The Avalanche ecosystem is growing rapidly since they announced the 180m DeFi incentives program in August.
The volume following that announcement can be seen on this chart and was nothing short of incredible.
After consolidating down into the "Pump Chaser Zone", forming a bull flag
Price has broken out from the upper trendline and closed a bullish daily candle...
Synthetics (SNX) has shown the most strength off the recent lows out of almost any other DeFi charts we can find
- Big volume coming in after a tag of weekly support
- Confirmed bullish market structure on the daily
- Pull back into the local reload zone, completing the Wyckoff Check of the breakout point
Whatever Bitcoin decides to do here... This is a setup...
TVK is an NFT play that has shown incredible volume off the recent lows and is now consolidating after a strong first leg.
The "Bot" long setup fired on TVK overnight. Harmonic AB=CD continuation trade.
The entry on this setup is technically 614 Sats. Any dips below that are above the 499 invalidation level are fair game.
Will look to lower trendline pennant...
OXY is a Solana based project that launched recently.
Price has just confirmed bullish market structure on the 4hr on bullish MACD Divergence in the reload Zone.
Still below trendline resistance, this one one we'll be looking at closely on any dips that follow with invalidation at lows
ALGO has been showing off the power of the Chaos PRZ (4.669 and 8.77 fibs) as a targeting tool since early 2020.
Having successfully navigated the reload zone in March, this is one we've got a position in for what looks like could be a very strong 2nd quarter for altcoins.
The timing of arrival at the. 8.77, as drawn on the chart is arbitrary. The white circle +...
Tellor (TRB) just reclaimed a key level and is showing strong interest from buyers on the volume indicator.
Keeping this one simple. Just one level for entry and one for TP.
Chaos PRZ's look like they could get a tag sometime in Q2
Bella Protocol (BEL) has been ranging since early November. With last night's close, it looks as though this one has finally broken free of its accumulation range and is ready to run.
Dips are the best place to add long exposure on ANY asset, this one is no different :)
With BTC dominance breaking through its local range low, it appears as though we're in for...
SOL confirmed fresh bullish market structure and triggered this long setup called the "BoT". An AB=CD harmonic continuation trade.
Fill area is technically at $15.57 or below.
If price reaches the .5 of the fib above = Moving SL to break even
If price reaches the .66 = Move SL to trailing
Primary TP is up at $28.43
SL down at $11.27
This setup hits around...
Komodo (KMD) just broke and closed above a key resistance level that price has been testing since mid-February.
The buy volume at the lows has been very strong, indicating interest from buyers here.
Major resistance lies above in the mid 500's with a Chaos PRZ + Short Reload zone .702 sweet spot lining between 640-660 sats.
With BTC breaking down from range...
VET broke out last week with some nice volume coming in on the buy side.
Price is retesting the breakout level today for the second time, confluent with the .382 fib that markets the top of the Pump Chaser Zone (PCZ).
A tight setup presents itself if a trader choses to place a stop loss just below the PCZ at 89 sats. Alternatively, one could loosen their stop...
Dragonchain was one of the top performing ICO's in late 2017 and has been building through the bear market.
The BTC pair on Kucoin broke out off the bottom on high volume and just flipped the first key support / resistance level on the Daily.
Hunting for a free position to hold through the cycle means selling half a position on a double in price.
With an entry...
ONT just broke out of its accumulation range and could provide bulls with an opportunity to chase from a position of strength in the coming days.
S/R confluence at the Pump Chaser Zone is a high probability area for long entries given the current market state.
Big volume on the breakout today to add strength to the setup.
VIDT confirmed a 4hr trend reversal/breakout with a nice little breakout on volume as well.
4:1 RR on a long up to Chaos PRZ (4.669), confluent with the .618 retrace.
Trading the range on this one into Feb.
Omisego (OMG) has been trending down since announcing their USDT integration back in August 2020.
Price has returned to the lows that marked the breakout point of the previous bullish cycle.
Confirmed divergence on MACD and RSI on the daily.
Buy volume is picking up at these levels, indicating that buyers have once again taken interest in this token and are...
The Solana blockchain is extremely fast, cheap and is backed by Alameda Research. There are currently 102 projects building on their blockchain.
Today there was a (well-known), large distribution of tokens that effectively 5x'd the circulating supply. Many of these however, will be locked or otherwise held by the team and against what many expected, this event...
We've been waiting patiently for REN to finish consolidating after its impressive rally last year.
The breakout on volume off of a .618 tag on bullish divergence looks very promising.
OBV is trending up, nearing highs.
If we get a close above $.38 on the daily, that's fresh bullish market structure and we'd expect this leg to take price up into the fib...
With todays breakout on Bitcoin we witnessed the 3rd largest single day candle in USD terms. The first and second largest occurred back to back in late 2017 at the highs.
Kind of crazy to see that we're starting off this new cycle with candles the size of the previous cycle peak.
The log scale fib extension of the previous bull cycle paints us a 1.618 target...