RejaA

Bitcoin has officially entered the bull market, with closing above 20WMA the previous week and 20WMA crossing 100WMA this week, which is technically the start of a bull market. Now we also know that historically, when bitcoin keeps above the 20-week moving average line, altcoins tend to outperform it.What is the situation with VeChain now?We can see that VeChain has also broken above 20WMA with good momentum, although it might test it again for confirmation, also it has broken out of the falling wedge drawn, which is also a positive sign for upward momentum. Overall it never is just a straight row of green candles. We must also consider the orange line of resistance, which was tested twice before and never broke through, the line is also a 0.382 Fibonacci resistance level, which is quite significant. So in the following weeks, we might see the test of this price level and then return to test the 20WMA, if it holds we might confidentially confirm the official start of the bull market of VeChain.

VeChain has been stagnant for quite some time now at around 0,10$, although it has reached the upper trendline of a wedge pattern. If the price breaks and successfully retests the upper trendline, VeChain might be looking at new all time highs. Nevertheless the prediction is very bullish, and would probably happen only if Bitcoin continues the surge and manages to hold above the 60k$. The only thing that troubles me is the already quite high RSI, but if altcoins will surge if bitcoins makes a move and holds above ATH, we are likely to see a much more price momentum than I predicted.

ETH seems to be in a rising wedge as seen, if we break to the upside and manage to break 2000$ psychological level the rising wedge target price is at around 2260$. This is a 16% gain from current price of Ethereum.

VeChain did quite a lot in the last few days, now it seems to be forming a bullish flag. If we break out to the upside, which is extremely likely also due to the bullish divergence on the RSI, the flag target is at 7 cents. That is around 40% gain from now and around 22% gain from the breakout zone.

At this point I don't believe we are returning to 20 week MA just yet. I think bitcoin has got another kick in it before a bigger correction.We can see Bitcoin forming a big wedge on the hourly timeframe. There are two scenarios, but bitcoin is at it's all time highs, so it has more support below than resistance above, so I'm quite positive it will break to the upside.I personally think that we will get rejected again at the resistance line, and test support again before breaking out. If we break out we must break trough the ATH at around 40 000$, but as it hasn't been an ATH for long and seeing how we broke trough 20k I really don't think we will get rejected at it. According to the wedge target, bitcoin should hit around 51 500$. But in reality I think we will get rejected at 50k, as it is a big psychological level. So I will probably take my profits just below 50k.

The following is my possible trade on LINK in the near future. Feel free to copy. Risk/reward ratio is around 8 and gains are 30% - 50%.Basically Link has ben held under a strong resistance levels and with the supporting line, making a possible rising wedge. If we look at fibonacci retracement levels, from previous test of support to rejection of resistance, we can see that the price has been rejected at exactly 0.618 fib resistance.There is another less crucial line that LINK has been holding as support, marked with pink.How will I trade this? Place a long order just above 18$ which is just above the resistance and a psychological price level. Set first take profit just below 25$ (Fibonacci target) and second take profit at 28$ (Wedge target).And yes, don't forget the stop loss ;)If you like the idea or have anyhow different opinion feel free to drop a comment.

Chainlink is trying to break trough the resistance level. If it breaks it it can go sky high. LINKBTC looks very bullish in my opinion, so I think we will break it rather sooner than later. If bitcoin finally corrects, LINK price would probably go down with it and stop at major support level marked on the chart, which had been tested few times now. In any case, if we see a breakout immediately I'm bullish on link, if we see a correction we are forming a rising wedge and still have a bullish target.

Bitcoin has pumped a lot in the last few weeks. We can surely predict a correction soon as the matter of fact I think that it just started. RSI index is at the all time highs and there is a doji star forming currently on the daily timeframe. I predict that we will retrace to the 20 week MA as we did in previous cycles, and in this chart I show the probable scenario of retracing to 0.618 fibonnaci retracement level. We could be expecting around 50% to 60% correction, which is completely normal in the bitcoin bullruns. That would put a price per one Bitcoin to around 18000$ at the bottom of the dip.

ADA seems to be forming the same cup&handle pattern as VeChain did (I published a chart yesterday). In my theory we will probably get rejected at around this level as we are at previous all time high and RSI is very high, which shows overvaluation. In my opinion we could retrace to 0.618 fibonacci level, that is 54% drop from now. If we find support there and return to current prices and we really form a full "handle" ADA has a massive upside move potential, 350% from the bottom of the handle, which sets the price to around 0.7USD for one ADA.

VeChain has shown us textbook example of cup and handle pattern. I was a bit late of recognising it the bigger picture, but there are still 20% possible gains until we hit the target.