BINANCE:ETHUSD
Orange dotted - positive change in long term trending
Blue solid line - best case short term bull trend
Short Term Bull (60 day)
+ US Regulatory change of sentiment
+ ETH approved but not yet trading
+ Underpriced to other cryptos in last 90 day
+ 20% past climb on approval is relatively small
Mid Term neutral (60-180 day)
- Greyscale...
Fuelled by the underlying blockchain Solana, leading the alt cycle for the 2024 crypto bull run, Sol is tipped as the retail choice. Jup is the number one dex and also perps platform, and after a textbook airdrop sell off is in price discovery. Expecting high, even higher.
ordiswap has a 16M marketcap, and is struggling to breakout. yet the technology which represents an AMM on bitcoin L1 could revolutionise defi. Ordiswap is poised to be central to any developments in bitcoin defi as it fires on a number of innovations from launchpad, amm to stable coins and staking. risk reward makes this a high conviction play.
quick is the principal amm (uniswap fork) for polygon (previously matic - an l2 ethereuem chain).
considering the recent interest in BSC (l2 chain) and the popularity of its principal amm (pancake swap), matic and quick are starting to draw attention. of particular interest should be the ratio of an amm token marketcap to its underlying blockchain marketcap -...
YFI has yet to regain its ATH against ETH. YFI is the powerhouse of the defi ecosystem, yet has underperformed compared to AAVE or UNI. As both ETH and YFI enter a bull-run caused by defi, YFI will outperform ETH which itself will enter parabolic new highs. Expect long term value-creation.
Recent gains will be built on further as accumulation line diverges from short term price suggesting the start of a longer cycle with higher local tops
Strong support at bottom of range and parabolic breakout potential at top. Based on emergent view of BTC as moving into new phase of trajectory based price discovery indicating Short term BUY at 7730, SELL at 9700. Model invalidated by fall beyond 6620 or failure to make 10000 by November.
