attempt to break fib resistance level after consolidation with catalyst nightshade upgrade
According to Glassnode, the OI on Eth has hit ATH with the two major variable in the market, CPI and The Merge. On macro perspective, we are bullish and expecting the a post-CPI surprised pump but be aware of the massive volatility. On the TA, we witnessed a quick rebound from 1700 level after breaking the support line and forming a wedge for another power move.
Near TVL hits all time high. Near's Aurora also continues to enable DeFi and investment opportunities and developers are actively buidling protocols on Near. TA wise, it is now testing the resistance level at 13ish. The uptrend is quite structured with limited fluctuation as well. Our indicator OBV also shows NEAR has regained its uptrend.
Bull flag on weekly chart. Bullish engulfing on day chart and Trying to reverse the trend into HH. Accumulation in recent sessions. Nice RR. Details are shown on the graph.
Ape is trying to break out from a high tight flag after the "IPO base" and accumulation. We also see the claiming percentage is stablized on Dune Analytics.
From the fundamental perspective, Near's Aurora TVL soared and cleared all the resistance this year. For technicals, it is testing resistance level as shown in the graph. With the strong backers like 3ac as well as having one of the largest developer team, I think it will go higher in the future and it is still early.
After a strong sell-off, LUNA is trying to rebound and test the resistance levels.
Finished the cup with handle and breakout. You might wait for another retest to buy or with small position at current level. Cosmo ecosystem remain strong recently $ATOM $ROSE $LUNA are continue to outperform the market. IBC as a cross-chain ecosystem is bullish. Target, stop loss and add/sell point are shown on the chart. #DYOR and manage your risk.
Reverse head and shoulder pattern. SAR turns green. Altcoins are edging higher as well.
Top pick by the institutional investors but very fluctuated. PriFi has always been one of the top sector in the future imo.
Cup with handle. Metaverse idea like SAND but on top have Ad space and more...
Metaverse sector continues to outperform the market such as $SAND $MANA and $WILD. From TA perspective, $MANA is forming a VCP pattern on 4hr and cup with handle on day chart.
First target as shown. Momentum is trying to squeeze out. Atom is undervalued imo with Emeris is going to launch and rapid development of the cosmo networks from Osmoisis, Terra to Secret etc. It is also a value token for long term investment with different airdrop.
Wonderland $TIME is the best place for interest bearing token reserve bank with the compatiability of AVAX.
Pullback Buy. TVL is strong as well. More speculative for this one. Take profit earlier.
SCRT is now consolidating for another bull run. It recently build a wedge with HL on 27 Oct, 31 Oct and 2 Nov. I expect it will hold ~8.8 level and shoot up to ~13. For indicators, SAR flashes green light but OBV is still mild. You might look for confirmation if you are concerned about this. For catalysts: Opensea X Secret Network Nov 3: @Iconic_Secret...
Potential Institutional Buying...Breaking resistance level. Trail your profit and control your position size.
Airdrop result will be annouced tmr. From trend perspective, dYdX has been under pressure after the previous rally with SAR OBV keep plunging. From candle pattern, it retested ~18.52 (9EMA and previous candle high) but do not hold. More downside is expected and appears to be a good short idea. You may imagine what would you do if you receive the airdrop and seeing...