Select Page

Mid-Caps Prepare for Explosive Movements After BTC Correction

Mid-Caps Prepare for Explosive Movements After BTC Correction
Loading...
This article is added for educational purpose only. All credit goes to the respected author of this article. All In One Crypto App do not hold any liabilities of this article. You can get the source link at the end of the article content.

Iota (IOTA) is trading inside a symmetrical triangle, from which a breakout is expected.

Stellar (XLM) is moving upwards, attempting to break out from an ascending parallel channel.

Tron (TRX) is trading inside a symmetrical triangle. A breakout from this pattern is expected.

IOTA

IOTA/BTC has been moving upwards since December 2020. At the beginning of May 2021, it managed to break out above the 3,500 satoshi area. Afterwards, it returned in order to validate it as support (green arrow). Since then, it has been moving upwards.

The next closest resistance levels are found at 5,450 and 6,550 satoshis. These are the 0.5 and 0.618 Fib retracement levels, measuring from the most recent downward movement. 

The MACD, RSI, and Stochastic Oscillator are increasing, supporting the possibility that the price increases towards these levels.

Chart By TradingView

The IOTA/USD pair looks similarly bullish. While the token has been decreasing since April 16, it seems to be in wave four of a five wave bullish formation. Wave four has taken the shape of a symmetrical triangle. 

If the price breaks out, which is expected, the next closest resistance levels would be found at $3.30 and $4.25, respectively.

IOTA Wave Count
Chart By TradingView

Highlights

  • IOTA/BTC has reclaimed the 3,500 satoshi area.
  • IOTA/USD is trading inside a symmetrical triangle.

XLM

XLM/BTC has been moving upwards since the beginning of the year. After four failed attempts, it managed to break out from 1,050 satoshi resistance area, last week. 

The next resistance areas are found at 2,000 and 3,000 satoshis.

Technical indicators are bullish, supporting the continuation of the upward movement. This is especially evident by the RSI cross above 70 and the bullish cross in the Stochastic Oscillator.

XLM/BTC Movement
Chart By TradingView

The XLM/USD pair shows that the price is attempting to break out form an ascending parallel channel. Prior to this, it had been moving upwards since April 23, after it completed a running flat correction. 

As a result, the most likely target for the top of the current upward movement is found at $0.94. However, if the movement extends, possible targets are found at $1.10 and $1.30, respectively.

Loading...
XLM Channel
Chart By TradingView

Highlights

  • XLM/BTC has broken out from the 1,050 satoshi resistance area.
  • XLM/USD is attempting to break out from an ascending parallel channel.

TRX

TRX/BTC has been moving upwards at an accelerated rate since March 31. Shortly afterwards, it managed to break out from the 222 satoshi area and validate it as support.

Technical indicators are bullish.

The MACD has given a bullish reversal signal while the RSI has generated hidden bullish divergence. Therefore, the token is expected to move towards the next resistance area at 315 and 465 satoshis afterwards.

TRX/BTC Movement
Chart By TradingView

The price movement for TRX/USD is very similar to IOTA. TRX is also trading inside a symmetrical triangle. Furthermore, this is likely to be wave four of a bullish impulse.

Potential targets for the top of the upward movement are found at $0.226 and $0.288, respectively. However, they depend on the exact bottom of wave four, which has not been reached yet. So, they are likely to be adjusted slightly based on the actual bottom.

TRX/USD Movement
Chart By TradingView

Highlights

  • TRX/BTC has reclaimed the 222 satoshi resistance area
  • TRX/USD is trading inside a symmetrical triangle.

For BeInCrypto’s latest bitcoin (BTC) analysis, click here.

The post Mid-Caps Prepare for Explosive Movements After BTC Correction appeared first on BeInCrypto.

 

Source: BeInCrypto

 


All In One Crypto App presents a unique dynamic crypto course that allows you to become a profitable and successful trader. Download Now

Don't forget to share your review/suggestions for android app.

All In One Crypto App is an execution-only service provider. The material provided on this website is for information purposes only and should not be understood as an investment advice. Any opinion that may be provided on this page does not constitute a recommendation by All In One Crypto App or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page then you do so entirely on your own risk.es here

Loading...

Categories

Select Sub Category
category
610604608d2ee
1
1
Loading....

Reviews

All In One Crypto App

Made $234 profit with Free Signals from $50

This is the best useful app on my phone. Started trading with $50 and in 5 weeks I was up to $234 just with the free signals. I will recommend it to any new person that wants to try trading crypto. Link to Review

Asoluka Chimdindu

Free User
All In One Crypto App

Good Support

This app is one of the best for crypto currency trading signal for experts and beginal with free and premier with auto follow trading bot all the signal is excellent with accurate technical analysis and fundamental I really like the way they guide and support. Link to Review

olaplus olaplus

Premium User
All In One Crypto App

Accurate Trading Signals

I was premium member of this channel back in 2018 when there was no app. Thr signals were too good, more than 90% accuracy. Now with this app and newly introduced auto trading bot, it will be awesome. Too the moon. Link to Review

Yogesh Patil

Premium member
All In One Crypto App

Awesome and Accurate Signals

Very glad to use this app. The crypto signals was awesome and accurate with detailed explanation and visual information. The admin also helpful and nice. Link to Review

soon cheong

Free User
All In One Crypto App

User Friendly App

Signals are great. I love it. App also friendly to use… Nice job guys Link to Review

Olawunmi Dilureni

Premium Subscriber