Crypto assets have had a decent relief rally over night. Could see the gas run out soon, the futures market plays are whats holding it up. The more they short, with high leverage, we will hold up and push even more. But when they are done trying, this is the way.
EGLD is coming out of a falling wedge on the 1H to major and minor support levels. I could see some upside here.
Could see BALUSDT consolidating a bit and hitting a nice bounce at some point.
DYDX had some final pushes today, resistance is already there and the downside will be big gains.
BLUR has some consolidation incoming, not a huge drop though.
Dash chart looks oversold and looks like it could get a breakout to the upside at some point in the next day or two.
Random new shitcoin i noticed got a huge burst of volume. It will probably die hard.
Just noting some ranges here on the 2W to see how it plays out later. Not sure on the forecast. I guess we will findout.
Looks like the shitcoin will get some relief as long as bitcoin stays above 26.8k. If 26.8k breaks, its over for alts.
Social sentiment is soooo bullish. Its almost time. This is a classic setup, it would have already dropped but someone is in a fairly large short so they need to be eaten first before.
Bitcoin has moved up pretty hard the last month and exchanges did there whole "release new coins" and get people excited about fecescoins. Time for this one to make bagholders.
Todays update on BTC potential retrace. FOMC Meeting this afternoon and PPI tomorrow.
There will be a lot of sideways but generally I like this potential move to the downside to catch support at a primary trendline. Likely some bounce there and we see but the trend will be downtrend then.
There is a lot of fomo right now, seems perfect for something like this dramatic drop off and end for the unregistered security ethereum.
An XRP idea for next few days, could top out at 0.54 before major retracing
Whats your thoughts? This chart is in a falling wedge on several high timeframes. Swing it long?
Natty gas has been pressed down for a while, the falling wedge on the 4 hour shows pretty good support at the 6.30 level. Could see some upside the next few weeks.
XLM looking great on the 4 hour falling wedge and a 5th wave incoming. Targets shown.