Looks good - Underlying fundamentals of the RSR project are good Looking nearer term - reaching a strong resistance level - Expecting price movement to change in PRZ (Blue box) Below prior lows - there's a lot of space... Lets go....
Rapidly moving up - driven amongst other things by the planned CoinBase listing this month. Nothing goes up forever however and I am looking for a potential reversal and covering of longs in the PRZ shown. Will need some confirmatory metrics at the same time once in region but progressively looking like an interesting short.
Nice - so CZ Binance giving us a second chance to make some bear market MONEY1!! Agreed to a CEX on chain burn - turnover ~250k daily in a $2bn market cap Previous realities with regards to utility still stand... LUNC is going to crash and burn - Fundamentals are appalling HOWEVER!!!! Right now seeing a good example of late shorters getting squeezed TF out >...
BINANCE:CRVUSDTPERP - Bouncing off resistance > 4X so far... As a rule, it's okay to be bullish at resistance, its NOT okay to be bullish at the 3rd, 4th, 5th test of resistance, This is compounded by the fact that OI is grinding up, whilst price static, decaying. I expect a move up then rapid collapse....
Resistance becoming support (temporarily) - OI climbing again Now looking for higher reversion zone, can either DCA up else close and reopen. Looking to see weakening impulse across metrics and movement towards the 200D 12H EMA
Clearly consolidating at resistance - there is a want to go higher - seeing shorts being swallowed. If can push through and retest - turning resistance to support - should see a push to higher line -> Big IF however - if rejected aim low support... Largely will be related to MACRO environment over next week If CPI / US Jobs data come in on-expectations -...
BINANCE:SUSHIUSDTPERP - heavy push up and OI spiking to carry through - however hitting 200EMA on 4H / 8H charts > OI petering out. There is still some pressure to the upside, hence I suspect we can move to the higher blue zone If entering now set stops above, otherwise mid-entry both zones and review
Market structure indicative of a break-down forming, Possible that will continue to push for one further leg but given collapsing OI amongst various other key markers, good position for a short...
BINANCE:ATOMUSDTPERP OI grinding up but overweight flipped bearish around 27th - Expecting to see a failed push up then down towards blue zone - looking for a multi-entry long through this zone with failure below 7th low. Stands to be around 3+ R:R trade at middle aligned entry. Could be a nice scalp
Answer: When this has spiked at least once into this box....
BINANCE:ALGOUSDTPERP - Has bounced at support - moving up towards heavy resistance (blue zone) which given rapidly declining OI and Binance crowd aping into linear "line-break" from recent high - Not a continuation traded - aim for reversion SL would be at prior high or narrative switch. Otherwise. Goblin time.
**Long Potential - 3.8+ R:R** BINANCE:PYRBUSD Has moved into reversal zone - looking for triple bottom, but supported by long standing fair value gap to the upside. Looking to see a move up with TP#1 & #2 on chart. SL set below Good Scalping
KUCOIN:COTIUSDT - Broken through longstanding resistance (1st red circle) and retested same level as support... Aim here is to open continuance long in same area (second red circle) and run through - switch to chasing stop at recent high... Tight stops allow this to be a good R:R trade. Loses the close block EMAs (I 12,24, 32) and next support around 0.0957 for...
Team speaking at CosmoVerse conference in Medellin today - Expecting large moves. Narrative building for this across multiple accounts. Have just seen reclaim after bouncing off the upper band resistance - has yet to break weekly. To my mind this is a good R:R play to follow narrative. If good new - should see break of upper resistance, else comes up short and...
ENJIN coin moving in narrowing channel between pressure zone. Looking for bounce around lower blue level Short covering plus long term support. If bounce then looking for confirmatory retest then regain to prior resistance. Keep and eye.
CHZ moving into interesting position. Long term resistance reached. Looking for either a clean break and reformation of support -> continuation long Else rejection. Goblin town
BINANCE:BADGERBUSD moving into potential long, Looking to find reversal around PRZ #1 with a retest for entry - TP#1 & #2 on chart Losing that support - SL to activate and re-entry in PRZ #2 (*Alternate play - Multi-entry on way down*)