According to Glassnode, the OI on Eth has hit ATH with the two major variable in the market, CPI and The Merge.
On macro perspective, we are bullish and expecting the a post-CPI surprised pump but be aware of the massive volatility.
On the TA, we witnessed a quick rebound from 1700 level after breaking the support line and forming a wedge for another power move.
Near TVL hits all time high. Near's Aurora also continues to enable DeFi and investment opportunities and developers are actively buidling protocols on Near.
TA wise, it is now testing the resistance level at 13ish. The uptrend is quite structured with limited fluctuation as well. Our indicator OBV also shows NEAR has regained its uptrend.
From the fundamental perspective, Near's Aurora TVL soared and cleared all the resistance this year. For technicals, it is testing resistance level as shown in the graph. With the strong backers like 3ac as well as having one of the largest developer team, I think it will go higher in the future and it is still early.
Finished the cup with handle and breakout. You might wait for another retest to buy or with small position at current level. Cosmo ecosystem remain strong recently $ATOM $ROSE $LUNA are continue to outperform the market. IBC as a cross-chain ecosystem is bullish. Target, stop loss and add/sell point are shown on the chart. #DYOR and manage your risk.
First target as shown. Momentum is trying to squeeze out.
Atom is undervalued imo with Emeris is going to launch and rapid development of the cosmo networks from Osmoisis, Terra to Secret etc.
It is also a value token for long term investment with different airdrop.
SCRT is now consolidating for another bull run. It recently build a wedge with HL on 27 Oct, 31 Oct and 2 Nov. I expect it will hold ~8.8 level and shoot up to ~13.
For indicators, SAR flashes green light but OBV is still mild. You might look for confirmation if you are concerned about this.
Opensea X Secret Network
Nov 3: @Iconic_Secret...
Airdrop result will be annouced tmr. From trend perspective, dYdX has been under pressure after the previous rally with SAR OBV keep plunging. From candle pattern, it retested ~18.52 (9EMA and previous candle high) but do not hold. More downside is expected and appears to be a good short idea. You may imagine what would you do if you receive the airdrop and seeing...