ZenTradesRW

ZenTradesRW

NEAR has been an L1 laggard, but showing relative strength off the recent low. Could play catch-up over the next few weeks towards ATHs

ZenTradesRW

Bitcoin putting in a brief consolidation prior to price discovery like 2020. The past cycle saw a 3x of prior cycle ATHs, which would put the price of Bitcoin near $200K. If we have a more parabolic rip like 2017, then we go much higher. Either way, strap in.

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Broke out of it's ICO base in February which led to a 4x run. Consolidating via flag and looks ready to go for next leg higher. Altman & Draper are backers

ZenTradesRW

SHIB is max coiled and looks just bout ready for round 2. Measured move would be to the ATHs

ZenTradesRW Updated 

SUI developing a cup w/ handle which appears to be coming to an end, and showing relative strength on this pullback as well. VCs favorite, probably push this to ATHs shortly

ZenTradesRW Updated 

INJ putting in a textbook 10 week base with a very similar shakeout to December. Given how long the base is and the craziness in other parts of the market, I think we head over $100

ZenTradesRW

SUI looks ready for those ATHs. Retesting support and bouncing atm. Bunch of reputable VCs behind this one

ZenTradesRW

INJ getting very tight and looks ready to attempt a breakout. If so, this would be the 5th wave of this major leg. PT = $100

ZenTradesRW

INJ forming a nice base above prior ATHs. Tightening up with volume declining. Getting very quiet on the right side of this base, which is exactly what the bulls want to see. Similar to SEI, think that has the potential for a fifth wave, "blow off the top" kind of move.

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Sei has been one of the strongest coins out there and just put in a classic double bottom undercut. Volume declining in the base with RSI reset. Think this has the potential to put in a fifth and final wave

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Think we've just established the high and low of the multi-month range for Bitcoin. Expecting sideways price action into the Bitcoin Halving, which is slated for mid-April at the moment.

ZenTradesRW Updated 

Another high tight flag for INJ in the making, using the 20 EMA as further support with sell pressure subsiding. Typically get three legs up in the Elliot Wave sequence as well. Time for the "blow off the top" move over the coming week on Bitcoin ETF approvals.

ZenTradesRW Updated 

Injective just entered price discovery on huge breakout volume. Ideally we get another 1-2 week base just above the prior ATHs, which would act as another launchpad to FOMO inducing prices...just in time for a "sell the news" on the Bitcoin ETF deadline (Jan 10). Anyone's guess, but just for fun, thinking we spike to $75

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SOL had a huge run and looks very similar to ETH 2019. Think we're topping out around here and about to start a multi-month correction as the Bitcoin ETF deadline approaches (Jan 10).

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Bitcoin building out an ascending triangle base into the New Year. Given the BTC ETFs deadline is Jan 10, think we're in for a "blow off the top" move into early January. Plenty of room on RSI for a big move that induces FOMO Likely a multi-month correction & consolidation to follow

ZenTradesRW Updated 

Injective has been building out a 6 month symmetrical triangle base (long-term cup w/ handle). Volume has declined significantly with price tightening up just above the weekly 20 EMA + 30 SMA. As we're heading into a seasonally strong period (Oct-Nov is historically the best performing period for crypto) and the pattern appears to be nearing an end, this could...

ZenTradesRW Updated 

Bitcoin broke out of a 7 month base on huge volume. With everyone calling $40K the local top, I think it pulls back there, bases and squeezes towards $50K. From there, many will be calling for new ATHs, but it'll likely rinse late longs and correct towards lower $30Ks over proceeding months. New ATHs Q3 2024

ZenTradesRW Updated 

Monster move post-breakout. Think we're very close to the top for this leg. Felt pretty heavy today. High volume but price barely moved, which could mean sellers coming back in. The Bitcoin pair poked through ATH and may need a rest as well. RSI on both pairs are very heated. Looking to re-enter in the white box if it gets down there