Even though it looks like a bull flag, we are expecting a break down. If it does, we will be converting our BTC holdings to ETH. Our reasoning for a breakdown is that ETH is quite over extended, BTC will likely recover in the shorter time frame at a higher pace. Given the amazing bullish sentiment for ETH, we recognize that we are probably wrong.
Hourly symmetrical triangle breakout confirmed. Please see previous idea for price targets
we seem to have found support from the ATH to the recent wick high trendline as support, it holds, this is super bullish and expect more upside for BTC
Taking the pricing action from January, we could potentially see a $.652 doge in the short term before more consolidation.
We originally published an idea narrating the path for $CAKE to head to $40. We also drew a trendline showcase the price progression. Now that $CAKE broke past $40, we are expecting $CAKE to continue to trend down and bounce of 200 EMA for support.
we are moving above previous support in the trend line we drew. expecting $.42 doge shortly.
same price actions in consolidation and moving average expansion.
We believe MATIC is breaking down from an ascending wedge. we love MATIC and planning to enter around $0.6357. For the bulls, just HODL and let's moon together. Expecting MATIC to be easily be over $4+ this year minimal.
AS BTC dominance continues to fall, we are all expecting a major ALTCOIN rally. Taking look at DOGE, we do believe this could be potential setup for continuing price rally.
Expect more Altcoin Rally in upcoming days
One could make the also make the bullish argument that BTC is currently in an inverse head and shoulders. We believe this is a low likely hood but definitely possibility and just want to represent both cases. Please see our other idea to see the bear idea.
If we can get a nice solid bounce then expect to see ALTS to continue to pump, if we have to get support, expect a bigger sell off in the market.
We are expecting a breakout of the current fib level and heading to the next fib level. Price target around $9.80
Since beginning of the year, if you zoom out, ETH been trending upwards in the trend lines we drew on the daily time frame. We simply extended the trendline to the end of the year to showcase how 10k is possible. Ofc, no trends will hold forever and ETH will likely to correct/crash along the way to $10k if it is possible. We are observing the trend line and...
We honestly love MATIC and ETH ecosystem. Sold our bag recently at $0.8 wanted to come back in and didn't expect the strong bounce at the .786 fib level. Was expecting an immediate retrace to 0.618. Been watching this chart and noticing an ascending wedge, expecting things to break down to around 0.618 test for support. Please don't hate us for the bearish...
Don’t get me wrong, we are super bullish on ETH, our portfolio is 70% ETH, but we are expecting some kind of pull back this week or next week as we continue to trend towards the upper trend line. Could because we failed to break 0.5 BTC and break down then comeback for retest. Still very long term bullish.
If the bottom trendline is tested for support, will look into re-entry. Mattic is quite bullish, lead by the ETH rally run.
Following our previous post, Solana trend back to the lower upward trend line. It was in a descending triangle, broke down and bounce back from lower trend line. Very bullish and confirm the trendline for support. Expecting Solana to trend upward to the upper trend line in the shorter time frame.