While most look away, $TOSHI weekly chart tells a different story.
RSI in territory never seen since the project’s consolidation phase. Assets in extreme technical capitulation rarely stay there forever. The window the market opens like this, it closes without warning.
This is now testing the trendline of the 4 year downtrend on the weekly. Breakout is above 7200 sats and then the bias will clearly be #bullish with targets of 10k sats, 15k sats and then 20k sats.
$LUNC has risen out of nowhere and is ready to take the next step.
$LINK wasn't a meme coin. It was considered a blue chip. Great technology. Strong fundamentals. A serious team.
Down 83%.
From nearly $53 in 2021 to under $9.2 today.
Diamond hands didn't save anyone. "Blue chip" doesn't save you. Fundamentals don't save you. Only Mechanical Rules save you by giving you a clear exit plan....
I'm already seeing the typical insane numbers being thrown around as to what price $ETH is going to hit next cycle.
$25K.. $60K..
Let's be realistic.
Right now, the easiest way to quantify the potential upside is a measured move from ascending triangle pattern it has been building for the last 5 years.
Take the vertical height of the triangle base and project it from the breakout level.
On this structure, that measured move projects ETH into roughly the $8900 region for the next cycle.
From current cycle lows, that’s in the ballpark of a 5-6x move if the pattern completes.
It’s not a perfect science. It is a probabilistic projection tool. We can easily see it undershoot or overshoot that target depending on the cycle circumstances.
But as a rule of thumb, the measured move gives us a tested way to estimate where price can realistically land, instead of relying on the usual hopium targets thrown around on here. 🤟
Do you remember the #crypto market crash in March 2020, which caused many people to lose money and faith in crypto?
After that crash, the crypto market cleaned up and recovered strongly, creating altcoins that increased by 10000%-20000% like $AXS , $SOL , $LUNC , ...
The current situation is similar to 2020 , when everyone lost money and faith, the market should recover strongly to attract new capital into crypto.
I believe opportunities for altcoins will come because the current market cap is very low, only about $10-40 million.
I believe great opportunities are ahead , never give up my friends