Jack Butcher Ecosystem Update

Charts on Opepen, Checks VV, Originals

Opepen:
Opepen is still in a upward trend. FP has been floating between .4-.5 for a the last few weeks. Volume is on the lower end.

As of right now, the only entry or reentry I see is around .42 based on a fib retrace. If we don’t break the upward trend and consolidate here for a while, believers and long time horizon can find entry at this point.

Macd is still bullish however, we see thats it making its way to a bearish flip. If the bearish flip is confirmed, then watch for the golden pocket entry mentioned above.

Large wallets are still holding strong. We did see a dump a few days ago but that got eaten up pretty quick.

Checks VV Editions:

Checks Editions currently fell out of the Golden Pocket zone. Since it fell out, we might see a retest of local bottom .62-.64 range. Volume is low.

Macd has flipped bullish on the 1 day though so watch for consolidation here and for price action.

This zone needs to be broken for a reversal. Watch for price action based on speculation of a holder going for a black check. Things typically get moving when that news is floating around.

Checks Originals:

Currently in Golden Pocket so watch for a slight bounce around .39, if no bounce then entry could be at the bottom of the zone(.37). There is little volume on the collection so if it falls out of the golden pocket, then a retest of the low is likely. Macd is bullish on the day chart but bearish overall so watch for a cross over indicating a further retrace.