Polkadot has been in a descending channel for quite some time now. No bullish action can occur until this channel breaks either up or down. If it breaks down $3.6 is a major support that will probably be bought heavily If we break out and close above $5.75 altcoin season has probably begun. Remember first bitcoin goes up, then big marketcap alts like Ethereum, Solana, XRP, BNB. Next are the medium cap alts like chainlink, LTC, and polkadot. If polkadot is able to release Polkadot 2.0 there could be a a lot of hype and maybe polkadot can reach all time highs but thats only if the altcoin market pumps into 2026 otherwise JAM speculation will hit as the altcoin bear market begins. Exciting price action to come.
$hehe.X $hehe hehe (MARKET CAP $3.19M) entry PT 0.002-ish Next Target PT 0.038 and higher hehehehehehe
reverse head and shoulder pattern formed, next opportunity is coming? we will see...
Good Evening and I hope you are well. comment: Interesting day ahead of us. Selling was strong but bulls retraced 70% of it already. If bears come around again and keep this a lower high below 22230, it would show some strength and we could expect another test of 22000. The daily chart looks much more bullish than bearish. Big tails below bars and all bars closing above their mid-point. We have also touched the bull trend line above the daily 20ema. If anything I have a long bias but due to Opex I tend to lean neutral for tomorrow. current market cycle: trading range key levels: 22000 - 22500 bull case: Another dip another bad follow-through. Bulls buy it all and they have all the arguments on their side. They bought where they had to and we now have a decent two-legged pull-back to the bull trend line. Market is free to melt higher but tomorrow is opex and I fare best when I lean neutral on those days and trade less. Invalidation is below 21900. bear case: Bears can generate enough selling pressure to go down hard but as soon as the momentum is gone, so are the bears and market just reverses. I doubt bears can keep this a lower high and continue inside the bear channel. If they do, a weekly close below 22k would be amazing for them. That is the only target I have for them for tomorrow because I can’t imagine this going below 21900. Above 22200 bears just have to cover and we could accelerate upwards. Invalidation is above 22230. short term: Neutral. No bigger opinion on who wins this tomorrow. Both have reasonable arguments and we are inside the big bull channel and now also inside a bear channel. I wait for strong momentum again. medium-long term - Update from 2024-02-16: Bulls are on their way of making a new ath again. So no bearish thoughts until market character changes dramatically again. I can see this going up to 23000 but not beyond. No bigger opinion on a medium-term outlook for this. trade of the day: Buying 22k. Was close enough to the bull trend line, daily 20ema and bears found no acceptance below it.
So this coin could do what LUNA did or UNI did, BTC has another leg up to 160k+ left during mania I wouldn't be shocked to soo it run to 10-70 dollar area. It has an interesting supply distribution similar to airdrop/faucet/mined coins; first come first serve just like it was with bitcoin, litecoin, and every other crypto currency (not tokens/pos/premine/etc...), the difference was this was free, all you had to do was press a button. It started in 2019 so about 6 years of supply distribution, and only KYC supply can be taken out. Most of the 100B supply isn't verified; so it'll be illiquid and you'll have about 70 million users with free coins with zero incentive to sell because it was free, that is also 70 million marketers. (lol) People saw what BTC did and what LTC did and KASPA, XRP, XLM and soo on. Valuations mean nothing when you have meme scams like TRUMP or TRUMPINU6900 or LUNC or DOGE etc... soo literally seeing 100B valuation due to illiquid and retard hodl mentality is within reach. Compare PI charts to UNI or KASPA or LUNC chart. It may actually behave more like XLM/XRP chart. This is a fresh coin at the beginning of it's price history. In this scam market, shapes of patterns will mimic/copy things of similar character.
I will be selling AUDCAD here as it is showing signs of weakness at the resistance. Price should retrace and fall out of that channel towards the monthly support.
0.58083 is a weekly POI that have been respected before. I'm anticipating price to retest that zone again this week , hence anticipating the news (Existing Home Sales) by 10:00 New York time to push price to my point of interest and rejection kicks in. Therefore this weekly candle might close with a rejection of that zone and next week would be bearish till we clear this week low 0.56779 I'm anticipating price to also clear previous week low (the monthly low) 0.55164 by next month. Kindly boost if you find this insightful ?
Nothing crazy happened today - the opening was cool tho, definitely missed that trade. It would've been a breakeven one btw.
Patiently waiting for signs here as I am expecting a massive bearish move. This market began the month bearish, but recovered. Soon it will continue its journey down. Once price crosses 1,7920, sell hard.
My favourite stock at this moment eventhough i hate the company, but as I say if you search for moral dont search it in the stock market. The stock is very undervalued and got punished quite a long time but chances are good for an extreme Bullrun the next years.