With the layer one wars starting to heat up, it may be wise to minimize number of trades and hold strong contenders like sol and avax for the long term. That said, if you are going to swing trade these babies, confluence of the .382 fib with the round number of $250 will likely see a selloff in the short term. Just make sure to buy the ensuing dip or kick...
Fundamentally, I prefer sol over avax. But based on technicals and sentiment i think this is a good trade. If some giga brain known how to hedge this plz dm me.
Just broke resistance with successful retest. Look for .618 target in short term.
Fear at 27, yet support looks strong. Continuation imminent. Go long.
The tech behind celo is complex and beautiful. But this chart is simple and easy. Going long.
An 80% correction now would take us below previous ATH which is not characteristic of BTC bear markets. Still holding thesis that this is just a nice vicious consolidation. Market cycles are getting longer. Targeting maybe ~150k for next ATH.
The not quite ready for a full bull run continuation, but sideways action in the 40-45k range looks feasible.
Expecting ETH bull run to resume before BTC, due to Miami conference BTC FUD and DEFI undeniability. See confluence of major horizontal support and trend line. This is a more conservative revision of my previous support line, meh.
We are still in a short term down trend with lower highs and lower lows, but 30k will probably hold, aside from some evil stop hunting wicks :) The next month is a standard bull flag consolidation meant to shake out weak hands at the 50% drawdown from recent ATH.
We have a 5 month trend in ETH that will be retested and held. Despite my stance that both ETC and BTC are complimentary chains, sentiment currently has liquidity migrating out of BTC to ETH, so even as BTC falls to 30k, ETH will continue to rise. Looking for a conservative entry at 2.4k.
I've been in this trade for a few days now, seems to be playing out nicely so far. basically: the bull run is only just starting. This is just profit taking time, and testing the conviction of 30k support, a nice clean 50% drawdown from the blow off top. We won't see an 80% drawdown until much later in the bull market, well above 150k. In the next few days though,...
Asymmetric risk-reward opportunity with bull trend continuation and next major (weekly) resistance not until ~$11.5k.
9.2k was significant resistance going back 6 months. Current bull move also needs to cool off. Expecting deeper retracement to test 8-8.2k.
Newly established bull trend defended on bounce at $7.6k. Expecting test of significant $9k resistance.
Expecting to attack significant weekly resistance above 7.5k.
Expecting a retest of the lows, possibly for formation of inverse head and shoulders.
Textbook falling wedge suggests bullish reversal.
Getting higher lows, expecting a new higher high i.e. test of 8k rather than revisit of 7k.