On the above 2-day chart price action has corrected over 80% since late 2021. A number of reasons now exist to be bullish, including:
1) The ‘incredible buy’ signal prints.
2) Regular bullish divergence between price action and RSI.
3) Hidden bullish divergence between price action higher low and Stochastic RSI lower low. This is excellent to see follow point (1). Not only that but the higher low printed on the golden ratio. Safe as houses now.
4) The reversal candles indiate sellers are exhausted. For those of you that follow me, you’ll know what I mean by this.
5) On the 4-day ENS / BTC pair (below) the buy signal + bullish divergence is visible. Fantastic.
The target is derived the falling wedge extension.
Is it possible price action falls further? Sure.
Is it probable? No.
Good luck!
Ww
4-day BTC pair
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50% in 3-days.
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Price action breaks through resistance. Next resistance $41
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Remember, it's is on the 'what if' list.
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Another 12hr breakout. A back test should be expected around $11, a conditional 'great sell' can be seen to be printing, but it could remain that way for days and weeks. Who knows, need to wait until it prints on the chart.
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One of the very few alt-tokens to re-claim the 200-day SMA. Even Ethereum itself is a million miles away.
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Nice bull flag breakout, next leg should take price action to $30
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Breaking out of resistance
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Come back in a few month to this 'what if' token, you'll be glad you held.
@without_worries, when you have a chance can you provide an update on ENS?
NFVeej
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ENS is a revenue generating crypto, they have some recent moves with subdomains as well, a huge innovation with massive potential. Thanks for the great ENS post.
without_worries
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@NFVeej, Fascinating. Do those domains replace Eth addresses with which you can use to send money?
NFVeej
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@without_worries, Exactly. Currently you can map any long cryptic eth address to your own.eth domain and then send crypto via xxxxyyy.ens or what ever you choose to buy as your ENS domain name. Subdomains goes a whole lot deeper into many more use cases as well. When you purchase your ENS its a NFT linked to your eth address to prove ownership
Shahrokhtp55
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Excellent , thanks for sharing . please up date or new comment
without_worries
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@Shahrokhtp55, Regular updates are made on the Patreon site. There's nothing to do on this one until the target is met.