with the current consolidation zone at 57 - 58k on bitcoin we can get a lot of demand for altcoins
After yesterday's squeeze on altcoin's possibly we will get some relief
we have a good trend, it promises to be FOMO. But we have to be careful because the bigger players are holding hands on a double top or on a short shock that could come out of nowhere
After a nice rise around 23%, we are waiting for confirmation of another upward move. We already know that ONT will have a move similar to Algorand by which we are confident that HODL will be a good exit.
A simple growth channel but... With the recent patterns we can expect terrible declines - so don't trust the false youtube messiahs who want to make you believe we have a bull market.... It is not yet this confirmation despite the many tokens that are making increases of 50-100% Stay alert and watch out for the combination of bitcoin falling and dominance...
Stafi during the decision because bitcoin is in an altcoin-sucking state. At the same time, we have a feeling that SHIB's paws are in it
We know after repeatedly observing the market's behavior that the Flaming Blades 🔥 should be included in the possible action framework of a falling wedge formation.... We named it so due to the increase in its behavior and impact on the market • liquidations • price frontrun • confusion You can realize this behavior as a pre-taste of what might happen...
Take a close up on these formations and keep in mind that due to the long FIS consolidation this could be the next price floor!
Stafi has been in a downtrend for quite some time, which has allowed it to break free from the burnt-out indicator states. For today, it expects to exit the falling wedge formation and start a demand zone above the small cup'n'handle This zone should take us to a minimum of $2 at the formation of resistance at fibo 0.382 Feel free to ask a question
wait for an upward breakout of the pattern and then I recommend setting a stop loss at -5%
Entery position zone, check out our previous analysis on ONT long term
A broad look at this arrangement, which I'll touch on roughly soon in a profile. Stay tuned for an update
Keep an eye on Stafi because he's making a quick move...
Update - still same target from cup'n'handle. In case of bitcoin movement we got another correction