The current sentiment in the market is heading toward a beautifully frothy altszn that will hopefully be the catalyst for erecting my nipples for the first time since my wife left me. Today we have seen the beginnings of the frenzy with the ETH killers making strong moves upwards, Solana making a new ATH among them, whilst ETH calms tf down and...
During the most recent DeFi pump in February, data focused coins were some of the last to chad upward (ocean, grt, data) lagging behind all the DEX and ETH killers tokens. This time around it's seeming like history is rhyming, ETH competitors look great with SOL stealing the new DeFi hype train from BSC and DEX's are making great headlines. But...
Mornin boys, firing off a quick long after ETH looks like its slowing down its bleed.
Fundamentals - AVAX fits in the narrative of ETH killers and is (relatively) undervalued compared to its competitors currently.
FA/TA mix - ETH bouncing off the 3820 support means we should get a violent move upwards as it dictates the movement for the vast majority of ALTS...
Bounce off resistance and overbought on the stoch RSI could mean a small correction downward over the next few hours. Good place to take some profits out of a long to reload at a lower point, ideally at one of the Fib levels.
With all the recent Elon and general meme coin fuckery, its time to look for strong narratives for all the frothy profits to move into. Two great narratives this bull market have been "Eth killers" (lol) and DeFi protocols. Out of the Eth competitors (DOT, MATIC, BNB, AVAX etc) Solana seems to have one of the strongest budding DeFi...
Compared to the other Defi yield protocols, Curve has been undervalued for a while. Maybe its the god awful/beautiful ui they have but in a world where bsc copy and paste farms are valued between 5-20USD a old school player like CRV is going to catch up hard.
Fundamentals aside, from a TA perspective the chart looks tasty for a short term entry. We're hoping for...
After ETH making consistent ATH's and holding itself together, its time to look for a few tasty ALTs that might out-perform the market in the coming weeks. REEF is a dark horse contender after the price never truly recovered from the mid-March twitter drama FUD. From a fundamental standpoint, buying after a bad news period that did not include the product is...
After ETH has teased us all and wiggled back to ATH levels. It may be finally acceptable to allow the faint whispers of the forbidden words of the old gods past our dry cracked lips.
"altszn is here"
When picking the first breakout tokens, one must praise the blood god c'thulu and search for strong consolidation among the alt brethren.
NEO has had a...
Normally after a ETH pump it'll bring the alt/shitcoins down with it as it corrects before our alt brethren can sup at the nipples of the great green chad god and pump to infinity.
With this in mind we are attempting to dual enter AVAX on its 4h supports of 27.25 and 26.3 with 50% of our position size on each entry.
SL is at the lows of 24
TPs are at 30 and...
After the ETH breakout last night I am expecting consolidation toward the arrow before breaking in a upwards direction for a giga chad candle.
To try and catch this we are doing a double entry at 2269 and 2242 at half of our position size each.
TP will be at 2327 for 40% and 2362 for 40% leaving 20% in for a moonshot if we a blessed by omega chad
To start longing the bull market again ETH needs to break out of the red line downtrends. Best case for long would be a clean bounce off the first green line into a 4h close through the first red trendline.
If the first purple support breaks I'd expect a drop down to the second purple support line with a few wicks testing the bottom green line. A break out of...
Entry : 0.0355 - 0.0359 blue box
Sl : 0.0339
TP 1 : 0.03744 take out 40%
TP 2 : 0.039 take out 40%
TP 3: 0.0482 moonshot of 20% in case of full recovery
Recommended leverage - x5
REEF is a very low cap/value coin, due to this its pip range carries a much higher value then more established tokens. Due to this and in true shitcoin fashion, any gains or...
Double entry at 3.88 and 3.77 with tp targets at key resistance areas at 4.24 and 4.85
sl just above dump support at 3.5
R - 1.5
A low R scalp attempt on DODO as historically it has proven to be a extremely volatile token and looking for some quick gains to start off the week.
Recommended leverage - x5 to x10
Targets are determined through crossing old...