Bitcoin is clearly struggling to break through some heavy resistances at 9k4, plus it lost a lot of steam from its rally from 6k5 so it's pretty unlikely that Bitcoin can break 9k4 right now.
short at: 9k4
stop loss: 9k7
Ethereum Classic, this scammy project is gonna have a short term retrace before continue its scammy rise. Newbies are gonna lose money buying into at the high and selling it at the low, whales make shit load of money and good traders have small pieces of the cake, just normal day in the market
i would be very tempting open a short now consider how the price has gone parabolic in the previous couple of days, but let's just be patient and wait a bit more until the price touches some key levels at 450$ & 600$
Litecoin broke some major supports and there's not much below now. It may have a weak rally to 52$-55$ following Bitcoin's bounce to 8200, that's where it faces a lot of selling pressure and falls like a dead bird to ...... 26$... 17$... then... 6$ then hopefully, 0.6$, which i still think is quite overpriced for this shitty shit-coin.
ETH just broke all the most critical supports and now struggle to get back up, it's just really really hard because we all know what it means when critical supports got broken.
Actually, the best case scenario for ETH is to form the double bottoms pattern around 80$ - 90$, and that is the most bullish case for ETH. I myself see a 20$ - 50$ ETH next year.
just ignore whatever whoever tells you about the potential of this project and it's gonna be 1000x in few years, it's all horse shit. Everything corrects and the sharper the rise, the sharper the correction.
All the indicators all agree on Chainlink's fate, that is to have a 80%-90% drop just like any other altcoins : ).
RSI looks really bad.
MACD even worst.
It's likely to have a small rally to ~ 2.6$ area and that's the last chance for you all to get out. I'm also looking forward to short it there!
The confluence zone is thick right at the double-bottom area. 0.027 - 0.03 is the perfect long setup for Cardano.
Coincidently the drop from current price 0.036 -> 0.03 is roughly ~20-30% which aligns well with the Bitcoin chart since Bitcoin next thick confluence zone is ~ 5600 which is also a ~20% drop.
So, with that said, Altcoins & Bitcoin are very likely to...
it's easy to see that ADA's downtrend is not likely to reverse anytime soon, the MACD's gap is massive and there's a lot of space down in RSI.
More important, ADA is about to test its longterm trend line (at ~0.062), and I'm sure many smart traders are waiting to sell short there ( that's a text-book short ).
With that said, it's super unlikely for ADA to moon...