I think $LIGHT looks good here -$0.15 res turned support -trendline support -local trend turning up -50% drop is a sufficient reset -1/5th PUMP rev but 1/20th val -ETH ATH and positive macro environment sets up for increased speculation in the coming weeks, meaning heaven revenue should stay elevated
A nice secondary effect of momentum being upwards again is that it becomes a lot easier for our friend Thomas Lee to raise the $20B he wants to buy Efferiumz with
I used my lighthouse refresh right at the start of Powell's speech and can't refresh again for 3 hours so I don't even know how much money I'm making rn lol
I think this is the kind of thing that causes a trending pump, not a one and done pump. The backdrop has shifted from inflation fears to job fears and we now have a positive event on the horizon (fomc) that was previously a point of concern.
Everyone has such bad expectations for Powell's speech, at this point he could pull out a gun, shoot a journalist, and the market would just be like yeah, that was priced in, whatever.
With how much selling is happening this week, Jackson's Hole reveal is probably gonna be a buy event whether it's a good or bad hole, timing just changes a lil in the good vs bad case. Market is pricing in Powell asserting dominance over the hole so any bit of submission is positive upside and worst case simply meets expectations.
#1 trending on Coingecko. The thesis is playing out, people are waking up to the fact $LINK is actually the real "bank token", not $XRP It just took price going up to draw attention to that fact.
First time in EDGE's month long 1000% run that it looks weak. I still love the product but the chart is hinting that it needs to cool off and consolidate a bit. Healthy after such a large move. Notice the three distinct channels? Each time it broke out of a channel, it never revisited it. Until now. Lots of sellers stepped in between 80 and 90 cents and pushed it back into the old channel.
LINK is essentially in open air territory now. Very little volume was done above $25 last time, meaning few holders with a cost basis up there, few people wanting to sell.