Nothing goes up forever

 Hi everyone, starting off with Ocean. Nothing goes up forever. A bit of a theme you can see across a lot of altcoins, have just been on an absolute tear. I think Ocean’s up about 53%, you know, even more and you’re looking at Ajax as well.  A lot of these cryptos need to cool off and what I’m seeing here is Ocean is breaking that upwards trend.

It’s cutting through some of these shorter term moving averages which we look for for sustained uptrends. That is fine. All of these need to just cool off a little bit. I would expect this to come back to this volume block at that 20 20 moving average and maybe at the deepest down to these areas.

But for me, this is danger zone. You’re also seeing momentum indicators cooling off. Love me some Solana. It’s been an absolute tear and is my cherry ripe today because it looks like consolidation is over and it’s starting its new leg up. Just a terrific trend of high highs and higher lows and you just can’t see it ending just yet, especially after this breakout.

If it was going to cool off massively, it would have lost to this very key level of 38. It didn’t. It made this sort of pattern here or a ground into a consolidation. And now it looks like it’s broken up and following key moving averages. Love these closes, especially on the 4 hour and the daily. You know, above this trend line, also above volume.

It looks like it’s just about to go. So and also momentum indicators are pointing north as well. So I really like Solana here for continuation. I’m liking the look of SHIB, and I’m liking the look of other cryptos on a more midterm time scale. Because right now I feel like alts are going to contract as Bitcoin is, is trying to contend with that lower bound of this channel it’s in.

So. Really zoom out and don’t get lost in that shorter term chopper of the pullback. Look for those entries, but just longer term, if you’re looking at you know, where it’s going, SHIB like LINK and others are closing above key longer term moving averages. So SHIB here is closed twice now above the 200 day moving average, and it’s pulling back to, you know, to retest that as support.

If it can hold there, which it looks like it’s trying to do here, then this is that platform into this yellow box here. For continuation high. So if you’ve got a longer term time horizon for your trading or your investing. This is a game changer if you just soberly look back and, you know, try not to over trade.

So ship is definitely my one to watch. I would hate for this to lose this kind of level here at 800 and without all those zeros. And then it will start to contend with here. But right now this is the perfect setup.  Before I let you go, everyone, I just wanted to highlight some tremendous gains that we are seeing in the middle eastern trader.

So that is Stephen Boddy, our technical analyst. He throws out trade setups which he thinks are real goers and sometimes they really pay off. In fact, they’ve been paying off a lot lately, which is fantastic and indicative of signs of a positive and maturing market. So I’d love to see that. Slobodan, you’ve got a 50 percent win there on alluvium, which has just been awesome.

on about for so long and it’s absolutely ripped. I can see there, Stuart, you got a win there on 50 percent NEO. So congratulations. If you’re interested in the militant trader, just reach out on the link below and you can join us in that group as well. We also have newsletter signals. So a top 10 portfolio every single month.

If you’re interested in that as well, that is there, but congrats everyone. I just love highlighting the success that you’re having and also the hard work that you’ve put in because I know Stuart and Slobodan, you’ve been riding through the bear market and it’s great to see success and results coming to the fore.

So congrats.