Sora has been holding strong throughout the tumultuous market.
Charting XOR vs wrapped ETH, it looks like a bullish structure, respecting all the important levels.
It flipped the diagonal r/s line. retested, and got rejected at the first major resistance. Assuming it accumulates some before breaking through it.
If this chart plays out - the end result is a 2x vs ethereum, but considering we are expecting the price of eth to boom with the transition to eth2.0 and the supply lock for staking. This could mean a good r/r relative to the USD. I am keeping an eye on this one over the next week or so to confirm.
I tried something new to track the path and bounces I expect it to make, so I can review the play by play when it is all said and done. Please note, the path is relative and does not imply timing.
Thoughts on overall market cap and market trend:
Charting XOR vs wrapped ETH, it looks like a bullish structure, respecting all the important levels.
It flipped the diagonal r/s line. retested, and got rejected at the first major resistance. Assuming it accumulates some before breaking through it.
If this chart plays out - the end result is a 2x vs ethereum, but considering we are expecting the price of eth to boom with the transition to eth2.0 and the supply lock for staking. This could mean a good r/r relative to the USD. I am keeping an eye on this one over the next week or so to confirm.
I tried something new to track the path and bounces I expect it to make, so I can review the play by play when it is all said and done. Please note, the path is relative and does not imply timing.
Thoughts on overall market cap and market trend:
