Latest / The Paul Barron Crypto Show / DeFi Altcoin Summer?🚀Technical Analysis w/ Investing Broz

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DeFi Altcoin Summer?🚀Technical Analysis w/ Investing Broz · The Paul Barron Crypto Show

0:06
Speaker 1: Let's dive into DeFi today and the all coins that
0:08
Speaker 1: could be exploding along with it. We'll break it down
0:11
Speaker 1: for you. We get a special trader in the house, mena,
0:13
Speaker 1: it's Paul Bara. Welcome back in a tech path. Let's
0:15
Speaker 1: roll into it. I do want to thank our sponsor, Tangem.
0:17
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0:20
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0:22
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0:26
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0:29
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0:31
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0:34
Speaker 1: new to crypto, don't get intimidated with self custody. You
0:37
Speaker 1: can actually do it just by jumping on to the
0:39
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0:42
Speaker 1: can set it up in like three minutes. I'm going
0:45
Speaker 1: to say yes, you can, so check it out. Use
0:47
Speaker 1: our link down below to get started. All right, I
0:50
Speaker 1: want to bring in Tim Warren coming in from investing Bros.
0:53
Speaker 1: You guys will know the channel, the myth, the legend.
0:57
Speaker 1: Investing Bros. You guys visit no seriously invest investing in
1:02
Speaker 1: the roads, does a good job on their channel, and
1:04
Speaker 1: they're kicking it over there. Make sure and jump in
1:07
Speaker 1: say hi to him and t shroom. We'll talk about
1:09
Speaker 1: a battle. Man. We got a battle that is going
1:12
Speaker 1: head to head, and that is Trump versus Powell. Man.
1:16
Speaker 1: Trump is just not letting up on this guy. He's
1:19
Speaker 1: now he is the dumbest and most destructive person in America.
1:23
Speaker 1: And we are losing billions according to Trump, all based
1:27
Speaker 1: on these interest rate non modifications, which everybody's kind of
1:31
Speaker 1: pointing to. Do you think we're going to get a
1:33
Speaker 1: rate change this year at all? A dour trend rate?
1:36
Speaker 1: What are the thoughts?
1:38
Speaker 2: I think signs are still pointing towards September, and I
1:41
Speaker 2: know we're going to get into a lot of doom
1:43
Speaker 2: and gloom with how Jerome Powell kind of handled the interview,
1:46
Speaker 2: because there are definitely some things in it that we're
1:49
Speaker 2: not good rights. But I think something that was done
1:52
Speaker 2: on the front end if you looked at the initial
1:54
Speaker 2: reports that they gave and even his opening statement he
1:57
Speaker 2: talks about how the economy is diminishing but is still elevated.
2:03
Speaker 2: They also in the previous meeting had concerned. They wrote
2:06
Speaker 2: in the report concern for stagflation, So for all the
2:10
Speaker 2: people listening, stagflation is when both in the unemployment levels
2:13
Speaker 2: and inflation rise at the same time. They removed that
2:16
Speaker 2: concern from this month's statement, which is actually a sign.
2:22
Speaker 2: That's a very good sign, which the only logical thing
2:25
Speaker 2: could be. Well, they don't think inflation's as bad necessarily
2:28
Speaker 2: as it once was. There's still some indecision and uncertainty
2:31
Speaker 2: about what exactly tariffs will look like. I think this
2:35
Speaker 2: will be a big one. I think is the next one,
2:37
Speaker 2: because he made a light projection that's going to be
2:41
Speaker 2: very important for what he answers questions in July. He
2:44
Speaker 2: said how even though inflation hasn't increased the early stint
2:49
Speaker 2: of the tariffs, were starting to see some increases in pricing.
2:54
Speaker 2: And since he's so data driven, if he's right, then
2:57
Speaker 2: we should see inflation rise over the next month, which
3:00
Speaker 2: case CPI will rise inflation numbers rise, But if we
3:03
Speaker 2: get into July and those numbers haven't risen, and as
3:06
Speaker 2: his own word said, we're starting to see the repercussions
3:09
Speaker 2: of tariffs. If the tariffs of coming in and inflation's
3:12
Speaker 2: not going up. Yeah, he's going to have a foot
3:15
Speaker 2: in his mouth unless he starts looking at cutting rates
3:17
Speaker 2: next month.
3:18
Speaker 1: Yeah. The argument has been is that the supply chain,
3:22
Speaker 1: whether it's the retailers themselves or the manufacturers, are going
3:25
Speaker 1: to absorb this.
3:26
Speaker 2: You know.
3:26
Speaker 1: Granted, yes, a lot of these companies are you know,
3:29
Speaker 1: highest profits ever over the last five years. So yeah,
3:32
Speaker 1: they could probably take a little bit absorption. Some of
3:34
Speaker 1: the retailers have already said they would, So I think
3:36
Speaker 1: it's still up in the air. But the uncertainty level
3:40
Speaker 1: is still ticking off very high. I want to play
3:42
Speaker 1: a clip for you. This is Trump almost guaranteeing uncertainty.
3:46
Speaker 1: Take a look.
3:48
Speaker 3: You think I'm going to answer that way?
3:50
Speaker 2: Will you strike the Iranian nuclear component?
3:54
Speaker 3: I mean, you don't know that I'm going to even
3:56
Speaker 3: do it. I may do it, I may not do it.
3:58
Speaker 3: I mean, nobody knows.
3:59
Speaker 1: What I'm going to do.
4:00
Speaker 2: Do you think it's too late to now?
4:02
Speaker 3: Nothing? Too late? The only thing too late is Powell
4:04
Speaker 3: Pals too late? Too late?
4:06
Speaker 1: Powell, have you Runnis reached out to you, mister president?
4:09
Speaker 1: What have you Runnie has reached out to you?
4:11
Speaker 3: Yes?
4:12
Speaker 2: And what did he say, I said, it's very late.
4:16
Speaker 3: You know, Well, I don't know how much longer it's
4:19
Speaker 3: going to go on.
4:20
Speaker 4: Then what does unconditional surrender mean?
4:23
Speaker 3: You know what I mean? Can you explain it?
4:25
Speaker 4: Promo show words?
4:26
Speaker 3: That means I've had it?
4:28
Speaker 2: Okay, I've had it.
4:29
Speaker 1: I give up.
4:30
Speaker 3: Look, nothing's finished until it's finished. You know, war is
4:33
Speaker 3: very complex. A lot of bad things can happen, a
4:35
Speaker 3: lot of turns a mad. So I don't know, we'll
4:37
Speaker 3: see the next week is going to be very big,
4:39
Speaker 3: maybe less than a week, maybe less.
4:41
Speaker 2: Have a good time.
4:43
Speaker 1: I don't know that. Sometimes Trump feels like he's crazy
4:46
Speaker 1: like a fox or just crazy. I don't know which
4:48
Speaker 1: it is.
4:49
Speaker 2: Well, I'll say this, I'm sure Donald Trump watches the
4:52
Speaker 2: Paul Baron Show. Yeah, he's watching us right now. Yeah,
4:55
Speaker 2: Donald Trump, uh getting that. I think you're tired, like
4:58
Speaker 2: I think you watched that clip and it's very clear
5:02
Speaker 2: he's tired of people's people. He perceives as being dune.
5:05
Speaker 1: He's a little punch.
5:07
Speaker 2: He's you can just tell. I mean to be granted,
5:10
Speaker 2: if you're dealing potentially on the verge of war, you
5:12
Speaker 2: think the economy needs stimulus from the FED and they
5:14
Speaker 2: keep not doing their job. You're getting attacked by people
5:17
Speaker 2: that helped support you in your campaign. I understand if
5:21
Speaker 2: he might be a little light on sleep here, but
5:23
Speaker 2: that's what I watched that clip, and it's just funny.
5:25
Speaker 2: That's the first thing that pops off to me. I
5:26
Speaker 2: was like, that's a man right there that needs a nap. Yeah.
5:30
Speaker 1: Well, the thing he well, he was he was able
5:32
Speaker 1: to come away from his nap long enough to be
5:34
Speaker 1: able to tweet out on true social especially around the
5:37
Speaker 1: stable Cooin Act. And of course this passed through the Senate.
5:40
Speaker 1: Here's Tarrett talking about this, and she's hitting on this
5:43
Speaker 1: is because there's a lot of people making calls now
5:46
Speaker 1: in from the industry saying, hey, this could happen very quickly.
5:51
Speaker 1: You look at this obviously rolling through Capitol Hill. Likelihood
5:56
Speaker 1: is next up, we're going to see the market Structure bill.
5:58
Speaker 1: This could start a little bit domino effect. And we've
6:01
Speaker 1: already seen Circle is exploding, Robinhood is exploded, anybody that's
6:05
Speaker 1: got a stable coin component coinbase. In terms of traditional stocks. Now,
6:09
Speaker 1: I think now the trad fi investors are starting to
6:13
Speaker 1: wake up and go, oh wait a minute, there is
6:15
Speaker 1: this crypto thing that seems to be brewing right now,
6:19
Speaker 1: So that is a good sign overall. One of the
6:22
Speaker 1: things that it could point to is Ethereum. Here we
6:26
Speaker 1: go eighth bullish catalysts. Remember they had the Ico twenty
6:29
Speaker 1: seventeen defy summer, then we went in twenty twenty one
6:33
Speaker 1: was NFTs this year. Stable coins? Do you think that
6:36
Speaker 1: will be the case for exploding this cycle for Ethereum?
6:42
Speaker 2: Yeah, I think that Ethereum obviously will benefit because a
6:44
Speaker 2: lot of these stable coins have been built there. The
6:46
Speaker 2: other one to track and remember is a lot of
6:49
Speaker 2: these stable coins there need to have proof of reserves
6:51
Speaker 2: and the greatest way to verify that will be the
6:54
Speaker 2: coin that everyone gives me a hard time for being
6:55
Speaker 2: a fan of. But it's shameink shame leak will be essential.
6:59
Speaker 2: And guess what, Chamelin was built on Ethereum as well.
7:01
Speaker 2: So Ethereum I think will benefit, you know very much.
7:04
Speaker 2: We I think all of crypto will. I know there's
7:06
Speaker 2: a world in which stable coins do very well and
7:08
Speaker 2: all coins don't. But I see a lot of people
7:11
Speaker 2: as they get more comfortable with holding value on the blockchain.
7:15
Speaker 2: Maybe it starts off with just stable coins, but that's
7:18
Speaker 2: one of the hardest things to get into. Just getting
7:20
Speaker 2: your money out of the bank, getting your money out
7:22
Speaker 2: of what you're used to and into the blockchain. You'll
7:26
Speaker 2: learn a whole lot more and that can that's gonna
7:27
Speaker 2: be very beneficial for Bitcoin, obviously very beneficial from Ethereum
7:30
Speaker 2: from a fundamental standpoint, but then other allt coins as well.
7:33
Speaker 2: The more people get involved there, the more they'll learn
7:36
Speaker 2: about crypto as a whole, and their eyes will start
7:39
Speaker 2: to wake up to the same reasons why people can
7:41
Speaker 2: remember Michael Sailor Right now, all you can think of
7:43
Speaker 2: with Michael Sailor is the color orange, and he's the
7:46
Speaker 2: biggest bitcoin proponent or a Maxi on the planet. He
7:49
Speaker 2: at one point hated blockchain technology as a whole. He
7:52
Speaker 2: said the whole thing was a Ponzi scheme. How many
7:54
Speaker 2: more Michael Sailors will we have here in the next
7:56
Speaker 2: four or five years as the world moves further further
7:59
Speaker 2: into cryptocurrency. They once hated it, but now they belove it.
8:03
Speaker 2: I think that's what we're in the future for.
8:06
Speaker 1: Well, so we're gonna have We're gonna talk about some
8:07
Speaker 1: of them and then they're gonna be living in the
8:08
Speaker 1: ETH ecosystem. What is your current prediction on ethereum when
8:12
Speaker 1: you look at your chart on eth right now and
8:15
Speaker 1: where it's trading. We had a little bit of breakout
8:17
Speaker 1: here over the last couple of weeks, but then we
8:18
Speaker 1: installed a little bit what's your current situation.
8:22
Speaker 2: Yeah, there's a couple coins out there that are absolutely
8:24
Speaker 2: They dropped a little lower than I thought they were
8:25
Speaker 2: gonna pull back on some of this you know, uncertainty
8:29
Speaker 2: when it comes to Iran and Israel, but Ethereum holding
8:32
Speaker 2: up extremely well. I think I said this on your
8:35
Speaker 2: channel last week. As long as we don't drop back
8:38
Speaker 2: below twenty four hundred, right, we're gonna be okay. And
8:41
Speaker 2: the reason why I kind of put that line in
8:42
Speaker 2: the sand is because that was the last major touch
8:44
Speaker 2: here back on June fifth, and we had some you know, discouragement,
8:48
Speaker 2: and then we popped back up and take a look here,
8:51
Speaker 2: we are humming along, keeping that supply at that support level.
8:55
Speaker 2: You can't say necessarily the same thing for the likes
8:57
Speaker 2: of like on Do, which of course has been coming
8:59
Speaker 2: back down here Cardano coming back down towards sixty cent
9:03
Speaker 2: Suie of course, splashing back down with below three dollars,
9:06
Speaker 2: Ethereum is holding up very well despite the fact that
9:10
Speaker 2: even Bitcoin dominance, you know, after giving a little break
9:13
Speaker 2: of thinking maybe bitcoin dominance' was gonna pull back down
9:15
Speaker 2: towards sixty two, it got back up over sixty five.
9:18
Speaker 2: And yet still Ethereum holds that strong support. And the
9:22
Speaker 2: reason why this strong support's really important is because, like
9:24
Speaker 2: you said, we talked about this a couple of weeks ago,
9:26
Speaker 2: Theoreum had its little breakout back here early in May.
9:29
Speaker 2: But this consolidation period is only a holding pattern before
9:33
Speaker 2: the next big move. And again, the formation that's in
9:37
Speaker 2: play right here would be called a bull pennant bull
9:40
Speaker 2: penance if it ends up playing out correctly. As long
9:43
Speaker 2: as we stay above twenty four hundred, the probability of
9:45
Speaker 2: a breakout towards thirty eight hundred remains the most likely
9:49
Speaker 2: outcome for a big breakout. A big breakout is for certain.
9:52
Speaker 2: When you consolidate like this, you're either gonna break out
9:55
Speaker 2: majorly to the upside or majorly to the downside. In
9:58
Speaker 2: this case, Ethereum could drop back down towards eighteen hundred.
10:01
Speaker 2: But if you're going to ask me the question about probabilities,
10:04
Speaker 2: which is the more probable breakout for ethereum. I'm still
10:07
Speaker 2: going to keep my finger on that thirty eight hundred
10:09
Speaker 2: mark instead of only eighteen hundred.
10:12
Speaker 1: Well, and that's something that we're watching around the idea
10:15
Speaker 1: of what we're going to see in DeFi, and that
10:17
Speaker 1: could be the explosive summer that we've kind of been
10:20
Speaker 1: looking to. Unichain is now partnered up with Morpho Labs.
10:24
Speaker 1: This is going to be where you'd be able right now.
10:26
Speaker 1: Morpho does the same thing with coinbase where you can
10:29
Speaker 1: loan against your bitcoin. Now Morpho Live is going to
10:32
Speaker 1: be able to allow you to do borrowing inside DeFi.
10:36
Speaker 1: Now I'm not saying that you should do. That point
10:37
Speaker 1: being is that uniewap might be the new Holy Grail.
10:41
Speaker 1: And if you look at uniswap's chart right now, it
10:45
Speaker 1: is looking pretty solid. What do you like around uniswap.
10:50
Speaker 2: Yeah, when it comes to uniswap, I mean this was
10:52
Speaker 2: one I think we talked about a long long time ago.
10:54
Speaker 2: We talked about potential to the upside. This is one
10:57
Speaker 2: that has great potential to the upside. Weeks ago we
11:00
Speaker 2: were tracking the falling channel. It was in. We predicted
11:03
Speaker 2: a bullish breakout. I think it took a little longer
11:05
Speaker 2: than we thought. I mean this is months ago actually,
11:07
Speaker 2: because it didn't break out until back in April. But
11:09
Speaker 2: that's a nice steady I'll say this. If you're tracking
11:12
Speaker 2: trends on the daily chart, you have a nice solid,
11:16
Speaker 2: higher high and higher low thing going on. It is
11:19
Speaker 2: gonna be something to definitely pay attention to for a
11:22
Speaker 2: possible pullback depend on how you draw these, but ultimately,
11:26
Speaker 2: this rising channel. I'm not gonna change the colors just
11:28
Speaker 2: for the sake of time, but this rising channel, unless
11:31
Speaker 2: we can get a confident break to the upside with
11:33
Speaker 2: big volume coming in, this is one that I'd be
11:36
Speaker 2: a little worried it could have a pullback here. I mean,
11:38
Speaker 2: even when we're talking about those money flows and different things,
11:41
Speaker 2: the good news is the money flow is just not
11:42
Speaker 2: very aggressive right now. It's not really telling us strong
11:45
Speaker 2: one way or the other. But you can see on
11:47
Speaker 2: the daily chart it is starting to come back out.
11:50
Speaker 2: Good sign right here though. This is a green dot
11:52
Speaker 2: coming in here today on the daily chart. If that
11:55
Speaker 2: can hold and close tonight, that could be a stopping
11:59
Speaker 2: of the bleeding I'm assuming you we're gonna have some
12:01
Speaker 2: green dots on twelve hours. We have a little bit
12:03
Speaker 2: of a bullish bubble to the downside of the twelve
12:05
Speaker 2: hour chart. So do we see a pop back up
12:07
Speaker 2: here back towards resistance. Yeah, I think we can see
12:10
Speaker 2: a pop back up to nine dollars. If these green
12:14
Speaker 2: dots can hold on the twelve hour and daily chart,
12:16
Speaker 2: we could see a pop back up. But until again,
12:19
Speaker 2: let's let's call it somewhere here in the world of
12:21
Speaker 2: nine to fifty. If we can't break back above nine
12:24
Speaker 2: to fifty soon, this channel has an increased probability of
12:28
Speaker 2: a downward move, and my target would probably be potentially
12:31
Speaker 2: a pullback back as low as five to seventy, unless
12:33
Speaker 2: the bulls can take back over contry.
12:35
Speaker 1: Yeah. Well, if you don't believe us in terms of
12:38
Speaker 1: where this might be going, listen to what Matt Hogan
12:41
Speaker 1: had to say about UNISWAP. Yeah.
12:44
Speaker 3: I think I think.
12:45
Speaker 4: That's absolutely right. I actually think we're on the cusp
12:47
Speaker 4: of a DeFi renaissance, both from a utility perspective and
12:51
Speaker 4: from an investment perspective. And so you have all these
12:54
Speaker 4: poor tokenomic designs embedded into these defive protocols I expect
12:59
Speaker 4: as right changes, you're going to see that switch. You're
13:02
Speaker 4: going to see much more direct monetization, and then investors
13:06
Speaker 4: going to realize that these assets are substantially undervalued versus
13:10
Speaker 4: the economic value that they're delivering to their customers. You
13:14
Speaker 4: look at something like you know, UNISWAP doing seventy eighty
13:17
Speaker 4: billion dollars of trading volume. That's an enormously valuable business
13:21
Speaker 4: with very low overhead. I think once we get this
13:24
Speaker 4: economics rate, I think there'll be a repricing of DeFi interesting.
13:29
Speaker 1: So repricing on DeFi could be a big deal. If
13:32
Speaker 1: you look at the charts right now and on DeFi LAMA,
13:36
Speaker 1: you can kind of see a little bit in terms
13:37
Speaker 1: of fees and UNISWAP, I mean this is now above
13:41
Speaker 1: pump dot fun I mean it's not far behind. It's
13:45
Speaker 1: about half the rate of where a circle is setting.
13:47
Speaker 1: And if you look at a potential of a lowering rate,
13:52
Speaker 1: let's just assume that the Fed drops the interest rate,
13:55
Speaker 1: which we think is going to happen, then you're going
13:58
Speaker 1: to see some money start to move out of money
14:00
Speaker 1: markets and out of USDC and they're to try to
14:02
Speaker 1: go to deploy, and that's where you could see a
14:05
Speaker 1: lot happening, and obviously the DeFi ecosystem, which is where
14:09
Speaker 1: we could see some yields playing out. So I'm on
14:11
Speaker 1: that camp for sure. Speaking of that DeFi, Coinbase announced,
14:17
Speaker 1: you know they're going to be doing you know, the
14:18
Speaker 1: capability of now just exploding the DeFi ecosystem. You'll be
14:22
Speaker 1: able to trade almost everything on coinbase. Many people are
14:25
Speaker 1: speculating that Arrow could be one. I think it's still
14:28
Speaker 1: going to be uniswap that would be the one that integrates.
14:32
Speaker 1: When you look at aerodrome right now, would this be
14:35
Speaker 1: a token you would go into at its current position.
14:39
Speaker 2: Yeah. We actually went in as a community with the
14:42
Speaker 2: Investing Bros. Group back here when we broke out of
14:45
Speaker 2: this channel back in June. Now, I did not know
14:48
Speaker 2: we're going to come up this fast, this far, this fast,
14:51
Speaker 2: and we are starting to run into some resistance levels
14:54
Speaker 2: you can see here on the daily and twelve hour charts.
14:56
Speaker 2: We're running into those resistance clouds without I liquidity that
15:00
Speaker 2: you just mentioned, without the added you know, rate cuts
15:03
Speaker 2: coming in, I'm not going to put a lot of
15:06
Speaker 2: you know, weight into us breaking this red cloud which
15:09
Speaker 2: does happen during explosive moves. So for example, if you
15:12
Speaker 2: come back over here to the fall of twenty nine four,
15:14
Speaker 2: we kind of stretched these clouds after the Trumpet announcement
15:19
Speaker 2: was made. That was during high levels of liquidity coming
15:22
Speaker 2: in high levels of optimism. You don't break through these
15:25
Speaker 2: red clouds without that added boost, added juncture. But here's
15:29
Speaker 2: I'll say Aerodrome has been carrying crypto gains over the
15:33
Speaker 2: last couple of weeks on their back. I mean, what
15:36
Speaker 2: other coin out there is making people as much money
15:39
Speaker 2: since back here in early June more so than Aerodrome.
15:42
Speaker 2: I'm sure you can find a coin number five, four
15:45
Speaker 2: hundred and seventy fifth that's had a bigger rally. But
15:47
Speaker 2: you get my take here. If we're looking at the
15:49
Speaker 2: top one hundred projects, Aerodrome is standing alone right now,
15:52
Speaker 2: and I think that's a sign of something to come.
15:55
Speaker 2: Even if I think that we should have some form
15:57
Speaker 2: of a pullback here, and we probably should look at,
16:00
Speaker 2: you know, at the very least making moves back down
16:02
Speaker 2: towards the four hour smart trail, probably realistically even looking
16:06
Speaker 2: towards this twelve hour back towards sixty eight cents. The
16:09
Speaker 2: reality is this is a sign of confidence in I
16:13
Speaker 2: wouldn't be going against it. I'm not a big fan
16:15
Speaker 2: of people necessarily going into it right here and right now,
16:18
Speaker 2: as it's had a large pump, it's up very high,
16:20
Speaker 2: it's hitting resistance. But at the same time, as we're
16:23
Speaker 2: looking at the next couple of weeks and months, when
16:27
Speaker 2: you're deciding what to put your extra capital into, there's
16:30
Speaker 2: a split of thoughts. Some people like to take the
16:32
Speaker 2: coins that have done nothing and they say, well, once
16:35
Speaker 2: this coin does pop off, od the greatest return. But
16:37
Speaker 2: there's also a lot of credit to be said choosing
16:39
Speaker 2: winners like Aerodrome that are succeeding in the boring moments.
16:42
Speaker 2: Imagine when liquidity actually starts flowing, just how high a
16:46
Speaker 2: coin like Arrow could fly.
16:48
Speaker 1: Yeah, I think DeFi are going to be some of
16:49
Speaker 1: the key projects out Everybody always ask, you know what
16:53
Speaker 1: categories and if you just look at what's going on
16:55
Speaker 1: in the DeFi and understand that the likelihood with stable
16:58
Speaker 1: coins with all the regulatory lineup. When you think about
17:02
Speaker 1: just some of the things that are happening right now
17:04
Speaker 1: that are very beneficial for DeFi, very good going forward.
17:08
Speaker 1: Speaking of that, let's talk about Arbitram. Here's Matt Hogan
17:12
Speaker 1: talking about while everybody's focused on Pale Robinhood is trying
17:16
Speaker 1: to evaluate right now of using Salona ar Arbitram. We
17:18
Speaker 1: think it's gonna be Arbitram as the backbone of their
17:21
Speaker 1: new service that's going to give token is stocks. This
17:24
Speaker 1: is coming to the US at some point. So if
17:27
Speaker 1: they do go that direction, that would be a boom
17:30
Speaker 1: obviously for Arbitram, absolutely, and it would change maybe the
17:34
Speaker 1: destination of Arbitram as a layer two. When you look
17:38
Speaker 1: at Arbitram right now, would it be an entry point
17:41
Speaker 1: for you?
17:43
Speaker 2: Well, I'll say this, I think you're gonna want to
17:44
Speaker 2: wait for that news to break. I think you're gonna
17:46
Speaker 2: want to wait to see that's for certain. Again, I
17:48
Speaker 2: kind of just got out of his whole statement. Some
17:50
Speaker 2: people like to buy coins when they're low. Other people
17:52
Speaker 2: like to buy winners as they have pullbacks. Arrow is
17:55
Speaker 2: a great example of a winner that needs a pullback
17:58
Speaker 2: before you get in. Arbitram would be a good example
18:00
Speaker 2: if you're gonna invest in a coin that's not done
18:03
Speaker 2: a lot and therefore has greater upside potential. But take
18:06
Speaker 2: a look at this chart here, let me go the
18:08
Speaker 2: daily chart, just kind of fix it. This is just
18:11
Speaker 2: not good. There's not a lot of projects that have
18:14
Speaker 2: this type of negative momentum building from a support and
18:18
Speaker 2: resistant standpoint. I mean, even if Aero popped all the
18:21
Speaker 2: way back up to sixty eight cents, you're still sitting
18:24
Speaker 2: here watching this saying, man, that's such a negative lower
18:27
Speaker 2: high and lower low here on the grand scheme of things,
18:31
Speaker 2: you know, go even lower here. You're kind of starting
18:34
Speaker 2: to deal with this falling level resistance right here in
18:36
Speaker 2: a falling wedge. So if that news, if that news
18:39
Speaker 2: comes and hits, it could be very positive news. I mean,
18:41
Speaker 2: we could see this send the price of Aerodrome all
18:43
Speaker 2: the way back up here. Excuse me, let me grab
18:45
Speaker 2: this time. A lot of yellow on my chart right here, arbatrum,
18:48
Speaker 2: excuse me, you're right, I read the other one, arbitrump.
18:51
Speaker 2: Excuse me. It can send price backup to a dollar
18:53
Speaker 2: thirty on the breakout, and that'd be a great news.
18:56
Speaker 2: But if it doesn't get the robin Hood contract, if
18:59
Speaker 2: it does end up becoming the coin for Hood, this
19:04
Speaker 2: this chart's a very scary looking chart for a longer
19:07
Speaker 2: term investor trading wise, Hey, go for trades. It is
19:11
Speaker 2: clearly still a volatile chart. It's not dead, it's not zero.
19:14
Speaker 2: Look for volume to come in, look for breakouts of
19:16
Speaker 2: support and resistance. But as far as long term holds,
19:19
Speaker 2: I mean, I said this a long time ago. Layer
19:22
Speaker 2: twos exploded so much during twenty twenty one, there were
19:26
Speaker 2: such a pivotal part of that bullmarket. I think people
19:30
Speaker 2: are gonna be a little surprised Layer twos are not
19:32
Speaker 2: the main story this time. They're not gonna be the
19:34
Speaker 2: coins that are thirty x forty xing and making you
19:37
Speaker 2: a lot of money, and so Arbitrump's gonna need to
19:40
Speaker 2: They're gonna need to do something and stand alone. They
19:42
Speaker 2: can't just be a good scaling solution for Ethereum. They
19:45
Speaker 2: need to stand out in a contract with Hood, one
19:48
Speaker 2: of the faster growing, higher exchanges. That would be absolutely monster.
19:52
Speaker 1: Mental it'd be huge, Yeah, it'd be huge.
19:54
Speaker 2: But they gotta close it first.
19:56
Speaker 1: Yeah, yeah, for sure. Well, I mean we've seen this
19:58
Speaker 1: around a lot of these different and narratives, But the
20:01
Speaker 1: point is is now we are finally at the opportunity
20:05
Speaker 1: where a lot of these companies can start to actuate
20:07
Speaker 1: on much of the idea of where blockchain is going
20:10
Speaker 1: to be, especially around token is stocks. Hey listen, Tim,
20:14
Speaker 1: what is going on on avalanche? We're watching stable coins
20:18
Speaker 1: right now on the avatch ecosystem. It is bleeding like crazy,
20:23
Speaker 1: and it's actually if you go back low wise, I mean,
20:26
Speaker 1: it's maybe potentially going down under a billion. But the
20:30
Speaker 1: last time we really saw this was back in twenty
20:32
Speaker 1: twenty one, a low like this, the lull, yes, during
20:35
Speaker 1: the bear market, but then you had the rise and
20:37
Speaker 1: then now all of a sudden, stable coins starting exit avalanche.
20:41
Speaker 1: What is going on with Avalanche in terms of a chart.
20:44
Speaker 2: Yeah, it is a sad story. I still like AVAX
20:47
Speaker 2: long term, but the chart just, you know, I've said
20:49
Speaker 2: this on your show before. It's a chart that you
20:52
Speaker 2: know months ago, didn't preach a lot of bullishness with
20:57
Speaker 2: lower highs dating back to the March twenty twenty four dates,
21:02
Speaker 2: but it was one of those things fundamentally just there's
21:04
Speaker 2: so much happening for it here recently, Like you said,
21:06
Speaker 2: the chart has been bleeding. I mean, this is just
21:09
Speaker 2: not a good looking chart right now. I'm not ready
21:11
Speaker 2: to dump my Avax just yet, but after a bullish
21:14
Speaker 2: breakout of a falling Wench pattern. We didn't just come
21:17
Speaker 2: down and touch support. We're now continued to lose. We're
21:20
Speaker 2: actually the lowest we've been since all the way back
21:22
Speaker 2: here in April of this year. Not a lot of
21:24
Speaker 2: all coins are like that. Most all coins are still
21:27
Speaker 2: above lows we had earlier in the month. Now you're
21:30
Speaker 2: gonna start getting extremely overextended here. This is gonna be
21:33
Speaker 2: one of the few charts that as you look at
21:35
Speaker 2: longer time frames like the daily, we're starting to test
21:37
Speaker 2: that thirty on the RSI. We're back majorly overexposed. I
21:40
Speaker 2: think if you were to go to like the four
21:42
Speaker 2: hour chart, it looks like the four hour chart is
21:44
Speaker 2: probably gearing up for some form of a nice bounce back.
21:47
Speaker 2: I think this was one that's gonna be interesting to
21:49
Speaker 2: trade with. You just very simple moves back up towards
21:53
Speaker 2: twenty dollars to trade the volatility of But in a nutshell,
21:57
Speaker 2: you come back out to the longer time frames if
21:58
Speaker 2: you're talking about longer terms, because I could talk trading
22:01
Speaker 2: all day every day and get a lot of nuances here.
22:04
Speaker 2: It's the long term investors that are questioning should I
22:07
Speaker 2: keep holding my AVAX and I would say, listen, if
22:10
Speaker 2: you want to jump ship, you know that's up to you.
22:13
Speaker 2: But for me to get confident once again, we got
22:15
Speaker 2: to get back about this daily smart show. We gotta
22:17
Speaker 2: start cooking again once again. We got to break these
22:20
Speaker 2: lower high and lower low trend we've been in on
22:22
Speaker 2: the daily chart. Let's get back up here above twenty
22:24
Speaker 2: three dollars and then I think you're gonna start getting
22:27
Speaker 2: some more confidence about AVAX. But for now, it's a
22:30
Speaker 2: hard chart to watch if you're a long term holder
22:32
Speaker 2: of the coin it is.
22:34
Speaker 1: It is one of those things, like I said, when
22:37
Speaker 1: you start see stable coins bleeding out of the ecosystem,
22:40
Speaker 1: that concerns me as as a whole. One other thing
22:43
Speaker 1: I want to get to is with the strategy around Ethereum.
22:47
Speaker 1: Joseph Lubin obvious. So we've talked about sharplink gaming here before.
22:51
Speaker 1: S BET is the ticker and it's been one that
22:55
Speaker 1: has been a skyrocketing and then of course it is
22:57
Speaker 1: retraced down against the show words which have been pretty consistent.
23:02
Speaker 1: But these guys are like one of the top holding
23:04
Speaker 1: I think, let me go over here to yeah, strategic
23:07
Speaker 1: Eth Reserve. They just made the list number two right
23:09
Speaker 1: now behind the Ethereum Foundation. So if this is truly
23:14
Speaker 1: a strategy style play, you know, when you think about
23:18
Speaker 1: micro strategy and what they're doing with bitcoin is sharpening
23:21
Speaker 1: gaming and Joseph Lubin the new potential holders of eth.
23:25
Speaker 1: When you look at as Bet and it's depression under
23:30
Speaker 1: the stress of these short sellers, would this be an
23:33
Speaker 1: entry based on what you know now around ethereum holdings
23:38
Speaker 1: very close?
23:38
Speaker 2: I would say, you know, we talked about this on
23:40
Speaker 2: your show for the last couple of weeks. As Bet.
23:42
Speaker 2: Of course, the big news when it listed over here
23:46
Speaker 2: back earlier in May created this massive gap, and I
23:50
Speaker 2: was on the channel with you and we were trying
23:51
Speaker 2: to talking about when we were up here, like is
23:53
Speaker 2: this the buy right now? And I kind of said,
23:55
Speaker 2: you know what, clearly the fundamentals are exciting and this
23:58
Speaker 2: is a project that could keep going sky high. I mean,
24:01
Speaker 2: look at the micro strategies, look at the ceps of
24:06
Speaker 2: the world that have connected a bitcoin. But I did
24:09
Speaker 2: warn people, hey, let's just watch to see how it reacts.
24:12
Speaker 2: We get a strong bounce back down where we opened
24:15
Speaker 2: up levels later in may or do we start to
24:17
Speaker 2: make a move back down here towards six eighty five,
24:19
Speaker 2: and even though we haven't made it all the way
24:21
Speaker 2: back down there, that is kind of the level that
24:23
Speaker 2: we've kind of now created. Great news. Great news, though,
24:27
Speaker 2: is the same reason it scares you when there's a
24:29
Speaker 2: gap down below. We now have a massive gap to
24:31
Speaker 2: the upside. So I would almost say anywhere in here
24:34
Speaker 2: if you're gonna look for a longer term play here
24:36
Speaker 2: because you believe in ethereum long term, and then therefore
24:38
Speaker 2: you believe in a potential leverage play on that. Wow,
24:42
Speaker 2: this box, that's a very let me change this to
24:45
Speaker 2: yellow so it's a little softer on the eyes as
24:46
Speaker 2: an intense blue box. This zone here between nine and
24:50
Speaker 2: seven dollars is I think a great place to be
24:54
Speaker 2: acquiring cheap levels of s bet right here before the
24:58
Speaker 2: next big explosion. This is again a major sign of
25:01
Speaker 2: things to come. It happened during the Ethereum explosion. Ethereum
25:05
Speaker 2: has been kind of trading sideways. People have been selling
25:07
Speaker 2: off because it's not as exciting right now. But at
25:09
Speaker 2: the logic stands, and this is tied to ethereum. If
25:13
Speaker 2: I'm right about eth making a big, big move to
25:16
Speaker 2: the upside. It's logical, would only say s bet Wood
25:19
Speaker 2: as well. And you're sitting in a nice acquisition zone
25:22
Speaker 2: right now, if you're brave enough to jump into the waters.
25:25
Speaker 1: Yeah, well you look at what's happening with Circle skyrocketing
25:29
Speaker 1: up thirty three percent on the day. You've got Hood
25:32
Speaker 1: also climbing continuously. Then if you even take a look
25:36
Speaker 1: at Coinbase also had another big boom. Most of that's
25:38
Speaker 1: been through stable coins you know that have exactly triggered that.
25:42
Speaker 1: But the point I'm getting at is this is going
25:44
Speaker 1: to open up. I think mainstream you know, mainstream investors
25:47
Speaker 1: are going to start to look at and go, well,
25:48
Speaker 1: what about this ETH thing? I've been watching the ETF
25:52
Speaker 1: inflows have been good. Is there a micro strategy of eth?
25:56
Speaker 1: At some point somebody's going to put those dots together
25:59
Speaker 1: and yeah, you will see some interesting things happening. All right, Tim,
26:03
Speaker 1: We're definitely gonna be getting you guys back on. I
26:05
Speaker 1: know you're coming on soon. We're gonna be doing maybe
26:08
Speaker 1: a trading panel. That will be fun coming up. So
26:11
Speaker 1: always fun to have you on the show. Thank you
26:13
Speaker 1: so much for coming in today.
26:14
Speaker 2: We appreciate it absolutely. Thanks for having me again, Paul.
26:17
Speaker 1: You bet all right. So you guys get in the
26:19
Speaker 1: Diamond Circle. It's our own private group and you can
26:22
Speaker 1: do it and join it for free, and all you
26:24
Speaker 1: have to do is click the link down below to
26:26
Speaker 1: get in on that, and of course follow me out
26:28
Speaker 1: there on x at Paul Baron. We'll catch you next
26:30
Speaker 1: time right here on tech Path