My Technical Analysis
My Technical Analysis

My Technical Analysis

Technical Analysis from me, will mostly be doing Bitcoin / Altcoin.

Bitcoin Shows Resilience, Continues on Tear Towards Previous High - (TA - 20th of November)

20 Nov 2020 1 minute read 2 comments 0xJonnyDee

On Nov 19, the Bitcoin (BTC) price reversed its potential decrease and broke out from a short-term symmetrical triangle. The price is expected to continue increasing towards the closest resistance area. Bitcoin Parabolic Ascending Support The Bitcoin...

YFI Breaks Out — Will YFII Follow Suit? - (TA - 19th of November)

19 Nov 2020 1 minute read 0 comments 0xJonnyDee

The prices of both Yearn.Finance (YFI) and DFI.Money (YFII) have been increasing since Nov 5. While the former has already flipped an important resistance area, the latter is still struggling to break out. YFII Trading Range Since Oct 7, the YFII...

UNI Returns to Crucial Ascending Channel Support (TA - 17th of November)

17 Nov 2020 1 minute read 0 comments 0xJonnyDee

The Uniswap (UNI) price has been increasing since it broke out of a descending channel on Nov 5. The price is currently trading inside an important support area which will be crucial in maintaining the current upward trend. The UNI price had been...

Bitcoin Continues Upward Move After Validating Breakout Level (TA - 16th of November)

16 Nov 2020 2 minute read 0 comments 0xJonnyDee

The Bitcoin (BTC) price increased incrementally during the week of Nov 9-16. Even though the price failed to reach a close above $16,000, it returned to validate the previous breakout level and has begun to increase once more. During the week of N...

AAVE Breaks Out from Three-Month Resistance Line (TA - 12th of November)

12 Nov 2020 1 minute read 2 comments 0xJonnyDee

The Aave (AAVE) price has broken out from a descending resistance line that’s been in place since hitting a high on Aug 26. Despite the breakout, the price was rejected by an important Fib resistance level and is expected to decrease in the short-ter...

Bitcoin Rally Stalls Under Resistance After Closing Lower High (TA - 10th of November)

10 Nov 2020 1 minute read 0 comments 0xJonnyDee

Bitcoin (BTC) is possibly trading inside an ascending triangle with resistance at $15,800. The price movement and wave count suggest that an eventual breakout from the triangle is likely.   Bitcoin Rally Stalls The Bitcoin price showed indecision on...

Chainlink (LINK) Retraces After Breakdown from Short-Term Bullish Pattern (TA - 5th of November)

5 Nov 2020 1 minute read 1 comment 0xJonnyDee

The Chainlink (LINK) price is retracing since being rejected by an important resistance level. Despite the breakdown from a short-term structure, the price is expected to soon begin moving upwards to break out from the current resistance area.   L...

UNI Struggles to Find Support After Breakdown (TA - 3rd of November)

3 Nov 2020 1 minute read 0 comments 0xJonnyDee

The Uniswap (UNI) price has broken down from a crucial support level and has been falling since. While the price has shown some preliminary bullish reversal signs, it hasn’t yet been confirmed.   UNI Breaks Down From Support The UNI price has been...

Bitcoin (BTC) Double-Top Could Lead to a Short-Term Retracement (TA - 2nd of November)

2 Nov 2020 1 minute read 0 comments 0xJonnyDee

The Bitcoin (BTC) price has increased significantly over the past two weeks but has created a bearish pattern in the short-term. Technical indicators are also showing weakness, indicating a retracement could be in the cards. Bitcoin Double-Top Implie...

Cardano (ADA) Fails to Overtake Crucial Resistance Level (TA - 30th of October)

30 Oct 2020 2 minute read 4 comments 0xJonnyDee

Cardano (ADA) has failed to break out above a long-term descending resistance line and suffered a sharp drop after its rejection.   Technical indicators suggest that the price is likely to continue its descent.   ADA Long-Term Bounce Currently, ADA i...