Avalanche got rejected by the upper trend-line. The trend is your friend! I expect more downside if we don´t get above $100 significantly (New higher high). First target to the downside $60!
If we don't hold the long-term support by $43k, more downside is likely to play out! Above $53k I turn more bullish! As I have previously mentioned we are also highly correlated to the US-stock market! Be cautious!
Cardano (ADA) long-term support by $1 need to hold!
If the S&P 500 further continues to the downside, my next price target would be the 0.5 Fib retracement by 3500 USD! Always put some money aside for good buying opportunities!
Solana back to 130 USD and then more downside incoming?
Cardano (ADA) 1st target is by around $1.6 and a higher high need to be made! 2nd target to the upside is by around $2.4 which is also in line with Fib.retracement 0.65! Level around 1 USD is strong but also need to hold! Due to plenty of macro factors I am patient and have cash aside!
As I have previously posted I will not take big investments into altcoins and have money aside! 1st support for Polkadot (DOT) is the Fib. retracement 0.786 by $14 which could be a good area for a pull-back trade. Personally I will accumulate by around $5! Not financial advice!
Currently I will not take big investments into altcoins and have money aside! 1st support for Arweave (AR) is the Fib. retracement 0.786 by $21 which could be a good area for a pull-back trade. Personally I will accumulate by around $6! Not financial advice!
Solana (SOL) Next support Fib. retracement 0.786 by $73
Etherum (ETH) next support areas by 2000 USD as well as by 1300 USD. We are heavily dependent on the US stock market.
BTC support between $30 - $33k (Golden pocket)? Let us be patient and also consider macro factors! Refer to my previous post!
From my point of view the further crypto market development is heavily dependent on macro factor s such as: - Federal Reserve's decision to hike interest rates in the upcoming months to curtail the rising inflation in the country - Stability of the US stock-market which is heavily correlated to the crypto market - Leverage portions within the market: According...
S&P 500 need to hold the 200-day MA! I also don't want to see lower lows! Watch out for possible support levels!
0.618 and 0.65 Fib. retracement got hit! Optimal pullback trades take place here. This region is also called the golden pocket! Nevertheless we are heavily dependent on the overall market conditions! Watch for support areas!
Polkadot (DOT) need to hold the support by around $23 which is also in line with previous support.
ADA retest previous support by around $1.30 and then continuation to the upside? Sundae-swap/ DEFI is approaching! Long-term support by around $1 for Cardano!
Solana is for me the best layer one solution at the moment! Next support is the Fib. retracement 0.65 by $105!
Raydium below $5.5! Support by $3.5 but trend is then already gone! Nevertheless RAY is a top-pick if you want to doller cost average into the Solana ecosystem!