FRONT / BUSD pair in potentially bullish descending triangleFRONT consolidating in a potentially bullish descending triangle if it breaks out positively here. It is finally hitting strong resistance at previous local high and I expect strong buying pressure here.
If it breaks down below the triangle, that is a bearish sign.
I have a position and am up 170% here. Took some profits around 300%.
Looking to reclaim previous ATH and break though that.
This is a low cap 50-70 million marketcap defi coin.
Lowcapgems
AllianceBlock: Newly Decoupled Pairings Shifts Our EmphasisIf Ethereum decides to take a breather after this insane weekend surge, I expect good things for this ALBT pairing.
With ETHUSD up 23% on the day at the time of publishing this, a quick look at ALBT shows a decoupling of its USDT pair from its WETH pair. This is mostly as anticipated given the surging ETHUSD and ETHBTC pairings this weekend, but I still felt it worthy to point out how this is setting up.
Our job is to identify entry opportunities that show favorable risk/reward around entry timing. The levels I’ve highlighted on these charts will depend on Ethereum bull exhaustion, and in order nail the entry, it would be prudent to map out ETH/USD and ETH/BTC charts in tandem with these ALBT charts.
ALBT/WETH pairing on the left: We are remarkably close to retesting the golden pocket retracement (Fibonacci level) of around 0.00029 while we are currently underway with its first re-test of the daily 26 EMA after the 12/26 bull cross. These are key entry levels I like to watch for, so I am keen to see how this plays out in the next 48 hours.
ALBT/USDT pairing on the right: The daily 12 EMA is holding up, and is clearly attributable to the strength in ETHUSD this weekend. Whether or not this chart goes back to retest $0.40 will depend on the ALBTWETH pairing, in my view. Bulls are going to want to maintain that daily 12 support if ETHUSD keeps running higher. If ALBTUSDT gets a daily candlestick close below the daily 12 EMA will be a red-flag, and bulls will want to re-evaluate the ALBTWETH golden pocket setup highlighted previously.
CHICO CrypTo's XOR PolKaDot Eco. GEMMy Fellow T.V. Comrades,
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ANALYSIS:
XOR had a great surge after bouncing off the lower ascending trend on 11/12. Had a pump of nearly 140%, which means a healthy pullback is a looming. We are seeing this narrative play out currently, as XOR noses dived into 0.205ETH for support. Therefore, XOR is in search to find some footing for support. So, the 0.17ETH and the 0.15ETH levels are looking very intriguing as possible buying opportunities. As Atls may be entering their bullish cycle, XOR could be a nice stash if it dips to those lower support levels. Either way, bagging some DoT Eco. coins have seemed to play out very well so far. Just saying.
As Chico said "I got 99 problems and baggin shIt coins aint one!"
