arathustra

arathustra

Price action has been respecting the fibs from the 7/21 low through the recent high. Horizontal levels are pretty clean and price is sitting right on support. Although the market "feels" like it might roll over here, the chart looks clean and recently Thursdays have been good buying opportunities. This is a 4:1 RR if you set the target as previous ATH and SL...

arathustra

Picked up $ALEPH at .3113 on Serum. It has the highest yield on Raydium and only has 4m in liquidity vs 97m from STEP. It basically gave back the entire Raydium announcement pump and now is starting to get some buy volume on LTF's. Since there is no perp on FTX this can't get shorted into oblivion like $Step and it's possible that some money starts to rotate...

arathustra

Looks like a possible Cup and Handle formation, which if correct would indicate a target of around $8. Fib extensions suggest a possible target of $6.90. Since I don't know 1) really anything about what this token is and 2) I don't use C&H much and also since 3) the market has had a few dips during the last couple days I will keep a tight stop loss and only open...

arathustra

After a blowoff top at $4.96 this has dropped all the way back to a low of $1.43 and is now showing some signs of life. On the lower time frames it's printing good volume as it crosses the 200 SMA, also we see an EMA crossover playing out. On the higher time frames it could be forming a base around the .702 Reload Zone Fib (find the HXRO Labs Youtube on Reload...

arathustra

The $GSWAP / $SHROOM token combination had a bullish action that peaked on March 22nd. Since then it has cooled off and given back a lot of gains as some OG's and paper hands took profit. Price recently dipped down towards the .786 fib reload zone where it was been bid up and then sold off back into the same zone and rebought again. This .786 area is usually a...

arathustra

On a technical front, $RAY has been in this massive triangle since it came out in late Feb. A break to the upside should yield a move about half the size of the triangle. This would be a $4.5 move to around $13.5. A conservative play would be to buy the breakout, but the Solana ecosystem is so bullish right now that I took a position before confirmation (famous...

arathustra

It's been over three weeks since the all time high in $SUSHI and it finally looks poised for a move higher. There have been headwinds for Sushiswap coming from Uniswap V3, high gas fees, and increased competition from competing chains like Binance Smart Chain, Solana, and others. After the drop from the all time high over $23 price has been consolidating the...

arathustra

Often the 8.77 and 4.669 Fib numbers act as natural points for traders to take profits on big moves. With it's mass runup, I expect trader's to take profits. I opened a very small short at 13.30 and will look to close half at $10 support area and the other half at the $8.5 4.669 Fib areas. Invalidation somewhere just above the prior ATH. For more on these...