Overview
Chart #1 - COTI (COTIUSDT) 8-Hour
Chart #2 - Injective (INJUSDT) Daily
Chart #3 - Toncoin (TONUSDT) 8-Hour
Chart #4 - Avalanche (AVAXUSDT) 8-Hour
Chart #5 - Fear and Greed Index
Chart #1 - COTI (COTIUSDT) 8-Hour
Chartist: Sheldon
(For the chart screenshot, click here.)
As with a lot of altcoins, COTI has also started to retrace, and will provide us with an opportunity to enter into a spot long trade once it finds support.
Entry: Ladder into a long spot trade in the $0.17 - $0.19 area of support.
TP1: $0.25 - $0.28 (47% - 65%)
TP2: $0.31 - $0.34 (82% - 100%)
Stop Loss: Just below $0.16
Sign-up and trade on Bybit today.
Exclusive $30,000 deposit rewards and bonuses up for grabs!
Chart #2 - Injective (INJUSDT) Daily
Chartist: Kyle
(For the chart screenshot, click here.)
After a major correction, INJ has reversed and now needs to hold above $37.80 if it intents to continue upwards.
If it fails to hold the next support is at $35.00.
Entry: $37.80 - $38.80
TP 1:ย $44.50
TP 2:ย $52.00
SL:ย $34.00
Claim your Bitget sign-up bonuses here (details below).
Outsmart 99% Of The Market!
Get full access into our Discord And Telegram group, where you'll find all of our premium content!
๐ Trade Signals!
๐ Trade Set-Ups!
๐ Trading Challenges!
๐ Education!
๐ SO MUCH MORE!
Chart #3 - Toncoin (TONUSDT) 8-Hour
Chartist: Kyle
(For the chart screenshot, click here.)
TON has been on the move since the end of February having created a new All-Time High.
Currently, itโs cruising at $4.88 and has possibly found local support.ย If it holds here, the next target is the ATH at $6.61 (according to my chart via Coinex). In the event the correction continues, the next major support is at $3.70.
Entry:ย $4.88 - $5.00
TP:ย $6.385
Stop Loss:ย $4.73
Claim your Bitget sign-up bonuses here (details below).
Chart #4 - Avalanche (AVAXUSDT) 8-Hour
Chartist: Sheldon
(For the chart screenshot, click here.)
BTC is at resistance, and so are a lot of the altcoins.
AVAX has been very bullish over the last couple of weeks, and a retracement to the next area of support will allow us to enter a long.
Entry: Ladder into a long spot trade between $50.00 - $54.00
TP1: $65.00 - $70.00 (30% - 40%)
TP2: At around $100 (100%)
Stop Loss: Just below $48.00
Claim your Bitget sign-up bonuses here (details below).
Chart #5 - Fear and Greed Index
The Fear and Greed Index is sitting at 83 today, indicating Extreme Greed.
The highest the index has been over the past seven days is 83, and the lowest is 73.
Banterโs Take
Bitcoin today remains above $69,100 and is currently attempting to reach the $70,100 level. If it holds, there is a high possibility it will soon target the recent all-time high of $73,757. To consider a downward move, it must fall below $69,000 and aim for $67,000.
Its market cap rebounded from $1.2 trillion after the sell-off and is currently nearing $1.4 trillion - a level it previously held.
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!