UnknownUnicorn20630062
$EGLD bounce off bottom of channel with a clear step path forward. Expectation based on broader crypto market behavior for overall trend. EGLD will move counter to the rest of the market in alignment with the ecosystem's fundamentals and accomplishments on the roadmap.
Support keeping $BTC >$47k necessary to invalidate massive bearish M forming. Consecutive weekly retracements are gaining momentum, candle to bottom of channel = Approx $15k to $16k BTC
Descending wedge with support established at $19.50. $LINK culmination point within next 5 days... expected breakout to upside as the current price is at the bottom of its long-term channel.
$53k level critical for BTC to regain support Firm rejection at $52k Bearish structure remains in tact... next stop $44.7k
Post SEC v. Ripple: Rapid move from bottom of channel to top due to full year of price suppression Resolved Dates& PT's: - By end of year: $6.32 (670% from $0.82) - By April 1, 2022: $6.50 (690% from $0.82) $6.50 XRP PT = mCap of $307 Billion with current circulating supply, placing Ripple's XRP token firmly in spot # 3 on CMC.
Following the correction and textbook double top/M pattern... BTC must break above $53k and turn it into support. Otherwise, continued bearish trend with a potential head and shoulders pattern. Watching $53,000 very closely.
Bitcoin influence continues to decline as the market matures. Expected behavior. Alts are detaching.
Breakdown of bullish structure - Top of channel - Textbook double top followed by loss of support - Breakdown on daily and weekly - Similar spring DT and into bearish summer - Increasing likelihood for test of $45k support and subsequent further breakdown
Channel and ascending wedge indicate bearish reversal imminent. Long-term extreme bullish sentiment with emerging technology... does not mitigate market behavior on shorter time frames. Major concern: Ethereum 2.0 unlocking will result in profit taking, significant selling pressure. - Peak around 12/20 - Lower high late January - Major retracement mid February...
LINK has broken through resistance, beginning upward movement. Resistance to flip into support in coming weeks: 1. $29-$30 2. $35 3. $40 to $42.5 4. $53 (prev ATH) PT: $6o to $61.50
SWAG = Scientific Wild A$$ed Guess - Continued bearish trend over next two weeks... retrace to the bottom of the channel with a long wick ($0.75 to $0.82 range) - Upward momentum to mid-channel approx $2 to $2.30 followed by another quick wick down before hitting target mid-January of $3.35 - Double top around $3 to $3.10 before major retracement around...
ETH to $5k by 12/20 - Bounce from retracement in month 1 of the new year - Double top in late January following expectations with Bitcoin Valentine's Day "gift" will be retracement: - Optimal 30% retrace = mid-channel support $3.3k to $3.6k - Likely 60% retrace = bottom of the channel w/ support at $1.7k to $2k Assumptions: - Ceteris paribus - ETH to Proof of...
This week in #BTC - Subdued expectation with weekly close at $58.5k - Week #50 will result in a reversal with trend indicating a likely closing at $63k Assumption: Ceteris paribus (all things being equal, i.e. no major announcements or events)
Bunch of lines... whatever the real top is, there will be a dead cat bounce followed by a retracement of 85% from the peak. At least that's been the trend with these cycles.
Polkadot has established a clear channel and is currently testing support. Expect reversal with DOT to begin bullish action and enter price discovery as the auctions gain momentum and the Polkadot ecosystem begins to expand. Reference is the Polkadot test network, Kusama ($KSM) to see impact of auctions on price and mCap. Fundamental: Parachain Auction...
VSBGF retracement before continuing price discovery, next target $1.77 First looking for support at these levels: $1.28 $1.21 $1.14 $0.99
IMX is making a splash, NFT's & Gaming... very early in this project with tons of potential.
Test support potentially as low as $56k. Well within recent chart behavior, as recently as 3rd week of September. Leveraged longs should make sure to account for near0term volatility before the next leg to mid-$80k