AltcoinInvestment
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ALTCOINS ARE GETTING CLOSER 📈
Closer to a crucial month with expectations
The past 24 hours have been crucial in the road towards a bullish Q4
$RENDER above $5
$NAKA at 80 cents
$RIO and $TAO with strong pumps over 10%
$KAS above 16 cents
$SOL broke $130 resistance
This is not enough but there must be a start.
Now that we have seen Bitcoin push from $52k support to $57k, we can say that its a good short term recovery.
At least the demons of $44k are a little far.
➣ THE BIGGER PICTURE FOR ALTCOINS
We have mentioned this structure as the key for any #Altseason
A falling wedge with long term S/R around $520 Billion must hold and it is doing exactly that.
Without a change in this the positions don't change by much, and the phase remains a consolidation or accumulation phase.
➣ WHAT'S THE PLAN ?
Never chase pumps even the short one. Best time to buy is in a downtrend and we can see some short term profit taking.
If you believe the trend has reversed and long term is the game, go for it.
Dollar Cost Averaging into your favs is always the key in such phases when market shows short term pumps with a potential bullish structure formation.
With rate cuts, historic bullish Q4 and many other factors like US Elections influencing the market soon, the downside room has reduced and for short term there is not much risk if all events occur as per the timeline.
Which Altcoins are you adding at these lows?
#AltCoinSeason
#CryptocurrencyMarketUpdate
#AltcoinInvestment
#DollarCostAveraging
Closer to a crucial month with expectations
The past 24 hours have been crucial in the road towards a bullish Q4
$RENDER above $5
$NAKA at 80 cents
$RIO and $TAO with strong pumps over 10%
$KAS above 16 cents
$SOL broke $130 resistance
This is not enough but there must be a start.
Now that we have seen Bitcoin push from $52k support to $57k, we can say that its a good short term recovery.
At least the demons of $44k are a little far.
➣ THE BIGGER PICTURE FOR ALTCOINS
We have mentioned this structure as the key for any #Altseason
A falling wedge with long term S/R around $520 Billion must hold and it is doing exactly that.
Without a change in this the positions don't change by much, and the phase remains a consolidation or accumulation phase.
➣ WHAT'S THE PLAN ?
Never chase pumps even the short one. Best time to buy is in a downtrend and we can see some short term profit taking.
If you believe the trend has reversed and long term is the game, go for it.
Dollar Cost Averaging into your favs is always the key in such phases when market shows short term pumps with a potential bullish structure formation.
With rate cuts, historic bullish Q4 and many other factors like US Elections influencing the market soon, the downside room has reduced and for short term there is not much risk if all events occur as per the timeline.
Which Altcoins are you adding at these lows?
#AltCoinSeason
#CryptocurrencyMarketUpdate
#AltcoinInvestment
#DollarCostAveraging
Investors holding ARB should take note: ARB trum's price might face a correction soon, despite positive market indicators. The recent failure to break a crucial resistance level leaves it vulnerable. If investors opt for profit-taking, as suggested by the MVRV ratio and impending profitable supply, ARB's price could dip. The current price of $1.13 might not hold, potentially dropping below $1.10 support and even hitting $0.97. #CryptoInvesting #CryptocurrencyPrediction #AltcoinInvestment
