It's been a while since I've looked at the charts. Been neck deep in NFTS. SHA is looking superbullish! Back above .236 for the first time since DEC 27th. Hopefully we see a breakout soon!
I didn't realize I was on the 1 hour on my previous post so I deleted it. Here is the 4 hour and the previous resistance is a little lower, about 293.4 dollars. I wouldnt be surprised to see it touch that before moving up. But, bull markets are nuts and anything is possible. I think we are looking for a huge weekend ahead.
XLM rejected off the .236 but I think it was just to retest that previous resistance. We dipped under it, so I'm thinking a retest of that support then we should move back up. If market sentiment means anything, we should get a pretty good explosion when XLM busts through that .236 retracement level. Still buying for the moment. Still haven't been doing much...
AMP has been forming this rounded bottom, which is a bullish long term pattern for the whole crypto market. It's also making its way back up to .236 retracement. I'm still buying as long as there are people that say I shouldn't. When they stop giving their opinion, I'll know they're ready to buy....so Ill sell. Theres a reason I haven't worked in 7 years.
XLM making its way up to the .236 retracement. I'm still buying XLM for the moment. Of course, this isn't financial advice. You do you.
SOL looking pretty bullish. Making its way back up to previous all time high. Will it make it? Will it roll over on itself? I think a new all time high is GREAT for this cycle.
Not sure that it concerns me. Maybe it was good enough. But I’m not super happy that we didn’t go ahead and backtest the .236. This is the hour chart, but I didn’t see it on the daily either. Will we need to come back down here at some point? I’m gonna assume so and profit accordingly in the short term to buy more in the longer short term. For now I will just watch.
A backtest can only mean 1 thing! If it holds, we should start seeing some price action...hopefully
Quant still seems to be ranging within the same bullflag that its been in for about 11 days. Good news about the OVERLEDGER 2.0 today so maybe QNT is ready for another wave?
Looks like SHA chose down when it broke out of its wedge to backtest long term support level. Maybe we will get a little upwards movement rather than more con...sol...idation....
Sorry, had to delete the last. I was looking at the daily chart and did not mean to post that one. I wanted to post the 1 hour because it's easier to see. It looks like Xrp has been following the trend line we made yesterday after breaking out of those 3 triangles. Right now it looks like it backtested the .382 retracement level.
Not sure if qnt will finish this wedge or break out of it. But I think we should know something before long.
QNT is looking good. But based on what Solana has done today, QNT will need to come back at some point to the 3.618 fib level to retest that price, which is about 320 dollars. Be prepared for that drop.
To me, SHA looks to be just hangin out. Waiting its turn. Looks super healthy, just consolidating in that area until its called to the stage. What are your thoughts?
SOL looking super bullish. Just back tested the 3.618 from the previous structure capitulation to the current top. I think SOL has a ways to go, but this wave might be the last. I guess we will see. By the way, I have no bias here. Unfortunately, I never invested in SOL so I'm just on the sidelines rooting it on! If you've invested, I hope you've taken some...
Xrp has repeated the same pattern twice in this structure. The third section, is the biggest engulfing the other 2 entirely. Look for a breakout (one way or the other) when we get to the end of it.
Amp is starting to look like it's ready for a breakout. It looks like its built a strong base over the last week or so.
That inverse head and shoulders is looking ridiculous on this chart. Clearly trending up and to the right. I see nothing here but some healthy technicals and a chart thats ready to blast off.