Overview
Chart #1 - Kaspa Network (KASUSDT) 8-Hour
Chart #2 - Arbitrum (ARBUSD) Daily
Chart #3 - Aave (AAVEUSDT) 12-Hour
Chart #4 - Gala (GALAUSDT) 8-Hour
Chart #5 - Fear and Greed Index
Chart #1 - Kaspa Network (KASUSDT) 8-Hour
Chartist: Sheldon
(For the chart screenshot, click here.)
KAS is consolidating at support, and since price has retraced over the past two weeks it could be getting ready for another leg up.
Entry: Ladder into a spot long trade on Bybit in the current $0.043 - $0.045 area of support.
Take Profit (TP): As price has been in “price discovery”, I plan to only sell 25% at the next area of resistance which is from $0.183 - $0.19, and then let the rest run.
Stop Loss: My stoploss is just below $0.14.
Chart #2 - Arbitrum (ARBUSD) Daily
Chartist: Kyle
(For the chart screenshot, click here.)
Here’s an update on our ARB trade.
Price is up 10% from entry at $2. You can get in on Bitget.
I’m looking for a Support/Resistance Flip of $2.2. Flipping this level into support opens up the range for ARB to push for higher levels in price discovery.
Primary TP Zones:
TP1: $2.8 (1.414 on Fib)
TP2: $4 ( 2.618 on Fib)
If price flips 2.2 into support I’ll move my stop loss to $1.95 and can increase the size of the trade on trend continuation.
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Chart #3 - Aave (AAVEUSDT) 12-Hour
Chartist: Kyle
(For the chart screenshot, click here.)
AAVE looks to be reclaiming its previous range, opening up for a potential move in price to firstly $180 followed by $260.
Check it out on
Entry: Look for the retest of resistance as support in the Buy Zone between $115 and $125, setting in a higher low for trend continuation.
TP1: $150 (30%)
TP 2: $180 (55%)
TP3: $220 (85%)
Stoploss: Under $104
Chart #4 - Gala (GALAUSDT) 8-Hour
Chartist: Sheldon
(For the chart screenshot, click here.)
I feel the gaming narrative is getting hyped!
GALA is consolidating at support, so I’ll enter a long trade.
Entry: Ladder into a long spot trade in the current $0.04275 - $0.045 area of support.
TP1: $0.0485 - $0.0525
TP2: $0.058 - $0.063
Stop Loss: Just below $0.04
Claim your Bitget sign-up bonuses here (details below).
Chart #5 - Fear and Greed Index
The Fear and Greed Index is sitting at 81 today, indicating Extreme Greed.
The highest the index has been over the past seven days is 90, and the lowest is 75.
Banter’s Take
Retail is coming back into the market in a strong way, and we could be looking at a very green weekend for alts.
Funding rates have reset, but we can see some froth coming back into the markets - so pay careful attention to the heatmaps as the bulls begin to build up on leverage long positions.
The ETF inflows are still strong with a combined net inflow of $469B.
Paper Bitcoin is also decreasing as bitcoin moves off exchanges. It will be interesting to see if Bitcoin can break and close this weekly candle above $70,000.
Stay safe my friends!
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$70,000 a few minutes ago congratz , you #hodl rs were right all along