Technical Analysis of TOP10 Mentioned Altcoins! Thank You ALL!Hi,
First of all, thank you all for answering/mentioning your favorite coins in the previous idea comment section. It was the tenth survey already and You, yes YOU, made it. The interest and your activity make me happy to do that. Also, I get a lot of good data which are the top coins amongst my followers, and hopefully, it is good for you as well, especially if you are making your first steps into the world of crypto!
Okay, let's go, more than 600 mentioned coins, more than 150 different coins, and here are the top - pointing out some technical possibilities to jump in and some random talks. Take it or leave it ;)
As said previously, it was the tenth episode and ADA has won 7-8 of the times. So, definitely the winner of my survey. Others are in, sometimes they are out of the list but CARDANO has won most of them and has always been in TOP3, so as now...
1) ADA - CARDANO
Quite an interesting correction area. A lot of good criteria match each other inside the shown buying area. Keep an eye on $0.7 - $1.000.
2) SOL - SOLANA
A couple of weeks ago I shared an SOL buying area of around $150. Atm got a quite solid 20% rejection of it and looking bullish. Still, I would like to share an area for current investors who are searching for areas to get involved - if it starts to drop, again, then probably we might see $120-$140. So, be ready for that one ;)
If the current run from $150 continues then be ready to jump in after you have seen a Daily candle close above $200 (as you know obviously wait for a retest). Atm this level is quite important and obviously, the ideal scenario would be a Daily candle close above $200, waiting for a correction around $165 to $190.
3) MATIC - POLYGON
Quite a tough case but as I have said before I share areas that are the highest probability for me. MOSTLY I share areas that would also interest me. Obviously here have been some perma-bulls who have said never ever you see so low prices and etc. Whatever, if I don't see these levels then there are like 1000 coins to choose from, and I would like to be involved from high probability buying areas. I would like that my money starts to work for me as soon or as fast as possible.
So don't be surprised if you see some quite low prices, and do not be surprised if the price doesn't reach there. Be surprised if it reaches and be ready, prepared, and happy for that possibility!!
MATIC-keep-an-eye-on-level: $1.4-$1.8
4) MANA - DECENTRALAND
For me, it needs to come down a bit more to around $2. From there I would like to bite MANA ;) Be ready and prepared, if it happens it happens fast! Set the alerts on!
5) DOT - POLKADOT
The clean, strong, and quite reliable area stays around $14 to $20. So, keep an eye on it! Actually, there is a possible breakout area also, didn't want to draw it but I will tell it - Daily candle close above $32 and wait for a retest of $26-$29
6) ETH - ETHEREUM
ETH has shown its weakness already. For more than a week, it has fought with $4000 and it just cannot break above it. This may be due to the trendline also. It has broken below of that stayed below and now the bearish pressure is definitely on. Considering current price action on BTC and ETH then I would say that there are quite high odds that the price comes down even more. It needs quite a random volume to get out of this bearish pressure but we all know the random volume may come in the world of crypto. Just a simple day, simple hour and we see a heck of a massive candle just from the middle of nowhere. So, the plan should be like this, the pressure is on, both of them BTC & ETH, wait for a lower price, or wait for some breakouts - simply just stay patient atm. Do not predict your future in the middle of nowhere. If you stay patient you will get basically the safest bets. Firstly, if it starts to drop more, you can buy from cheaper prices, secondly - if the random pump comes then you can still jump in after some certain breakouts.
Okay, back to the ETH. The area from lower prices to keep an eye on stays around $3000. Breakout is a bit messy. Hopefully, I can make an update if it happens but two things are certain, it needs (Daily candle) to close above the trendline and strongly above $4000.
7) SHIB - SHIBA INU
I don't like it at all. The coin itself and the price action are just rubbish but it is requested and in the list of top mentioned coins so what should I do. :) Low probability breakout area - wait for a Daily candle close above ...4000, after that wait for a retest of ...3600-...3900. The lower area stays around ...1100-...2000
8) XRP - RIPPLE
Atm after a decent "pump" the price got a rejection from the round number $1.000. Wait for a correction inside the marked box and act there. A bit riskier scenario would be a strong Daily candle close above the $1.000 and take after a retest of $1.000.
9) AVAX - Avalanche
Two possible scenarios from the 4-hour chart. Breakout - wait for a 4h candle close above the shown breakout area, let's say 132 to 135 and wait for a retest of the breakout area.
The correction would guide the price around the round number $100. So, be ready to start building your positions from there.
10) LUNA - TERRA
Yes, quite a wide box but again you can keep an eye on the shown buying zone and you can start building your positions from $75.
Some coins that were barely out of the analysis list
11) SAND
12) VET
13) FTM
14) CRO
15) DOGE
16) LINK
That's it! Hopefully, you found something to think about, I would like to wish you all happy holidays and enjoy the time with your family!
Take care, stay healthy!
Cheers,
Vaido
