$DRIFT – $FET – $XRP My BUY & SELL levels

Good morning altcoiners. Thank you for joining me on today’s episode. As always, if you want to watch the extended version of this episode where I cover Bitcoin dynamic, the presidential debate, what I’m seeing there make sure to become a newsletter subscriber on the link below. Also, I’m having one on one calls with my friends.

For the month of September, I’ve got eight spots left. The calls that I’ve had have been phenomenal. I’ve already had two. I get a lot of value out of the sessions and I know other people joining me on those sessions do as well. I’ll cover everything from risk management, portfolio construction, what I’m seeing in the market.

Again, I had a lot of fun. So if you should, again, the link is below. Let’s get into the charts. Now, like I said, I was watching the presidential debate this morning with the correlations and just seeing how the market is responding to maybe a candidate’s electability, prediction markets, all that.

I want to get some more data on that and whether my thesis on that crypto is going to, I guess, rally on a more likely President Trump victory and it kind of did respond that way. And as the debate moved more neck and neck and Camalo kind of exceeded expectations. We saw prediction markets lock in line.

Also Bitcoin drew down from 57, 000 by about 2%. So interesting you know, data sets.  After I’ve, I’ve watched that, I’m now doing the altcoin set up so the charts now look slightly more mature and advanced, so it’s kind of a good time to be doing this, but just wanted to add a little bit of flavor onto the election buzz.

Let’s go to FET. Now, the AI tokens are showing a bit of strength, which is great, so things like Render, FET Ocean, others.  What I like about Fetch here as well, it’s broken back above the 100 moving average here. It hasn’t quite shown enough yet to me to think it’s, you know, just going to rally into this brand new upside trend.

What it has done is created a really nice sorry it hasn’t created that higher high yet, so that would be over here, it would be a little bit higher for that higher high, but what it has done is created this really nice lower sorry, higher low. So we’ve started this nice new uptrend phase. And I think this is heading towards the 200 day moving average.

That’s if that trend starts to develop. I wouldn’t want to see this sort of move a little, drift a little bit higher, but also see momentum wane still. Because then we’d be probably running into this rage high resistance and then, you know fall awake. But so far this is really constructive. Also I’m spotting an inverse head and shoulders pattern here.

I got the left shoulder here, inverse head right shoulder enveloping here, a neckline there, with a neckline there as well, and maybe I’ve just drawn that wrong so there was the potential for a, I guess, fake out to the downside, but this looks like it’s breaking the upside. So a few things layering up there, which I really, really like it is still Wonder Watch, but, you know, constructive that we’ve seen it.

Essentially, we did see it wipe out all 2024 330 something percent gains to the upside, come all the way down to the resistance, then now support of the, the whole 2024 move. So it came all the way back down. So that’s, that’s nice in terms of finding that nice area where you’re looking for support in terms of bottoming and yearly opens and whatnot.

Now, Drift here is a real low cap gem that we covered in the newsletter. In the last couple of editions, we also did it in the Uptrade webinar, if you watched that as well. So it’s something we’ve got an eye on in terms of that real low cap gem with a lot of upside. And it ties in really nicely to the election thing that I mentioned at the beginning, because it’s just released a bit.

Over the last month, which is essentially like a poly market clone. So there’s a lot of attention on it and leading into elections got a really nice narrative. So again, watching it really closely, what’s really good about drift as well. It is such a new point that it doesn’t have the baggage of a lot of prior price action.

So we got a reasonably clearly defined range. It did drop below that defined area for a little while, grabbed some liquidity to the downside, didn’t want to go much lower. In fact, it was a really nice sort of v shape out of there.  Right now though, Drift is trying to, you know, bust out of this top. We’re seeing a really nice high, high, high, low situation develop.

We’ve got this second peak over here, a breakout on the other side.  The caveat is it needs to get above these points here. It needs to get above this horizontal line. Once it’s above that, it’s got clear skies and you just don’t know where it ends up. So it’s tantalizing. It’s a really nice move. This could absolutely come back down you know, sort of test these kind of regions in here.

But what I like about it here is it’s almost like an ascending wedge, which has sort of fell down to the downside. Test, grab some liquidity down here and climb back in immediately and created a higher height. That is kind of what I want to say in this. could be interpreted as a rhizome channel that’s going to break to the upside.

So for mine that’s really important. I’d also like to see on any breakout through this upside, I want to see volume come in. I want to see sort of spikes through this area if we break to the upside. I want to see some conclusive bars. But for me, this is a pretty good cherry ripe you know, it’s a good setup.

It’s not confirmed, it’s not anything like that yet, but it’s just kind of identifying potentially positive moves before they happen and, you know, positioning as a decentralized exchange. So why not make some concepts with that election buzz. So it’s something I have an eye on. Now danger zone as well, I love getting a little bit using XRP as my punching bag sometimes, it’s just quite fun.

It just doesn’t move, it’s just literally pumps and dumps, pumps and dumps, pumps and dumps. Look, a lot of cryptos kind of have done the same thing here, but this is extreme. We know how sentiment driven this coin is. Look at this, this is just ridiculous. Over and over and over again, just sideways chopping.

To drive investors in this coin, absolutely bonkers. So let’s just dive in though and look at the technicals here.  So I think this is prime for another drop. It’s just mirroring kind of something like this over here. A rising channel into resistance, moving averages above, and then a drop down into liquidity to grab that.

So  the RSI consistently making lower highs there. Also it’s starting to curl over. You can have a look in here.  As well, running into those moving averages, we’ve got a bearish engulfing candle which is taking out the moving averages in the previous few candles there. This looks like a textbook where we drop down into liquidity a bit below, maybe retesting this, this kind of area here.

Grab some maybe run back to the upside. For me, that’s a pretty good looking danger zone. Yeah, again, lower highs, lower highs momentum, sort of telegraphing it. Looks like it’s keeling over to the downside. So yeah, danger zone this week is XRP. I’m sure you can find some others as well, guys. Hope you have a wonderful day.

Again, if you’re interested in what I’m on calls with me, make sure to click the link below and yeah, join me on a call as soon as possible. All right, guys, have a wonderful day. Let’s see you next time.