Overview
Chart #1 - Cosmos Hub (ATOMUSDT) Weekly
Chart #2 - Akash Network (AKTUSDT) 12-Hour
Chart #3 - Solana (SOLUSD) Daily
Chart #4 - Kujira (KUJIUSDT) 12-Hour
Chart #5 - Fear and Greed Index
Chart #1 - Cosmos Hub (ATOMUSDT) Weekly
Chartist: Sheldon
(For the chart screenshot, click here.)
ATOM has just broken the weekly descending resistance line from August 2022!
The price is currently in an area of support, and it looks like the price is going to continue trending to the upside.
This is going to be a longer-term trade.
Entry: Enter a spot long trade between $12.00 - $12.60.
Take Profit (TP) β Take profit at the next areas of resistance:
TP1: $14.75 - $15.75 (23% - 31%)
TP2: $22.00 - $25.00 (83% - 108%).
Stop Loss: Just below $11.00.
From $12 to $25 is an over 100% gain trade (aka a 2x) that we can take on Bybit before itβs too late!
Chart #2 - Akash Network (AKTUSDT) 12-Hour
Chartist: Kyle
(For the chart screenshot, click here.)
AKT drove into resistance twice but failed to break through, so it's heading towards our local target of $4.23, with another key support at $3.80, followed by another one at $3.40.
Strategically, we expect a bounce from $4.23, so we can structure our positions accordingly.
Breaking and holding above $5.00, we can make our positions stronger.
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Chart #3 - Solana (SOLUSD) Daily
Chartist: Kyle
(For the chart screenshot, click here.)
SOL flipped our resistance into support. From here, we move forward and onwards.
The next resistances are at $140, $160, and $180.
Our support at $125 has been retested twice, so we don't expect to drop lower from this point.
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Chart #4 - Kujira (KUJIUSDT) 12-Hour
Chartist: Sheldon
(For the chart screenshot, click here.)
This morning KUJI tested the $4.15 top of the range level of support, which has held over the last two days.
I will be entering a spot long trade at this level with the intention of taking profit at the next areas of resistance.
Entry: Around $4.00 - $4.15.
Take Profit (TP): At the next areas of resistance:
TP1: $4.50 - $4.65 (8% - 12%)
TP2: $5.25 - $5.60 (26% - 35%)
Stop Loss: Just below $3.80
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Chart #5 - Fear and Greed Index
The Fear and Greed Index is sitting at 82 today, indicating Extreme Greed.
The highest the index has been over the past seven days is 83, and the lowest is 79.
Banterβs Take
Bitcoin bounced from $61,250 last Friday, while on Sunday it retested $61,500 and pushed early hours today above $65,100.
The total market cap is steadily increasing and reached $2.5T, while Bitcoin dominance is increasing. So the majority of the alts will slowly catch up or consolidate.
Stay safe my friends!
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