Updating my analysis from .076 to .30, which was pretty spot on though MYRO moved on a much faster scale than I anticipated. Using the same analysis looking at WIF, which Myro has always followed closely behind and is on the same blockchain of Solana, we can expect similar movement now that it has broken out from it's previous peak ATH of .26, made a new ATH and moving into price discovery.
Recently MYRO tested a new ATH of .448, which is currently having a healthy consolidation around .37, possibly a bit lower and likely will range for the weekend. Looking at WIF's trend history (which again played out almost to the T when MYRO began it's breakout at .076), we should expect another swift and fast climb for MYRO very soon in the coming days. Once MYRO moves above .40 and passes it's new ATH we should be set to begin this pattern. Again the time frame could be faster or slower than charted, but I would expect it to move quite similar to how WIF did over two weeks ago.
After we reach pass $1 and hold we'll have to see where the market is and if meme coin sentiment is still holding strong. At the moment it does not look to be cooling off as more exchanges continue listing futures, and we will have spot listings rise soon too - the big parabolic moves will come with spot listings from Coinbase, Binance, OKX and Robinhood. If this meme coin super cycle continues we could see events similar to the booms of DOGE, SHIB and PEPE in previous bull runs, which will see growth across all newly established and old meme coins.
I would say anywhere around the .3, even the .4 range is a still a strong entry point for a spot long. I would say if you're planning on trading with leverage to have your stops carefully placed. As we've seen before there can be swift flushes that get bought up as quickly as they dropped, so also be wary of trying to time these pivot points since they can be much briefer than charted.
Let's see how this goes and hope to be taking more profit at $1.
Good luck!
Recently MYRO tested a new ATH of .448, which is currently having a healthy consolidation around .37, possibly a bit lower and likely will range for the weekend. Looking at WIF's trend history (which again played out almost to the T when MYRO began it's breakout at .076), we should expect another swift and fast climb for MYRO very soon in the coming days. Once MYRO moves above .40 and passes it's new ATH we should be set to begin this pattern. Again the time frame could be faster or slower than charted, but I would expect it to move quite similar to how WIF did over two weeks ago.
After we reach pass $1 and hold we'll have to see where the market is and if meme coin sentiment is still holding strong. At the moment it does not look to be cooling off as more exchanges continue listing futures, and we will have spot listings rise soon too - the big parabolic moves will come with spot listings from Coinbase, Binance, OKX and Robinhood. If this meme coin super cycle continues we could see events similar to the booms of DOGE, SHIB and PEPE in previous bull runs, which will see growth across all newly established and old meme coins.
I would say anywhere around the .3, even the .4 range is a still a strong entry point for a spot long. I would say if you're planning on trading with leverage to have your stops carefully placed. As we've seen before there can be swift flushes that get bought up as quickly as they dropped, so also be wary of trying to time these pivot points since they can be much briefer than charted.
Let's see how this goes and hope to be taking more profit at $1.
Good luck!
Comment:
Looks like we're having a slight dip before the next move. I wouldn't be surprised if we test .29 support and then a fast move up, Myro loves a little shake out of the leverage.
Comment:
Markets are waiting for CPI data to come out at 8:30 EST, and it seems today's dips across the board could be pricing in expectations that it will be a bit high and any interest rate cuts from the Fed will be delayed further. This means a bit of a delay on any pumps for crypto, but I think that any dip coming will get bought up fast and we'll see the next leg up start - last time data came out on February 13th there was a similar scenario and Myro climbed from around .06 to just above .11 in two days, which if this repeats then this could be the start of big move.
While this chart's timeframe is off, I still think when it does breakout it's trajectory will be similar. Good luck!
While this chart's timeframe is off, I still think when it does breakout it's trajectory will be similar. Good luck!
Comment:
Still ranging, holding nicely above .29 - WIF is moving now, so I'd expect MYRO to move once WIF cools off. If MYRO clears .44 and holds then the target should be .6 before the next consolidation - adjusting for time frame, trajectory should still hold up nicely.
Comment:
Huge move by WIF, MYRO is starting to follow - hope you got your spot longs in on the multiple chances while it tested .30 because it is starting it's next leg up. Should be a big day, good luck!
Comment:
As expected we have a flush of BTC and across the board for crypto that has been happening around 14:00 UTC, the downslide starting around 13:00 - small fish panic and sell, which quickly gets bought up. MYRO didn't flush much and showing very bullish signs, so I'm expecting we clear .50 easily in a day, likely touching .60 and the faster this happens the more we'll see multiples happen just like with WIF when it was at this price point.
Comment:
Lots of volatility as there was another flush several hours ago from BTC and across the market. The good news for MYRO is that on the weekly time frame the trajectory is solid and it has established a higher low at .34. And as SOL keeps rising this means more liquidity will flow across the chain when it takes a breather.
While it is a bit frustrating watching it range and having multiple rejections from .42 and ATH of .44, this is to be expected and until MYRO clears .44 and holds it - that's the point we should expect it to mirror WIF's rapid rise above $1. Until then the best thing to do is sit back and wait, don't get caught up in these wild leverage swings.
While it is a bit frustrating watching it range and having multiple rejections from .42 and ATH of .44, this is to be expected and until MYRO clears .44 and holds it - that's the point we should expect it to mirror WIF's rapid rise above $1. Until then the best thing to do is sit back and wait, don't get caught up in these wild leverage swings.
Comment:
Dumps continue across the board and BTC could easily reach $64k. MYRO has tested .28-.29 support and as long as it holds .28, it shouldn't dip lower. End of the day the same advice applies in these scenarios, sit on your hands and don't make any moves as folks with leverage get wrecked. Once this passes we should see the path cleared for a healthy move up.
Comment:
Lots of chop continues across the board, with drops and then things running back, and then down again following BTC's moves as we get closer to the halving. We also have a lot of people chasing newly minted meme coins and jumping into presales and getting screwed, so there's a lot of liquidity that's missing established meme coins, and crypto. For Myro I'm just sitting on my hands - on the macro it still looks great, and it's doing what WIF and almost every other coin is doing. So once BTC stabilizes from the current correction and starts running back up, we'll see Myro follow Wif and make a large move as well. Patience is key. Good luck!
Comment:
BTC continues to slowly slide, though it's a shallow correction and seems to be bottoming - likely a bounce at $62k. The great news is that even as BTC has slid further, Myro is now ranging and .20 has held as solid support. Taking that into consideration and considering the total correction from the ATH of .44, this is looking like a great entry point for those that would like to buy the dip, or if you'd like to add more to your position. There's of course always risk entering at this point, and I would advise against doing anything with leverage as we're still not out of the woods, but for a spot entry it is worth the risk for me personally.
Good luck and remember we're still very early in this bull run and the halving is about 3 weeks away!
Good luck and remember we're still very early in this bull run and the halving is about 3 weeks away!
Comment:
FOMC today at 14:30 EST, with that BTC should reach the bottom if we haven't already - possibility of testing near 60k one more time. Myro doing what one would expect, holding support and if we do one more dip we can see .19-.18 will be the bottom if this isn't in already. Personally .20 was a great re-entry for me, taking some of my profits from .41 and putting 1/3 back, DCA in case we dip a tad lower.
On the Macro MYRO is still looking good and if we compare to WIF's historical data we see that it had three big breaks over .4 and then retraced to .20 the first time, .17 the second time and .28 the third. This is normal for a meme coin and is part of the process of shaking out those that bought in extremely early, paper hands etc. So in general 50%-60% retracement from ATH is the max and a fantastic buying point. I expect after today or EOD tomorrow this will start moving back up and testing another ATH within the coming weeks. But again, that will all depend on once BTC bottoms and turns around.
Hang tight and good luck!
On the Macro MYRO is still looking good and if we compare to WIF's historical data we see that it had three big breaks over .4 and then retraced to .20 the first time, .17 the second time and .28 the third. This is normal for a meme coin and is part of the process of shaking out those that bought in extremely early, paper hands etc. So in general 50%-60% retracement from ATH is the max and a fantastic buying point. I expect after today or EOD tomorrow this will start moving back up and testing another ATH within the coming weeks. But again, that will all depend on once BTC bottoms and turns around.
Hang tight and good luck!
Comment:
I'm updating analysis and trend lines in a new post since the BTC dip consolidation has reset some things - keep an eye out for it, I'll post here in 20 minutes. Things are looking good, just a change to time frame and some pivot points in my opinion.
Comment:
Myro moving up to establishing new levels of support and higher lows as BTC continues to range and consolidate. Once BTC makes a new ATH and is clear this pre-halving angst has passed Myro should start a strong move towards .60 (raising this target since Myro is consolidating above .25 instead of .20 now).
For now continuing with the same strategy of sitting back and relaxing, waiting out this chop until the halving, or perhaps a bit sooner. Overall looking solid!
For now continuing with the same strategy of sitting back and relaxing, waiting out this chop until the halving, or perhaps a bit sooner. Overall looking solid!
Comment:
Again a dip across the board following BTC, this chop will likely continue until the halving - I look at these as great buying opportunities, especially for Myro around .25, possibly .20 again if BTC also tests it's higher low around 62k.
Strategy stays the same, sit on hands, relax and stick with spot, avoid leverage trades with this chop cause by now it should be clear these dips can rip right back up and wreck ya, or vice versa. If you've entered at a higher point and aren't over leveraged then I'd say hang on and be patient, we saw from Sunday that when BTC climbs, Myro runs. Though I entered at .03 and .05, so it's much easier to say from my point - remember to always have stop losses in place and also don't put in whatever you're not ok losing.
End of the day patience is key on this, but it will keep paying off. Once we're clear of the pre-halving angst and Myro reaches a new ATH then I think we will see the above pattern play out similar to how it did with WIF on its first run above $1.
Strategy stays the same, sit on hands, relax and stick with spot, avoid leverage trades with this chop cause by now it should be clear these dips can rip right back up and wreck ya, or vice versa. If you've entered at a higher point and aren't over leveraged then I'd say hang on and be patient, we saw from Sunday that when BTC climbs, Myro runs. Though I entered at .03 and .05, so it's much easier to say from my point - remember to always have stop losses in place and also don't put in whatever you're not ok losing.
End of the day patience is key on this, but it will keep paying off. Once we're clear of the pre-halving angst and Myro reaches a new ATH then I think we will see the above pattern play out similar to how it did with WIF on its first run above $1.
Comment:
Haven't been posting much cause the market has been pretty boring and choppy. But the thesis still remains the same on Myro and still looking very strong on macro trend, this is why for meme coins spot trades are best and much less stressful because you can wait out these long consolidation periods. Now is a great Myro is in a great supply zone, looking to buy more if this second wave brings us down to .12 before moving to a large wave 3, which should end up around .80 or higher.
We've finally cleared the bitcoin pre-halving jitters/fears of a massive correction, but then all markets were hit by geopolitics with fear of a possible wider war between Israel and Iran, which those fears seem to have subsided now and markets should be bouncing back. Also you have another U.S. regional bank failing which means there will be more quantitive easing measures i.e. money printing, which is very bullish for crypto.
I see btc continuing to range and chop and alts take the stage to have big moves in the coming weeks, which Myro will follow Bonk and Wif as liquidity will flow down to Myro, and then if Myro does have a powerful wave 3, the thesis that it will follow a similar violent move up like WIF did definitely seems like a possibility if the timing is right and that surge catches more new buyers. Overall there are still big spot listings to come for Myro - coinbase, Binance and Robinhood would bring in retail folks, and that's where parabolic moves can happen. I would say we're still months away from that, likely around September if we look at previous cycles.
For now I'm continuing to hold, will buy more if it dips to .12, otherwise I'm not looking at charts much and just waiting until the next big wave to start taking healthy profits.
Good luck!
We've finally cleared the bitcoin pre-halving jitters/fears of a massive correction, but then all markets were hit by geopolitics with fear of a possible wider war between Israel and Iran, which those fears seem to have subsided now and markets should be bouncing back. Also you have another U.S. regional bank failing which means there will be more quantitive easing measures i.e. money printing, which is very bullish for crypto.
I see btc continuing to range and chop and alts take the stage to have big moves in the coming weeks, which Myro will follow Bonk and Wif as liquidity will flow down to Myro, and then if Myro does have a powerful wave 3, the thesis that it will follow a similar violent move up like WIF did definitely seems like a possibility if the timing is right and that surge catches more new buyers. Overall there are still big spot listings to come for Myro - coinbase, Binance and Robinhood would bring in retail folks, and that's where parabolic moves can happen. I would say we're still months away from that, likely around September if we look at previous cycles.
For now I'm continuing to hold, will buy more if it dips to .12, otherwise I'm not looking at charts much and just waiting until the next big wave to start taking healthy profits.
Good luck!