BINANCE:WUSDT has been beaten so hard since its listing few weeks ago. I believe Its building a base for a reversal. Newly launched tokens tend to go up fast when they reverse as there is not that much over-hanging supply. My invalidation is a break of its last low, which could happen and I am fine with it!
I could be wrong, but I believe this token will have a parabolic run. Its chart is bullish to me and given it was launched and mostly controlled by Binance, it will be easily pushed by them.
$ETH has performed better than $BTC recently, and now it is heading down where I think it is going to retest the level of 1250$~1280$. This level is very strong in my opinion as it is a prior multiple touches resistance and expected to be turned into support with confluence in the volume profile Value Area High. Also, the merge is soon (supposedly 😂) I will be...
I will be looking for a short entry around 2.8$ with a target around 2.5$
$SHIB (Shiba Inu) is forming a Descending Broadening Wedge (DBW) since its last ATH. This is a Bullish Pattern according to Thomas Bulkowski. He stated in his book "Encyclopaedia of chart patterns" that there is a 55% possibility of breakout to the upside in a Bull Market situation. I know that 55% is not that high of a percentage but if we look closely, we’ll...
Vechain network is planning to have an upgrade to its mainnet (POA2) on Nov.16 - and with this chart where we can see a S/R flip of a weekly level. A daily candle retesting the level at 0.155 which sign a possible long opportunity !
I believe this is the local bottom for $SHIB, a double bottoms would be very possible and that will lead to another bullish direction. It could take sometimes to make that possible!
I think $AXS has formed a bullish triple bottom pattern and is going to take off! Only invalidation will be a 4 hour open and close under 64$ which is a local support! Stay safe!