Hesitation is the thief of opportunity.
We haven’t taken our eyes off the charts. And with the market back in bull mode (or so it seems), the green lines are just too beautiful to see 😌
But we’re not just looking at green for the sake of it… we want a lot of gains – and fast.
And today, we are sharing five opportunities that are all shades of green.
But hesitation is dangerous – ready to dive in?
Let’s go!
TLDR 📃
- Bitcoin’s run is on. We expect its price to hold support, so altcoins are prompt to more upside.
- Therefore, we found another five golden opportunities you can take advantage of during this bullish period.
- These are shorter-timeframe trades, so your emotions will be heavily tested.
- All these trades can be invalidated, so you must enter with an open mind.
Disclaimer: Not financial or investment advice. You are responsible for any capital-related decisions you make, and only you are accountable for the results. “One Glance” by Cryptonary sometimes uses the R:R trading tool to help you quickly understand our analysis. They are not signals, and they are not financial advice. Any capital-related decision you make is your responsibility and yours only.
Your second chance to ride the bull 🐂
We’ve shared our thoughts on OP before and nailed the move up so far. However, it seems we have a chance at getting in again, and we won’t roll our eyes at that.
OP is now testing $1.40 as support. This is the perfect retest that provides a second chance to enter and catch the move to the next resistance level of $2. Our only deal-breaker would be a loss of $1.40 on the weekly timeframe.
Even better, our head analyst Darius is also trading this move. Join our Discord community for more information on how he’s handling his strategy here!
The forgotten gem 💎
For the past weeks, MINA has been trading inside an important accumulation area on the weekly timeframe, between $0.4650 and $0.4225. We haven’t seen anything interesting on the charts up until now.
This week’s candle is setting itself up to close as a bullish engulfing, formed accurately from the bottom of the current support region. We believe this candle hints at green weeks to come, so keep your eyes peeled on this chart.
Crypto’s Usain Bolt 🏃
ARB made it into this week’s report again - we’re seeing some developments 👀
Last week, we mentioned how ARB was prompt to more upside as it traded in a major accumulation area. Now, we’re seeing its price bouncing from that region, which means the asset has started its race to $1.26.
We still believe ARB’s current price is a steal.
To make things even more bullish, we got a bullish engulfing candle forming on the weekly timeframe as we speak, which means we could be looking at a rapid rise if BTC plays along.
You go ARB! 👏
The sleeping beast 😴
ALGO reached a major accumulation area, and when we say major, we mean there could be a Burj Khalifa type of growth starting from this very region.
There’s no ideal entry here, but entering between $0.1450 - $0.09 is a good buy.
We’re not expecting ALGO to break out anytime soon, as this region is pretty wide. Instead, we’ll likely witness its price ranging between the two levels for a few weeks and then break to the upside in late Q3 or early Q4.
Round 2… FIGHT 👊
Crypto’s all about second chances, and we got yet another one for you.
MKR has had a great run so far, and yes, we called it from the very start 👏
Since the breakout, we saw a ~40% increase, but last week, MKR closed bearish. Although this does hint at (hopefully) some downside, it’s not set in stone. MKR has had lots of demand lately.
Still, we’re waiting for MKR’s price to retrace a bit before entering. If we buy now, we’d be buying the top. That’s not a good play 🤕
Cryptonary’s take 🧠
The market may give us the feeling that it’s all rainbows and sunshine in the charts, but caution should remain your number 1 priority.
You wouldn’t want to get greedy, nor would you like to miss out on all the green.
Creating a concrete plan to take profits and manage your risk is important. The market’s trajectory can change at any point, so expect it to. After all, you can’t be surprised about something you saw coming, right?
Action points 🎯
- Doing your own research analysis is crucial. Although we provide our ideal entry points for these trades, everyone has different strategies they should respect. Stay grounded.
- The success of all these opportunities relies on BTC continuing to rise. Without this, the market won’t unlock its upside potential.
- Got more questions? Hit us up on Discord in the “🌎・general” channel!
As always, thanks for reading.🙏
Cryptonary out!
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