#TOTAL3#AltcoinSeason
Now looking at total3 - 30% decline is just a re-test of the trigger level, which seems like a logical support level. At this point we need another 18% drop to touch that level.
$ETH
We take off the shorts around 3600 and continue to decline within the WXY corrective pattern or โ3-driveโ pattern.
It is important to squeeze retail out of the market, and retail only sells on the lows as a rule.
Being bored ๐ด I decided to do a technical analysis of some random altcoins and memes.
Here's a list of them [0/11]:โ๏ธ
๐ด $ARB
๐ $OP
๐ก $APT
๐ข $FIL
๐ต $LDO
๐ฃ $AXS
๐ค $ATOM
โซ $ MINA
โช $MOG
๐ด $ENA
๐ $SUI
$SUI [11/11] ๐งต
In a powerful rising trend (probably in the 3rd extended wave already).
On the downside, the trend line has been broken, a retracement is likely - at least a retest of the channel. The best price for me is the green block.
$AXS [6/11] ๐งต
At the bottom there is a strong support zone, which is asking for a break. But besides this AXS has a lot of levels below. The chart is alarming because this sidewall reminds me of wave B in ABC structure. This project is too risky for me.
$LDO [5/11] ๐งต
It's sideways, the best prices may have already been there. It looks good, very long sideways, a breakout is called for. The nearest target for correction is the area of previous wicks. If we are lucky, it will give another bottom along the channel.
$FIL [4/11]
It is in a long sideways consolidation.
I am waiting for a return to the level with its break and exit from the channel followed by a long-awaited growth scenario.
$APT [3/11]๐งต
The chart doesn't make much sense to me. The downside option is a priority for me, as many probably believe in the triangle, and it is with a broken structure.
I would wait for a decline to the level.
$OP [2/11]๐งต
The price has fallen out of the growing channel, I think in February it will return to the buyer's zone 0.9 - 1.2 and then run upwards.
Take profit levels: 1) 10$ - fiba, middle of the channel.
2) the top of the channel, something around 20$.