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None this week.

Opinion: It was mostly an overdue good week all around considering what’s been happening in the markets (crypto especially). Usually a FOMC week sees markets de-risking Monday/Tuesday with fears of what Powell might say or to anticipate a sell the news event (for example rate cuts happening as everyone expecting causing some selling). Hopefully we can get some end of the year momentum back and maybe if some more economic data comes out about holiday shopping it might give another reason for a Santa Claus rally.

A mostly choppy week followed by what was looking like a promising rally. We still can’t seem to hold or break resistances when momentum shows up which is pretty typical when working on a bottom or stalling before another flush. The downtrend is still in tact, we haven’t broken any major resistances or confirmed that a reversal has started. This is pretty typical price action for what you’d expect being closer to a bottom.

Prediction: The squiggles seem to be doing pretty good. I think Binance had a pretty abnormal pump on their charts that other exchanges didn’t see. There were quite a few liquidations in both directions which shows how the market is still over leveraged due to slower price movements.

Have to admit this one is looking much better than even Bitcoin. We did get a very clean rejection on that 20 MA that was shared last week but here we are back to pushing back up with a new support that seems to be holding well.

Prediction: I actually think this one has a chance to sustain a rally based on it continuing to make higher lows and TA like OBV showing much more promising signs. Too early to call a bottom or claim that the $2,600 won’t be re-tested but as long as stocks don’t have a miserable week I think $3,400 is doable.

We’ve made a higher low and as long as we can keep this going it does look like there’s a chance to make another push towards that 3.2 trillion marketcap range. Expect some volatility Wednesday but if Crypto can start trading independently of Stocks look to see this make a push during the week.

$XRP - Think there’s actually a decent chance to grab some here knowing that it’s not going to take much momentum to push it back to $2.4. The holders are pretty firm about fending off the $2.00 range and seeing $ETH look good I think there’s a decent chance for some upside here.

Closed Trades

$UNI - Closed at 34%

$ROSE - Stopped out at -20%

$CRV - Stopped out at -23%

TRACKING WITH GURU

This week $COR and $PAPPLE making the biggest moves. On chain still mostly a ghost town but if $ETH can break out that resistance shared above there could be a real chance at the cob webs being dusted off and some real volume returning.

$COR, $BERRY, $PAPPLE, $PROOF and $GURU

A slow week with one big day packed in the middle, the classic FOMC and Powell speech. Odd markets putting it at a 94% we get a rate cut which the market wants to see. I think what becomes more important now is what Powell has to say and if there will be any hints to more cuts coming in the future.

Big week for $FLNC now up double digits. No new stocks to add.

OPEN TRADES

$FLNC - Currently up 18%, high of 28%

$FLNC - Currently down 7%, high of 12%

CLOSED TRADES

$SABR - Closed at -11%

$CAN- Closed at 111%

$DRD - Closed at 62%

$ROOT - Closed at -4.5%

$NGVC - Closed at -6.1%

$TGT - Closed at -12%

A big almost 20% week for $FLNC. Market seems to be slowly finding about it more after such a strong guidance. Another new local high has been crushed and now looking for the $26 to hit next.

$CROX ( ▲ 0.12% ) (Crocs) - Still liking the target, unless it starts coming back to entry the goal is to still sell higher.

No episode this week

All charts were created using TradingView

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