I have made a thing, no predictions, no TA's, just some lines. Shows a couple of resistances/supports on weekly timeframe.
This is a spinoff of an earlier publication I made. I still have faith in this project, it has made a miraculous recovery after the exploit. The last few weeks price action has been positive and liquidity has grown faster than before. If it decides to follow the ongoing pattern, we might se another leg down, but I wouldnt be surprised if it keeps its steady pace...
Purely speculation, but a pattern is emerging. There is a fairly huge potential upside on this project, both on the coin itself and the services around it.
Elephant made a clean breakout from the bearish channel it's been operating in for almost 6 months, and is on track to continue upwards. Old ATH is about a 5X from here, it has the potential to at least reach it, and possibly go much higher. Rock solid project unlike a lot of the BSC-flies out there. Big ecosystem, staking, bonding, farming etc, and lots in the works.
Looks like FLM has formed a huge falling wedge on the larger timeframe. Currently pushing against the 20MA on weekly, possible breakout in Q1/Q2 forming?
BSC project Elephant with its stablecoin Trunk hit a speedbump when an exploit and the following selloff almost ended the whole project. But it pulled through, and big things are in the making, Trunk lost peg, and has been in a downwards trend for some time. But todays news brought it back to life, and daily gains are good. Project is solid, and both Trunk and...
Raven might fly past the MA20 on weekly, and could continue to test the upper resistance of the bearish channel its been in for a long period now. If the market lets it, of course.
Ravencoin is currently flying in a bearish channel, as seen on the weekly chart. Possible upswing will be if/when it closes above the 20day moving average, but it still has to manage the upper channel trendline.
With reference to my previous post, the support is holding, and if we consider the resistance line plotted from medio April, there might be something happening soon.
Bounced off the 100MA during market shenanigans, seems to respect the Fib lines. Lets hope it keeps a steady course from now on, halving due January.