On the monthly, we are ranging between 17.5 and 24k. If we close below the trendline in 11 days, we could break down from 17.5k and wick to 14k. Next chance to break the long lasting down trend is in November. If we close above the trendline, we have a fair chance at breaking up from 24k and hit 28k. The current candle looks super ugly, let's pray 😊
The market is under heavy pressure, but smart money is moving in opposite directions. Macro: - S&P500 testing bottom support - IWO / IPO tech indices making higher lows - BTC making higher low - FED can't be too hawkish with a military and financial conflict - GOLD developing bearish harmonics TRX already tried to make an inverse head&shoulders on the daily,...
OGN is forming a cup and handle on the 4hr, inside a major cup on the daily. Promising setup for coming months. The coming weekly BTC close and the possible break-out of ETHBTC will tell more about the general market movement on alts. Wait for a good retrace of BTC to buy OGN or expect to DCA from this point.
COS is consolidating already for weeks. The bottom is very strong and a short-term breakout from a descending wedge is indicating trend reversal. Short-term target on the chart. Long term could be much higher.