Sand is in a weird situation.
Sand has been blowing up recently with all the metaverse hype.
Now that the hype is slowing down, SAND is way to high in my opinion.
I believe we will see a correction on Sand, right now its in a sym triangle which is bilateral, I have drawn out 2 possible scenarios for it.
VRA looks good, it looks like it can break out of this triangle formation with some good volume or good news.
Low caps usually rely more on news however not technical analysis, so be sure to watch for any upcoming projects etc on VRA.
Snapchat is looking really bullish.
It has currently formed a descending wedge and has 2 gaps to fill that are both in a very similar position and to the upside.
We are also well below our previous trading range so I believe we should be back testing the support of that range as a new resistance in no time.
Will be looking to add a long position on the break of...
Ethereum looks to be quite bullish for now in the macro stages.
We are currently in the looks of it in this inverted head and shoulders pattern which is bullish.
If we dip I will be picking up some more eth.
However we may not dip more as we are lagging behind btc and btc looks like it can rise some more!
Cryptos as a whole look bullish looking at their market cap chart.
We created this cup and handle and now will test the resistance which we should break.
Once we break I believe we will see the market go up into the 3T's.
Watch the resistance break.
BTC has come to terms with this resistance level. Once we break it we should see an ath run IMO.
I don't see a lot of people talking about this resistance on the daily, but it is a very strong line that we failed to break 2 times and are about to retest it for the 3rd.
Watch this closely, I still believe we should see a minor dip but then try to break the resistance.
Altcoin market cap on the chart, as you can see we double bottomed out to break through that falling resistance line.
We then found ourselves on previous resistance and failing to break it.
I believe now we should have our last minor dip before we continue our bull run into November.
I have drawn out a path of which I think fits the run the best (obviously it...
Algorand is currently in this Chuvashov downward fork. This is a bullish pattern and we should see a break of the top resistance soon.
I'm looking for an entry on break or a very (very) small entry here and to scale it on the break.
This could send ALGO back to the $2+ area.
DENT is in this lovely trend where it looks like it can break out on the daily chart.
I would wait for a confirmation of a break to enter, and then enter more position size if we have a pull back to that resistance and test it as new support.
I believe this should send DENT to its trend high.
Play with a tight stop loss and take profits on resistance...
Bitcoin is in this ascending triangle, however, I am more concerned about the resistance.
If we break this resistance we are going to the 50k area soon, however, there is a possibility of BTC double topping when it reaches the resistance.
The volume looks good, so I will wait for the break!
As you can see we have a very clear support level on BTC.
We have big wicks when we touch support indicating a strong buyer bias to sellers.
We could see a repeat of this, so I would wait for 40.7k for a long with a tight stop loss.