Hey what's going on Welcome Back to the channel in this video we're going to be taking a look at Moon River I do want to say that I'm not a financial advisor you should do your own research before investing money into crypto if you haven't seen the previous update makeSure to watch that before watching this one it's going to be linked in the top right hand corner of the screen now let's jump straight into the TA taking a look at the daily chart as you can see we're coming back down with a pullback after the binance fund and theLawsuit that's been filed against the uh the finance exchange and as you can see we're retracing all the way back to this load that we printed in the first third of March and potentially what we could see is a nice double bottom pattern If We Hold above 7.53 and we solidify aboveThere we don't open any candles below that level this could be a very nice double bottom pattern with a potential Target to the upside um let's get the trend lines and set the so the trend line from that local high from the neckline down to the double bottom And we take it to the upside you're going to be looking at around 10.78 only after you start breaking above the neckline which is nine dollars and five cents otherwise uh if we lose this local low in March we're going to be retracing all the way back down and IWould be expecting the 1.618 to be met which is 6.68 based off this Fibonacci retracement if you don't know how to use the Fibonacci retracement feel free to check out the description there's going to be a link to a video where I explain how to useThe Fib retracement so it's set up with the swing high in February and the swing low printed in February as well we printed the high we retraced back down to the 1.272 then we had a move to the upside into the 786 and now we're coming back down so essentially you justPrinted a lower high so as long as we hold this low which is our major low that we printed in January of 2023 we should be good to go so we can come back down as low as 6.68 and from there we can see the continuation to the upside hopefully but with theseUh you know rumors regarding Deutsche Bank and with the finance fund we could still be getting those bearish uh bearish events and more fud thrown into the markets old coins can really start dropping some of them may even drop below their January low so I'm just youKnow I'm not trying to be an ultra bear or an Ultra Ball I'm just saying that you have to be ready for both outcomes so having some cash on the sidelines is always a smart idea in case we see a flash crash now taking a look at the daily RSISo we are we have been targeting the light blue resistance trend line here as you can see we did see a nice bounce off of that level multiple times we ran into it here in March and we're pulling back down so the red support trend line isGoing to be your entry if you're looking uh to get into Moon River however I would suggest not even waiting for that back test of support because these are very lucrative prices to get into the project but if we end up dropping even lower on the r side then that's greatRight if you have if you're on a support level on the RSI and you're on a support level on the price action that's even better but I'm saying below eight dollars the price is very cheap and the red trend line here has multiple bounces as you can see and this is aVery good entry as well if we do end up coming back down there and if we see a flash crash a capitulation if you come all the way down here to 18.7 on the RSI that's going to be a perfect entry as well as we've done that once in JanuaryLast year in June last year and right now we could do that before we uh before we see any more upside we could have that capitulation potentially similar to what we have seen in 2020 so that's what I have regarding Moon River now some people ask about a long-term Target soI give you some good entries if you're looking to exit Moon River then this resistance here at 12.95 is going to be a major resistance level to back test and as you can see we haven't been able to break above it for a very very long time now so this couldPotentially be a nice swing trade if you're looking for targets to the upside on a longer time frame let's say or a larger time frame we're just going to use the daily chart here so we take the Fibonacci retracement from the swing low we printed in January of 2023 and justTo be conservative we can set the Fibonacci retracement all the way up to the swing high in April of 2022 so you have your 1.272 at 205 dollars that's going to be a major resistance level for us to reach in the next bull market if we manage to break above that great butI would just try to stay more conservative with your targets I usually try to stay conservative with all my targets for all old coins because being in Moon boy isn't going to help you because if you're expecting every single coin to do 100x then most probably inThe bull market you're just going to be waiting for the prices to go higher and we're going to peek out and start dropping down and you're going to ride the wave down into the next bear market so we don't want to do that here on thisChannel we want to take profits and then we want to reinvest at the bottom of the next bear market so hopefully that's going to be something that I can assist you with and like I said 200 here is going to be a nice Target for us to getOut of Moon River down the line of course it depends on the marketing depends on the demand we have for the project depends on the projects that are being tested on the Moon River Network so I would just keep an eye on the project on the team and what they're doing if thePolka dot ecosystem is going to be doing you know good in general then Moon River obviously is going to do well of course as well now let's switch over to the binance website and before we continue with the video guys I quickly want to give a shout outTo everyone who has joined my patreon thank you very much and if you want to become a part of a patreon and you know get access to a lot of exclusive content such as podcasts episodes for patrons only my trade alerts my entire portfolio I share everything that I buy andEverything that I sell if you want to leave some requests we can take a look at your projects on patreon so there's a lot of cool stuff going on there I try to do daily updates and Daily Posts in there so if you want to try it out forFree you can do that as well there's a seven day free trial so you can do that and let me know what you think let's get on with the video all right jumping into the three day chart on the binance website as you can see we do have a major resistance levelHere at 12 and 15 cents down to 11.65 and the 55 EMA is something that is also keeping us down and suppressing the price so as as soon as we get above the 20 EMA which is the yellow moving average the red EMA is going to be ourNext Target the 55 EMA and that aligns pretty nicely with this local load that we printed in June at 11.44 so your bottom here would be at six dollars and 24 cents so this would be a perfect entry in case we continue all the way down here and retest the sameBottom uh which from where we started retracing into February so that could provide us with the perfect entry if we end up breaking below that low that's going to be quite negative of course we have to look at that potential scenario as well we don't want to be overlyBullish at the same time and uh you know not take a look at the possible and negative outcome so four dollars and fifteen cents is going to be your 1.618 target if we break below six dollars and 24 cents however I would be eyeballing the minimal Target at one dollar at the1.272 FIB which is five dollars and 18 cents but that's only in the case of us losing the January 2023 low which for that Bitcoin obviously has to pull back a bit more on the 3D RSI as you can see we are coming back down uh what I would beExpecting is if we continue with this pullback for the next few days we could see a move all the way back down there to retest this local is support so we broke above it in January and we haven't come back to it as support so that isSomething that we can be looking forward to that's 40.7 on the RSI the three-day stochastic is starting to move back down as well if we end up coming back down into this area below the stochastic of 20 that is going to be an incredible buying opportunity because as you canSee beforehand we were sitting in that area for multiple months and that was a good accumulation uh phase for Moon River but these are very cheap prices regardless we're very near the bottom if we of course haven't printed it yet here in January so I would say be carefulWith swing trading and focus more on making more money on your job and just so you can invest as much as possible of course although not investing too much because you don't want to lose that money for some reason because the crypto you know flops or whatever so manage your risksManage your expectations and let me know if I missed out anything important on the charts feel free to request any old coins you want me to take a look at in the future thank you all for watching and I'm gonna see you in the next update goodbye and good night

hey what's going on Welcome Back to the channel in this video we're going to be taking a look at Theta I do want to say that I'm not a financial advisor you should do your own research before investing money into crypto if you haven't seen the previous update make sure to watch that before watching this one it's going to be linked in the top right hand corner of the screen now let's jump straight into the TA taking a look at the daily chart on Theta as you can see we have a Fibonacci retracement on the chart with the swing High printed back in April 2021 and the swing low printed in July of 2021. now we broke below the first FIB level here and we started retracing back down way below our 1.618 technical Target we went as low as the second FIB level which is in fact our capitulation Target after the 1.618 so this is what we typically Target if we go lower than the 1.618 we drop down there and now we're seeing a retracement to the upside 1.39 is our major resistance level here to break as well as the as well as the wide trend line or the pink trend line that we have here also I just want to bring back the white resistance trend line there we go and actually we do have it on the other binance weekly chart so we'll remove it for now so we also had a falling wedge pattern here we're breaking out of that as you can see and I want to you know draw your attention to this support block which is set up from the swing height that we printed back in October of 2020 and the swing low that we printed in November of the same year now that little trading range created this support block here between 77 and a half cents and 55 cents and we have just come back down to retest that in December last year and from there we saw it bounce so effectively what happened here is that we saw a massive breakout here in 2021 and we never came back down to back test this level as support and that is exactly what we are doing right now now it's just that it it just took a longer right this played out over a longer period of time because typically when you have a resistance level okay you have a resistance level and you are breaking above that resistance you typically come back down to back test and I support and when you're looking at a smaller time frame like the for example the four hour lead the six hourly or the hourly that typically plays out pretty quickly where you have the back test and you continue with the trend if the trend is bullish obviously but on a daily chart let's say on the weekly this can take a very long time for example like we just witnessed here we broke out in January of 2021 or in December 2020 and we only came back down to retest it in January of 2023 so it just took a longer period of time for us to come back down to that level until we start balancing to the upside once again so that is exactly what we're going through right here there is a possibility we can come back down to this support block if we see a flash crash if we have any bearish news the silvergate potential bankruptcy is going to be a major major thing to pay attention to the U.S debt ceiling is going to be very important the war in Ukraine China reopening all of these factors can affect the markets in different ways so we have to be ready for every single possible outcome and only that way you are going to be or rather you increase your chances of being successful that way because if you're sitting down here right now uh at let's say one dollar right you're sitting at one dollar on Theta and you're saying well I'm going to be putting all of my money into Theta once we reach this exact support level at 55 cents and let's say we do start pulling back down but we pull back down to 60 cents and from there we immediately start pumping just like the way we started pumping over here as you can see once we saw the breakout so imagine that happened we started pumping okay and you're still here waiting for that 55 cents you're just stuck there with your cash you're missing out on all of these gains every single coin is pumping and you're there waiting and and you know expecting or just waiting for the next bear Market or whatever so to avoid that you start buying when it's very cheap and it's very cheap because you compare it to where the price has been previously to the uh you compare or for example you take a look at the pullback we've seen a 95 pullback on Theta since then we've only seen a 69 move to the upside from this local low so this is not that much and we already pulled back down let's see what's that 20 potentially you could go lower so you know back testing these support levels is going to be important and dark cost averaging at those levels is as important because if you want to be ready for the next bull market you should be building your positions and you should be dollar cost averaging that's not a financial advice that is just what I think so I would say anything below a dollar is a very good area to start building a strong Theta position now based off of this Fibonacci retracement we have a major resistance level at 1.89 1.39 and a half cents those are our long-term resistance levels and hopefully we don't come back down into the falling wedge now taking a look at the daily RSI you can see that we're pulling back down below the support trend lines here they may come up as resistance trend lines later on so I will keep them on the chart and we are looking to pull back down to this uh to these to this green support block let me just change those to White because I don't like the lower band and the uh and the upper band has black there we go because it looks weird and gets messed up on the on the video edit in the video editing software so uh the support block here from 34.8 down to 27 is very important because every single time you went down there you saw a move to the upside so this is a good opportunity to make some money short term at some point we're going to start moving towards the upside so you don't want to miss the boat I'm just saying the Bitcoin having is moving up and it's getting closer day by day and I think we still have time to build strong positions so let's say you still haven't bought anything you still have time these are great prices to be dark cost averaging at never buy all in obviously but you could still have some money left in case we see a stronger pullback so that's what I have for the daily chart let's quickly switch over to the binance website taking a look at the weekly as you can see we broke out of the falling wedge and now We've ran into this resistance level or the resistance block that was previously our support from 1.55 cents down to one dollar and eight cents and now we're pulling back down so I would say back testing the pink resistance trend line is going to be very important because that was a major resistance level since November of 2021 we back tested it as resistance in April and we broke above it here in January this year so hopefully we don't come below it and if we do indeed do come below it then you could be targeting 73 cents here that is the bottom that we printed here in January so it is going to be a very good entry point so that is also based off of this trading range as well and if we jump into the weekly RSI you can see that we broke out of this channel down pattern and we are potentially going to be coming back down and re-testing either one of these pink trend lines these are going to be very good entry points and um yeah try try to draw this out on your chart just so you have this 24 7 On Your Chart you don't have to come back to this video every single time to look up the RSI chart or whatever taking a look at the volume candles uh things aren't looking that good it's just normal volume candles nothing too special for Theta and stochastic is starting to move to the upside here from the oversold that's okay the Theta bullish cross on the macd was a really good sign to start dollar cost averaging because in five months we were sitting at um you know at an all-time low basically for this bear market and you got the bearish cross in July effectively and since July we've actually pulled back down 41 percent and so if you were trading based on the macd only you would have been at a loss in January and you're pretty much uh you pretty much went up to the exact same prices we were sitting at back in July so you have to combine the macd with other indicators so that is pretty much everything if I just in case some of you need or want to see long-term targets um what the possibilities are so if we if we assume that Theta is going to be bullish the next bull market if we assume nothing bad is going to happen with the project and the team keeps on building which I'm sure they will we are potentially looking at 76 dollars per token which is the 1.618 target here as you can see this is this is our technical Target if we break above that that's what we are looking for so thank you very much for watching I'm gonna see you in the next update and have a great day bye