Bitcoin has been adjusting over the weekend, currently finding basic support around 116,000. This bull market clearly shows that 120,000 is not the endpoint for this wave. It is estimated that it will continue to rise in August and September, likely reaching around 150,000. As for ETH, everyone has seen its continuous strength, which is not due to any fundamental changes but rather because of continuous capital inflow from outside. Currently, both Bitcoin and Ethereum are being controlled by outside funds. For retail investors, focusing on the Ethereum ecosystem is a good choice.
With the continuous rise of ETH, altcoins are recovering. Previously, everyone was advised to buy on the dips, and now we are on the path to harvesting. The peak was around September, followed by a pullback, and then a continuous rise to speculate on the year-end market.
MUBARAK
BSC hasn't seen a leading variety rise for a long time. Mubake strongly suggests paying attention. A breakout above 0.051 can be followed without hesitation. A breakout above 0.051 is expected to double! It is currently consolidating in a triangle area, and the consolidation is nearing its end!
CKB
The CKB trend is relatively good, with a secondary pullback in place starting to rebound. The current price is 0.00624, and you can directly enter a long position, placing the stop-loss at 0.0057! The profit target above is 0.0072!
PUMP
PUMP has seen a bottom signal. After a bull market with three days of selling, it found a bottom yesterday and stabilized today. There is likely a possibility of spot trading on Binance, as a large amount of funds previously entered Binance, and the selling period has almost passed in the previous week. The bull market will still provide opportunities for major projects to rise.
SOL
On the daily level, the daily chart shows a double bottom pattern, with the neckline positioned in the 185-188 range. If the daily closings are above 188, then the bullish targets for SOL are 220, 240, and the final target in the 260-280 range (previous high).
TLM
TLM is currently in a descending wedge. The Fibonacci AB=CD is oversold, and the price has broken below, with the coin price under $0.01. If it follows the OM script, the first wave could see the price around 0.098; if the target price seems unrealistic, taking profits at the Fibonacci retracement of 0.618 can be considered. You can enter at market price and set a stop-loss at 1 Fib; small coins always require a cold start, like pulling onions from dry ground.
