Shotokhan

Shotokhan

As you can see the breakout had 3 days of rising volume and OBV also broke out so it should bne legit. On daily the upper band of the TMA bands is being tested, probably soon we'll see a retracement, I suppose the former resistance is now the support to test, however if the euphory continues we could see another peak of the price while RSI stays below the...

Shotokhan

This breakout on daily timeframe looks pretty clean although the volume isn't picking up much. Even on higher timeframe the compression of the price over the last weeks and the current breakout are visible: So far KAMINO has done well during the "bad times" of the cycle, I expect great things once the liquidity starts to flow into crypto and alts starts flying....

Shotokhan

I'm pretty happy of having KMNO in my bag, I use their platform and I stake the token there to get more KMNO after every season. So far the token has shown strenght compared to many others and even compared to SOL. Today I got my last allocation as Season 3 ended and I lowered of another 25% my average entry price. Considering the TVL is over 2.5 Billions I...

Shotokhan

Ehi guys, I didn't add more KMNO because I am expecting another airdrop from them but I think that if you wanna add a solid altcoins to your portfolio this is one of those and this is the moment. There isn't really much more to say. Good luck

Shotokhan

last 2 monthly candles closed pointing at revisiting last high and I that's about to happen as bitcoin dominance is ~2% from last wick's top. Break 64.4% and it can go from 65.5 to 69%. Meaning altcoins will probably bleed bad! Wait for bottom and buy crypto! Monthly chart confirms

Shotokhan

Unless this small support holds it'll be confirmed that price has broken down the triangle. If this is the case expect most #Altcoins to bleed a lot. If this index drops 1% alts should be expected to double that drop. Look at it to identify bottoms. Unfortunately Trump's economy poltics are messing up the market and the economies. However we should still be on...

Shotokhan

For those who remember I had posted a weekly chart many months ago with the following pattern: my idea was that the first stop would have been last ATH, level where price could have ranged for a while. Despite all the recent criticisms toward ETH I think we're still on track to that target. Yes, ETH is underperforming and there are plenty of better and cheaper...

Shotokhan

There are three possible patterns in formation right now, two of the which would be bullish and one bearish. I'm not 100% on which one I'd pick so I'll present here the three cases. right-angled broadening wedge (the bullish case): - check the following links www.forex-central.net and www.centralcharts.com In this case we should expect a dump to the 86K...

Shotokhan

ENS broke out of a falling wedge, successfully retested it and bounced off. It's the same DOT pattern I've posted yesterday and honestly a very widespread pattern these days. Differently from DOT, in this case ENS follows ETH and it seems ethereum is waking up so, being strictly connected it's likely they'll both go up. Vitalik months ago declared that ENS is...

Shotokhan

I've been noticing more than once that SOIL usually moves against the market or, at least, it does so for a couple of days. Then if market keeps going in a certain direction for many days it follows. In this case we can see cryptomarket dumping and shaping up bearish on weekly timeframe, in this case instead SOIL seems to be slowing the dumping and shaping up as...

Shotokhan

Open interest and RSI are in bearish DIV and price has been stuck here for a while. After so much pumping I think it's time for a serious retracement. I see two possible paths, let's see which one plays out. The D chart looks like exhausted: Good luck

Shotokhan Updated 

If you follow me "somewhere else" you saw all those other alts on which I've identified an ascending triangle. Such pattern forms when chart prepares for a break out after a period of dumping/ranging. I don't believe in memecoins, at least I think they're on the same level of betting which makes them a bad investment. However this one is the only I have faith...

Shotokhan

It's amazing when you see around so many ascending triangle, it means cryptomarket is awakening and altseason is beginning. Some could say the break out already happened but I think it didn't yet, I'd feel more confident when I'll see a candle closing over this zone. I think it's still a relatively safe zone to buy. Even if this retraces it won't be for long....

Shotokhan

ETH was in a bullish pennant who had already broken out weeks ago but really started to move toward their target after US elections. I don't believe much in pattern targets because in my experience they're not reached very often but considering that this time the target coincide with last ATH I think it's very likely to be reached. This will only be the first...

Shotokhan Updated 

Guys I know what you're thinking which is probably "yeeeeah, ETH ETFs are finally approved, ETH to the moon" but as I said back when BTC ETFs got approved, this won't be the case, at least not right away! I expect a "sell the news" event because this is just another news after all! As you can see here (circled drop), the days who followed BTC approval price...

Shotokhan

PYTH has not awakened yet despite the entire Solana ecosystem has been pumping following SOL itself. It's weird because we all expect it to be the new LINK. I wanna believe it will start late but will catch up. I drawed the trendline and the resistance zone to show you that price is currently into a sort of ascending triangle. I'll consider this alts awakened...

Shotokhan

Current largest prediction market (Polymarket) is powered by UMA and nobody talks about this. To me this is crazy because without hype price doesn't reflect the importance of this project. The support has been established, I think we only need a spotlight! Weekly: When/If people will realize how well UMA works this should gain traction and pump pretty well! I...

Shotokhan

Currently SOL is trying to break out from a big asymetrical triangle that could also be some sort of handle of a giant cup. The weekly close is still far from closing so we have to wait to be sure but in a red market this is a good sign. Weekly chart: If the break out happens the final target for this leg should be 300 USDT with resistances at 205 and 260.99. ...