Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Crypto Charts Respecting Trendlines With Pinpoint Accuracy

Published 06/30/2021, 01:36 PM
Updated 07/09/2023, 06:31 AM

Oh, how I wish the stock market was still a market. That’s why I’m so fixated on crypto. The irony is that I’m actually invested in equities, yet am in all-cash in crypto-land, as we’re still merely range-bound. But, as I’ve said countless times, it is a true organic market and totally chart-friendly. I haven’t been surprised even once yet. Bitcoin is absolutely respecting its trendline with pinpoint accuracy.

And the “alt-coins” are obeying the resistance zones and other patterns with religious zeal.

ATOM/USD:

ATOM Chart.

AAVE/USD:

AAVE Chart.

ALGO/USD:

Algorand Chart.

Incidentally, I think the ridiculous Dogecoin is in for a world of hurt. I mean, more hurt, because it’s already lost two-thirds of its value.

Dogecoin Chart.

Latest comments

For every chart posted that obeys a trend line, there are just as many that don't.  Not much detail to this article or see much substance.
glad to have you aboard mate :D
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.