CryptoHyve_
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CryptoHyve_

XRP broke the critical upside trendline earlier in the week and created a BOS on the 4h chart. It has now pulled back to this BOS zone at 2.00. Targets 1 and 2 are still in play once we get a confirmation that the pullback is complete.This trade will be invalidated if we break and close above the bearish trendline (red).NFA and trade carefully due to the high volatility of the market!XRP now reached the resistance at $2.15. If we break this resistance, we will head higher but if we reject, trade is still in play!
CryptoHyve_

LINK is currently trying to break out of the downtrend on 1h chart. As we are in a big downtrend at the moment, link could potentially pullback to the 13.00 area and continue its bearish movement. If we end up breaking the 13.00 resistance, link will head higher to the next resistance which sits at the 14.35 level. I will watch link closely at the 13.00 level, once I get a confirmation of rejection from this level, I will be taking a short position there.
CryptoHyve_

#XRP broke the critical bullish trendline which started back in November. We have had a pullback to the BOS zone which also resulted in a rejection candle on the 4h chart. Looks like we can now expect to drop to the next support zone which sits at $1.37. This would now indicate that we are in a bear market as per TA, however, the recent price action and not only in crypto is due to economic news and the market is very volatile at the moment so not FA and any news can trigger a change in direction. Trade carefully and always use SL!
CryptoHyve_

Is altseason about to begin? VET is currently breaking out of the downtrend after touching the LT critical support earlier so once we close the daily candle on a bullish note then we are going to go higher!There is currently plenty of positive news out there but the sentiment is still pretty bearish. Let's remember that corrections are very healthy and it looks like we are still very much on track this bullrun!
CryptoHyve_

XRP is creating LHs and looks to be heading for a final dip to the long-term upward trendline (purple) which would make this correction complete. The ideal scenario is that XRP will complete this correction and with bullish momentum will reach a new ATH within the next 2 months, however, let's see how XRP reacts to this critical support first!Trade invalidated due to news about SEC dropping the RIPPLE case!XRP ended up reacting to the news but quickly returned to the trade as planned - reached the critical uptrend line and support. Will provide a new trade idea once we get a reaction in this area.
CryptoHyve_

BNB reached all our targets and is now continuing with the falling wedge pattern. If its rejected from this current area, we can expect more downtrend for now and possibly even complete a correction to the critical support zone (upward trendline). A breakout to the upside is also possible and would see BNB reach $635 in the short-term. Market is very unstable at the moment and fundamental news can trigger a change of trend any moment so trade carefully and always place a stop-loss!
CryptoHyve_

XRP broke out of the triangle formation and looks like it will retest the support zone around $2.00. Hopefully we will see it bounce back from there but there is a possibility that we may go even lower towards a very strong support at $1.80. For now, I will be taking my profits at $2.05.#XRP nearing our support at $2.05 which is a strong one so hopefully we hold but the market is overall very bearish at the moment. Let's see how XRP reacts at the zone.
CryptoHyve_

BNB failed to close the break of the falling wedge and rejected at the zone, as well as breaking the support on the 1h chart meaning BNB will continue down for now, with the falling wedge pattern. The next support zone is at $560 which is my 1st target, the area at $510 is my 2nd target, although we may see a little bounce off the 1st area first!TARGET 1 HITTARGET 2 HIT
CryptoHyve_

Cardano has pulled back to our crucial support zone. If we get a trendline break with a confirmation candle close then our first target would be at $1.00 and with enough volume and momentum ADA would be looking to reach target 2 at $1.15. In case we break this support zone, the the next support down is sitting at $0.60. So far, it looks like ALTS are ready to bounce back to life but always follow what the chart is showing you over what you'd like to see happen!#ADA broke our support. Next support and target is $0.60 - 0.65!
CryptoHyve_

BNB looks to be breaking out of the falling edge on the hourly timeframe and completing a confirmation pullback. It found support in the $590 area so I'll be placing my stop-loss below. BNB will meet another resistance at $630 so I'll be looking to take profits then!
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