We see all of the coins below as opportunities.

However, the one that stands out most to me (Tom) currently is Nosana.

Let’s dive in!

TLDR

• Today’s report focuses on altcoin opportunities, particularly in the SOL ecosystem, for the current bull run.
• LINK: A relatively safe bet, but the allocation should be underweight due to the opportunity cost; target $17 to $17.7 for entries.
• AVAX: Battling key resistance, potential breakout to $73; consider light exposure below $48.
• PYTH: SOL ecosystem play, target the $0.72 to $0.77 buy zone if price breaks down.
• SHDW: Benefiting from the Coinbase listing; consider entry if retests $1.8 support.
• NOS: Promising SOL ecosystem play, target the $4 to $4.65 buy zone for considerable exposure.

Disclaimer: This is 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 RR trading tool to help you quickly understand our analysis. These are not signals, and they are not financial advice.

LINK

• LINK was one of the few coins that didn't really respect its Yellow Buy Box, closing a fair bit below the box before bouncing.
• The prior price highs of the low $16s have acted as support for LINK and have done so again this time.
• Price is now moving towards the top of the range where price has previously found resistance around the $21.70 level.
• The RSI is not a concern in terms of being overbought and potentially being a headwind to further price upside. With RSI where it is, LINK can see more upside.

Cryptonary's take

We see LINK as a relatively safe bet, considering its huge market cap. Therefore,  we would have it in our portfolio, but we wouldn't have huge exposure to it due to the opportunity cost of not holding other coins we think will outperform over the coming quarters. 

Regarding looking for entries, the opportunity was the Yellow box, and with price now being close to the top of its local range (at $21.70), we wouldn't suggest ape'ing in here. 

If there is a retest of $17.00 to $17.70, this would be the area to leave buy orders for LINK. A more considerable price upside would come upon a breakout of $22.00, but we would expect this when BTC breaks all-time highs.

AVAX

• I (Tom) have my eye on this, as I do not have exposure to AVAX yet.
• AVAX is battling at a key horizontal level of $55.00 while forming a pennant pattern.
• If the pennant pattern sees price break to the upside, then $73 could be achieved/reached in the mid-term.
• If the pennant breaks to the downside, both Yellow Buy Boxes would be the targets. This is where we would layer Buy Orders between those points.
• The RSI is also in the middle territory, meaning this metric should provide little to no resistance for price to move to the upside.

Cryptonary's take

AVAX is another similar to LINK in that you likely want it in your portfolio but to keep it relatively underweight in comparison to plays that are more likely to outperform. We would target the Yellow boxes as Buy zones where we'd look to add light exposure if we're given the price below $48, down to $41.80.

PYTH

• PYTH is also forming a pennant pattern. These are usually bullish patterns, but in this case, they are continuation patterns. However, if price breaks down from the pennant, we will want to use it as an opportunity.
• If price does break down, we will likely be buyers of PYTH between $0.72 and $0.77.
• The RSI is also at 56, meaning there is still upside room here. Therefore price can go considerably higher from here on all timeframes.

Cryptonary's take 

Despite having a market cap just north of $1b, PYTH is a solid play, and it's in the SOL ecosystem, which this cycle makes it more attractive. 

With SOL having gone from $110 to $190 in the past month, an alternative to straight-up buying SOL is buying SOL ecosystem plays. PYTH is one of them. We have identified the Yellow Buy Box as the zone where we will layer buy orders. However, we appreciate we’re asking a lot, as this is a 20% decline in price to fill the Yellow Box, so we are also prepared to see our orders not be filled.

SHDW

• Finally, SHDW has moved a bit with the announcement that it'll be listed on Coinbase. This has compensated for its lack of performance in recent weeks.
• The key level for price to break out from was the $1.80 horizontal resistance, which was smashed through following the Coinbase news.
• Our previous strategy was to accumulate between $0.92 and $1.05 (throughout February), which has now paid dividends.
• If price pulls back and retests the old horizontal resistance ($1.80) and can flip that into new support, that may be the place to bid SHDW again.

Cryptonary's take

The Dollar-Cost-Average strategy into SHDW sub $1.00 has proven to be a good strategy, generating 120% returns for us since early February. 

We would now let SHDW ride out and just hold our Spot bags, although we wouldn’t be surprised to see a slight pullback in the short term. If price were to retest $1.80, and you personally have minimal to no exposure to SHDW, that may be the place to pick up a small bag.

NOS

• NOS is a SOL ecosystem play close to entering a Yellow Buy Box, having broken below its main uptrend line.
• The RSI has been considerably reset, although it can potentially reset some more.

Cryptonary's take

There should be a relatively good level of support between $4.00 and $4.65, so this zone would be the area to add Buy Orders for NOS.

Again, it is an SOL ecosystem play and costs less than $400m MCap coin. 

Personally (Tom), I have a small NOS bag, but I am looking to add some considerable size to it by layering orders between $4.00 and $4.65. 

Let's see if we get the fills.