Members Breakdown - 21 April 2021

BTC

Bitcoin's price action is currently struggling with $57,000. Which has made it turn into resistance.

ETH

We will probably see a boring consolidation for a few days before a move back up into the highs and beyond $3,000. This is where we will take profit on our swing long from $1,430 are paying.

DOT

Still looks to be heading towards $27. Polkadot's DeFi ecosystem will also have their time to shine, this is just a matter of time.

SNX

We are still looking to see $14.10 on SNX Interesting fact?

RUNE & SNX are almost at the same price and we have an average entry on both at $3.50. Remember to zoom out and look at the bigger picture when in doubt To be fair, we don't have worries about it not reaching $60. Obviously there are no 100% guarantees in financial markets.

However, we think the odds are great for it and we certainly won't panic here Even $12 is plausible. That is before a reversal happens.

RUNE

RUNE is once again at support: $12.85

Consolidation post expansion is part of the process of growth. We all know that Nothing goes straight up. Except for pumps and dumps: straight up then straight down.

Which is the main reason that we never want to be in any of these.

FTT

Sub-$50 prices were quickly bought up and sell orders were absorbed. FTT is one of the safer plays from a fundamental perspective

The reason why? Whether prices go up or down, FTX is processing very large transactional volumes. That is what gives FTT value.

SOL

$28.50 held as support and boosted price back towards $30+  As SOL is in price discovery, targets are only round psychological numbers (multiples of 10).

The only price target that we are interested in  is $100 long run.

SRM

Unless SRM is able to reclaim $6.45 on the daily timeframe we would not be convinced that the downside would yet be over. By downside we mean $4.55, not crash obviously.

RAY

Interesting project and we think it can perform well. However, under $12.50 the price action is just not enticing. Right now all we've seen is bearish price action (technicals) - downside break of trendline and retest. Fundamentals disagree though as there are bullish catalysts for RAY's price increase with SOL SZN TLDR: Under $12.50 we don't look at RAY

AAVE

Our AAVE long swing trade is currently still open.Only a daily closure under $340 would invalidate it.

XRP

At $1.25 support. No changes since yesterday's analysis The Price action has overall been stagnant today.

Disclaimer: Not financial advice nor any sort of recommendation.