📈📉 These Are The Altcoins I Am Buying RIGHT NOW!
CAUTION: Not All Alts Will Perform The Same!
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Hey everybody,
In the past week, the total crypto market surged as Bitcoin rallied to a new all-time high of $123,000. Over the last day, BTC has pulled back while the broader altcoin market—led by majors like Ethereum—has held up, driving Bitcoin Dominance lower.
There’s a good chance BTC will dip further to fill the CME gap from this past weekend, that sits around $114,200. Once BTC finds support and stabilizes, I expect the altcoins to resume their uptrend, further eroding Bitcoin Dominance as capital rotates into the alts.
The real opportunity lies in altcoins now: pullbacks will offer trade entries, but it’s crucial to pick the right ones, since not all altcoins move in unison. I’ll show you which ones I picked…
Let’s go!
Overview
Chart #1 - XRP (XRPUSDT) 1-Day
Chart #2 - Crypto Total Market Cap Excluding BTC and ETH (TOTAL3) 1-Day
Chart #3 - Cardano (ADAUSDT) 1-Day
Chart #4 - Chainlink (LINKUSDT) 1-Day
Chart #5 - Avalanche (AVAXUSDT) 1-Day
Chart #6 - Brent Crude Oil (BZ=F) 1-Day
Chart #1 - XRP (XRPUSDT) 1-Day
Chartist: Sheldon
(For the chart screenshot, click here.)
Over the past week, there has been a tremendous run in many of the top altcoins, some of which have now reached resistance. XRP has hit a key resistance level and I’m waiting for a pullback to enter a trade.
Entry: Long spot trade at $2.60 - $2.75
Take Profit (TP):
TP1: $3.00 - $3.20 (15% - 23%)
TP2: $3.40 - $3.60 (31% - 38%)
Stop Loss: Just below $2.40
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Chart #2 - Crypto Total Market Cap Excluding BTC and ETH (TOTAL3) 1-Day
Chartist: Sheldon
(For the chart screenshot, click here.)
The TOTAL3 gives a clear overview of the general altcoin market’s performance.
After this week’s rally, TOTAL3 has reached strong resistance at $950 billion. If it rejects here, I’m looking for a retrace to the next support around $896 billion, then $850 billion. Such a retrace would present an opportunity to enter altcoins at lower levels.
If $950 billion breaks, the next resistance is $1 trillion, implying further upside for altcoins.
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Chart #3 - Cardano (ADAUSDT) 1-Day
Chartist: Sheldon
(For the chart screenshot, click here.)
The price of ADA is currently at resistance, so I’m looking for a possible rejection at this level and a retrace to the next support, where I will enter a trade.
Entry: Long spot position at ~$0.66
Take Profit (TP):
TP1: $0.80 - $0.85 (21% - 29%)
TP2: $0.98 - $1.14 (48%- 73%)
Stop Loss: Just below $0.5850
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Chart #4 - Chainlink (LINKUSDT) 1-Day
Chartist: Sheldon
(For the chart screenshot, click here.)
The price of LINK is currently at resistance, so I am looking for a retracement to enter a long spot trade.
Entry: Long spot trade at ~$15.00
Take Profit (TP):
TP1: $17.00 - $18.00 (13% - 20%)
TP2: $19.50 - $20.50 (30% - 37%)
Stop Loss: Just below $13.50
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Chart #5 - Avalanche (AVAXUSDT) 1-Day
Chartist: Sheldon
(For the chart screenshot, click here.)
The price of AVAX is also currently testing a major resistance level. I’m expecting a possible retrace to the next level of support here as well, providing an opportunity to enter a long swing position.
Entry: Long swing position at the support retest level at ~$20.45
Take Profit (TP):
TP1: $22.50 – $26.00 (10% - 27%)
TP2: $29.60 - $33.00 (45% - 61%)
Stop Loss: Just below $18.50
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Chart #6 - Brent Crude Oil (BZ=F) 1-Day
Chartist: Sheldon
(For the chart screenshot, click here.)
The price of BZ=F is currently on support, presenting an opportunity to enter a long spot trade.
Entry: $69.50
TP1: $73.50 - $75.80 (6% - 9%)
TP2: $79.00 - $83.00 (14% - 19%)
Stop Loss: Just below $67.00
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Mainly shit coins.... wheres Sol Sui Tao?