ADA has managed to keep a really strong foothold in the .85-.93 range after it's last rally (super good indicator, no pump and dump going on here). Looks like we're in a mini ascending triangle on the 3-hour timeframe. If we break out we could see another retest of the 1.00 psychological resistance level.
XTZUSD is forming a pretty clear Head and Shoulders pattern on the weekly timeframe. As much as I'm hoping it does not confirm this pattern (we still have 6 days left in the candle), I'm not super confident it will break out. The one fundamental that I think could push it out of the right shoulder is their planned bridge to DeFi, and the bringing of around 20...
XLM broke down from the previous ascending triangle, largely due to the profit-taking of BTC. There's a chance we regain that washout over the next couple of days, but here's an updated trendline. One to watch...
ADAUSD has been accumulating for a couple weeks, ranging in the .28-.34 range. We have some good momentum right now, and if we close above the .38 then we could see another pump. The fundamentals behind ADA also support a future movement in the upward range, as they have several release planned for this year.
One to watch. Place your stop-loss just below .34 (in...
LRC had a pretty healthy retrace from its first pump (much like XLM and some other alts that have a similar pattern). Once this breaks out again and assuming nothing crazy happens with BTC I would suspect another run a price discovery.
There's been a lot of pressure building up with XTZ. Hold on this one to see what it does over the weekend. It could just as easily get rejected at the resistance level, but after 3 aggressive runs, I think it's only a matter of time before bulls take over.
LRC is showing some really bullish signs. There is a risk here with the RSI being right at overbought, but LRC has had a major trend going and I'm willing to bet it will ignore it like last time.
- Entry: .40
- Stop Loss: .305
- Target: ~.75
.34 is not ADA's ATH, though it seems like this given its long winter. But personally I think this bullish triangle is backed some really great fundamentals, not to mention there's anticipation of Smart Contracts being incorporated sometime in (March?). Interesting what this will do. I'm a HODLer, so mostly just watching :)