CRV first out the alt stable door? I know going long alts in this market is bonkers if you spend anytime on crypto twitter, but all noise aside and based purely on short term PA and TA, and provided BTC can hold its shizzle together. This is my sort of play.
Narrative. Curve produces yield from stable coins. Once everyone stops fudding every stable coin out there. Curve will continue to be one of the safest places to yield out there and I'm assuming the curve wars are still a thing, right?
I've not got my finger hot on the pulse but word was curve would be releasing their own stable coin. Transparently over-collateralised I hope!
1. High time frame swing fail of the yearly low.
2. Price is compressing into a bull flag/ decending wedge type formation. Either way its sucking up any demand side liquidity.
3. Price has tried and failed to break and close below this key support/ daily close.
4. Enter now with a small size and a couple of laddered buys further down if your a degenerate gambler like me trying to claw back a bank roll after SBF and his hoe nicked it all.
5. Or if you're a seasoned pro with patience and experience on their side. Wait for a breakout of this wedge and enter on a retest/ market structure break, provided BTC, ES, NQ etc..... hold its shizzle together and bear market rallies are still a thing.
6. Cut all entries on a clean break below the previous swing low as theres no more liquidity to grab down there, just a long way down.
7 Targets are a conservative TP1 at range high , TP2 at Daily fair value gap and TP3 at previous weeks high
8 . If this doesn't work out I'll have fun staying poor.
Alphatradingproject
ICX found support and ready to continue its uptrend? I've been watching/ swinging ICX for the last few months as it's continued to form an ascending triangle from the May sell-off.
The most recent Black Friday discount dump put it below its long term trend line but not for long.....????
We've found support in the area around the 200ema and the .382 fib which has flipped between s/r plenty of times this year.
The #BPT #AlphaPrime has just printed a BPT Long following a recent TD9 buy and on the two occasions those two have printed in confluence this year have both resulted in 90%+ gains!!!
Add to this we've just printed a bullish butterfly harmonic on the 16hr, bullish divergence on the 4hr & 1hr and the RSI has plenty of headroom on most longer timeframes.
I'd like some more volume and a break and close above the long term trend line before I go balls deep into this but a little Monday morning YOLO with a tight stop under the 200ema/ .382 fib area is offering enough RR to get involved.
Entry $1.7057 - $1.7872
TP's $1.91/ $2.21/ $2.65
ALICE, ALICE, who the f*ck is ALICE? A metaverse play with a 300% potential upside, that's who she is.
While BTC is chilling out, Metaverse and play-to-earns have been popping off, like they just don't care. ALICE is attempting to breakout of a longterm ascending triangle, the top of which has played a pretty big support/ resistance role in its short so-far existence.
I've been packing my bags for the last couple of weeks and the most recent wick down to the 0.5 fib area was like a parting gift from the Nordic gods.
I'm looking for a clean break and retest of the 0.786 around $16.50 before going all-in with fib based targets at circa $24/ $30/ $46 and maybe a moon bag up to $60ish.
ENJUSDT / A metaverse play ready for another 100% leg-up? ENJIN is part of the metaverse holy trinity alongside MANA & SAND
It's already broken out of a long term symmetrical triangle retested and popped off a nice little 100% gain inside 2 weeks.
The retrace found solid support on the .618 fib of the April swing high and the June low, and aided by a pretty fresh TD9 has bounced straight out of the bull flag.
There's plenty of room on the Alpha Wave RSI and volume is picking up again.
A break and close above $3.65 and we're off.
Short-term targets $4.00/ $4.88/ $6.00