Can CHILLHOUSE catch up with HOUSECOIN???

Lets meme talk...

CHILLHOUSE on top/ HOUSECOIN on bottom-

Housecoin had a major rally up after its short correctional phase, while SOL had some major pumps. It pivoted off of a STF 1:1.618 ratio a little while back and reached staggering heights of 4,000+%. Currently setting around 35.5M market cap.

So along comes CHILLHOUSE... not much has happened since its first rally up so it's still in its correctional phase. And it also seems to be moving in tandem with HOUSECOIN, as they are both printing descending channels with a slight wedge.

CHILLHOUSE is sitting on a 1:1 of what could be a minor wave bottom, considering stochastic is in the oversold position, possibly forming a higher low. It did pivot from the 1:1.272, but its too early to tell if it's indeed a pivot, or just a connective wave to lower lows.

This doesn't mean much but could be a small clue that CHILLHOUSE is preparing for the next minor wave up, which could lead to the next major wave up.

But in order to see strong bullish moves, SOL would have to keep its pace without any major slumps and SOL does look like it may be short on fuel at this moment. But it would not be surprising if SOL continued to make higher local highs.

I'll be keeping an eye on CHILLHOUSE, as this coin may be the next runner up in the "HOUSE" narrative.

Also, there could be a gem in the sand called HOUSEWIFE, currently around 7K market cap that could show its self later on during the cycle.

These are "Pie in the Sky" calls here though, so with that note, take memes seriously and never invest more than you are willing to loose.

Good Luck!

-Not Financial Advice-

Note

Here is full historical data for CHILLHOUSE (Source: Coingecko). It could be completion of a 1:1 3 wave correction (Blue Lines). And a completion of a higher time frame 1:0.618 correction. We would have to see a break from the supply/resistance line. Price is currently dealing with resistance at the 50 EMA ribbon.

Note

SOL may be printing a 3 wave correction, possibly wave 2 top. If it plays out, pull back can be expected here.

Note

While SOL refuses to go down, CHILLHOUSE is making another attempt to break out of the descending wedge. It found support on the GW of the previous minor wave up. If momentum continues for SOL, it's just a matter of time before a breakout occurs.

Note

A breakout from the the wedge occurred today. And now a bullish wick on the 4 HR is showing. Retracement is expected here; Possibly the GW support structure. If it finds support on the 0.5 or higher, this suggests the trend up is still strong.

Note

This may be the completion of a low time frame 1:0.618 3 wave correction here. CHILLHOUSE has been printing a descending channel, which, is in most cases, cause building for bullish impetus. If SOL has bullish movements for the next week, This may very well follow and retest the flag top.

TheGemHunter

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TheGemHunter