One on my radar for a while which I mentioned along with MATIC and ETC I would be playing with if BTC behaved. I like what I see here.
AAVE has been making a steady move up back to this previous resistance and there's only so many times a door can be kicked before it falls down.
However, with any run up (Referring to BTC) cool-offs are to be expected, so playing with patience will yield dividends if you time your entry.
We're sitting on previous resistance and we've got 2 plays. Going old school Ichi with this one as we're knocking on cloud resistance.
1/ A break inside the cloud and through this resistance would likely be quick, where if an entry is missed you could wait for a retest of the bottom of the cloud and resistance turned support
- Why? Because when the late buyers jump on board and push price, the early buyers are selling and taking profits, which can signal a short term cool off before we decide if we hold above former resistance and continue our push up. That's where you want to time your entry when things stabilize.
2/ We re-test the trend line and prepare for another push. This is a great scenario if we hold the trend line as it offers a far better entry and the chance to ride the move back up to resistance and through.
I do believe we'll get some good entries on ALTS this week and some nice plays in August, but as always... PATIENCE PAYS
AAVE has been making a steady move up back to this previous resistance and there's only so many times a door can be kicked before it falls down.
However, with any run up (Referring to BTC) cool-offs are to be expected, so playing with patience will yield dividends if you time your entry.
We're sitting on previous resistance and we've got 2 plays. Going old school Ichi with this one as we're knocking on cloud resistance.
1/ A break inside the cloud and through this resistance would likely be quick, where if an entry is missed you could wait for a retest of the bottom of the cloud and resistance turned support
- Why? Because when the late buyers jump on board and push price, the early buyers are selling and taking profits, which can signal a short term cool off before we decide if we hold above former resistance and continue our push up. That's where you want to time your entry when things stabilize.
2/ We re-test the trend line and prepare for another push. This is a great scenario if we hold the trend line as it offers a far better entry and the chance to ride the move back up to resistance and through.
I do believe we'll get some good entries on ALTS this week and some nice plays in August, but as always... PATIENCE PAYS