Tbh I anticipated a bit extra hesitation from the brand new Covid variant however maybe the announcement was simply FUD.
I’d prefer to breakdown yesterday’s submit to indicate how one might have interpreted my misinterpretation accurately:
1. A double-bottom sample was illustrated with a 4350 breakout zone. Noting this as a sign is step one.
2. The present H4 candle fashioned a shut with an extended, lower-shadow which signified a powerful reversal development.
3. As soon as the following candle was established and hit 4200-4250 zone, there was a excessive probability of constant in the direction of breakout.
4. The weekly candle closed within the inexperienced (open ~4250) which additionally signifies a sign.
Present expectation is a push to common or resistance at 4550. Helps at 4350 and 4200.
**** Altcoins ****
– $POLK crammed at .83 which was my finest takeaway from the day. Presently sits round .94 which I nonetheless imagine is an efficient entry level for short-term features.
– Purchased $AURY at 17.85 and $ALGO at 1.72 based mostly on $ETHs motion yesterday. Was initially ready for lowers buys.
– $DOGE hit .22 however by no means purchased in at .2 so I nonetheless common .25. Ready this one out a bit longer to see if we make a push to .235.
– As we speak’s buys are $MOVR (present) and $RMRK (34.50). $DOT underneath 40 can also be an excellent purchase imo. Maintaining a tally of $CRV, $SOL and $XTZ.
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