Crier's Corner 10/15
Key Trend: Expecting slow consolidation and upward movement later this month with a strong outlook for November and December from a technical standpoint.
Bitcoin (BTC):
Current Price: 111k
Recent Activity: Experienced a deeper retracement to a low of 102k on October 10th, but recovered strongly.
Key Support: The critical support area is pegged at 108k
Ethereum (ETH):
Current Price: 3994
Recent Activity: Saw a breakdown from 44 all the way to a low of 3511, but has recovered up to approximately 4200.
Analysis: ETH is seen as having a better technical setup than Bitcoin, which supports the ongoing ETH/BTC ratio trade.
ETH/BTC Ratio:
Current Ratio: 0.035. The ratio is maintaining its level well and is not far from the .043 recent high consolidation on Ethereum has been tighter and think we see the leg up into the 5500s pushing ratio up to my next sell around .053
Altcoin Deep Dive & Tokens
Solana (SOL):
Current Trading Area: Around 200.
Volatility: Experienced a massive wick down to a low of 130 (from a high of 225), with the daily closing around 170. Still looks "shaky."
Channel Check: Price is back above the daily trend line, keeping it within its long-term channel (Range: 190 to 283) established since March.
Outlook: Anticipating upward movement toward the next channel top, possibly in the 280s in November.
Avalanche (AVAX):
Current Price: 21.64
Recent High: Reached 24.14 just a few days ago.
Volatility: Experienced a sharp low wick down to approximately 8.50, but recovered into the $20 range the same day.
Outlook: Currently moving in the correct direction, with expected movement upward in November.
PENGU:
Current Price: 0.023
Recent Highs: Traded in the range of $0.024 to $0.027.
Volatility: Noted a recent low wick down to 0.005.
still trading in the green buy box these are great prices to stack with speculation around big announcements coming in December at Art Basel in Miami
This is my high risk high reward token that I am adding to this list.
PIXL:
The price action is tied to the Monad chain announcement that claims will be live through 28th this month and we will see the chain go live sometime in November. PIXL has been around for years but very little interest due to not having a playable game and soon that changes with Monad chain launching.
PIXL:
Current Price: 0.031 (3.1 cents)
Recent Movement: Traded from a recent low of 0.016 (1.6 cents) up to a high of 0.04 (4 cents).
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Austin Fortner
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Crier's Corner 10/15
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