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Most major Altcoins (ADA - LINK - VET) seems to find their own path since last week correction. Personally, I think that BTC might go sideways for a few weeks while Alts rally to new ATH. Before confirming a bear market, I will need to see a downtrend with lower lows & lower highs on the weekly chart. Let's be patient!
Be careful, things are looking good in general, but Bitcoin is still struggling to reach & close above the 20MA daily. I believe that if we don't close above on the daily, we might see another dip that will test some lower levels. Big time fake out???
Things aren't looking good obviously, but for some reason when I look at my charts it feels like there's still hope to continue to the upside. ADA & VET are confirming support levels from 2-3 months ago. If they do dip to lower levels, it will create lower lows below the 21EMA which would be bearish.
Clearly Alts are just following BTC at this point... however we still need to know our buy & sell zone to continue accumulation with such good prices. The good thing is that it's a bit easier to trade now then when it's on exploring new ATH. At the moment I'm trading more often with smaller trades, in order to take advantage of the market.
Holochain is finally about to explode after nearly two months of boredom. It created a double bottom pattern on the daily chart. Expecting it to pick up and rally sometime early next week hopefully. Once it breaks its previous resistance (all time high around 0.03$), we should expect it to continue up to 0.04$ before another correction.
Things are looking good in my opinion for these 3 altcoins. At the moment most coins are recovering from that flash crash. However, I believe that once they retest the previous resistance that didn 't hold as support, they'll be on there way for another rally. All 3 coins didn't get too affected by that recent flash crash and I believe it was healthy for them to...
LINK is in a really good shape, about to break key resistance at 42$. Once it confirm support, we should expect a massive run up to 52$ followed with a pull back, and to quickly pump again to 66$. I would expect a correction then.
ADA is setting up for another rally to 2.10$. Once it breaks the resistance at 1.50$, looking for a pump all the way to 1.78$ with potential side ways action retracing around 1.62$ and set it's new support level, to finally rally up to 2.10$
VET needs to break out of the 0.21$ level and get back to the previous resistance at 0.26$. Once it confirms support on the 0.21$ level, we should expect a rally up to 0.35$ level and set the 0.26$ level as support. Important to know that since we're entering a potential super alt-season cycle... this can happen quickly and not like previous months.
Bitcoin has started a new trend for a week now & yesterday's pull back seemed to have confirmed it. However still expecting another test to that new support. If it doesn't hold at 63K, expect another potential pull back at the 60k price range.
Everything played out perfectly & exactly as expected. On it's way to 0.13$ as predicted. It also seemed to have found a new support level at 0.11$. So expect a possible pull back to 0.11$ once we hit or break the target price.
ADA as confirm strong support at 1.20$, now going sideways before the break to the upside. A lot of work on the ecosystem.... the fundamentals are looking promising & exciting. Don't expect this price action to continue for too long, volatility is imminent.