Time to start looking at fib extension zones for targets.. Consolidation below resistance is bullish and price discovery is usually a violent move as no resistance levels from previous price action Lots of eth eco coins look really good here... This ones no exception..
Looking exceptional here.. If we can hold above the old listing price ~3$ then we can start to look to the old ranges (way up ~20$) for new targets.. This thing is exceptionally functional does basically everything a premium dex can offer Itll have a monster cycle Is the largest volume perp dex on any network..
So close to price discovery now.. Consodidation below resistance is bullish... Hasn't rejected yet the longer we stay up here the more likely we break to the upside Room for this thing to double quite quickly even from here on the coinmarketcap rankings The highest tvl eth l2 Sitting at the low end of top 50 Surely belongs in the top 20 if not 10..
Theres a bearish harmonic structure here.. It would imply if it plays out that we retest the previous zone before continuing up or potentially flushing entirely That being said, the market is so bullish right now with fundamental events I wouldn't consider shorting this But it could show a good place to put some bids if we start to pullback..
Aths soon... Obv already there Arbs been pushing and this coins the largest perp dex on arb so
Another bullish gartley harmonic setup.. Looks pretty good Fits with macro aave structure which has been begging to breakout for a while..
Solana coiling here Appears to be some big bids defending 100 level This probably means we continue the uptrend for now.. 140 next?
Harmonic setup Stops entry and targets listed for 2 potential harmonic patterns Fits with orderbook structure so pretty good confluence for a bounce Also retesting the upper Bollinger band on the 1daily..
Sigh left the old range measure on the previous chart this is more clear ~40%- 70% to those 0.618 extensions
Another gem l1 Yet to enter price discovery But we can see a nice fib structure on the listing pump sell-off Aths on the way imo Initial targets shown are the fib range extensions
Fib extension targets listed for this price discovering gem l1 Bullish on all tfs
Solana rotation appears to be back in swing does this mean pumping bonk is back on the cards also? threatening a trendline chuvashov fork breakout here.. initial targets of these are usually the 0.5 and 0.618 if we can break through with some conviction.. could be a strong yearly close incoming also..
Starting to think this charts going to play a major role in the upcoming or current bullrun over the course of the journey main rotation seems to have been sol -> eth bnb eco and back few other strong new coins also but felt like sol was taking alot of the liquidity on its move to briefly overtake bnb in marketcap.. anyways the trigger here would be an obv...
That 1daily candle is the 1st interesting one in a while. Might bounce here if we hold the 0.382..
New range New fibs 0.382 appears to be holding here Long with stops below the lower chuvashov trendline and the 0.382 Decent confluence here..
Figure the previous trade might have been crowded so this is the stop run? Not sure dipped father than I thought it would tbh
Crazy to think about but something like this is on the way... The decentralised financial system is set to consume a massive chunk of traditional finance here as we can see.. The infrastructure built (l1s) is finally reliable enough to move synthetic assets en masse imo. this along with many other ecosystem components (defitools/ai/gamefi/privacy) will comprise a...