Simple support than resistance
Not point holding alt if they are not performing better than ETH. So if you are late on the LINK spaceship this might be a good entry point.
ETH will possibly trade in the channel as described in the orange line.
If it breaks down from the channel and the 20MA, white lines will act as strong support.
Just a little example how just by identifying patterns you can know where are the best entries in this short term bubbles and when to reduce your exposure.
AMPL Failed twice to break above of the descending triangle but showed strong support making higher lows. A Big decision is coming maximum in 2 days.
Will it finally manage break above this time?
WATCH AMPL MARKET CAP HERE
charts . cointrader .pro /charts.html?coin=AMPLEFORTH%3AMARKETCAP
Lets put it simple. Kava failed to break 4.5 level - we will likely retest lower resistances
TP 3.7 level
SL 4.2 level
This one is a quick one.
personally, I am still bullish longterm but decided to short since I had margin positions still opened from lower levels.
Kava has been moving fast, make corrections opportunities.
Depending on what bitcoin does we will be back on the path to see new ATH, making preview resistances support on the way.
Ps: Announcements coming in the end of the month.
+
ideia for swing trades opportunities on the MKRBTC/KAVABTC Ratio
Very simple. TD sequential 9 indicates downtrend exhaustion.
BTC could still break bellow this level which would bring it to previous support, this would prove wrong the theory that bitcoin is repeating its price movement when it was between 9k and 10k. Watch for the 11150 level if you hold altcoins.
don't focus so much on the short term. relax! ;)
We are in a ascending channel on kavabtc/mkrbtc ratio. if kava keeps on the pace it is right now, kava will grow in price around 80% against Makerdao in a matter of days.
Its taking less and less time for kava to make moves up. This means at least 7$ kava in a week or less.
Parabolic moves coming for kava even before coinbase listing?
