I aped into this (No research, YOLO style) after seeing it mentioned on InvestAnswers YouTube channel. Usually I'm very conservative and do a lot of research, and pick great projects for long-term holding. But I like and respect James and just wanted to put a small % into it to have a little fun. It turned out to be a great lesson and humbling! Haha.
Now at the end of the year, I'm going through my bags and deciding which to keep and which to cut, so I look to the charts for clues. Nobody has charted this pair before, so I'll make my own and hope it contributes to others.
After an insane dump post-listing, we have a perfect wedge formed with several EXACT touches on both support and resistance. It's just amazing to see that, like a work of art. Where will it break out? Is it a continuation or reversal pattern?
We have to be open to both possibilities. However, as a legitimate defi protocol on Solana, and having already endured such bearish price action and sentiment, and having formed a nice support, it's reasonable to say that the downside is limited from here, while the upside is huge.
These prices at the openings of exchange listings look random, but tend to influence the market and provide resistance and support in the future, as that is the cash out for many market participants who don't want to exit at a loss and are just waiting to get their initial investment back.
Look for a breakout of this wedge with a possible retest. It will look like just more chop at first, and not many people are watching this, so be patient.
After the breakout, look for a completion of this beautiful arc with another wick past $15.
If you got any benefit, or were entertained by this post, please like, subscribe, and have lots of fun times.
May 2022 be another amazing year for you regardless of how the markets perform.
Now at the end of the year, I'm going through my bags and deciding which to keep and which to cut, so I look to the charts for clues. Nobody has charted this pair before, so I'll make my own and hope it contributes to others.
After an insane dump post-listing, we have a perfect wedge formed with several EXACT touches on both support and resistance. It's just amazing to see that, like a work of art. Where will it break out? Is it a continuation or reversal pattern?
We have to be open to both possibilities. However, as a legitimate defi protocol on Solana, and having already endured such bearish price action and sentiment, and having formed a nice support, it's reasonable to say that the downside is limited from here, while the upside is huge.
These prices at the openings of exchange listings look random, but tend to influence the market and provide resistance and support in the future, as that is the cash out for many market participants who don't want to exit at a loss and are just waiting to get their initial investment back.
Look for a breakout of this wedge with a possible retest. It will look like just more chop at first, and not many people are watching this, so be patient.
After the breakout, look for a completion of this beautiful arc with another wick past $15.
If you got any benefit, or were entertained by this post, please like, subscribe, and have lots of fun times.
May 2022 be another amazing year for you regardless of how the markets perform.