Overview
Chart #1 - Coti (COTIUSDT) 8-Hour
Chart #2 - Filecoin (FILUSDT) Daily
Chart #3 - Decimated (DIOUSDT) 12-Hour
Chart #4 - Theta Network (THETAUSDT) 8-Hour
Chart #5 - Fear and Greed Index
Chart #1 - COTI (COTIUSDT) 8-Hour
Chartist: Sheldon
(For the chart screenshot, click here.)
Last night we saw the market find support and start to move higher. It looks like the low is in, and itβs time to find long trades. I am looking at COTI which is currently on support.
Entry: Ladder into a spot long trade, between $0.17 - $0.19
Take Profit (TP): Take profit at the next areas of resistance
TP1: Between $0.25 - $0.28 (47% - 65%)
TP2: Between $0.31 - $0.34 (82% - 100%)
Stop Loss: Just below $0.16
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Chart #2 - Filecoin (FILUSDT) Daily
Chartist: Kyle
(For the chart screenshot, click here.)
FIL had a deviation under our support at $8.88, but it reclaimed the level quickly.
From here, we can look to target the next resistance at $11.18, followed by another one at $15.60 giving us a massive 75% move.
The next support levels are at $6.96 and $5.86.
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Chart #3 - Decimated (DIOUSDT) 12-Hour
Chartist: Kyle
(For the chart screenshot, click here.)
DIO recently bounced off its $0.0318 support and has reached an intermediate resistance level at $0.049.
It needs to break through and hold that level before it can head up to the next resistance levels at $0.057, $0.0655 and $0.0853.
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Chart #4 - Theta Network (THETAUSDT) 8-Hour
Chartist: Sheldon
(For the chart screenshot, click here.)
Before the pullback, THETA had been one of the best altcoin movers of the last couple of weeks.
It is currently at support, which gives us a level to enter into a long trade.
Entry: Ladder into a spot long trade, between $2.60 - $2.80
Take Profit (TP): Take profit at the next areas of resistance
TP1: Between $3.25 - $3.50 (25% - 35%)
TP2: Between $4.05 - $4.35 (56% - 67%)
Stop Loss: Just below $2.45
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Chart #5 - Fear and Greed Index
The Fear and Greed Index is sitting at 78 today, indicating Extreme Greed.
The highest the index has been over the past seven days is 83, and the lowest is 74.
Banterβs Take
We had a nice move up after the FOMC meeting yesterday, as Bitcoin tackled the imbalance at $60,500. The TOTAL1 and TOTAL2 increased too, assuring us the move is legit and backed by volume.
Currently near $67,000, if it holds, we may see it target $69,000.
Stay safe my friends!
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