I found this to be typically a sell point, but my analysis is leaning me to be more bullish here. Please watch the video to see why. Ultimately I am taking a box trade approach to this position in the market.
LINK at a very nice long term spot here. 2 year bear market in LINK/ETH at support, consolidating above the 4H 10MA. See my other related post detailing my analysis on the short term.
MA: LINK has made 2 consecutive closes above the 4H 10MA S/R It nearly hit all time lows support level (line A) Trend: It is to the right of the major green trend line (definitely significantly bullish) It is above the minor orange trend line (which might be an invalid shorter term line) Candlesticks: (4H): V shape with high close followed by very low range...
This has broken and returned to support for a valid breakout of #2 type. This could also turn from what looks like a pennant to a square flag but this is at support here. Lastly Fon likes this one
I entered BADGER at Buy Point #4 yesterday ($40) ... this is a Resistance becomes Support buy strategy also $40 psychological number in BADGER which seems to stick out in my mind as a good buy price from months ago... its been consolidating for almost 2 months since highs and should offer better downside protection in this market with substantial upside...
Uh are we kidding?? Why is this so high? Its hitting the bottom side of my trend line from the rebound of the orange dump area... Is there something I don't know about TITAN? Please anyone fill me in...
SUSHI is returning (green circle) to the diagonal it just broke out of (pink circle). When it returns to the S/R line after a breakout we call this a Throwback. It's been one of the highest reward entries and is usually the lowest it ever goes on my system. SUSHI is in a broken trend though and only been investing into it because fundamentally it is one of the...
ATOM could repeat its pattern circled in green after a 70% move. Same W formation at that level and then broke out to do 300%... That was after a long basing period and cup w/ handle breakout though... Here is is a flag, in the scope of a larger ETH bull breakout, if BTC can continue and confirm. ATOM stands to do well it would seem...
Coming up to resistance of the prior longer term uptrend line may not be significant, but typically returning to a trend line after breaking it is highly likely for continuation in the direction of the break - in this case bearish on AVAX. That being said the markets are full on bull mode and the other way of seeing this chart is that AVAX just put in a ABC...
CRU looks toppish, expecting 22% correction
PHA looks ready to correct from triangle resistance
AAVE was one of the strongest most consistent coins, and many of the indexes hold large shares of it. Likely they will rebalance downward on it at the turn of the month and that will be the low.
ANC is at its already pre-established support for the 2nd time which coincides with the Fib golden level. Take initial position here 1/3 of total weight. Add at break of pink line, and add again at all time high breakout.
MIR had a very strong blast on the last breakout then the general market brought it back to 4.50 it climbed back steadily to 7.50 again and now has formed a nice handle still in trend line. If it breaks 8 and holds its time to see it go to $10.
Pickle is running right now and has been for the last 16 hours. This trade is on right now. Glad our fund bought in on this one at $11. Proper to add here on the close of this bar if its over the white dashed line. 2 more hours to go until we can make that determination.
3 Scenarios for ARCH exist, shown by 3 yellow arrows. In third scenario (most bearish) it takes ARCH quite a while to finally unwind its negativity, and you see a sort of chart similar to GRT. Sometimes these consolidations take a long time. I have set alerts to buy here on the smaller most recent downtrend break. Right now the white dashed line support was...
SWAP has been super strong in this rally. It was due for a large correction. It has sold off 50%, which indicates a slower rise back, and potential danger in this coin of correcting another 15% or more, but we have high closes in several candles in a row here indicating a confirmed trend break instead of a sell from resistance. However, I do expect a correction...
ZERO is likely to find support here, recent farming is ending and thus the sell off. Fundamentally, a lot of great things going for ZERO.