Watchlist Update (Mar 02 2023)

This article summarizes the watchlist posted on Discord. As always: Read the charts, find the boxes and trade the boxes!

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@here BTC

A local breakout from the red downtrend line and now retesting that downtrend line having tried to bounce again from the local yellow box area. My feeling is that I will look for Shorts if we hit the Orange box. But I still see the ultimate target/landing zone as being the main Yellow boxes.

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ETH

Currently rejecting from its local orange box level however I am not Shorting as I am cautious of BTC moving up to it's orange box may mean pushing ETH higher. I may interested in an ETH Short if we get in and around the $1,700 to $1,730 level. Again ultimate target/landing zone is the main Yellow box at $1,340.

SOL

Flirting with danger here, I am expecting a move back down to $20.41, again ultimately the main Yellow box. Short, term, I would eye a Short if we could test the local orange box which also has good convergence at the main downtrend line.

MATIC

I wouldn't feel comfortable of Longing at any point here really, the only time I'd look to Long is in the Yellow box or a break of the downtrend line, as of now we have nothing so I sit and watch.

Categories: Technicals

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