CAN | Crypto Analysis
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Daily crypto market updates and insights.

Covering major market moves, trend shifts, and key developments across the crypto space.

No financial advice.
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#STORJUSDT ( Storj ) 1 Hour

UPDATE


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πŸ”° Since we hit the Weekly Support zone, this coin has become one of my favorites. Again we can look for buy setups from the Current Market Price with the following setup:

⬆️ Direction: # LONG

➑️ Entry Area: CMP (0.6712 - 0.645 $)

βœ”οΈTarget Area: 0.724 - 0.8 - 0.92 $

πŸ”΄Stoploss: 1
Hour Close below 0.6$
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CAN | Crypto Analysis
Chart Link πŸ“ˆ #BNBUSDT ( Binance Coin ) 2 Hour UPDATE and New ANALYSISπŸ“ˆ βž–βž–βž–βž–βž–βž–βž–βž– πŸ”° Let's talk about Binance Coin again. As we expected the Blue trendline was broken and Wave (D) high, probably has formed, so if you were short on this coin put Stop just…
Chart Link πŸ“ˆ

#BNBUSDT ( Binance Coin ) 2 Hour

UPDATE and New ANALYSISπŸ“ˆ

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πŸ”Ί Our updated Stoploss was hit and we got out of short positions so Let's review this chart.

πŸ”° We can assume this correction has ended and a Contracting TRiangle pattern was formed so we are looking for Pullbacks to buy this coin again.

⬆️ Direction: # LONG

➑️ Entry Area: 310 - 324 $

βœ”οΈTarget Area: 350 - 399.7 $

πŸ”΄Stoploss: 2
Hour Close below 296$
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#NEARBTC (NEAR ) 1 D

UPDATE AND ANALYSIS


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πŸ”° Our previous analysis on this pair was full target and price got rejected from that zone which made Bitcoin to outperform Near again. Two important Zones that can change the price direction is clear on our chart.

πŸ”Ή So many of you ask us how we can use this chart. This question has two different answers: First and most obvious one, some people trade BTC and their goal is to increase their Bitcoin and Second for Swing Traders, if you want to enter a long position if the pair is bullish against Bitcoin AND you have a nice Setups on Tether pair, you will most certainly increase your win-rate and the there is a possibility that the coin you picked, might outperform the market.
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CAN | Crypto Analysis
Chart Link πŸ“ˆ #DYDXUSDT ( DYDX ) 1 Hour New ANALYSIS βž–βž–βž–βž–βž–βž–βž–βž– πŸ”° Nice πŸ‘ŒπŸ½ More than 9% pump and first target done πŸ₯‚ Take some profit and Risk Free this position
Chart Link πŸ“ˆ

#DYDXUSDT 1D

UPDATE

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πŸ”° Our Lower TimeFrame analysis of DYDX got stopped out after nice reaction but Higher TimeFrame analysis is still the same. Only our first buy was filled and is in fact in more than 30% profit πŸ₯‚

πŸ”Ή I recommend you risk free this position and take 30% off this position to pay yourself and keep the rest for Higher targets.

▫️ Our other buy setups are still active and if we see a deeper retracement in this correction below 2.4$ we will be buyers again
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CAN | Crypto Analysis
Chart Link πŸ“ˆ #XLMUSDT ( Stellar ) 1 Hour UPDATE & new ANALYSIS βž–βž–βž–βž–βž–βž–βž–βž– πŸ”΄ We got stopped out from this position. Still has the potential to Reach our Targets so if you are holding it, put Stop below 0.116 low.
Chart Link πŸ“ˆ

#XLMUSDT (Stellar) 4 Hour

UPDATE

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πŸ”» Our previous analysis of Stellar failed and Now another alternative is presenting itself.

πŸ”° Our corrective pattern just became more complicated and From Contracting Triangle we are dealing with Diametric pattern and here is our Setups to trade leg:

⬆️ Direction: # LONG

➑️ Entry Area: 0.1 - 0.112 (CMP)

βœ”οΈTarget Area: 0.1279 - 0.139 $

πŸ”΄Stoploss: 0
.095 $
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#CAKEUSDT (PancakeSwap) 4 Hour

UPDATE
& Signal

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πŸ”° Our larger view on this coin is still valid but looking at Lower Time Frame data we can set another setups here.

⬆️ Direction: # LONG

➑️ Entry Area: 2.52 - 2.62 (CMR)

βœ”οΈTarget Area: 2.73 - 2.95 - 3.18 $

πŸ”΄Stoploss:
4 Hour Candle Close below 2.352$
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#IOTAUSDT (IOTAUSDT) 4 Hour

UPDATE
& Signal

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πŸ”° IOTA seems like it can grow from these levels so here is our possible setups.

πŸ”Ή Risk Management Note: We share ideas with you, but the fact it that you are the ones managing your money. Do not forget not to risk too much in one direction so if the market reverses, you hit too many stoplosses. Only 2 or max 3 positions in one direction is quite enough unless you risk free some of them !

⬆️ Direction: # LONG

➑️ Entry Area: 0.257 - 0.27 $

βœ”οΈTarget Area: 0.285 - 0.298 - 0.317 $

πŸ”΄Stoploss:
4 Hour Candle Close below 0.2424 $
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#ETHUSDT  (ETHEREUM)  1 DAY

OVERVIEW & ANALYSIS

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πŸ”° Here on this chart you CAN see one of the possibilities that market could take in the year 2024
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The price movement inside the highlighted channel could be similar to a complicated DIAMETRIC correction pattern which could actually pull price down to lower levels with after fulfilling the 3 drive pattern on a new high as well
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Of course it is just a pessimistic speculation of price movement and we need a lot of time for the market to actually prove us right ot wrong πŸ”
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CAN | Crypto Analysis
Chart Link πŸ“ˆ #CAKEUSDT (PancakeSwap) 4 Hour UPDATE & Signal βž–βž–βž–βž–βž–βž–βž–βž– πŸ”° Our larger view on this coin is still valid but looking at Lower Time Frame data we can set another setups here. ⬆️ Direction: # LONG ➑️ Entry Area: 2.52 - 2.62 (CMR) βœ”οΈTarget…
Chart Link πŸ“ˆ

#CAKEUSDT (PancakeSwap) 1 Hour

UPDATE

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πŸ”° Boooom πŸ€‘ First target is done pretty fast. Let's update our Stoploss and see if we can get more profit out of this one.

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