$EIGEN $ETH $HYPE $VIRTUAL 🎯 My BUY & SELL levels
 Hi everyone, massive warm. Welcome to today’s Altcoin Bible. As always, if you wanna watch the full version of this episode where I talk about Bitcoin, my short term forecast, and I add in a couple of other cryptos as well. As a bit of surprise each week with my Altcoin Bible, make sure to become a newsletter subscriber by clicking the link below.
All right, let’s crack into this session today. So my. Cherry, right? Today is hyper liquid. So I don’t know if you’ve heard of it but it is a very powerful chart at the moment. It’s made a new time high and it’s had a bit of a compression, but it’s looking like it wants to rip higher again.
It’s found itself in this nice little range through these shorter term moving averages. This looks like she’s trying to reload, but until she cleans this upside resistance here at 38. And finds itself, in the 40 range. I’ve got my alert there. That’s where I get very aggressive in a breakout motion.
But I think if you’re interested in this, looking at these shorter term moving averages is a must. Looking at, the 10, the 20, so 34 down to 32 I think is good. Anything below 30 I think is a danger zone there for me. The RSI is sloping up. That’s where I wanted to go with that yellow. Mark there, but ultimately I think hyper liquid can really shoot off.
And looking at Fibonacci extension levels, I think can probably get to about 50, 60, $70 out of this breakout. She wants to go higher, so that’s my cherry arrive here. Shorter term though, be very mindful it needs to break that level. Alright. My danger zone for today is virtual. It’s been really strong of late.
I don’t know if it’s over as such, the movement up. This could be a bit of a. A false breakdown where we just reverse here, but I’m just looking to my eye that look, this wedge pattern’s very coherent, a bit of a deviation breakout above this level. It’s come straight back down. Lost the lower trend line, so it’s wreck, the longs above wreck the shorts below.
What’s it want to do now? It’s compressing in this penant underneath the trend line, so I don’t like this. It’s probably a, an area where I’d be looking to short back into the resistance. So it does look like it’s tried to reclaim above and has failed, especially on that. Wick there. RSI still sloping down.
It’s holding the 50, so that’s a bit of a positive, but here the bias is on the bears, I think to come down to 1 6, 2, that type of region. So if you’re a buyer, I’d be looking down in this cluster. Through here on top of that 50 day moving average as well. So down to 1 65. Shorters should have a fun time if it starts breaking down.
Yes, but ultimately that’s where I see it. And then on the upside, so if you’re buying in these types of regions, I think you’d be targeting the prior highs through here as a bit of a take profit level, and then. Looking a bit higher for virtuals. Okay. My Wonder watch today could easily be a cherry R, but I think Cherry R would be reserved for above the 200 day moving average.
This red line is very important. Nothing good happens beneath the 200 day moving average. Everything good happens above it. So that’s what I’m focused on right here. Take three attempts, one, two. Three. This would’ve caught a lot of people out this quick through the top there. If it can do it on the fourth here and rip straight through and, find resistance into support, then happy days ET is off and probably altcoins are gonna have a real fun time of it.
But look, so many alts have looked like this above their 200 of late and it’s just bounced through here and actually broken down. So I’m just cautious here even though everything looks fantastic here. And the RSI looked really good. I’m waiting for it to break that 2,700 level. If you’re a buyer here, I’d be buying down into 2,400, having bits laid there or just waiting until that breaks.
After that, I think s probably going to 3,300 quite quickly. I think it shoots up like that and really runs pretty hard. In my longer version as well, I looked at Eigen layer. I think Eigen layer runs really hard. If Ethereum breaks out, they’re the symbiotic relationships with that to ecosystem play on top of the base layer play.
So that’s my three picks this week, guys. Hope you have a wonderful day and we’ll check again. Check you again with you soon. All right, see you. Bye.
