Big jumpstart into the new month as 
ETH attempts to push towards 5k.
Current consolidation just above long-term trend average. The indicated blue lines represent the old, short-term lower trend and the (potential) short-term upper trend.
I call this a potential trend as I expect us to eventually flip this into support, thus creating a new short-term trend where this line becomes lower indicator.
The orange zone represents a signal zone; ifETH falls into this range I'd expect further correction. (~4400).
*** Altcoins ***
-
RMRK went off yesterday (~32 -> 50). I plan to purchase more if it drops under $40. 10M coin supply with only 400M MC. To put this in perspective, 
KSM has a 10M supply with 3.5B MC and is currently around $400. This would put RMRK around $300. I think $150 is very reasonable within the upcoming year.
- Purchased some more
DOGE in an attempt to close out previous orders. I could see a quick push to H4 200EMA (~.235) which may be my exit point.
- Purchased some more
ALGO as I believe we're pushing to $3 soon. ALGO just received $500M in funding for DeFi and NFT projects and is gaining talk of becoming the new $SOL. It's one of those coins that lost major traction after the initial offering but has slowly been bouncing back due to increased utility. Also Silvio Micali is a boss.
- Coins I'm looking to buy ifETH dips are: 
SC, 
CRV, MMOVR and 
VET
ETH attempts to push towards 5k.Current consolidation just above long-term trend average. The indicated blue lines represent the old, short-term lower trend and the (potential) short-term upper trend.
I call this a potential trend as I expect us to eventually flip this into support, thus creating a new short-term trend where this line becomes lower indicator.
The orange zone represents a signal zone; if
ETH falls into this range I'd expect further correction. (~4400).*** Altcoins ***
-
RMRK went off yesterday (~32 -> 50). I plan to purchase more if it drops under $40. 10M coin supply with only 400M MC. To put this in perspective, KSM has a 10M supply with 3.5B MC and is currently around $400. This would put RMRK around $300. I think $150 is very reasonable within the upcoming year.- Purchased some more
DOGE in an attempt to close out previous orders. I could see a quick push to H4 200EMA (~.235) which may be my exit point.- Purchased some more
ALGO as I believe we're pushing to $3 soon. ALGO just received $500M in funding for DeFi and NFT projects and is gaining talk of becoming the new $SOL. It's one of those coins that lost major traction after the initial offering but has slowly been bouncing back due to increased utility. Also Silvio Micali is a boss.- Coins I'm looking to buy if
ETH dips are: SC, CRV, MMOVR and VET
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.