A friend has recently asked me to review some coins so here are my analysis starting off with and will publish screenshots of the other coins possible outcomes in the comments area.
As always, please manage risk accordingly and don't get ahead of yourself. Walk with caution and stay wary market conditions could potentially change at any given moment it's just a matter of a catalyst for this to blow up! Now, here are my UNBIASED directions so you are prepare to comfront different situations that could happen at each coin.
My gift to you dear reader. Happy New Years Eve!!! ❄️
Kina the Girly Trader ❄️
Comment
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AVAX Analysis:
We can clearly see the demand and resistance areas marked with yellow boxes. At this point right know you'll be in the MIDDLE of the range.
So, 3 things can happen: 1) Will test Demand Zone, possible area to go long. 2) Will test Resistance, possible area to short or if going with the trend wait for a solid breakout trade opportunity. (The trend is your friend!) 3) It will just go sideways, just right in the middle of these important zones. (Stay in cash)
Trade closed: target reached
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Idea Number 1 is what happened.
Now we can say it's making an inverse head and shoulder pattern.
HOT - Still is trading inside the range but we can clearly see an upwards move mid term 1) Price will test mean reversion zone. 2) Price could draw back into demand zone giving a buy opportunity signal.
KinaStar
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ETH - Breakout hype!! 1) Price has broken through a key resistance level. I believe it will go towards the flip zone so targets are shown in the picture!
KinaStar
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CHAINLINK - Current situation is a sideways consolidation. 1) Price tried to breakthrough the mean reversion zone but no luck so far. However, the more it gets tested in a very short amount of time, the more likely it is that this line can be broken. 2) It can retrace back into Demand Zone giving a chance for a buy opportunity again.
KinaStar
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ADA - Could retrace to middle area and give a buy signal to hop into the trend or it could break through resistance, confirmation would be at about 0.75
1) Price will test mean reversion zone.
2) Price could draw back into demand zone giving a buy opportunity signal.