Overview
Chart #1 - Avalanche (AVAXUSDT) 12-Hour
Chart #2 - Cosmos Hub (ATOMUSDT) Daily and 12-Hour
Chart #3 - Fantom (FTMUSDT) 8-Hour
Chart #4 - Internet Computer (ICPUSDT) 8-Hour
Chart #5 - Fear and Greed Index
Chart #1 - Avalanche (AVAXUSDT) 12-Hour
Chartist: Sheldon
(For the chart screenshot, click here.)
Yesterday AVAX surged by more than 20%, but then got rejected at around $50.00 and is coming down to retest the break at $45.00.
Entry: Ladder into a spot trade if price comes down to retest the $44.50 - $45.00 area and holds as support.
Take Profit:
TP1: 25% at the $50.00 - $54.00 area of resistance (12% - 21%)
TP2: The balance at the $65.00 - $72.00 area of resistance (46% - 62%)
Stop Loss: Just below $40.00
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Chart #2 Cosmos Hub (ATOMUSDT) Daily and 12-Hour
Chartist: Kyle
(For the chart screenshot, click here.)
(For the chart screenshot, click here.)
ATOM is looking bullish for a continuation to the upside with turning the $12.50 area into support. Holding this area opens up a new range!
Entry: Between $12 - $14
Stop Loss
Soft Stop with a daily close below $12
Hard Stop with price closing below $10
Take Profit (TP)
TP1: $17
TP2: $21 to $22
TP3: $31
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Chart #3 - Fantom (FTMUSDT) 8-Hour
Chartist: Kyle
(For the chart screenshot, click here.)
FTM has broken the $0.6c area of resistance and flipped it into support for trend continuation. Weβll look for any retest of our buy zone in order to gain market exposure and ride it up to $1 (as an initial TP area).Β
Entry: Between $0.63 - $0.75
Take Profit:
TP1: $1
TP2: $1.6
Stop Loss: $0.55
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Chart #4 - Internet Computer (ICPUSDT) 8-Hour
Chartist: Sheldon
(For the chart screenshot, click here.)
The Banter Team is very bullish on ICP for this bull run.
Price has come down a lot over the last two and a half years. Its all-time high was at $2,800 when it launched in May 2021. I donβt think it will revisit that high price in this cycle, but the September 2021 high of $85.00 is a reasonable target.
I am patiently waiting for ICP to come down to my buy area between $11.00 - $12.00 so I can enter a long spot trade.
Entry: Ladder in at the $11.00 - $12.00 area of support.
Take Profit:
TP1: 25% at the $14.00 - $15.75 area of resistance (27% - 43%)
TP2: The remaining balance at the next area of resistance at $22.00 - $23.50 (100% - 114%)
Stop Loss: Just below $10.60
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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 75.
Banterβs Take
Bitcoin is holding strong at $72k, and we are still looking bullish. Will the previous high of $69k now hold as support and flip the previous resistance? The weekly remains bullish and is pushing off into discovery, as previously noted, with a high probability, holding $59k as our key invalidation zone that would indicate BTC is making a move to lower levels.
I previously touched on the funding rates, which are still green, showing there is still a lot of gas left in the tank for more leverage to enter in before we become overheated. Watch at my show today for a more detailed explanation on where I see the market moving next.
Stay safe, my friends!
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