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ENJ-USDT(Falling Wedge Formation)With the NFT season looming, Enjin Network, a social gaming platform presents huge potential to rally to new highs fueled by the recent hype around NFT. On 4 Hr Time Frame, Enjin Coin has been trading in the Falling Wedge formation since March 15. It has given a decent breakout from the pattern and is currently trading above 20 and 50 EMA. The support to the lower side is present $2 and is most likely to give targets of $2.78 followed by $3 .
Long
by TradeDog-Research
ENJ-USDT(Falling Wedge Breakout)Enjin Network, a social gaming platform presents huge potential to rally to new highs fueled by the recent hype around NFT wherein Beeple’s NFT was sold for ~$69 Mn. ENJ Coin has been forming a Falling Wedge Formation. On 4 Hr Time Frame, Enjin Coin has been trading in the Flag formation since March 15. It has given a decent breakout from the pattern and is currently trading above 20 and 50 EMA . The support to the lower side is present $2.2 and is most likely to give targets of $2.78 followed by $3 .
Long
by TradeDog-Research
BAL-USDT(Descending Triangle breakout) Balancer is among the top 10 DeFi assets in terms of TVL on its protocol. Currently, $1.5 Bn is locked on its protocol. After hitting its All-Time High on Feb 12, it retraced back and was continuously taking support from the 20 DEMA. On March 6, it appreciated by ~17% and is currently indicating a continuation of the bullish trend. On 1 Hr Time Frame, It has given a Breakout from the trendline. The 20 Hourly EMA and the trendline support has given support to the Doji candlestick as indicated on the chart which depicts a Retest after the Breakout. Key Levels to watch out:- The supports to the lower side are present at $42 followed by $40 . The resistance to the higher side is present close to the All-Time High Level of $52 . If it manages to close above ATH, a further move to the levels of 1.272 Fib level placed at $63 can be expected.
BLong
by TradeDog-Research
REEF-USDT(Consolidation Breakout)Reef Finance- a project built on Polkadot, that aims to be a multi-chain smart yield engine and liquidity aggregator was a portfolio product of the Binance Launchpool. On the Daily Time Frame, Reef has been taking support from the 20 and 50 DEMA, the trendline support is also present at the same levels suggesting the level of ~ $0.0373 to be a strong demand zone. Key Levels to watch out:- From the past 3 days, Reef has been forming an indecision candle on the 20-DEMA which is placed at $0.039 and at the time of writing, a strong bullish candle is in making. The trade favours a good risk to reward ratio with the immediate support placed at ~$0.036 and is most likely to continue its up move to $0.049 followed by $0.055 .
RLong
by TradeDog-Research
AVAX-USDT(Range Breakout)Avalanche aims to be the Internet of Finance. It is an open-source platform that allows it to deploy blockchains either public or private, launch smart contracts and create digital assets on its platform. On March 9, 2021, AVAX gained ~34% and since then, it is trading in that range. Currently, it has given a breakout from the range($24-$35) and is signaling strong strength to initiate a fresh bullish move to the upside. Key levels to look out:- The supports to the lower side are placed at ~$34.88 followed by ~$33.5 respectively. The resistance to the higher side are placed at $42.5 and $47 respectively.
Long
by TradeDog-Research
CRV-USDT(Ascending Triangle Breakout)Curve is a decentralized exchange that uses an automated market maker (AMM) to manage liquidity. With ~$4.18 Bn locked in its DEX, Curve Finance holds third rank among all the DEXs in terms of Total Value Locked. CRV has been trading in the Ascending Triangle since Feb 23. Key levels to watch out:- It is now standing on the verge of Breakout . If Curve is able to give a decisive breakout above $2.6 , it can trigger the rally to the levels of $3.15 followed by $3.5 . The supports to the lower side are present at $2.15 followed by $2.3 respectively.
Long
by TradeDog-Research
ADA-USDT(Ascending Triangle Breakout)ADA has again gained momentum after the news broke that the US-based exchange Coinbase Pro will list the asset on its exchange. ADA pumped by ~750% in the year 2021 to date and after forming an Inverted Hammer, it retraced back to 0.382% retracement level. After taking support on the 20 and 50 DEMA, it pumped up by ~20% yesterday signalling a breakout from the Ascending Triangle . Key Levels to watch out:- The supports to the lower side are present at $1.18 and $1.09 respectively. ADA after its breakout from the pattern is likely to achieve the first target of $1.40 followed by $1.55 .
Long
by TradeDog-Research
COTI-USDT(Symmetrical Triangle Breakout)COTI , A DAG-based protocol and infrastructure that is fast, private, low cost and can be optimized for real-time payments, it is reflecting the potential to zoom considerably as per its emerging price action. COTI has given a breakout from the Symmetrical Triangle and looks ready to sky to new highs. As per the 2 Hr Time Frame. COTI has been trading in a range since Feb 8, it gave a breakout on March 7, however, it has retraced back to the same trendline and has taken support from those levels. Key Levels to watch out:- As it has given a decisive breakout from the resistance levels(~$0.40), there is a high probability for the COTIUSDT pair to zoom to the first level of $0.48 followed by $0.58 . The supports to the lower side are present at $0.36 followed by $0.33 .
Long
by TradeDog-Research
1
BNB-USDTBinance has been the talk of the town and has served cumulative monthly trading volumes worth ~$690 billion in the month of February. Also, DeFi protocols on Binance smart chain are also gaining a lot of traction, which is pushing the BNB price higher. Binance has been trading in a Descending Channel and has given a fresh breakout from its channel resistance and is now confined in a tight range of $242.5 - $257 . Key Levels to watch out:- A breakout above the immediate resistance at $265 is most likely to trigger the prices higher to the first level of $295 followed by $330. The support to the lower side are present at $240 and $225 respectively.
Long
by TradeDog-Research
DOT-USDT(Symmetrical Triangle Breakout)Polkadot has zoomed ~360% in the year 2021. After hitting an All-Time High of $42.28 on Feb 20 has retraced back to 0.382 Fib level. It has taken support at 20 DEMA and it seems likely to resume its bullish rally. In the 1 Hr Time Frame, DOT has been trading in a Symmetrical Triangle for about the past 18 days. It has given a breakout from the pattern and is likely to resume its up move. Key Levels to watch out:- Thus, it is likely to achieve the first target of $42 followed by $46.5 . The supports to the lower side are placed at $36 followed by $33.5 .
Long
by TradeDog-Research
1
ETH-USDT(Inverted Head and Shoulder Breakout)With the EIP 1559 proposa l passed by the Core developers, it would bring a fundamental paradigm shift in the token economy of Ethereum, making it a Deflationary asset. In 4 Hr Time Frame, ETH has formed an Inverted Head and Shoulders pattern. RSI is also signalling a divergence with the price which strengthens the view that ETH could propel to new highs. Closing above $1630 can initiate fresh buying due to the breakout from the pattern. Key Levels to watch out:- The support to the lower side is present at $1450 followed by $1370 . The resistance to the higher side is present at $1820 followed by $1940 .
Long
by TradeDog-Research
2
ATOM-USDT: Trendline BreakoutOn the Daily Time Frame, ATOMUSDT has taken support from the 20 DEMA and after halting there for 9 days, it formed a strong bullish candle yesterday. On the Hourly Time Frame, ATOMUSDT has given a breakout from the Bull Descending Triangle wherein it has been trading in that range for the past 18 days. Key Levels to watch out:- The supports to the lower side is present at $18.4 followed by $16.4 . On the higher side, it can face resistance at $24 followed by $26.2 .
Long
by TradeDog-Research