$CHZ It feels like we are stuck in an endless retracement!🔴
But as the saying goes, "what goes up must come down, and what comes down will go back up" ⏳️
The price is close to the end of this downward pattern. However, to shift again into bullish mode, we need first to recovery the area around 0.9$ (1st box) with strong volume! Once we breakout and consolidate above, we could aim for a breakout of the descending pattern and then attack again 0.16$ target and higher (2 & 3 box ).
Until we see the first signs of recovery, no rush⏳️
The head and shoulders pattern on the daily timeframe is clearly identifiable. The price is currently retesting the neckline, which aligns with the 0.5 Fibonacci level. If it fails to break out, we could be heading into a dead zone again.
The price is approaching the end of this 222 day descending pattern. So, what's next?
A potential breakout could lead us to $40 first, followed by $60.
However, you should bear in mind that $Ordi like $STX are closely correlated with $BTC . If BTC rises, Ordi and STX are likely to follow but if the opposite happens, well it could lead them to lower levels.
In this case, more than others, it’s wise to wait for BTC to provide clearer direction. NO RUSH ⏳️
10 Golden Rules to Acquire a Smart Investor Mindset: The Key to Success in the World of Finance
1. Long-Term Thinking: Success Requires Patience • Successful investing relies on a long-term vision. Regardless of your investment field, avoid getting caught up in quick gains and focus on sustainable growth to achieve real returns over time. 2. Wise Risk Management: Balance is the Key to Success • Risk is an unavoidable part of any investment. The right investment mindset requires understanding risks and diversifying investments in a way that minimizes losses during downturns while maintaining growth potential. 3. Diversify Investments: Don’t Put All Your Eggs in One Basket • Diversification is one of the most important strategies for smart investors. When you invest in multiple assets, you reduce the impact of losses in one area on your overall portfolio. 4. Continuous Learning: Knowledge is Power • The investment world is constantly changing. Keeping yourself updated on the latest developments, whether in financial markets or new technologies, increases your chances of making better, more strategic investment decisions. 5. Control Your Emotions: Investing is Not Gambling • Fear and greed can lead to unwise investment decisions. A smart investor controls their emotions and does not allow temporary fluctuations to affect their long-term plans. 6. Understand the Risk-Reward Relationship: No Gain Without Risk • Every investment carries a certain level of risk. Successful investors know how to assess potential rewards against risks and make decisions based on this evaluation. 7. Focus on Value: Invest Based on Substance, Not Appearance • Instead of being swept away by hype or short-term expectations, always seek real value. A smart investment mentality looks for assets that offer growth potential over the long term. 8. Personal Financial Planning: Secure the Basics First • Before entering any investment, ensure you have a solid personal financial plan. You should be able to meet your personal needs and emergency situations before allocating funds to investments. 9. Patience and Discipline: Time is the Biggest Ally • Markets can be unpredictable in the short term, but true success comes to investors who show patience and discipline. Investing is not a sprint; it is a marathon that requires long-term commitment. 10. Flexibility: Adapting to Changes and Challenges • Success in the investment world requires the ability to adapt. Whether facing market changes or new economic developments, a smart investor remains flexible and ready to adjust their strategy according to new circumstances. ▫️Conclusion: To acquire a smart investor mindset, you must be prepared to look beyond quick gains and temporary fluctuations. Investing is a journey that requires long-term commitment, patience, and continuous knowledge. By adhering to the golden rules of risk management, diversification, and emotional control, you can pave the way for financial success in a world full of opportunities. $NEIRO
As the week winds down, it’s a great time to pause and reflect on our investment strategies and results.
Sometimes we get swept up in the FOMO of new trends or new opportunities shilled over the crypto space, forgetting the fundamentals that guide our investment decisions.
That is why it is important to refresh these three key elements every conscious investor should follow:
1️⃣ RISK PROFILE / RISK MANAGEMENT Understand your own risk tolerance and define a proper risk management strategy.
2️⃣ TIME HORIZON Consider how long you plan to invest. Are you focused on short term trading or holding long term? Both? Different strategies may apply dependin on your specific goals.
3️⃣ ASSET ALLOCATION #AI , #MEME lowcap coins, etc. No matter what the trend is, avoid degenerate risks and do not put everything in one basket. Diversification is always a smart move.
The price is approaching the end of this 222 day descending pattern. So, what's next?
A potential breakout could lead us to $40 first, followed by $60.
However, you should bear in mind that $Ordi like $STX are closely correlated with $BTC . If BTC rises, Ordi and STX are likely to follow but if the opposite happens, well it could lead them to lower levels.
In this case, more than others, it’s wise to wait for BTC to provide clearer direction. NO RUSH ⏳️
I don’t think so... But whoever it was, we owe them for the many projects shaping the blockchain infrastructure and world of tomorrow.
These sleeping giants certainly are, and they hold massive potential for the upcoming bull run!
Check this out! 👇 $PRCL
Parcl is a perfect example of how real-world assets can integrate with blockchain and crypto. Parcl is a decentralized platform that allows users to trade real-world real estate prices with up to 50x leverage, offering the best platform for liquid real estate exposure
Morpheuslabs develpoed a blockchain platform as a service that leverages #AI technology to simplify and accelerate the creation of decentralized applications. The platform is designed to make DApp development easier and faster, allowing users to choose their preferred programming languages and blockchain runtimes.
Narrative: AI Price potential: 0.1$
$VRA
No introduction needed. $VRA is a #bluechip crypto project which aims to revolutionize the digital advertising market thanks to its patented Proof of View (#PoV) technology.
Exciting developments are on the horizon, including the #Verawallet 2.0 update and new listings! (WEN #binance ?!)
Narrative: AI Price potential: 0.1$
$ELA
#Bitcoin L2 will bring massive interest in #DeFi and #NFTS on Bitcoin.
@ElastosInfo is leading the way with its SmartWeb platform, creating a smarter, more secure, and private digital ecosystem where users have control over their own digital identity. All powered by Bitcoin. (Recently expanding also to #depin world!)
Narrative: BTC DEFI Price potential: 20$
$NGL
@Entanglefi main focus is #Interoperability, facilitating the connection of data, assets, and more between dApps and networks. It simplifies Omnichain operations connecting everything on an innovative L1 blockchain.
I have covered in depth in depth the project on my previous posts (See highlights in my X profile!)
Narrative: Infrastructure Price potential: > 2$
Drop a like, bookmark or share if you find value! JJ
Lately, the spotlight has been on various #memecoins and new #tap2earn projects. However, there are still some major players that are underperforming but have massive upside potential! That's why I am focusing on these projects for some stable gains! 👇
$AR @Arweave Ecosystem offers a permanent decentralized storage solution and web access. Similar to #Bitcoin but for data.
Backed by major investors like Coinbase, it has gotten a lot of attention, but only a few saw its real potential when it was still on the lows. I shared a full analysis of AR back in February when it was trading around $10. (See my X profile!)
Narrative: Cloud & Web3 Data Storage Price potential: > $50
$RENDER Render Network is the first decentralized GPU rendering platform, allowing artists to scale rendering tasks on demand through high-performance GPU nodes around the globe. AI is just getting started, and with that, the upside potential for Render is massive
Narrative: AI Price potential: > $20
$POL @Polygon Matic's migration to POL is complete, unlocking even more possibilities for expanding its use cases. There’s still plenty of upside here. I’m predicting it will hit $1 by the end of the year.
Narrative: Layer 2 Price potential: > $2
$DOT
Polkadot has been stuck at lower levels for a while, and although it's far from its $50 peak, the project is starting to catch attention again. It looks like the price has finally broken out of the falling wedge. Now, we could be targeting $0.20 again!
Narrative: CHAIN Price potential: >$20
$DOGE The undisputed king of memecoins. Despite a flood of new contenders, Dogecoin has remained stable without a major rally so far. IThat’s why I’m placing a small bet on DOGE. In the short term, It looks like the price has finally broken out of the falling wedge. Now, we could be targeting $0.20 again!
Narrative: Memecoin Price potential: > $0.50
Drop a like, bookmark or share if you find value! JJ
Plan still perfectly in place, but what can we expect next?
MACRO
The key level to watch is the zone around $0.113.
A close above this level would signal a recovery of an important support area after successfully breaking out of the descending pattern.
MICRO
4H Time Frame: The price is attempting to break out of the range between $0.10 and $0.107. If it successfully tests this zone again and breaks through, it would be the first bullish sign.
I would consider taking a position only after a weekly candle close. Keep in mind that the monthly close is also approaching, adding further confluence that could lead to strong upward momentum.
Here is why you should consider adding these to your portfolio 👉
$STX
Narrative: $BTC DeFi is still getting started, but once it takes off, STX will be leading the way. There’s a $250 billion market just waiting to be explored. Full analysis in my pinned post on X!
Price potential: > $5
$NEAR
Narrative: NEAR is a Layer 1 project focused on scalability through sharding.
Recently, the focus has shifted on "User Owned AI" coming back to the origins of the project. AI and consumer apps can utilize NEAR Protocol’s infrastructure, avoiding the centralized control of major corporations. f the #AI narrative takes off, make sure you're set with solid projects.
Price potential: > $10
$GRT
Narrative: Often referred to as the “Google of Blockchain,” GRT does not need much introduction. I have been calling it since the very lows because I beilieve is one of the main underrated projects. Many detailed analyses are available on my profile (see articles or my TG).
Price potential: > $2
$ONDO
Narrative: Backed by investors like @Coinbase Ondo is making major moves in the RWA space. According to @coingecko , ONDO accounts for nearly half of the U.S. RWA interest, which is 14.8% of the global interest for 2024. The project has already tokenized BlackRock iShares #ETFs, including short-term U.S. Treasuries and money market funds, and is also innovating with yield-bearing stablecoins backed by cash equivalents.
Price potential: > $5
$MNT
With partnerships like @Bybit_Official Web3 and costant #airdrops, @0xMantle Mantle is becoming one of the leading Layer 2 ecosystems offering faster and cheaper transactions.
Drop a like, bookmark or share if you find value! JJ