Graph, Litecoin And Fetch.ai Are Ready

GRAPH ANALYSIS: OCTOBER 2021

Market Structure:

Graph is an indexing protocol for organizing blockchain data and statistics, making it accessible for users. Here’s the market structure of Graph.

Graph is trading at $0.9973. The market structure of Graph is extremely bullish as the coin is making higher-highs and higher-lows on the daily chart. In addition to this, the coin has bottomed out near its demand zone and has resumed its upward trajectory. The demand zone that ranges from $0.9350 and $0.96 will serve as a good support should any selling pressure come in. The immediate supply zone ranges from $1.06 to $1.09. The Graph must break and close above the upper end of the channel to witness a move to record highs.

On the hourly chart, the coin has successfully broken the previous equal highs and is forming a base for another rally. The Graph has broken its consolidation phase on the upside indicating that the buyers have overpowered the sellers. The coin will now head for the aforementioned supply zone unless unusual bearish volumes are witnessed.

Graph analysis
Source: tradingview

Market Indicators:

The Relative Strength Index is indicating mild price strength for the coin in the short-term. The hourly RSI is above the neutral region after breaking equal highs. It stands at 55.18 and has the potential to go higher.

The MACD is above the signal line due to the breakout of the consolidation phase.

Graph analysis
Source: tradingview

Conclusion:

On the breakout and close above $1, $1.02, and $1.09 are the targets on the upside.

On the breakdown and close below $0.96, $0.9125, and $0.87 are the targets on the downside.

LITECOIN ANALYSIS: OCTOBER 2021

Market Structure:

Litecoin was an early spin-off of Bitcoin, designed to perform similar functions as Bitcoin. Here’s the market structure of Litecoin.

Litecoin is trading at $191.5. The market structure of Litecoin is mildly bullish as the coin has not broken its structure on the daily chart. The coin manipulated the equal lows and immediately broke back into the consolidation phase. Litecoin grabbed the excess liquidity in the market and is primed to make a steady markup. The coin has taken support exactly at the 50% Fibonacci retracement level.

On the hourly chart, the coin has made a series of higher-highs and higher-lows in the process of recovery. The coin is likely to find demand in the range between $188.5 to $190.5. The immediate resistance is the next Fibonacci level placed at $197.6. Once that level is invalidated, Litecoin can continue its bullish momentum to regain previous highs.

Graph analysis Litecoin
Source: tradingview

Market Indicators:

The Relative Strength Index is indicating mild price strength for the coin in the short-term. The hourly RSI is above the neutral region after bouncing from the 50% support. It stands at 56.30 and has the potential to go higher.

The MACD is above the signal line due to a sharp reversal from the Fibonacci support.

Graph analysis Litecoin
Source: tradingview

Conclusion:

On the breakout and close above $194.8, $197.9, and $205.8 are the targets on the upside.

On the breakdown and close below $188.5, $184 and $180.6 are the targets on the downside.

FETCH.AI ANALYSIS: OCTOBER 2021

Market Structure:

Fetch.ai is building a digitized economy for the future and advanced cryptography. Here’s the market structure of Fetch.ai.

Fetch.ai is trading at $0.7445. The market structure of Fetch.ai is indecisive as the coin has been consolidating in a symmetrical triangle. The consolidation has been getting narrower thus a breakout is imminent. Looking at the current momentum, Fetch.ai is heading for an upside breakout. The nearest demand zone ranges from $0.66 to $0.6787. On the other hand, the nearest supply zone ranges from $0.8713 to $0.8879.

On the hourly chart, Fetch.ai has given a very choppy move as the coin has violated the trendlines only to break back in the consolidation. The coin had candles with wicks on both the sides as the buyers and sellers fought for control.

Fetch.ai analysis
Source: tradingview

Market Indicators:

The Relative Strength Index is indicating mild price indecisiveness for the coin in the short-term. The hourly RSI is flat as it hovers near the neutral region. It stands at 50.44 and has the potential to go in either direction.

The MACD is above the signal line due to a sharp reversal from the Fibonacci support.

Fetch.ai analysis
Source: tradingview

Conclusion:

On the breakout and close above $0.76, $0.7761, and $0.7979 are the targets on the upside.

On the breakdown and close below $0.7352, $0.7081 and $0.700 are the targets on the downside.

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