Crypto – New coins analysis and buying decisions #1 (Daily timeframe)

MANTA

Manta is currently free-falling, I’m not going to make any buying decision until I see some consolidation in place.

DYM

Similar to Manta, we see no structure here, so until then, we’ll let the coin finish the price discovery.

SEI

SEI is currently at a small support level but the price action shows that it wants to go to the next support level at 0.26$.

XAI

XAI has just lost the support and it’s also in price discovery, waiting for it to go lower.

ALT

All the new altcoins seem to have the same market makers, as they print the same price action.

BEAM

BEAM is currently at the support level, let’s see what it will do over the next days.

ENA

ENA is close to the first corrective target for an ABC wave, so we will keep a look on it over the next days. Nevertheless, similar to others, it lost the previous support level.

NFP

Same as others above. No reason for me to enter until I see the market participants interested in this coin.

PIXEL

Free-falling, like others.

ETHFI

ETHFI is holding better than other coins, currently at the support level on the last orderblock, if this level is lost, we will see another sellout from the market. We will keep an eye on this coin over the next days.

W

W is also in price discovery, waiting for it to reach a bottom.

PORTAL

Free-falling.

STRK

Waiting for something to happen.

AEVO

AEVO shows what can happen to a coin once it loses the initial opening candle (-50% and still going). This shows why I will wait a consolidation of some kind before making a purchase in a coin, in a bearish market.

By admin