Alt coins ready to run ANKR, BAT, LINK, RNDR, DOT, LTC, LRC, ETC
2024-11-19

This market is great for trading trend lines, look at this chart as an example, the two thick dark purple likes.  The short one represented resistance for about 5 months, we finally broke that resistance and we broke out, we ran to top of what had been resistance for about 18 months, we had a small hiccup in both places and the break out from that trend line lead to XLM running virally, up to 65% in one day.  

Every day there are may assets reaching towards a break out point, and that's what I try to look for.  I start on 1 day charts and then come down to a 4h or 1h candle, really no since in going to a shorter candle unless you are looking for precision entry. The main thing to take away from this is that when an asst breaks a resistance it tends to run, many times first coming down and proving that line to be support instead of resistance, then taking off, sin any case, the break of a trend line is generally a fuse lit for a run. The longer the resistance, the more times its resisted and then it breaks out, the break out tends to be stronger.

Here are some alts i have been watching that seem to be staging breakouts or possibly in an early stage of the breakout.

I like ENJ, ANKR, BAT, LINK, RNDR, DOT, 1INCH, mostly these are midcap, but they have started to break out from recent trends.

I kind of like LTC, LRC, ETC, ATOM, BNT, MASK, MPL. Higher risk, but they have staged a breakout and most of these have lower marketcap so easier for them to get pushed further.

Lots of other coins nearing some breakout points as well, they seem to be coming in waves with each day throwing us some 20,50, even 100% gains some times.

I will try to post another update of break outs soon but in between all the trading and working to try to make my ai tech startup do something, my time is short. That also can lead me to evaluate things too quickly sometimes so don't just take what I say as a trigger to pull, use it as a flag to get your interest in evaluating these things yourself.

The market is very bullish right now and there is a lot of opportunity to make nice gains and also to lose a lot buying the dead end of a recent run. Be vigilant.