We remain very bullish on this project. So much growth left before the $BTC cycle ends.
Fibs to watch:
Short-term - $126.50/$135/$155.28
Long-term - $173.07/$187/$218
$SNAP
Missed revenue expectation but still growth QTR over QTR. Price is now consolidating at potential supply zone.
Support: $48/$50/$52
Resistance: $55/$57/$60
- Want to see price above 8EMA
- Holding support at $52, watch for volume/options flow
PT: $60 (Stop under $48)
Cycles Theory Update:
- 35 day cycle low (OCT 28th) generally anything 15-25% pullback.
- preferred view is that BTC pushes upwards to day 45
- $54k to $59K is building a new price zone
NFA: none of this has to play out exactly.
Fibs to watch:
Short-term - $75/$102/$130
Long-term - $84/$135/$187
Accumulation Volume is still coming in and is the key driver for anything to move in a market.
Bridge volume is also seeing huge volume 2:1 over the 2weeks.
All this is reminding us of BNB/SOL before they took off.
#Bitcoin still seems to be correlated with the broader markets. Down over 5% this morning.
Support: $44,000/ $42,500 (Fib)/ $40,000
No volume shelf support until $40,000.
This chart shows us some fib retracement targets:
$84/$135/$186/$218
When a Stock/Crypto runs we want to aware of its volume. Seeing a lot of accumulation volume of the last serval weeks for AVAX.
GL we'll post another update soon!
