Neural Network Tavern 🤖

$MOXIE chart update:

The pennant failed to play out and Moxie traded sideways out of the lower end, below the apex. We did not get a flush to the blue line. From there, it cleared above both of the pennant line extensions forming kind of rounded bottom, which is bullish. 

Bullish scenario here, is to clear the purple horizontal, build support, above that line and then send higher.   An alternate path is an initial rejection at the purple horizontal forming a bit of a cup and handle.

Bearish case is a throwback to the blue horizontal, which I think will be strong support, and won’t lose it by more than a wick. 

There are some big fundamental catalysts coming up next week. 

I think up is more likely than down. I’m giving it about a 70% chance of going higher over the next several days.

Degen-Chad slams another great chart cast. I feel like I’m learning a lot just by following him.

Yo! Whats up @jackwyldes.eth? How have you been?

Im a bit of a degen, but also a chad.
Base Maxi




Good man! How about you? - thanks for sharing all the insights you have on charts

Doing well, other than being sick and super busy with work the last 3 weeks. 

Happy to share charts. Feel free to ask any questions when I post them.

That’s a bummer! Do you have any races coming up?

Oh I will - basically google half of what you post so I can even understand

Do you find that charts are still a good indicator in the space - or rather that they follow the same patterns? 

Not sure I’m asking this right

Was supposed to be racing today, but that’s not happening. Hopefully next month. 

Can you clarify your question a bit?

Yes, but with exaggerated volatility for a few reasons; risk-on capital, low liquidity, the fact that it’s harder to do fundamental analysis on crypto to assign proper valuation.

Otherwise, yes, the same strategies apply.

Do memes and tokens line up with traditional finance charts 

Do they often follow the same patterns