Big jumpstart into the new month as $ETH attempts to push towards 5k.
Current consolidation just above long-term trend average. The indicated blue lines represent the old, short-term lower trend and the (potential) short-term upper trend.
I call this a potential trend as I expect us to eventually flip this into support, thus creating a new short-term trend where this line becomes lower indicator.
The orange zone represents a signal zone; if $ETH falls into this range I'd expect further correction. (~4400).
*** Altcoins ***
- $RMRK went off yesterday (~32 -> 50). I plan to purchase more if it drops under $40. 10M coin supply with only 400M MC. To put this in perspective, $KSM has a 10M supply with 3.5B MC and is currently around $400. This would put $RMRK around $300. I think $150 is very reasonable within the upcoming year.
- Purchased some more $DOGE in an attempt to close out previous orders. I could see a quick push to H4 200EMA (~.235) which may be my exit point.
- Purchased some more $ALGO as I believe we're pushing to $3 soon. $ALGO just received $500M in funding for DeFi and NFT projects and is gaining talk of becoming the new $SOL. It's one of those coins that lost major traction after the initial offering but has slowly been bouncing back due to increased utility. Also Silvio Micali is a boss.
- Coins I'm looking to buy if $ETH dips are: $SC, $CRV, $MOVR and $VET
Current consolidation just above long-term trend average. The indicated blue lines represent the old, short-term lower trend and the (potential) short-term upper trend.
I call this a potential trend as I expect us to eventually flip this into support, thus creating a new short-term trend where this line becomes lower indicator.
The orange zone represents a signal zone; if $ETH falls into this range I'd expect further correction. (~4400).
*** Altcoins ***
- $RMRK went off yesterday (~32 -> 50). I plan to purchase more if it drops under $40. 10M coin supply with only 400M MC. To put this in perspective, $KSM has a 10M supply with 3.5B MC and is currently around $400. This would put $RMRK around $300. I think $150 is very reasonable within the upcoming year.
- Purchased some more $DOGE in an attempt to close out previous orders. I could see a quick push to H4 200EMA (~.235) which may be my exit point.
- Purchased some more $ALGO as I believe we're pushing to $3 soon. $ALGO just received $500M in funding for DeFi and NFT projects and is gaining talk of becoming the new $SOL. It's one of those coins that lost major traction after the initial offering but has slowly been bouncing back due to increased utility. Also Silvio Micali is a boss.
- Coins I'm looking to buy if $ETH dips are: $SC, $CRV, $MOVR and $VET
