BTC is currently having a correction after going up from 29k to 42.5k. Looking at hourly timeframe, we can see falling wedge is forming but ofc it can fail and form parallel channel or something else. Falling wedge has a target of 41k and this is my prediction from my experiences, I think it will also form rounding bottom which is shown in the chart. The bottom...
ETH got hot due to its eip 1559 news, so sell the news :) It can't stay above 0.786 fib level. It has bearish RSI divergence in 4h timeframe. Also, ETH/BTC is at its resistance level; Another thing to consider is the drop happened in BTC dominance, and its RSI level is really low so BTC needs some recovery of its dominance; Invalidation is above...
These kind of new cryptocurrencies tend to go higher as in price, sooner or later. It is still in its early stages but can be taken in consideration. BTC is currently in downtrend with evening star occurred in 3D timeframe. More drop of BTC could take SLP's price to 0.236 fib level which is 0.15, also on the daily there is some sort of bear flag forming atm...
This can be a huge opportunity. Entry at 0.26 (it might go 0.19 to test previous breakout, that would be a great buy imo), Stop loss below 0.25, First target is 0.57, Second target is 0.88, Max target is unknown :) I will leave some in case it flies like AXS. Elliotticians might help me with this one. I would like to hear your opinions, thanks.