Crytpocurrency
SAND Approaching to Buying ZoneIf we do come all the way down to the buying points of the Fibonacci retracement I wouldn't even think of buying SAND.
0.5 Is a very good entry level and 0.62 golden pocket even better. I am looking forward to start accumulating from these points because the run up all the way to the ATH is very very large.
Due to the insane support we won't be breaking below the 2 dollar level making these even a better opportunity for futures or even spot market.
Be patient and wait until we see thee levels.
Price Discovery Mode Engaged!Congratulations to all how have held through the summer madness and stuck to your convictions. If you’re just joining the show, you are most definitely not too late.
Aside from ETH breaking new all time highs, it continues to set new unprecedented levels in other metrics as well.
From a fundamental perspective
-Hashrate currently at all time highs
-Illiquid supply almost mirroring the levels of BTC
-Rumors continue to circulate about a similar ETH ETF thus creating more bullish, yet speculative news.
Heres how I am approaching things.
From a technical perspective
-Expect pullbacks and volatility as ETH continues to set new all time highs. Psychological levels such as 5.5k and 6k will continue to act as short term resistance which almost always come with heavy pullbacks for better opportunities for entries. Be patient with your entries, dont chase profits but also lets remember to not set firm entries here. I generally like to set an entry zone as opposed to a firm price. The last thing you want is to have the price run away from you which will just expose you to unnecessary risk. Remember to sell into strength and buy into weakness.
SCRT LongSCRT is now consolidating for another bull run. It recently build a wedge with HL on 27 Oct, 31 Oct and 2 Nov. I expect it will hold ~8.8 level and shoot up to ~13.
For indicators, SAR flashes green light but OBV is still mild. You might look for confirmation if you are concerned about this.
For catalysts:
Opensea X Secret Network
Nov 3: @Iconic_Secret reveal
Nov 7: @Shade_Protocol snapshots begin
Nov 9: @SecretNetwork Supernova #IBC upgrade
These could be huge and trigger the revaluation on privacy solution like SCRT. Privacy is our human right and Secret is in a good position.
DOGECOIN TREND ANALYSIS - THE LAST OPPORTUNITY FOR YOUR TICKETDogecoin has been going through a long recovery and we all beg the question, "where do we go now"? What I have gathered with the information provided to me is that history likes to repeat itself with doge. Both charts are extremely similar in pattern. Our current position is poised for a huge run. A run that will make shib look minuscule. We had a volume spike which drove us to .34 cents. The same pattern happened on the first run-up. You can see where I circled the volume in comparison. We are at the end-stage for going sideways and we are going to be moving up hard and fast. There is a reason Elon holds shares of doge. Best of luck to y'all. See you on the moon.
DOGE Ready For 1$?
DOGE Analysis:
If the Daily candle will close above the trendline we can expect that price will be starting an uptrend.
if this will happen then you can join this trade.
BUT :
still, the closing of the candle not be finished.
so we should be waiting until tomorrow then we can join this trade on the pullback.
Notice: Maybe we did not have any pullback and the price will move from here.
DYDX ShortAirdrop result will be annouced tmr. From trend perspective, dYdX has been under pressure after the previous rally with SAR OBV keep plunging. From candle pattern, it retested ~18.52 (9EMA and previous candle high) but do not hold. More downside is expected and appears to be a good short idea. You may imagine what would you do if you receive the airdrop and seeing the price of dYdX keep droping.
ENJ BreakoutENJ/USDT
1D/8H
ENJ has broken out of a symmetrical contracting triangle on the daily having initially rejected off the upper structure within daily supply and creating a falling wedge reversal triangle that created a new higher high and higher low and started a new uptrend. We rejected off the daily supply with a rejection wick on both the 1D and 8H and consolidated below mitigating the sell side pressure above before continuing its upwards move breaking out nicely with little sell side pressure and supporting volume. Momentum on the MADC daily still showing healthy upwards motion as we cross the centrline and volume increases whilst the histogram remains bullish.
Expecting a continuation into the 1.272 fib and into the next level of daily supply where a reaction is expected.
We don’t predict, we react to what the market is showing us.
reverse head and shoulderUniswap is another alt coin that I am bullish on, and seems like I have covered before
it has gone into the accumulation phase since June. The RSI seems to be quite good now
The chart is doing a reverse head and shoulder and the hourly candle has broke the resistance. From here, it's going up the 30 dollar which is another resistance. I think it will continue to go up to the ATH if the overall crypto market is positive, which I think it is.
Press like if you like the idea.
(SNX) Synthetix looks goodSNX looks like a good play , touching support and we also have BTC.D going up can reject anytime soon and go down and altcoins will do lovely run. I believe we go up over 50-70% in the next coming month or weeks.
Do not over complicate things, hold spot.
I believe this and RSR will be good plays in the incoming months.
New all time high in the makingI have been eyeing this crypto for quite some time now, I strongly believe that this will break the upper trendline and go to the major resistance then retest the trendline to shoot up to the upside.
However, there is a possibility of movement down to the major trendline @3424.70 which could follow through to a support zone @2799.45