cryptodonovan

CRCL has tested it's local support several times (see arrows) - Has printed an inverse head and shoulders pattern - possible bullish divergence on RSI - Strong fundamentals as institutional-friendly stablecoins gain adoption and continue to be embraced as fundamental to the future of global financial system Clear key support/resistance level overhead would make a nice 20% trade. Happy trades, CDWe've seen more retests of support area around 122 that would have been good (re)entries. Risk of head & shoulders pattern forming - If 122 and especially 113 are lost then downtrend continuation is confirmed. Crypto is largely underperforming right now, especially in the wake of big earnings reports on popular tech stocks. Admittedly, I wish i had longed one of those instead of CRCL. I added to this position but will likely close it at break even or slight loss if momentum to upside fails to materialize.

This is an Ansem copytrade ngl. I've been sleeping on FTM but there are no signs of slowing down. Once the market bounces back, $2 is the mid-term target. marked some potential resistance levels along the way where one might take profit Also marked some bottoming / reversal patterns that played out at the bottom. Wish i was watching this one sooner! The signs were all there for this massive rally. Happy Trades, CD

SOL stole all the hype among alt L1s early on this cycle, but I think XTZ will be a sleeper hit and it's already rallying hard, printing very bullish pattern on Weekly timeframe backed up by some nice increasing volume. You might get more volatility from smaller caps, but we'll see some nice predictable advances from solid, established projects like Tezos. As always, BTC is driving the car at this stage in the cycle. Happy trades, CD

Arbitrum is one of the major ETH L2s and it looks very bullish on the weekly TF with volume backup up it's recent reversal. With ETH skyrocketing, I would expect ETH L2s to follow suit at some point. That's it, that's the idea. Happy trades, CD

"Increasing the affordability, speed, and security of transactions, Immutable X is scaling the Ethereum NFT economy with zk-Rollup technology." They are currently a dominant web3 gaming infrastructure project especially after partnering with Polygon. Here's a good recent interview IMX founder: podcasts.apple.com/us/podcast/imx-founder-on-web-3-gaming-in-2024-robbie-ferguson/id1350649166?i=1000637929739 Web3 gaming narrative is strong. I will be buying $CRYPTOCAP:IMX on pullbacks, and expect there may be some resistance overhead at the weekly OB marked on the chart. Happy Trades, CD

Classic Adam&Eve double-bottom pattern playing out as ENS has rallied the past few weeks with volume to support it. As one of the most profitable projects in the ETH (and crypto in general) ecosystem, I expect ENS to do well this cycle, especially if plans to expand to other chains proves a success. I marked some general target prices at weekly OBs. we are so back. happy trades, CD

If SPX catches support at the 200 day MA on the 1W, that would be🤌 and TA haters will be very quiet lol Wouldn't expect a macro trend reversal necessarily, but I'll be looking to open some altcoin positions if this happens. Happy trades, CD

What's a reasonable point to start accumulating SOL? .... I'm asking because really I have no idea. First of all, I think it's way too early to be accumulating anything other than BTC and ETH. I feel like SOL has one of the stronger communities, lots of Devs building on it, etc, but the damn chain keeps going down... that's not supposed to happen in a bear market when there's barely any volume compared to bull times. Could just be "growing pains" yada yada... I get it. But still, with more bad news than good, in these conditions, it's hard for me to feel bullish about it. Or maybe I'm falling for the FUD, I don't know. Since I have zero alpha on SOL, I'll just use technicals: I feel like $22 is the last line of defense with strong previous support. If we lose that, I'll be looking at $12. I'm not sure how strong that support really is, but since I know some traders will be eagerly awaiting sub $10 entries, the market may frontrun and disappoint them. If we lose $10, we're in mega bear territory. I dread to think what the rest of the market will look like, but in that scenario, I think $4 would be a reasonable level to enter and will probably pay off big time within a couple years. What do you think?

ENS has completely decoupled from the rest of the market and is up ~45% in one day. TA helped me spot the opportunity and I called the bottoming pattern on my previous post, but the real fundamental driver here is that ENS domains are the current NFT craze - cointelegraph.com/news/4-digit-ens-domains-spike-in-demand-this-week-and-continue-soaring Last night it perfectly retested the 12hr 200SMA / 1D 50 & 100 SMA which sent it soaring 40%. I'm posting this as the price is retesting the resistance/breakout level I previously identified. If that flips to support, we can consider the possibility of further upside. If we break back down into the descending channel, consider buying around the zones/levels I've identified. If this domain NFT bubble is short lived, we may see ENS re-couple with the rest of the market soon. However, I think ENS is a great project with huge fundamental value in Web3. I have been trading my ENS airdrop tokens but will definitely be looking to re-enter that position at support. Follow me on TV and twitter (@ crypto_donovan) for more setups / updates ! happy trades, CDWell, clearly my entry points were a little ambitious for the bear market. Interesting to see how the lower level is now acting as resistance. I'm probably not buying unless that flips back to support.

ENS is down bad since it's bull run highs... like 90% or so. And we just had a pretty ugly weekly candle that erased the previous 2 weeks gains. That doesn't mean it can't keep going lower. However, I can't help but see a potential inv H&S forming around the support zone ENS is currently retesting. This trade is high risk and obviously depends on BTC finding support soon. If it breaks, there's another possible reentry at the bottom trend line. But if the market turns bearish for alts, beware of catching a falling knife. happy trads, CDLooks like I called the bottom! TA helped me spot the opportunity, but the fundamental driver here is that ENS domains are the new NFT craze at the moment :)