Another Ethereum Defi coin No bag holder overhead after these targets are cleared
Cleaned up - trend line is building strength. People beyond the developers are catching wind.
This one is poised to scorch higher as well. All part of the story ==========> >>>>>> ETH is a beast.
Lets see if that parabola holds a while longer.
Back when it was 10x lower.
Very interesting project. Released in the wild by Andre Cronje. No VC involvement. No Premine. No coins bought at discounts to dump on the market. Very fair distribution. Open governance. Coin holders get to decide what happens. Very attractive diluted cap of 120m. Continues to put out lots of upgrades almost daily. Provides a yield to investors. Not...
Rising wedge playing out. Bitcoin taking out critical support.
That would be really ugly. Nearly ZERO small business owners globally have more than 50 days of cash to keep the businesses afloat. The average american restaurant has 16 days of cash. Most will never re-open. We will have forced net sellers by the average joe to stay alive and eat.
Buy the dip Currently we are in a sell everything for fiat (us dollars specifically) mode. This includes Bitcoin which at this stage in time is a high risk asset. If / When BTC grows to the size of Gold it will then likely start to develop safe haven and store of value attributes. But for the time being BTC is a very high risk asset. Risk off.
Couldnt hold the uptrend and it is dropping from the compressed ribbons. Stuff of nightmares. Needs to snap back really hard - really soon.
Some truncated moves on ETH and LINK. Funky E/5 Waves and some truncated ABCs. Strong accumulation still occurring here. Possibility of the current 4 wave / C wave making one more push lower. It may be showing severe strength by have that Truncated C wave tho so dont fight it. Shorting here may indeed be like trying to pick up pennies in front of a steam roller.
Dont short the corn. Looks to be turning bullish for a Wave 5 Watch-out for a Truncated move - they have been appearing on some of the other coins.