While BTC shows a potential high on the weekly timeframe - a number of altcoins are showing it on the daily timeframe. Our #P73Signals sent signals of a potential high on 9 assets today. We will publicly show and analyze only three of them - #SOL, #ADA, #1INCH. And, spoiler, for most of the assets this is just a breather. They have already turned and are preparing for the altseason.
1. For #SOL - excellent execution of the stable uptrend signal from October 20, the asset without leverage (!) gave a +70% increase over two months. All basic and additional targets of the signal have been worked out.
We expect the start of a correction over the weekend or after. A strong argument for it is that the potential high of the asset is also on the weekly timeframe. And, as with #BTC, it is also already the third candle. On the weekly timeframe, SOL is generally in a stable uptrend since October 16, 2023, from the price of $30. This is a crazy increase of 869% (!).
The asset is holding stronger than both #BTC and #ETH in this bullish market. Both transitioned to a stable downtrend on the weekly timeframe this summer. But #SOL did not.
It's a pity that our indicator wasn't around then. But we bought #SOL at $23.05 on March 20, 2023, and only sold half at +100% on November 9, 2023. The rest, the 'free coins' - we are holding. And we will continue to hold. We believe the asset will still show significant growth in the cycle and will update its ATH, of course. But locally it needs to 'cool off' through a correction or at least a range.
2. For #ADA - after the signal of a stable uptrend on the daily - actually +135% growth since September 24. But the price went below the Potential break level during the process.
Currently, it already has the second Strong signal of a potential high on the daily. And it also begs for at least a range, but overall - it is also a correction. On the weekly timeframe, the asset has transitioned to a stable uptrend for three weeks, having already worked out both targets. But there is still no signal of a potential high.
The #ADA looks strongest according to our indicator on the monthly timeframe. There, the signal of a potential low that was given on the monthly timeframe is working excellently.
But the most important thing is that if the November candle is closed bullish and at least at the level of $0.8 - it transitions to a stable uptrend on the monthly timeframe. How the previous such signal worked in the last cycle can be assessed on the chart.
3. Many hate #1INCH for its tokenomics with constant unlocks - also has a signal of a potential high on the daily, and we emphasize separately, already with the third signal of a potential high on the 2-day timeframe.
Even it has given +32% since the last signal of a stable uptrend on the daily timeframe on November 10.
On the weekly timeframe, the asset is still in a stable downtrend. And for investment, if we were to take it, it would only be after a buy signal on this timeframe.
What the asset is currently shaping globally, on the monthly timeframe - is most likely a double bottom with a start of execution at the level of $0.7 and a target around $1.18.
But before transitioning to an uptrend on the weekly timeframe - betting on this hypothesis is still dangerous.
Recommendation for subscribers of the indicator - study 2-day, 3-day, and weekly timeframes for altcoins. Currently, many of them are receiving signals that indicate the start of their growth before the upcoming altseason. The history of the execution of these signals in previous cycles is a convincing argument.
