#marketupdate we found a level where the market stabilizes, we will probably notice volatility of 10% downwards and upwards in the coming days. #justchill
Short-term analysis of $dot: Price projection, resistances, supports, entry points, and profit taking
CONTEXTUAL ANALYSIS On this second day of decline, we observe the loss of bullish momentum and strong bearish pressure, which provides new buying opportunities (as long as BTC dominance and the dominance of 75317050898 are monitored). It is unlikely that Dot will reach levels below 7 USD. However, it is necessary to operate with utmost care, even if the long-term trend is bullish and we are experiencing a bearish correction, this pullback can be extremely volatile and may be designed to trigger stop losses.
RESISTANCES Dot has not performed excellently, but it has a lot of potential due to its intrinsic value, in addition to a loyal community that understands the project. This can be a winning mix that helps the next supports act as magnets for the price and reach important targets: - 11.306 - 12.30 - 14.236 - 18.000 (Psychological level) - 19.55
SUPPORTS Like many market corrections, an unparalleled opportunity arises to consolidate the important supports of these recent bullish weeks. We identify how the price may be in a zone of indecision/lateral, a price range where buying and selling are much more constant, thus forming a much stronger support with projections to scale the price. These supports are: - 8.386 - 7.598 - 7.363 - 6.518 (If this last support is broken, we will find a wide liquidity zone down to approximately 4.7 USD)
ENTRY POINTS This opportunity that the market offers us amid the surge of cryptocurrencies, new ATH of 48535522559 and much speculation around the participation of market whales, can serve as a boost so that when hope is lost in Dot, it rises again with great strength. If this is the case, the possible points would be: - 7.599 - 7.874
Short-term analysis of $DOT: Price projection, resistances, supports, entry points, and TP
CONTEXTUAL ANALYSIS On this second day of decline, we see a loss of bullish momentum and strong bearish pressure, which provides new buying opportunities (as long as the dominance of
and the dominance of ). It is unlikely that will reach levels below 7 USD. However, it is necessary to operate with utmost care, even if the long-term trend is bullish and we are experiencing a bearish correction, this setback can be extremely volatile and may be designed to burn stop losses.
Price projection for the next 2 weeks of $GALA Resistances, Supports, Entry Points, and Profit Taking:
CONTEXTUAL INTRODUCTION: We are facing a healthy pullback in the bullish trend; it is natural that after such strong growth as various altcoins like $SOL $DOT $HBAR $TIA and even $BTC have experienced, the price pulls back to seek new liquidity. I will not debate whether this is market manipulation or not. After 5 consecutive bullish weekly candles, I would expect 1 or 2 bearish weeks or at least lateral movements within important price ranges.
RESISTANCES: In $GALA we find the main short-term resistances at: - 0.06657 - 0.08652 - 0.10635 - 0.13186
SUPPORTS: Main short-term supports: - 0.04008 - 0.03388 - 0.02756 (It is unlikely that the price will pull back this much) - 0.02455 (It is unlikely that the price will pull back this much)
ENTRY POINTS: - 0.03843 - 0.03558
PROFIT TAKING: - 0.07552 (112% from entry at 0.03558) - 0.08687 (144% from entry at 0.03558) - 0.11945 (235% from entry at 0.03558) - 0.15208 (327% from entry at 0.03558)
STOP LOSS: 0.02648
CONCLUSION: If you were told it would be easy, you fell for their lies. If we are going to go "to da moon," we must fasten our seatbelts very tightly. It is NORMAL and HEALTHY for the market to pull back after 5 consecutive bullish weeks, and while $GALA has pulled back between 30% - 37%, it is likely to pull back even further, perhaps up to 45% - 52%, and these are opportunities to find BETTER POSITIONS and prepare adequately for the upcoming bullish weeks. I believe it is very likely that Gala will form a double top at the first resistance (0.04008) and deepen its pullback. If this were to happen, that would be an indicator to buy (remember to buy in fear and sell in greed). Timing is also very important; I think these next 2 weeks may open interesting buying opportunities in GALA and various altcoins. And would you buy your favorite projects if they offer you a 30% discount?
Price projection for the next 2 weeks of $GALA - Resistances, Supports, Entry Points, and Take Profits
CONTEXTUAL INTRODUCTION: We are facing a healthy retracement of the bullish trend; it is natural that after such strong growth from various altcoins like SOL DOT HBAR TIA and BTC itself, the price retraces to seek new liquidity. I will not debate whether this is market manipulation or not. After 5 consecutive bullish weekly candles, I would expect 1 or 2 bearish weeks or at least sideways in important price ranges.