We finally see some volume enter the market and BTC has gone up to the $42K zone. Ran put his neck out by claiming we’ve bottomed at $39K. Watch the Sniper Show from yesterday to stay fully updated.
Looks like there is a lot of interest at the $39K area. If volume holds up we should expect a bounce upward. We saw a higher high on BTC dominance breaking trend and last time it did that we saw a big move up but after that we should see another correction. We saw a great speed and volume increase yesterday which indicates that we are bottoming.
Tomorrow inflation numbers come out. This will have a notable affect on the markets. Ran suggests now is good time to enter the markets and that we are still in the bull run but that that we are entering a bit of a cooldown right now.
On US Tech 100 yesterday we saw a long tailed candle dipping below the support but closing above it again with high volume. US30 showed a bit of pull back but still holding zone with volume breaking above average.
The high timeline RSI’s are all showing us oversold which is a strong indication for an upward move.
Coins Covered
Solana
This coin is looking great and is holding supports. In a good buying zone now.
Kusama
Sitting right in the golden ratio and hitting support which makes this a very good buy. Can expect it to reach $350 zone.
Dot
We saw one impulse wave which usually is followed by another so we can expect some up trend.
Render
Very cheap right now
Cardano
On a straight down for some time which suggests upward movement soon.
Chainlink
Looking strong, if we break $32 we can expect a strong move up
Thorchain
Oversold on the weekly Stochastic RSI, on support right now. Volume also seems to be entering. Sheldons pick for one of the strongest recovery in the next 3 months.
Matic
Looking very good according to Sheldon.
MoonRiver and Link also mentioned as coins that Sheldon wants in on.
