Nice run up to shake out the bears but more support needed to continue towards new highs. Overextended on the RSI, approaching a peak in MACD on the daily. 120$ Fib/trendline levels should be retested imo for confirmation of bullish continuation.
Bullish retest & support at 21 WMA + 50 WMA, along with a positive curve up on the RSI & MACD. New ATH imminent.
Trendline support at 2.25$ Support at 2.00$ Resistance at 4.05$
Fibonacci's in motion. Three digits for Apecoin imminemnt.
Encouraging move today by BTC by breaking 21 DMA but still a lot of work ahead. No need to get excited before the 50k's. Current price action more comparable to June 2021 than August/Sept. Stay cautious.
In less than 5 yrs, the industry has grown 100x. Hundreds of millions of new users, new tech. We came a long way.
Today $1.6 Trn. 250x in 2500 days. Still fading crypto anon?
2020-2022 macro picture: Crypto at $3T current adoption boundaries. Need another retail wave to break. Crypto above $2T: bullish Crypto between 1.5-2 Trillion: Indecisive, crab market. Crypto at $1T is the new capitulation support. Current range of market cap around 5x of 2016-2019 price band with a parallel amount of user increase (50 million > 300 million in 2 yrs).
> 2 Trn in Jan 2021 > 20x in 22 months > This time is different.
Secret Network about to go pretty public - pun intended I guess. Great technical formation and fundamentals to justify the upwards action. Too low an MCAP for its functionality & potential. Expect good things off this swing up. $36 as next major wave target.
After Tetranode-driven dump at 60$, CVX needed some rest & new support above the 30$ past ceiling. 42 should hold both technically & supply wise. 250$ long term target intact.
Gear up - we just might get that infamous 'next leg up'. 2022 will be intense.
And beyond. Solid fundamentals + tokenomics + technicals - AXS is one of the best swing trades in town rn.
If we break 220++ what's there to stop SOL? Probably nothing.
ETH broke out of key trendlines & MA, should zoom up to at least a lower high from the ATH then decide course. Similar price action across the market rn.
Bitcoin could break the 21 DMA and the parallel main trendline and zoom to 56k soon. I wouldn't be short.
Well reset - rather pretty oversold technicals. Raging fundamentals. Huge user base & growing. 112% staking APR Axie looks like a catch around these levels.