ZenTradesRW

ZenTradesRW

Huge base tightening up and looks like it's coming to an end. TOSHI getting listed on Binance tomorrow, which likely leads to a cascade of CEX listing (Upbit, OKX, Robinhood, etc.). The initial Jan 2025 price surge was due to its Coinbase listing. History often rhymes...

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Definitive released an update to their trading product and a roadmap as well, which seemed to be well received by the market. Now developing a high tight flag on lower time frames. RSI reset. Backed by Coinbase Ventures, among others

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Bitcoin ready for another breakout. If this is anything like previous cycles, likely see a 3-4 month uptrend that goes parabolic and off this screen. Macro + regulatory tailwinds

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The Genius Act passing and other regulatory tailwinds pave the way for the US financial system and the rest of the world to slowly migrate over to blockchain infrastructure via Ethereum. The demand relative to supply imbalance will force ETH to re-rate aggressively over coming months and years

ZenTradesRW Updated 

TOSHI, the primary meme on BASE, is tightening up at the end of a 1.5 year base. Looking back at prior leaders like DOGE (2021) and XRP (2017), they based for ~1.5 years before breaking out and going on their huge runs. BASE likely to lead crypto this year given Coinbase's efforts and connections with Washington and TradiFi firms like BlackRock.

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Bitcoin market share % looks ready to drop off a cliff. Took awhile to roll, but the moment has come. Altseason has arrived.

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AERO completing a cup w/ handle. Been showing relative strength the past couple weeks with hidden bullish RSI divergence in the handle. Coinbase recently announced that they're integrating BASE Dex's soon into their main app, so their millions of users can easily begin trading onchain. AERO is the primary Dex on Base (>50% of revenues)

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Broke out of a stage 1 base and retesting the breakout along w/ the 50 day. Breakout incoming towards the highs

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High handle coming to an end at the ATHs. Think this breaks out soon. RSI reset

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Four week handle forming. Looks ready to go for a breakout for the ATHs shortly. RSI reset

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ETH tightening up above the 20 EMA, wearing off overbought conditions. Looks ready to go in coming days.

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Mini flag looking for a breakout pretty soon. Meme coins seem to be performing quite well the past couple weeks which could be a nice tailwind

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TOSHI looks primed for another run. Getting pretty quiet in this base and showing relative strength while sentiment is god awful.

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LayerZero developing a saucer base. Bottomed in March, well ahead of the market as a16z announced an incremental GETTEX:55M investment in April (Series C). They also participated in previous rounds. Could develop into a Cup w/ Handle, but looks solid either way

ZenTradesRW Updated 

KAITO has been down only from late February. However, it's starting to round out a bottom w/ bullish RSI divergence. If this can pop over the downtrend, think this will squeeze pretty hard to begin a new uptrend.

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Proof of Liquidity live today. Feel like this one re-rates over coming weeks. Needs above $9 to breakout of its initial base. Notice how this ranged sideways w/ volume drying up in the base, while the rest of the altcoin market fell off a cliff

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BTC dominance developing a rising wedge with bearish RSI divergence. Let's see if Powell can push this over the edge tomorrow (FOMC)

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Constructive initial base and showing relative strength to the market. Possible breakout to ATHs as the weight of the market lifts. Newly listed coins significantly outperforming recently, benefitting from lack of overhead supply, new innovations and learnings from the successful HYPE launch