๐๐ TWO Alt Trades for MASSIVE Profits! Don't Be Late!
PLUS: BTC to $52,000 and ETH to $2,900?
Overview
Chart #1 - Kujira (KUJIUSDT) 12-Hour
Chart #2 - Akash Network (AKTUSDT) 12-Hour
Chart #3 - Maverick Protocol (MAVUSDT) 12-Hour
Chart #4 - Solana (SOLUSDT) 12-Hour
Chart #5 - Fear and Greed Index
Chart #1 - Kujira (KUJIUSDT) 12-Hour
Chartist: Sheldon
(For the chart screenshot, click here.)
KUJI is currently trading in the $3.35 - $3.50 support area.
If the price breaks above the $3.50 top of this range, I plan to enter a spot long trade.
The goal is to take profit at the next resistance levels, around $4.00 - $4.25, followed by $5.00 - $5.25.
I will set a larger stop loss just below $3.00.
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Chart #2 - Akash Network (AKTUSDT) 12-Hour
Chartist: Kyle
(For the chart screenshot, click here.)
AKT has pushed away as we charted previously and is approaching with momentum an area suspected to act as resistance at $3.78.
Monitor the 12-hour timeframe and, with the help of the Stochastic RSI and RSI, take action once you identify reversal patterns.
Donโt FOMO in; waiting for a correction to test any local support will provide the next opportunity.
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Chart #3 - Maverick Protocol (MAVUSDT) 12-Hour
Chartist: Kyle
(For the chart screenshot, click here.)
MAV is currently bouncing off the support at $0.60, with its Stochastic RSI printing a cross up!
To maintain momentum, it needs to clear and stay above $0.6464.
Bulls pushing Bitcoin above $50,000 is providing extra momentum for alts. A drop below $0.57 would mark this trade as invalid.
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Chart #4 - Solana (SOLUSDT) 12-Hour
Chartist: Sheldon
(For the chart screenshot, click here.)
SOL is within the $115.00 - $122.00 resistance range.
If it gets rejected here and retraces to the $95.00 - $105.00 support area and holds, I will consider entering a trade.
My strategy would be to take profit at the next major resistance area of $140 - $150, with a stop loss set just below $87.00.
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Chart #5 - Fear and Greed Index
The Fear and Greed Index is sitting at 74 today, indicating Greed.
The highest the index has been over the past seven days is 79, and the lowest is 66.
Banterโs Take
After the CPI meeting, the DXY jumped up almost by 1% which contributed to Bitcoin dipping.
It didn't take long for Bitcoin not only to reclaim its level but also to clear and stay above $50,330. There is a high possibility that Bitcoin will push even more into the $52,000 area.
At the same time, Ethereum is pushing way above $2,500 and heading to the next resistance at $2,900. Altcoins like VET, ICP, RUNE, SOL, PYTH will react as well to this up move.
Stay safe my friends!
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