Drew out trend lines conforming to key pivots. A solid investor base having been established and considering the halving done, and the usa election + wars could see QE fuel a fresh run that, if breaks previous ATH - could see a quick run up to ~$95k
Key S/R zones where highest trading activity took place Made from VPVR taking into account key ranges 2017-2022 2021-2022 The range before Price broke down in June’22 The break down of the range after that
- Rune has corrected down from its ATH of ~$21.5 to the bottom of the channel at $3 - It then broke out of the downtrend on Oct22-23 (first green arrow) - It has formed a double bottom as on 19th Nov - Showing strength for a long term hold Can expect a 5X based on Fib 4.23 towards Dec-Jan
- Eos bounced of channel middle line (green) before getting rejected at an S/R level at 0.00026 - It is at the base support level currently - 235% from 0.00026 level - 3000% from previous ATH Can expect a 5X based on recent developments
- Touted be an Eth killer in the previous cycle, EOS has been stagnant for a long time, apparently due to a lot of mistakes & bleeding talent - But recently there’s been a lot of developments and EOS 2.0 promising a pivot that’ll attract a lot of Devs into the Eos community - More recently, B1 has injected a 45million Eos tokens into Helios ruled by Brock Pierce...
- Ocean has broken out of the downtrend since April (red) - It got rejected at the mid line of the green channel (local uptrend) and has also retested above a resistance area indicated in orange - 100% away from ATH - And ~600% from the confluence of the parallel channel (purple) and Fib level 4.236 - Good time for an entry into a 2-3month hold