LINK could still pump some before the correctionLink could definitely go test the top of the channel if BTC comes back to 56k.
Alts will move accordingly with BTC and I am analyzing all the alts that I am interested to invest long term if BTC tells me to do so.
This is my list:
BTC, ETH, ADA, LINK, DOT, BAND, SUSHI, UNI, YFI, AAVE, SXN, ATOM, COS, 1INCH, CAKE E LUNA
UNI
UNIBTC - Descison Time: Strong Trend Holding but will it?Hello Traders,
Yes, a confusing tagline. UNI is holding an upward trendline as of lately on multiple time frames.
We've formed somewhat of a symmetrical triangle. This can lead to two different options and consolidation I don't believe is one of them.
In the coming hours/ day we will see a strong movement to the downside or up. Being an optimist, I'll point to the upside but optimism has never moved markets. So, my second fallback is looking at the charts, reading market sentiment, and using price confirmations to make decisions.
As you see above, there is a green rectangle. The price is just below it. Once we see a break to the upside and a close holding above it, I will enter a long position. Choppy markets like this, will usually create opportunities for smaller gains but gains never the less. I'm shooting for 20% gains and I'm holding a very tight stop loss right below the bottom line of the triangle.
Good luck!
Many BTC scenarios could happen now.BTC is still under accumulation and everyone is trying to understand if it has more space to go up after that correction.
No one knows, on my view the only think I know is that it could play around that channel a bit before pumping again, so be ready for every scenario.
SUSHI possible scenarios I am swing trading some defi alts right now, like UNI, SUSHI, AAVE, SNX and others. But my suggestions is to just take small profits and use the volatility.
Some alts are following the trend perfectly, in moments like now that BTC is unpredictable, I only allow myself to trade the volatility and hold my old positions.
Just my idea on UNi right nowI am swing trading some defi alts right now, like UNI, SUSHI, AAVE, SNX and others. But my suggestions is to just take small profits and use the volatility.
Some alts are following the trend perfectly, in moments like now that BTC is unpredictable, I only allow myself to trade the volatility and hold my old positions.