๐๐ KUJI Set to Skyrocket: Exclusive Entry Points!
DYDX Targets $6.90: Explosive ETH Ecosystem Trade!
Overview
Chart #1 - Paribus (PBXUSDT) 12-Hour
Chart #2 - Oasis Network (ROSEUSDT) 8-Hour
Chart #3 - dYdX (DYDXUSDT) 8-Hour
Chart #4 - Kujira (KUJIUSDT) 8-Hour
Chart #5 - Fear and Greed Index
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Chart #1 - Paribus (PBXUSDT) 12-Hour
Chartist: Sheldon
(For the chart screenshot, click here.)
PBX has come down to support, which gives us the chance to long it. It is a low cap coin, so HIGHLY risky. Therefore weโll use only a small percentage of our capital.
Entry: Ladder into a spot long trade between $0.00165 - $0.00174
TP1: $0.002 - $0.0021 (21% - 27%)
TP2: $0.002325 - $0.0024 (41% - 45%)
Stop Loss: Just under $0.0016
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Chart #2 - Oasis Network (ROSEUSDT) 8-Hour
Chartist: Kyle
(For the chart screenshot, click here.)
ROSE remains bullish!
It retested its new range low of $0.16 yesterday on the flush. If we can get a 4-hour close breaking above $0.18, we can look for a continuation to $0.21.
Leverage Trade
Entry: After a 4-hour close above $0.18 (Between $0.182 and $0.175
TP1: $0.21 (17%)
TP2: $0.25 (40%)
TP3: $0.3 (65%)
Stoploss: $0.17
Spot Trade
Entry $0.15 to $0.185
Hard Stop under $0.14
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Chart #3 - dYdX (DYDXUSDT) 8-Hour
Chartist: Kyle
(For the chart screenshot, click here.)
With the Dencun upgrade on the cards for today, letโs look towards the ETH ecosystem for potential volatility.
DYDX on the HTF is currently flipping its old resistance into support. Confirmation of the breakout here could lead to a move up to new range highs of $6.80. The reset of the Stoch RSI on the higher timeframes has led to a bullish sentiment.
Entry Zone: $3.8 to $4.2
TP1: $4.5 (15%)
TP2:ย $5.1 (40%)
TP3: $6.9 (75%)
Stop Loss: Price loosing support of $3.6 on the daily
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Chart #4 - Kujira (KUJIUSDT) 8-Hour
Chartist: Sheldon
(For the chart screenshot, click here.)
KUJI has also come down to its next support.
Entry: Ladder into a spot long trade between $3.90 - $4.10
TP1: $4.55 - $4.80 (17% - 23%)
TP2: $5.20 - $5.60 (33% - 44%)
Stop Loss: Just under $3.80
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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 84, and the lowest is 79.
Banterโs Take
Bitcoin continues to push into price discovery with $78k still on the cards for this week. It is also only a matter of time until ETH plays catchup with targets for this bull run currently marked out at $8k to $10k.ย
With the Dencun upgrade expected for later today, could this be the catalyst that finally brings a breakout on the ETH/BTC chart and subsequently moves us towards the next phase of the cycle?
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!