So far $UNI is threading at median. If bear traps are set, a quick trip to deep C may follow. However, this could be for short term only as mother $BTC is still searching for new high in this cycle. I'm buckled up for the longer ride.
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insotinsights
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are we indeed in correction wave ABC in shorterm for alt coins? let's see. So far is quite strong that it almost match the recent high and still above median (~16.7)of current range.This can be very risky for late comers should C happens, at the same time chance for new comers.caveat.$UNI
are we indeed in correction wave ABC in shorterm for alt coins? let's see. So far is quite strong that it almost match the recent high and still above median (~16.7)of current range.This can be very risky for late comers should C happens, at the same time chance for new comers.caveat.$UNI
so long as mother $BTC is bullish..
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insotinsights
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$UNI almost hit the 0.618 retracement. This could be the the A in correction wave. So far BTC have not retraced so deep yet, hence B-C points for altcoins might follow- or worst deeper A.
if overall sentiments still bullish, correction period can be an oppurtunity for late entries.
so $ADA's 6th candle did have massive activity. Good sign so far is it hit a higher low. The week still long, many possibilities. The recent dip of altcoins will most likely slight cool down the overenthusiasm.
Many long entries with x5 leverage long entries near recent peak may have been liquidated. Been there before🤣.
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insotinsights
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$ADA Very interesting price range coinciding 1.618 fib extent. 6th-7th weekly candle could be a turning point.
$UNI almost hit the 0.618 retracement. This could be the the A in correction wave. So far BTC have not retraced so deep yet, hence B-C points for altcoins might follow- or worst deeper A.
if overall sentiments still bullish, correction period can be an oppurtunity for late entries.
So $SUSHI is testing around 2.1 stopover. best scenario if it won't go much lower than this. But historicaly, correction can be harsh and can whipsaw rush entries.
$ETH still lagging behind in reaching new ATH. BTC, SOL, now BNB. Is ETH joining the party soon? if it does, it it will do another bigger ☕️ first before the party. 🙏🙏🙏 ADA please join too😁..
$ETH inside the potential handle, there seems to be an IHS pattern formation. Will this help propel and break the medium term resistance at 4k? let's see.