$PENDLE If you ask me to mention one coin that I'm most bullish on, then I'll answer the coin is PENDLE.
On 1W tf, you can clearly see that it has successfully reclaimed the 10th October low (check 1st screenshot) as well as 1W 50MA. As long as it’s above this MA, it will test the 1W 100MA and then the 10th October high. I've drawn my white box which will send it towards the $2.6 area if it holds.
On 1D tf, it has reclaimed all important MAs (check 2nd screenshot) and the legendary bullish cross is also completed. Currently, there's a pullback happening. So, I've put the Fibonacci tool & drawn my yellow box from where I'm expecting it to continue the pump. Don't forget to buy it there.
PENDLEBTC chart is also bullish which means it's going to outperform $BTC in the coming days. It has reclaimed all important MAs as well as respecting my white box. 10th October low is taken, reclaimed and my white box is still holding. The downward trendline is broken and now it’s being retested. If the retest becomes successful, then 10th October high will be next. So, be prepared.
$BTC Guys, I have a very bad news for the BTC bulls. If you're a BTC bull, you should be very concerned here right now.
On 1M tf, BTC is showing every sign of another major crash. It’s touched the resistance trendline thrice which is often termed as triple tap. Triple tap is a reversal sign. so, i think the mini bull run is over here. From that triple tap, BTC has been going downward.
In the screenshot, you can clearly see that BTC has completed an Head & Shoulder pattern, broken down it’s neckline and now coming back to it to retest. Bulls must close a monthly candle above the neckline or it’s over for them. Rejection from here will send it to the lower liquidity box which is sitting around $37500
Full target of this pattern is around $43000. So, I'm expecting the bottom should be around this zone. Keep this in your mind & trade accordingly.
$4 I gave you a perfect entry of $4 & it has pumped more than 129% since then on spot. Full target of the Cup & Handle pattern is completed.
Currently, it’s getting rejected from the 10th October low. There’s two liquidity boxes below the current price. If it’s unable to break the 10th October low, then there's possibility of visiting those boxes. So, I've closed my full position on $4
$4 It's BNB season, baby. So, look for BNB ecosystem coins that haven’t pumped yet & my full conviction is in favor of it.
The chart is looking similar to the $TUT chart before the massive pump. It's making a Cup & Handle pattern and currently under the neckline. Breakout of it will be very bullish for it.
I've put the Fibonacci tool & drawn the yellow box for you. As long as it’s above the box, it should continue the pump. The invalidation is closing below the yellow box. Then it will go straight to my white box (will show you later). It's also taking support of the trendline. So far, bulls have the upper hand. Let's see how it goes.
Just as I expected, BTC.D has been consolidating inside my green box for 10days. This box is meant to be a consolidation box and so far, it has served its purpose.
I've drawn support & resistance trendline for you. Watch closely those levels & trade accordingly. Remember, BTC.D bullish means alts are bearish and vice versa. Best of luck.
$BNB I warned BNB bulls to step in (check 1st screenshot) or it’s over for BNB. Hopefully, they listened to me & pumped the coin.
BNB bulls took advantage of 1W 200MA (check 2nd screenshot) which is a strong support and then pumped around 31%. If you've taken this trade, I would request you to book major profits here & put tight sL because it's currently facing strong resistance of 1W 100MA & 1W 50MA altogether. So, a good rejection from here is expected and normal. The plan remains the same. Break the neckline and come back to $250. Take support of both 1W 100MA & 1W 50MA and continue the pump.
Liquidity Heatmaps (check 3rd & 4th screenshot) on 3M & 1M tfs are showing that majority liquidity has been taken out. Little liquidity remains at $750 but major liquidity is below $600. Therefore, trade accordingly and be safe.
I've warned you about the Head & Shoulder pattern on BNB. Currently, it’s going exactly as I mentioned in my previous post (check 1st screenshot). Right shoulder has been formed. Now, BNB is in the neckline. Bulls need to step up here. Otherwise, it’s game over for BNB.
Breaking down of the neckline will directly send BNB to $250 zone (check 2nd screenshot) which will fill the red box. Will Bulls step up here or they lose the game here? Let's see.
I thought BTC.D would get rejected from my red box. But it consolidated inside that box for a while which makes me doubt of that rejection. And my doubt was true.
BTC.D smashed through the red box and now is inside the green box. Green box is meant to be a consolidation box. Consolidating inside this box is bearish for BTC.D and bullish for the alts. Also, it’s currently reached the trendline resistance which is not that easy to break. So, a rejection here is expected.
Both BTC & BTC.D consolidating and later on rejecting from this box will mean that money will be flowing from $BTC to alts. This will trigger a mini altseason. Invalidation will be a daily closing above the green box.