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Kroumi
@_kroumi_
Researcher • Crypto • Web3
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🔥 I FOUND A PATTERN BETWEEN THE TWO CHARTS 🔥 $LINK and $COMP have the same price movement potential! Let me explain my vision in detail 👇 From my observations, price patterns work and are a good guide to determining future price direction. Let's take a look at the first chart: 1) Chainlink has accumulated in the same range for a year and a half! After that, a sharp move was made from the range to the upside. Before this big move, there was a liquidity grab at the bottom of the range followed by a return to the range and an upside pullback. At this point, the price has gone up 140%. The second chart: 2) Compound looks similar. The same accumulation zone and liquidity grab. Right now the price is trying to break through the resistance level. The way I see it, the price can replicate a ride like Link, especially considering the potential up to $200 and the resistance zone there as well. RR 1:4 - quite good in my worldview. #HotTrends #TechnicalAnalysis #Kroumi
🔥 I FOUND A PATTERN BETWEEN THE TWO CHARTS 🔥

$LINK and $COMP have the same price movement potential!

Let me explain my vision in detail 👇

From my observations, price patterns work and are a good guide to determining future price direction.

Let's take a look at the first chart:

1) Chainlink has accumulated in the same range for a year and a half! After that, a sharp move was made from the range to the upside.

Before this big move, there was a liquidity grab at the bottom of the range followed by a return to the range and an upside pullback. At this point, the price has gone up 140%.

The second chart:

2) Compound looks similar. The same accumulation zone and liquidity grab. Right now the price is trying to break through the resistance level.

The way I see it, the price can replicate a ride like Link, especially considering the potential up to $200 and the resistance zone there as well.

RR 1:4 - quite good in my worldview.

#HotTrends
#TechnicalAnalysis
#Kroumi
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$FIL - 1w - confirmation The price broke through the range with a confident green candlestick to the upside. Right now there is a retest of the level and this is where I would look for buying zones. In the last review, I had my eye on this coin and started to follow the price dynamics, my expectations were confirmed. The current risk/reward ratio is 1:5 - a good balance. I give you actual ideas on the charts, but you should remember to analyze on your own, weigh the pros and cons, and then make a final decision.
$FIL - 1w - confirmation

The price broke through the range with a confident green candlestick to the upside.

Right now there is a retest of the level and this is where I would look for buying zones.

In the last review, I had my eye on this coin and started to follow the price dynamics, my expectations were confirmed.

The current risk/reward ratio is 1:5 - a good balance.

I give you actual ideas on the charts, but you should remember to analyze on your own, weigh the pros and cons, and then make a final decision.
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$FIL
FIL/USDT - 1w - thoughts

Price behavior is similar to the situation as it was with $LINK

The price accumulates in the range for a long time and then goes up. I see a similar scenario here.

Potential zones of interest are at +150% and +400% of the current price.

My mission is to give you a global vision instead of blindly following signals.

I will wait for the level breakdown and confirmation (retest), after which I will look for buy points. I continue to monitor the coin.
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$BTC - 1D chart I assume a consolidation in the coming month. The situation's denouement may be closer to halving. Everyone expects Bitcoin to rise after this event but to me, it seems more likely to collect liquidity below the range before going up. I will inform you if my view of the situation changes. #Write2Earn‬
$BTC - 1D chart

I assume a consolidation in the coming month. The situation's denouement may be closer to halving.

Everyone expects Bitcoin to rise after this event but to me, it seems more likely to collect liquidity below the range before going up.

I will inform you if my view of the situation changes.
#Write2Earn‬
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$LTC LTC/USDT 1w - the first target done 👍 2 months ago we assumed possible global scenarios and now they are gradually being realized. One of the most important metrics is the risk you are willing to take on the deal. RR 1:4 - done RR 1:7 - in progress Now if you have closed a portion of the position, you can move your stop loss to the breakeven point. Globally my vision has not changed, we continue to monitor the situation. #Write2Earn‬
$LTC
LTC/USDT 1w - the first target done 👍

2 months ago we assumed possible global scenarios and now they are gradually being realized.

One of the most important metrics is the risk you are willing to take on the deal.

RR 1:4 - done
RR 1:7 - in progress

Now if you have closed a portion of the position, you can move your stop loss to the breakeven point.

Globally my vision has not changed, we continue to monitor the situation.
#Write2Earn‬
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$LTC
LTC/USDT 1w - A possible long-term scenario:

#TradeNTell

Let me share my observations. At this point, I can see that the spring is compressing. If we take into account our long-term investor approach and look at the chart from that perspective, we can say that we have found a good trading idea.

I'll explain:

In fact, we are at the lower boundary of the global support line now, each time the price lows have moved higher.

I see two ways things could go:

Purple rectangles indicate potential resistance lines, from which we should expect a price reaction.

In the first scenario, entering the trade now, we have a risk-to-reward ratio of 1:4. In this case, the stop loss is behind the past local minimum.

Entry: 65,6 - 67
Target: 112,82
Stop: 53,98

In the second scenario, I would consider an even longer-term position but from these same price ranges. Risk/Reward 1:7 but here the stop loss is below an even more recent low.

Entry: 65,6 - 67
Target: 249,02
Stop: 39,98

Now I have given you a trading idea that does not call for anything but to expand your ability to study charts and price behavior. Always remember that everyone makes their own financial decisions on their own.
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Bitcoin realized our first scenario that I noted last week 👇 Here's what I see at the moment: First of all, looking at the 4H chart, the price touched the 200 MA and bounced off it. The daily chart shows an engulfment pattern where the green candle overlaps the red candle with its large body. And also after filling the local imbalance zone, we see another confident green candle up. This indicates prevailing buyer strength and I would expect further upside continuation. Of course, we can fill another local imbalance level around 65600 with a subsequent exit to the upside. The price may walk around the ATH area, but I don't think we'll be able to move up much when it's broken, we'll probably stay somewhere in this range. I'll keep you updated. #Write2Earn‬ #HotTrends #BTC🔥🔥🔥🔥
Bitcoin realized our first scenario that I noted last week 👇

Here's what I see at the moment:

First of all, looking at the 4H chart, the price touched the 200 MA and bounced off it. The daily chart shows an engulfment pattern where the green candle overlaps the red candle with its large body.

And also after filling the local imbalance zone, we see another confident green candle up.

This indicates prevailing buyer strength and I would expect further upside continuation.

Of course, we can fill another local imbalance level around 65600 with a subsequent exit to the upside. The price may walk around the ATH area, but I don't think we'll be able to move up much when it's broken, we'll probably stay somewhere in this range.

I'll keep you updated.
#Write2Earn‬ #HotTrends #BTC🔥🔥🔥🔥
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Төмен (кемімелі)
Here are 3 key levels of Bitcoin's decline:

1) The first zone is 61,000 - this is where the big support line + 0.5 Fibonacci line is located.

2) The second zone is 59,000 - it can be reached in case of a breakthrough of the previous level.

3) The third zone is 57,000 - is the most dangerous because if it is broken, the market could fall even more.

So far it doesn't look too bad and I don't think we'll go below 60,000. In the extreme case, it would be good to touch the first line, as the moving average is located in that area (MA200), and then expect a reaction from it.
#HotTrends #BTC
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Төмен (кемімелі)
Here are 3 key levels of Bitcoin's decline: 1) The first zone is 61,000 - this is where the big support line + 0.5 Fibonacci line is located. 2) The second zone is 59,000 - it can be reached in case of a breakthrough of the previous level. 3) The third zone is 57,000 - is the most dangerous because if it is broken, the market could fall even more. So far it doesn't look too bad and I don't think we'll go below 60,000. In the extreme case, it would be good to touch the first line, as the moving average is located in that area (MA200), and then expect a reaction from it. #HotTrends #BTC
Here are 3 key levels of Bitcoin's decline:

1) The first zone is 61,000 - this is where the big support line + 0.5 Fibonacci line is located.

2) The second zone is 59,000 - it can be reached in case of a breakthrough of the previous level.

3) The third zone is 57,000 - is the most dangerous because if it is broken, the market could fall even more.

So far it doesn't look too bad and I don't think we'll go below 60,000. In the extreme case, it would be good to touch the first line, as the moving average is located in that area (MA200), and then expect a reaction from it.
#HotTrends #BTC
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$SOL breaks 200$ so what's next? I expect an approach closer to the ATH level, but let's consider from a distance, what's going to happen in the next few years? Looking at the global chart, I see that we are almost at the apex of the so-called triangle. Theoretically, after the ATH removal I would not rule out the possibility of a decline to the lower boundary of the triangle to the golden Fibonacci ratio. That's a range of around $70 as you can see. Further, if the price breaks the ATH again, it may rush to the 1.618 level, which is in the area of $2,200 per 1 SOL. Does that sound like something out of the realm of fantasy? Maybe, I agree with you. But what if this ecosystem continues to evolve and then we are in for another huge wave of retrodrops in the Solana ecosystem. I'm really curious as to where the price of this coin will peak in this bull run. Well, let's give up fantasies and just take part in it, but also remember about profit taking.
$SOL breaks 200$ so what's next?

I expect an approach closer to the ATH level, but let's consider from a distance, what's going to happen in the next few years?

Looking at the global chart, I see that we are almost at the apex of the so-called triangle.
Theoretically, after the ATH removal I would not rule out the possibility of a decline to the lower boundary of the triangle to the golden Fibonacci ratio. That's a range of around $70 as you can see.

Further, if the price breaks the ATH again, it may rush to the 1.618 level, which is in the area of $2,200 per 1 SOL.

Does that sound like something out of the realm of fantasy? Maybe, I agree with you.

But what if this ecosystem continues to evolve and then we are in for another huge wave of retrodrops in the Solana ecosystem.

I'm really curious as to where the price of this coin will peak in this bull run. Well, let's give up fantasies and just take part in it, but also remember about profit taking.
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$AXS - Head and Shoulders pattern - 1w AXS/USDT Long: Entry: 10,5 Target: 27,9 Stop: 6,19 RR 1:4 And here's why 👇 I see several confirmations of a bullish move forming. First of all, if we open the global chart and make a Fib Retracement, we can see the zones of interest, usually the key zone is the 0.618 level. The price has broken this level and is testing it now. The second confirmation for me is the Head and Shoulders pattern. Usually, in technical analysis, this figure means a trend reversal. I tend to think that the downtrend is complete and we are at the point of a trend change to an uptrend. Always remember that we work with probabilities and there is no 100% confirmation of any scenario. #HotTrends
$AXS - Head and Shoulders pattern - 1w

AXS/USDT Long:

Entry: 10,5
Target: 27,9
Stop: 6,19

RR 1:4

And here's why 👇

I see several confirmations of a bullish move forming.
First of all, if we open the global chart and make a Fib Retracement, we can see the zones of interest, usually the key zone is the 0.618 level. The price has broken this level and is testing it now.

The second confirmation for me is the Head and Shoulders pattern. Usually, in technical analysis, this figure means a trend reversal. I tend to think that the downtrend is complete and we are at the point of a trend change to an uptrend.

Always remember that we work with probabilities and there is no 100% confirmation of any scenario.
#HotTrends
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What is Ethereum Dencun Update in simple words? There will be no complicated terminology here, just clear language for the average web3 user. Let's dive in 👇 As you know, on March 13, we expect a Dencun update on the Ethereum network. The crucial improvements that everyone expects are: • Network infrastructure expanding • Gas fees reduction Let's break it down in more detail: By expanding network infrastructure, I mean increased attention to L2 networks. Everyone knows there are faster and cheaper transactions, but if these networks become even more efficient after the upgrade, can you imagine what will happen? The leaders among the rollups are Arbitrum and Optimism. If we take into account the gas fee reduction in these networks by dozens of times, it will significantly increase the number of users in the networks, and accordingly, it will be reflected in the main network. Now remember such new networks as Scroll and zkSync. They are still fresh and development is underway there. Teams of these networks understand the importance of the main network update and will adjust the release of their products to take into account all the new developments. We can only assume that the major coin prices of the L2 networks will rise. I won't stop promoting that the current bull market is the era of L2 solutions and the development of the Ethereum ecosystem as a whole. In general, everything is interrelated and each parameter complements the other. If there are cheap transactions, then there will be an expansion of the entire ecosystem, which will contribute to new dApps and new attention from users. Don't forget about the increased demand for ETH, users will be forced to buy this coin to interact with protocols and networks. And of course, the most important thing is the Ethereum ETF. I believe this update will encourage its adoption. To summarize, this long-awaited improvement will bring new money and new liquidity to the market. I have a strong belief that we could see more than $10k for 1 ETH in the next few years. #TrendingTopic
What is Ethereum Dencun Update in simple words?

There will be no complicated terminology here, just clear language for the average web3 user.

Let's dive in 👇

As you know, on March 13, we expect a Dencun update on the Ethereum network. The crucial improvements that everyone expects are:

• Network infrastructure expanding
• Gas fees reduction

Let's break it down in more detail:

By expanding network infrastructure, I mean increased attention to L2 networks.

Everyone knows there are faster and cheaper transactions, but if these networks become even more efficient after the upgrade, can you imagine what will happen?

The leaders among the rollups are Arbitrum and Optimism.

If we take into account the gas fee reduction in these networks by dozens of times, it will significantly increase the number of users in the networks, and accordingly, it will be reflected in the main network.

Now remember such new networks as Scroll and zkSync.
They are still fresh and development is underway there.

Teams of these networks understand the importance of the main network update and will adjust the release of their products to take into account all the new developments.

We can only assume that the major coin prices of the L2 networks will rise.

I won't stop promoting that the current bull market is the era of L2 solutions and the development of the Ethereum ecosystem as a whole.

In general, everything is interrelated and each parameter complements the other.

If there are cheap transactions, then there will be an expansion of the entire ecosystem, which will contribute to new dApps and new attention from users.

Don't forget about the increased demand for ETH, users will be forced to buy this coin to interact with protocols and networks.

And of course, the most important thing is the Ethereum ETF.
I believe this update will encourage its adoption.

To summarize, this long-awaited improvement will bring new money and new liquidity to the market.

I have a strong belief that we could see more than $10k for 1 ETH in the next few years.

#TrendingTopic
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$BTC BREAKS ATH $70,000 🔥 New week just started with new heights! Quite a good start, let’s see how it goes. If we manage to gain a foothold above this psychological level, then within a couple of days many altcoins will explode! We continue to watch. Now, the most interesting thing is happening, no one knows where Bitcoin will stop, it is looking for new peaks.
$BTC BREAKS ATH $70,000 🔥

New week just started with new heights!

Quite a good start, let’s see how it goes. If we manage to gain a foothold above this psychological level, then within a couple of days many altcoins will explode!

We continue to watch. Now, the most interesting thing is happening, no one knows where Bitcoin will stop, it is looking for new peaks.
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$MATIC - 1w - Update My predictions proved to be correct. This week, the price reached a new resistance level of around 1.25, having previously pushed off the past support level of around 0.95 that I talked about a couple of weeks ago. We currently have about 40% unrealized gains. I am still sticking to my long-term vision and plans. Our next task is to break and hold the current resistance level and then the road to our first global target will be open. I will keep you informed and accompany you throughout this trade. #Write2Earn‬
$MATIC - 1w - Update

My predictions proved to be correct.

This week, the price reached a new resistance level of around 1.25, having previously pushed off the past support level of around 0.95 that I talked about a couple of weeks ago.

We currently have about 40% unrealized gains. I am still sticking to my long-term vision and plans.

Our next task is to break and hold the current resistance level and then the road to our first global target will be open.

I will keep you informed and accompany you throughout this trade.

#Write2Earn‬
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Жоғары (өспелі)
Memecoins are the main weapon of hype and engagement of retailers. What do large and small market players think? Learn about the psychology of attracting new users to the market.👇 Let's take the Solana rally as an example. What do newcomers see when they first enter the market? They hear that some coins made thousands of percent profit in 24 hours in the mass media space. They see the big profits of those who have managed to do it. What's next? They're starting to feel the FOMO - a basic individual reaction and a desire to make up for lost time. They get to the market, see a giant green candle, and start jumping on that wagon. At first, they get lucky and manage to ride this for a while, but then they get overcome by greed and euphoria and don't take profits. All unrealized profits go to zero and then to the loss. If some lose, others earn, right? That is, by dialing hamsters they shill the next memecoin, after selling them their candy wrappers, they forget about the project, and the price drops to -99%. What remains in the end? A newbie with nothing. Then, with a little bitter experience, they go to the market looking for new opportunities. As a result, we have new potential market participants who are ready to win back and they will do so. They will simply get lost here without understanding the whole situation. Moreover, our hero becomes a new link in this chain, called the market, and in the future, he can potentially make more trades. It doesn’t matter the direction, be it NFTs, meme coins, futures, or simple spot trading. The main thing is it's a new liquidity in the market. By Solana rally, I meant all this attention to the memecoin trend in this ecosystem, as a simple example. Let's consider this the starting point. Just remember that the market is a tool for transferring money from inexperienced players to experienced ones. Only those who can understand how this whole system works survive, especially over a long time. If you don't start studying where you are putting your money now, you will lose it. #TrendingTopic #WIF
Memecoins are the main weapon of hype and engagement of retailers.

What do large and small market players think?

Learn about the psychology of attracting new users to the market.👇

Let's take the Solana rally as an example.

What do newcomers see when they first enter the market? They hear that some coins made thousands of percent profit in 24 hours in the mass media space.

They see the big profits of those who have managed to do it.
What's next?

They're starting to feel the FOMO - a basic individual reaction and a desire to make up for lost time. They get to the market, see a giant green candle, and start jumping on that wagon.

At first, they get lucky and manage to ride this for a while, but then they get overcome by greed and euphoria and don't take profits. All unrealized profits go to zero and then to the loss.

If some lose, others earn, right?

That is, by dialing hamsters they shill the next memecoin, after selling them their candy wrappers, they forget about the project, and the price drops to -99%.

What remains in the end? A newbie with nothing.

Then, with a little bitter experience, they go to the market looking for new opportunities.

As a result, we have new potential market participants who are ready to win back and they will do so. They will simply get lost here without understanding the whole situation.

Moreover, our hero becomes a new link in this chain, called the market, and in the future, he can potentially make more trades.

It doesn’t matter the direction, be it NFTs, meme coins, futures, or simple spot trading. The main thing is it's a new liquidity in the market.

By Solana rally, I meant all this attention to the memecoin trend in this ecosystem, as a simple example. Let's consider this the starting point.

Just remember that the market is a tool for transferring money from inexperienced players to experienced ones.

Only those who can understand how this whole system works survive, especially over a long time.

If you don't start studying where you are putting your money now, you will lose it.

#TrendingTopic #WIF
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$ARB - I expect a sharp impulse within a month. Usually, such price behavior contributes to an impulsive upward move. Considering the fact that there has been a volume gain in the last few days and the current market condition, I expect an approach to the 3.20 zone. Moreover, this target coincides with the global Fibo value of 1.618 We'll be back here in a month.
$ARB - I expect a sharp impulse within a month.

Usually, such price behavior contributes to an impulsive upward move.

Considering the fact that there has been a volume gain in the last few days and the current market condition, I expect an approach to the 3.20 zone.

Moreover, this target coincides with the global Fibo value of 1.618

We'll be back here in a month.
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Bitcoin hit $60,000! What's next? Let's figure out what's going on in the BTC.D chart 👇 BTC Dominance 54,5% - we're still in the linear range. Based on the chart we are almost at the upper boundary of the range, we still have a small potential up to the local ATH. What people are most waiting for is the decline in domination which means an overflow of funds into altcoins and the subsequent altcoin season. Given the critical level of the greed and fear indicator - 80 points I wouldn't make any major decisions right now. The $BTC price could likely be pushed even higher and then go down to the 53k area. The main conclusion is that if we fail to move up out of the range on the dominance chart, I would expect a correction followed by an increased focus on altcoins. Always pay attention to this chart - BTC.D, it will tell you the true state of the market. #TrendingTopic
Bitcoin hit $60,000!

What's next? Let's figure out what's going on in the BTC.D chart 👇

BTC Dominance 54,5% - we're still in the linear range. Based on the chart we are almost at the upper boundary of the range, we still have a small potential up to the local ATH.

What people are most waiting for is the decline in domination which means an overflow of funds into altcoins and the subsequent altcoin season.

Given the critical level of the greed and fear indicator - 80 points I wouldn't make any major decisions right now.

The $BTC price could likely be pushed even higher and then go down to the 53k area.

The main conclusion is that if we fail to move up out of the range on the dominance chart, I would expect a correction followed by an increased focus on altcoins.

Always pay attention to this chart - BTC.D, it will tell you the true state of the market.

#TrendingTopic
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$COMP perfectly hit our target which I noted exactly one month ago. Congratulations to everyone who did the analysis and got the deal done! Risk/profit was 1:2 on that trade, looking for new ones. 👀 #TradeNTell #Write2Earn‬
$COMP perfectly hit our target which I noted exactly one month ago.

Congratulations to everyone who did the analysis and got the deal done!

Risk/profit was 1:2 on that trade, looking for new ones. 👀

#TradeNTell #Write2Earn‬
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$COMP
COMP/USDT - 1D - Long 1:2 RR

#TradeNTell

Entry: 52-54
Target: 72,3
Stop: 44,6

Description: the price is moving within the uptrend, stop loss is set for the previous false breakout. Risk/profit 1:2

Always do your own research and don't blindly follow other people's ideas!
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$FIL FIL/USDT - 1w - thoughts Price behavior is similar to the situation as it was with $LINK The price accumulates in the range for a long time and then goes up. I see a similar scenario here. Potential zones of interest are at +150% and +400% of the current price. My mission is to give you a global vision instead of blindly following signals. I will wait for the level breakdown and confirmation (retest), after which I will look for buy points. I continue to monitor the coin.
$FIL
FIL/USDT - 1w - thoughts

Price behavior is similar to the situation as it was with $LINK

The price accumulates in the range for a long time and then goes up. I see a similar scenario here.

Potential zones of interest are at +150% and +400% of the current price.

My mission is to give you a global vision instead of blindly following signals.

I will wait for the level breakdown and confirmation (retest), after which I will look for buy points. I continue to monitor the coin.
$GRT - 1W - Long - 1:4 RR Target: 0.59 Stop: 0.17 And here's why: Globally we can see the breakdown of the downtrend structure, as well as confirmation of the reversal is the retest of the lower support level where the price could not fall below the previous LL. I think it's a good trade with a risk/profit ratio of 1:4 Don't forget that you make all final decisions yourself after your own analysis.
$GRT - 1W - Long - 1:4 RR

Target: 0.59
Stop: 0.17

And here's why:

Globally we can see the breakdown of the downtrend structure, as well as confirmation of the reversal is the retest of the lower support level where the price could not fall below the previous LL.

I think it's a good trade with a risk/profit ratio of 1:4

Don't forget that you make all final decisions yourself after your own analysis.
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$MATIC - 4H - Update The price has realized the potential I was talking about 2 weeks ago. Here's my next plan: Having tested the past support level, the price went upwards to the 0.95 level that I noted. Now it is very important to consolidate above this level and stay in this range. If we manage to do it soon, we will have an open road to our global targets. Let me remind you that our global targets are 1.47 and 2.48. In general, these moves coincide with the L2 growth narrative for this upcoming bull market cycle so I will continue to keep you updated on this asset.
$MATIC - 4H - Update

The price has realized the potential I was talking about 2 weeks ago.

Here's my next plan:

Having tested the past support level, the price went upwards to the 0.95 level that I noted.

Now it is very important to consolidate above this level and stay in this range. If we manage to do it soon, we will have an open road to our global targets.

Let me remind you that our global targets are 1.47 and 2.48.

In general, these moves coincide with the L2 growth narrative for this upcoming bull market cycle so I will continue to keep you updated on this asset.
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$OP - 1W - UPDATE 2 weeks ago I was considering 2 possible scenarios for the price movement. Here is the result of what we have now: Last week's candle closed with an upward engulfment. After filling the imbalance zone the price turned around and now it is going to break through ATH. This is a common pattern when the Doji candle is overlapped by a large green candle with a long body. This is most often a bullish signal. What am I going to do now? I will be looking for buying zones in the 3.40-3.60 area. In any case, I consider this asset from a long-term point of view and I am ready to hold it throughout this bullish cycle. What do people think? #TradeNTell #Write2Earn #Optimism
$OP - 1W - UPDATE

2 weeks ago I was considering 2 possible scenarios for the price movement.

Here is the result of what we have now:

Last week's candle closed with an upward engulfment.
After filling the imbalance zone the price turned around and now it is going to break through ATH.

This is a common pattern when the Doji candle is overlapped by a large green candle with a long body. This is most often a bullish signal.

What am I going to do now?

I will be looking for buying zones in the 3.40-3.60 area.

In any case, I consider this asset from a long-term point of view and I am ready to hold it throughout this bullish cycle.

What do people think?

#TradeNTell #Write2Earn #Optimism
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$DOT - 1W - Long - 1:5 RR Entry: 6,59 - now Target: 15,79 Stop loss: 4,97 Risk/Reward Ratio 5,68 Let me explain why I have such big targets and a big timeframe: Right now we see a lot of funds pouring into ETH and the rest of the altcoins, which means we are close to the start of the altcoin season. Stretching our favorite Fibo grid tool, I would count on the 0.618 zone. It is very common for price to react from this level, so more than likely I expect a long trade to the 1.618 level. But it is worth considering the resistance zone, so our target is a bit lower. There is no need to be greedy in trading, we always work with probabilities.
$DOT - 1W - Long - 1:5 RR

Entry: 6,59 - now
Target: 15,79
Stop loss: 4,97

Risk/Reward Ratio 5,68

Let me explain why I have such big targets and a big timeframe:

Right now we see a lot of funds pouring into ETH and the rest of the altcoins, which means we are close to the start of the altcoin season.

Stretching our favorite Fibo grid tool, I would count on the 0.618 zone. It is very common for price to react from this level, so more than likely I expect a long trade to the 1.618 level. But it is worth considering the resistance zone, so our target is a bit lower.

There is no need to be greedy in trading, we always work with probabilities.

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