Trading Cardano ADA, Polkadot, Polygon MATIC Network, DOGECOIN, Ethereum and Bitcoin Price Analysis
[Music] This is friday close For the fourth you know i just talked About it was quiet in Global macro markets was pretty quiet in Crypto space Um not a lot’s changed we had a little Bit of a bounce to the bands on some of These alts I’ll go over it this is the dot chart But let me just sit on futures first Monday was a first count of a new cycle And 8.6 for the daily so here we are Two three four five Okay we’ll finish out this next eight Count early part of next week You know we can’t get above the 40 000 Pivot i did talk about If you wanted to hedge or you wanted to Make some sales Yesterday was a spot to do it we failed To write a pie and then you had a chance To You know we basically sold off for 500 points from there so we’ll see what This next Eight count brings us i still we’ll just See i mean we’re Gonna retest these lows in front of 30 000 good chance maybe we skirt along the 200 and take off Still think the risk is of the downside That we complete a full pie Cycle but if we get above 40 and we can
Kind of gain some traction and there’s Room for a bounce maybe back to 50 or The underside of kind of where we broke Down from that 47 000 level so that’s all i really care About big picture Oh let’s look at ethereum so we’re on a Four Count there you can see ethereum still Didn’t never broke the ban so i’m still Making higher lows it’s been out from Outperforming and i would say the pivot There guys is 3 000. you get above there And that probably would have to coincide With bitcoin getting above 40. but then There’s room to go back Like this i don’t really have resistance Till 3 600 which is The lows from right in here that would Be the next resistance these Highs so heath looks good if he bought Well Yesterday was a day to maybe take a Little bit because there is this pivot Like i said in front of 3000 Um cycle come up a little bit more in The daily but still a better buyer Overall let’s just hit on some of these Alts cordano it had good bounce Pretty good take there 180 i guess the Market traded back down to 160 i’ll get Back involved down here Closer to 140. doge Um kind of like this swingline setup
That developed I think we talked about this earlier in The week but that out was enough for a Bit of a pop So you’re still making higher lows here We’ll see if he holds the bands Um this chart actually alongside of Some of the other alts they all have Kind of broken the dough just Hung in there like you see here on like Polka dot you You broke the bands and it’s just a Different like even the color coding When the bands break here on this chart That i have up This is what a lot of the alts look like Broke support You had that big bearish wall we talked About now you have to you have to just Contend and deal with all this from the From the bears and all this resistance So the bands is a big spot right there But then contrary to that would be Something like matic And you could see still bands are green Right in line with tms making higher Lows Which was probably the one of the only Ideas i have today that maybe i would Add back to guys Be a buyer here there was pretty good Support or I mean not definitely a buyer in front Of the buck you get back here towards 1
120 i’m going to get heavier but i kind Of i’m going to nibble on some here Into the into the clothes i did doge Monero Nice hold up high and then again you Rally back to the bands And then it struggles so i would let This daily cycle come back down and get Involved Deeper with the with the cycle probably Later in the week See if you can come back in a little bit More on the narrow Finance very similar nice buys and then You’re supposed to be taken here into The bands You bought 240 i mean pulling out 200 Points already And again the daily cycle is high so i Wouldn’t be surprised if we make a lower High and then we got to do some back and Field back towards Some of these lows from a couple weeks Ago and then that would line up with the Daily cycle coming back in Yeah so the daily cycle even on the cash Coin chart And come back in over the weekend i Think that does it guys i’m gonna i’m Gonna wrap up a couple other things have A great Weekend uh hopefully the volatility Really came in this week So i hope we’re not into the summer
Doldrums already but the trading is Really Really pretty sluggish today so today And all week so hopefully It’ll picks up into next week but have a Good weekend You