the price of EWT is to reach a value of $11.228 in a year. For five year plan, wallet investors think that the price is to reach a value of $17.973. This means that EWT is considered a good investment.

December 29, 2021
IOTA (MIOTA) – Where will it move Now?

According to coinmarketcap, the total supply of MIOTA is around 2.78B MIOTA and all of them around 2.77B of the MIOTA are in circulation at the moment. It holds the 43rd rank according to market cap and has a market dominance of 0.17%.

At the time of writing MIOTA is being traded at the price of $1.43 with an increase of almost 2.4% in the last 24 hours. The maximum and minimum today are $1.48 and $1.30 respectively. The daily trading volume has increased by almost 43.11%. MIOTA had created its ATH in April 2021 and reached a price of almost $2.7. The price during the crash dropped down to a price of almost $0.561 in the month of July 2021. Overall the price is moving to higher highs. In October, we saw an increase of almost 28.72%. This month, we have seen an increase of almost 0.20%.

Technical Analysis – IOTA (MIOTA)

IOTA has one of the cleanest charts that I have seen today. The price did an impulsive move upwards after which it started to come down. It can be seen that the price of IOTA has bounced from a point many times. After the first bounce, the price went up and touch the upper side of the channel. The price eventually broke the channel and came back to mitigate the order block that it had created beforehand.

Now the price had broken down and mitigated the same level again. the price had a bounce from where it moved upwards. Now the price is in the same channel. The price for a few days has consolidated before a leg up. The price stayed for a while and eventually broke out moving towards the higher range. The final target can be the last higher high from where the price can eventually face resistance which can drop the price.

Price Prediction – IOTA (MIOTA)

MIOTA is a good investment and is going to provide great returns. Wallet investor considers MIOTA to be a really good investment as well. According to them, in a year the price is expected to reach a value of $2.27. In five years the price is expected to reach a value of $5.36. Traders on the other hand are very bullish on the price and think that it wouldn’t be long before MIOTA moves up to create a new ATH.

December 28, 2021
Immutable X (IMX) – Where to Now?

The native token of Immutable X is IMX

At the time of writing, IMX is being traded at the rate of $5.09 with an increase of almost 4% within the last 24 hours.

The low within this tenure was around $4.87 and the high was approximately $5.73. The coin as being in the watchlist of many traders makes it rank all the way up to number 96th according to the latest data released by coin market cap.

IMX during the month of November approached a near All-time High around the price of $9.53. The trading volume today on the other hand has increased by almost 137.75%.

The top exchanges for trading IMX are currently Kucoin, OKEx, FTX

Technical Analysis – Immutable X

IMX before the consolidation had shown us higher high movements. The price printed a big green candle that took it to a new height. After that, IMX did a descending correction. This correction eventually led to the creation of a daily order block when the price shot up and broke the previous higher high. For some time, the price continued in this direction and we saw price achieve a new high a few weeks ago.

Soon after, the price failed to create another high and eventually fell down to shift the structure. This also created another order block that has remained unmitigated for a long time. Now the price is doing a descending correction. Now the price is ranging between the two order blocks.

We can expect the price of IMX to mitigate the lower order block and then we can look for a long position. The price can drop down and get a bounce from the support, this would make sure that there is no reason for the price to go down again. Then we can look for a possible long position, this would take the price of IMX to mitigate the upper order block from where a reaction can be expected. Depending on the lower time frame confirmations, we can look for a cleaner entry.

Price Prediction – Immutable X (IMX)

IMX has been one of the slow gainers in the market. The price is still way low as compared to the all-time high. According to wallet investor, the price of IMX is to reach a value of $0.919 in a year. This means that wallet investor considers IMX to be a bad investment.

December 28, 2021
Zilliqa (ZIL) – What is the Chart Showing Us?

At the time of writing, ZIL is being traded at the price of $0.07812. The price of the coin has decreased by almost 5.42% in the past 24 hours. The maximum and minimum of the day are around $0.08452 and $0.07383. The daily trading volume has on the other hand has also decreased by almost 17% in one day. ZIL is listed on coinmarketcap at 97th spot according to market capital and has a market dominance of 0.04%.

ZIL before the crash had achieved its all-time high around the price of $0.256 in May 2021. During the crash, it created a bottom and dropped down to $0.050 in the month of July. Just like many other coins, the coin showed reversal but it wasn’t strong enough. ZIL ultimately dropped down even the monthly low of July and is showing weakness.

ZIL has a total supply of around 21B tokens and has nearly half of them in the circulation i.ie around 12.1M. ZIL can be traded at a lot of different exchanges such as KuCoin, Binance, Hotbit, HitBTC.

Technical Analysis – Zilliqa (ZIL)

ZIL has shown weakness even when it was in the uptrend. We can see that prior to the drop in the price and the shift in the structure, the price was moving in the uptrend. But the creation of higher highs and higher lows was very slow.

Ultimately the structure broke and the price started to create lower lows and lower highs. The price was moving in the downward channel. ZIL at this point started to show strength and the shift in the structure became obvious. This happened when the price started to consolidate and built a base at the bottom.

Now there are two points of interest. One is the equilibrium of the consolidation and the other one is the last lower high. We can expect the price to touch the breaker, drop down to touch the middle point of consolidation, and then a long upwards.

Price Prediction – Zilliqa

Zilliqa (ZIL) has been one of the highly bullish coins in the market. According to wallet investor, ZIL in one year is expected to reach a value of $0.156. In five years, it is expected to touch $0.450. This shows that even though ZIL has a huge amount of potential in it and would give an amazing return but according to this estimate, it would take 5 years to reach the current ATH.

December 28, 2021