$ETH is getting an ETF, so I will be long ETH beta, other coins that don’t get an ETF
I've said leveraged ETH is the best beta
But I have been rotating between Eth beta longs to take profits.
Here’s how: Plot ETH beta against ETH as a pair chart.
Our focus is beyond Ethereum.
Over a long enough timeframe - most of these beta plays underperform the underlying asset
The key coins to do more:
$PEPE $LDO $MKR: Coins starting to take profits (at support/range low)
$BABY
The New Meme King
The price of Pepe Coin, an emerging Memecoin, has shown a significant value continuation trajectory over the past 30 days. The coin has soared at an explosive pace, rising nearly 700% in the past 30 days.
PEPE was born out of pure curiosity and has amassed a large following. The token’s recent rally has exceeded normal indicators and predicted bullish signals.
The growing popularity is largely due to its community, which seems to be pushing the value of the coin up a notch.
PEPE has been finding support at the lower boundary of the channel, suggesting strong buying interest at these levels.
$LDO
Flip to Remortgage (Powered by Paradigm)
LDO is showing signs of a possible bullish continuation from a strong support area. We have seen that LDO has been following a descending channel for a long time. Recently, after hitting the descending support, it has regained momentum at a critical support level of $1.835 within the channel trajectory. If the price succeeds in maintaining momentum at this support level, there is a high probability of a bullish move, similar to its previous behavior at this level.
If LDO manages to break above the supply zone at $2.457, it will most likely target the next resistance zone. However, if the price fails to maintain momentum at the critical support level, we anticipate a possible bullish rebound from the lower demand area around $1.675.
It is vital to remain vigilant and closely monitor LDO price action. A break below the demand zone, confirmed by a daily close, will challenge the bullish scenario and could lead to further declines.
If you want to be consistently profitable, you need to be extremely patient and always wait for only the best, highest probability trading opportunities.
$MKR
Double bottom bullish pattern formed. Currently approaching the neckline, more details on idea clues below. Stay tuned for updates.
A strong half-moon trendline from old support acts as current resistance for MKR.
After breaking through the neckline earlier, it entered the market after falling slightly to near the neckline.
The price recently bounced off the support area around $2.23 and is showing signs of an upside breakout
If the breakout is confirmed, $MKR could rise to the resistance at $2.73, $3.24, and possibly $4.02
$ENS: (at the high end of the range) A coin to be approached with caution
Ethereum Name Service - Vitalik's Super Important Shill
Earlier this month, ENS approached the $30 price mark, a high for 2024.
It has been consolidating below this level of about $30 for the past 2.5 years. I suspect that once it breaks out of this area, it will quickly move higher.
$ARB: The rebound play
Top Layer 2 Projects
The ARB cryptocurrency is in an uptrend structure and has currently captured liquidity at the lows of the structure.
ARB may stay around $0.8 for a while
Stop Loss: 0.725
