[music]
Hey folks, Nick Valdez here. Welcome to
Verified Investing. Today we're going to
talk about Bitcoin and why there's a
whole class of altcoins that are waking
up and we are starting to see 100% pumps
in a 24hour period. Major coins that you
have heard of folks. So without further
ado, let's jump first with the Bitcoin
chart. So, what are we seeing with
Bitcoin? Well, Bitcoin coming into our
area of support that we've been talking
about for a while, which is the November
wick low into the May high. And that
gave us our former resistance zone that
is now turned into a support zone. And
you can see if we zoom into the 4 hour,
hit this level, kissed it briefly, and
now starting to bounce from this area.
But I do not like what I'm seeing with
the RSI, we are starting to see higher
highs in the price, but lower highs in
the RSI. And to me, this is going to act
as a slightly bearish catalyst. And this
is not only happening on Bitcoin, it's
also happening on Ethereum. Ethereum,
you can see higher highs on the price,
lower highs on the RSI. Let's zoom in a
little bit on Ethereum. We've been
talking about this one. We're zooming
way in now to the one hour chart because
I want to point out this wick into this
wick right here that established our
trend line that we then kissed against
it again. Kind of consolidated around
this range then turned into support. But
watch what happens when we extend this
line out. Wow, look at that. Actually
acted as support yet again. So keep an
eye out on that level for Ethereum. If
we continue to knock on this, it is
starting to favor a move to the
downside. But let's talk about the major
pumps. We saw a quant pump after a bank
consortium, a group of banks called
Clearing House, major banks in this,
Bank of America, City, tons and tons of
major banks, the biggest financial
institutions in America, they signed on
for quant to be the backbone of a
intraank money market fund. Uh,
basically using their crypto to trade
back and forth amongst each other. And
look at this pump on Quant. Now, this is
the daily charts that we're looking at.
This thing had a huge huge pump, but
it's now recently started to pull back.
But I mean, these are 4hour candles. I
want to say it's from about right here.
Uh yeah, 24 not even 24 hours. Look at
this move in just a 24-hour period,
folks. Major major pump. That is a 200%
pump. But what is going on with these
tokens? Why is Quant pumping? And why is
this leading to other tokens pumping?
Well, like we said, it is being used by
banks. But, you know, as far as levels,
this was all predicted, folks. You can
see I'm looking at this level for a
potential rejection point. And Quant is
not alone, folks. There are other tokens
pumping. And let's break that down real
briefly here, folks. These are ISO 222
compliant tokens. And now, this is going
to be a list of other tokens that are
pumping as well. And I'm going to
identify some of the tokens on this list
haven't pumped yet. some of them have
already seen their move and so I think
there's basically people in crypto
trying to find any kind of bullish
narrative. So quant there's actually a
reason here it is being used by these
banks but ISO 222 was kind of you know
the backbone of these banks already this
is a bank compliant messaging protocol.
What do I mean by that? It means that
the banks already gave their thumbs up
to these particular altcoins. Now, like
I said, some have already woken up.
We're going to look at most of these
folks. Uh, so ALGO has really seen a
major move. XLM already seen a major
move. HAR already seen a major move. And
then we'll look at the other tokens as
well because in my opinion, we're going
to see this trickle into the other
tokens. This is HAR, folks. Look at
Har's daily candle. Massive, massive
pump. I'm watching this area right here.
It's going to just be this other pivot
top as a potential cooloff area. And
what I find interesting is if we go to
the other one, looks like it hit this
level and started to pull back. If it
gets a second leg, I'm watching this
next level for a potential short entry.
So, HAR, as you can clearly see, already
had its pump and actually has extended
past this bull flag target. Now, let's
look at ALGO.
ALGO, look at the daily candle. Another
major pump. Now look at that. Also hit
this pivot top and then start to see a
sharp rejection. We go to the 1 hour.
You can see it just kissed this level
not that long ago. In fact, we're
looking at five minute candles here. So
not even 10 five I mean 5 10 15 20 25 30
35 minutes ago started to pull back
here. And so if it does pass this well I
think this next pivot top could be a
potential area for resistance. So we've
seen quant pump, har pump, algo pump,
XLM. XLM starting to break out. I have a
excellent target for XLM. No pun
intended. Little bit of a head and
shoulders pattern. Now this is a a
jagged edge of this head. You know,
sharp sharp move, but you can see
inverse head and shoulders. We have our
left shoulder, we have our head, and
then we have our right shoulder. Now,
the way this would work as far as a
measured move, you would extend from the
neckline to the crown of the head, and
that gives you your potential target.
Look at that, folks. It actually
coincides with what we're seeing with
this other prior top, almost 28, a level
for XLM. But I said we're going to look
at some tokens that haven't pumped yet.
Well, it's the other tokens on that
list, namely XRP and Cardano. And then
we're going to look at the Chain Link
chart as well, cuz Chain Link's starting
to wake up as well. So, let's go to XRP.
What are we looking at as as far as a
price target for XRP? If we do get a
pump, I like this pivot top from a
August 22. We got this ascending trend
line. You can see, you know, it starts
April 17th. This cap the rally extended
a little bit past, but then, you know,
rejected below. Keep an eye out on this.
This is going to be right around 170.70
target. And that's not it. We also have
this descending trend line and that's
also going to give us just a potential
level. Uh let me try to move it here. I
got to got to get it a little bit
better. There we go. So, keeping out on
that level right there. Let's jump over
to Cardano.
Is an interesting chart on Cardano. Look
at this. So, not the cleanest parallel
channel, but a pretty clean parallel
channel. You can see we try to break
out. Try to break out. Try to break out.
If we do break out, I think we have a 28
cent 29 cent Cardano on the table. Keep
an eye out on that if Cardano can pump
out of this range. Now, let's look at
chain link. Chain link has a descending
trend line going pretty far back, folks.
We're going all the way back to 2021
and then we hit this level. That gave us
our trend line. Now, we wked above but
could not even close a daily candle
above this trend line. And so this is
going to coincide with a strong
psychological number right around $20.
So I mean it's right there $19.99.
And this is also great folks. Let's bust
out this horizontal line.
If we go ahead put it right here about
$19.99.
Look at that folks. Uh rejected,
supported, rejected. Strong strong
strong trend line for chain link folks.
So again, this is a little bit of an ISO
222 pump. We're starting to see it
trickle into other altcoins.
Congratulations if you're holding Quant
for a long time. That thing has surged.
Like we said, 200% gain. That's a 3x in
24 hours. Massive, massive pump. And so
keep an eye out on those other tokens on
that list. And I know it's not going to
be, you know, Quant's not specifically
pumping because of ISO 222, but that's
what people are just grasping for.
They're grasping at these straws. And
when they market buy these tokens, it
could send them to new heights, folks.
So, keep an eye out on those tokens
specifically. I'm Nick Valdez for
Verified Investing. Thanks for sticking
around to the end. Smash that like
button and I'll see you folks in the
future. Appreciate it. Bye-bye.