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1.$ALGO
If each successive low point is getting higher, and the high points are getting lower,
we can expect to form a converging triangle before breaking out in a direction.
2.$SOL
Currently forming a flag pattern similar to BTC’s six-month consolidation; each successive dip has closed above the channel.
Watch if it can reclaim 216; if it does, I will change my view to bullish.
3.$XRP
A strong coin is one that can quickly rebound after a dip; last night I placed a support order at 1.96.
The short position has yielded decent returns; it is currently also forming a bull flag.
If it can close above 2.24 (above the midline), I will also consider the outlook to be bullish.
4.$DOGE
Like XRP, I also placed a support order at 0.366.
After taking profits in the morning, I re-entered at 0.377.
The stop loss is set at the support level; I will only feel the likelihood of a reversal is high if it closes above 0.38.
Honestly, I feel the market washout is about done; too many people are chasing longs before the announcement of interest rate cuts at the end of the year.
The operators are forcefully washing out the market to lighten the load.
You can observe that before the close of the U.S. stock market, ETFs are buying in,
but after the close, they drop.
Isn't this just the operators clearing out high leverage positions?
PS: If you saw my real-time entry post yesterday and made money, remember to follow and like!
If each successive low point is getting higher, and the high points are getting lower,
we can expect to form a converging triangle before breaking out in a direction.
2.$SOL
Currently forming a flag pattern similar to BTC’s six-month consolidation; each successive dip has closed above the channel.
Watch if it can reclaim 216; if it does, I will change my view to bullish.
3.$XRP
A strong coin is one that can quickly rebound after a dip; last night I placed a support order at 1.96.
The short position has yielded decent returns; it is currently also forming a bull flag.
If it can close above 2.24 (above the midline), I will also consider the outlook to be bullish.
4.$DOGE
Like XRP, I also placed a support order at 0.366.
After taking profits in the morning, I re-entered at 0.377.
The stop loss is set at the support level; I will only feel the likelihood of a reversal is high if it closes above 0.38.
Honestly, I feel the market washout is about done; too many people are chasing longs before the announcement of interest rate cuts at the end of the year.
The operators are forcefully washing out the market to lighten the load.
You can observe that before the close of the U.S. stock market, ETFs are buying in,
but after the close, they drop.
Isn't this just the operators clearing out high leverage positions?
PS: If you saw my real-time entry post yesterday and made money, remember to follow and like!
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
XRP
2.2362
+3.72%
SOL
141
+0.54%
ALGO
0.2464
+3.83%
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