Looks like another rejection off of the MA200. Expect lower, though we could break through.
Watch ATOM's interaction with the MA200. I initiated a long on MATIC based on the MA200 yesterday, but with ATOM, there are a lot more fake-outs. I'd like to see ATOM move higher in the coming days and drop down for a retest of it in about a week. I believe BTC will have a correction in the coming days here, so if ATOM can hold the MA200, it will be a strong signal.
Just entered a long MATIC trade. Regaining the MA200 is a big deal, especially with MATIC, and is one of few tokens right now that has a long confirmation.
Still expecting 10-14K, just about a week later than I had had it. I think this 16.8K level will be the highest we will go before 10-14K. Maybe we'll reach 17.2K, but I doubt it.
I'm late on this, but Solana brought through the $12 support a few days ago. Expect it to test 5.50, which could be the bottom.
The 3 Horizontal Levels are the 3 to watch. $65 is the ultimate floor - confluence with the 600 Week Moving Average. Whether we hold $120 or not, I think we are due to get a bounce to the 200 Week Moving Average.
Interesting tests of the MA200 by MATIC. Watch to see which way it'll break, but looking back at the chart, the MA200 is like a magnet.
I don't really see support until around $3.50. DOT just keeps putting in new lows, contrary to the market. Short the relative weakness until it regains the EMA 8 in a substantial way or another MA.
This decision candle (because large upper and lower wick) is leaning bullish (because of the bigger lower wick, think of it like a spring), so a small rally (not significant) could be in store. The EMA 34 seems like a good place for it to stall out, with that being a local high, and starting a decline into the cycle low between 10-14K (orange line is the path)....
18.2 is such a key level. One has to assume a rejection given the amount of data points.