It's been a fun 2 days with all the breakouts happening! I managed to go with the flow for the breakout of 2 tokens. As always, anything I mention here is not financial advice but my thoughts and my plans on the tokens discussed.

WAVES

I never expected that it would do such a parabolic run, but it was a pleasant surprise! Did I ride the whole thing? No, but I did get on and off multiple times!

This is currently on an all time high, so there is still the possibility that the bullish momentum continues. However, if we check the RSI (14 Setting), we can see that it's grossly OVERBOUGHT.

This means that this is actually a good time to start shorting this stock. This has a long overdue pullback on the daily, BUT you can never tell how crypto will behave. I will look to short this when my parameters say I can, so until then, this is definitely on my watchlist.

LUNA (Currently ongoing)

There's a lot of hype with this recently and for good reason. You can research about it and their plans to buy BTC. Now let's check out the chart!

You can see that it is currently in the all time high. If we expect a similar movement to WAVES, then we're in for a treat! I've currently entered this trade and am waiting for it to do a nice clean parabolic move. I have no plans to add to my position here, but I'm excited for the potential parabolic move! Currently it looks like it's consolidating as seen in this 5 minute chart.

I'm really excited for this and I plan to monitor how different tokens/coins react when breaking the All Time High!

Is this Alt Season?

I honestly hope that it's the start of the alt season once again! That's where all the gains are and it's a really fun time in crypto when everyone can finally start earning from all the coins they've been accumulating in the past few weeks of a semi bearish situation.

Credits

• Charts taken from Tradingview.com and Binance.
• Images created using Canva.com