weekly predictions 4/3/2022

BTC:

analysis 1 (probability 66%):

entry: 42337 stop loss: 37209 target 1: 44926 target 2: 47515 target 3: 52692

if entry today, stop loss: 43874

reasons for conviction:

  1. increasing ROC, but the price has not moved much.

  2. price is over 1 std (Bollinger bands) and parabolic SAR.

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ETH:

analysis 1 (probability 66%):

entry: 2938.71 stop loss: 2474.85 target 1: 3174.32 target 2: 3409.92 target 3: 3881.14

if entry today, stop loss: 3219

reasons for conviction:

  1. increasing ROC, but the price has not moved much.

  2. price is over 1 std (Bollinger bands) and parabolic SAR.

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analysis 2 (probability 66%):

entry: 2766 stop loss: 2503 target 1: 3615.64 target 2: 3855.74

if entry today, stop loss: 3370 (probability 51%)

reasons for conviction:

  1. price broke up of descending line and will rapidly move towards the next resistance/support level.

  2. price broke up with an increasing volume signifying momentum.

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HNT:

analysis 1 (probability 66%):

entry: 26.4 stop loss: 22.39 target 1: 28.54 target 2: 30.64 target 3: 34.83

reasons for conviction:

  1. increasing ROC and volume signify momentum, but the price has not moved much.

  2. price is over 1 std (Bollinger bands) and parabolic SAR.

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analysis 2 (probability 66%):

entry: 22 stop loss: 19 target 1: 30.57 target 2: 35.64

reasons for conviction:

  1. price broke up of the wedge and will rapidly move towards the next resistance/support level.

  2. price broke up with an increasing volume signifying momentum.

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