Overview
Chart #1 - Aave (AAVEUSDT) 8-Hour
Chart #2 - Kaspa (KASUSDT) Daily
Chart #3 - Sei (SEIUSDT) Daily
Chart #4 - Kujira (KUJIUSDT) Daily
Chart #5 - Fear and Greed Index
Chart #1 - Aave (AAVEUSDT) 8-Hour
Chartist: Sheldon
(For the chart screenshot, click here.)
AAVE is at support at $82.50 - $85 where I will take a spot long position.
Iโll allocate 30% of my intended funds here, a further 30% once the price breaks through the resistance line, and then the balance on the retest of the break of that line.
Stop Loss - Just below $80.00
Take Profit 1 - Between $92.00 - $96.00
Take Profit 2 - Between $108.00 - $114.00
The market is volatile, so weโll manage our risk very tightly!
Sign-up and trade on Bybit today.
Exclusive $30,000 deposit rewards and bonuses up for grabs!
Chart #2 - Kaspa (KASUSDT) Daily
Chartist: Kyle
(For the chart screenshot, click here.)
KAS is at a key support area at $0.10, presenting a long opportunity.
The next key resistance is at $0.145, with a possibility of pausing at $0.12 due to its large wicks in that area.
Stop Loss - $0.09
Take Profit - $0.143
Weโll start with a small position to de-risk our entry and add more after retesting each level.
Claim your Bitget sign-up bonuses here (details below).
Outsmart 99% Of The Market!
Get full access into our Discord And Telegram group, where you'll find all of our premium content!
๐ Trade Signals!
๐ Trade Set-Ups!
๐ Trading Challenges!
๐ Education!
๐ SO MUCH MORE!
Chart #3 - Sei (SEIUSDT) Daily
Chartist: Kyle
(For the chart screenshot, click here.)
SEI is at $0.63 and approaching our range bottom.
Additionally, the 50MA daily is inside our support zone, which presents a nice opportunity for a long position with a risk to reward ratio of 1:8.5.
Entry - Around the $0.61 area
Stop Loss - At $0.56
Take Profit - Just above $1.05
The Stop Loss is a bit wide at 8.6%, so leverage will be low if not in spot.
Claim your Bitget sign-up bonuses here (details below).
Chart #4 - Kujira (KUJIUSDT) Daily
Chartist: Sheldon
(For the chart screenshot, click here.)
KUJI is currently in the $2.70 - $3.00 area of support and Iโm taking a spot long position.
As usual, Iโll allocate 30% of my trade here, with a further 30% once the price breaks through the resistance line, and the rest on the retest of the break of that line.
Stop Loss - Around $2.47
Take Profit 1 - $4.00 - $4.20
Take Profit 2 - $5.00 - $5.20
Please note that the market is currently very volatile, as BTC is correcting after a massive run!
Claim your Bitget sign-up bonuses here (details below).
Chart #5 - Fear and Greed Index
The Fear and Greed Index is sitting at 63 today, indicating Greed.
The highest the index has been over the past seven days is 63, and the lowest is 54.
Banterโs Take
As mentioned earlier this week, Bitcoin is back in its range and is currently forming a flag pattern with the possibility of breaking out in either direction.
Exercise caution this weekend and wait for a clear indication before reacting to the market.
Stay safe my friends!
Go to our Crypto Banter Discord here where Sheldon and Kyle give updates on the charts and trades from The Daily Candle newsletter!