BTC formed a descending parallel channel which resulted in a retracement to the .382 fib level(ideal retracement for continuation) from ATH Oct 20th. Two higher lows(green arrows) and breakout of channel, Nov 2nd, support found above the top of channel indicate trend reversal. Daily candle close above $61,400 will have BTC above the 12MA. Recapture of the $64,300...
Polkadot fighting significant resistance within the $52-$54 dollar region which coincides with a fib level of $54 and the median line(blue line) of a macro parallel channel which has being previous resistance before in Polkadot's past.
Significant resistance in future within the $70 region from the 1.618 fib level and upward sloping trendline from the "Triple...
Audio printing a very large cup and handle pattern on the daily chart. Current resistance of $2.74 from a macro down sloping trendline from the ATH back in March. This trendline has proven to be resistance on many other occasions.
$2.74 is also the .382 retracement level from the ATH so a significant level to reclaim before a strong continuation to the upside....
Rounded bottoms pay the bills baby!!!
Efinity painting a perfect rounded bottom, potential teacup and handle pattern. Immediate resistance of $1.12. Resistance at the top of cup at $1.80. calculated breakout target of $4.50, 153% move from resistance level of $1.80 putting the price of EFI between it 2.618 and 3.618 fib levels..
RSI break of resistance confirmed also.
SNX forming a rounded bottom on the daily chart underneath resistance of $10.70. Measured move of 22.5% upon confirmation of breaking resistance sends it towards resistance of $13 which will also coincide with an attempted breakout from the macro downtrend line SNX has had since it's ATH in February. RSI has also broke resistance and above 50..
After 2 failed attempts and a fake out, DeFi Perp has broken through its macro downward sloping trendline, backtested for confirmation and currently finding support from its 12 day MA. 2 horizontal lines of resistance before DeFi Perp challenges the ATH.
AAVE approaching the Apex of a macro trend. Calculated upside of 296% upon confirmation of breakout leading to a $1200-$1400 AAVE. This also coincides with the 3.618 and 4.236 fib level of the Trend Based Fib extension.
Sushi approaching the apex of a macro trend. Calculated upside of 272% upon confirmation of breakout leading to a $50 Sushi. This also coincides with the 4.236 fib level of the Trend Based Fib Extension.
Teacup and Handle pattern on the daily chart. Initial breakout upside of 35% bringing Dot to resistance of its ATH against BTC. Long term upside of just over 100% bringing Dot to the top of the Parallel Channel.
Polkadot on track to claim as much as 5% market dominance if current ascending channel is honoured by next summer. If peak of bull run, with a total market cap of $10T coincides with this, that would put Polkadot at a valuation of $500B...
After flipping resistance of just under $39 into support, DOT is now finding support on an ascending trendline. Resistance at $53-$58 at the mid-point of an macro parallel channel(BLUE LINE) once ATH has being broken.