‘To the Moon’ Watchlist: November 28, 2021

by | Nov 28, 2021 | Watchlists

What’s up, everyone. Matt here.

I hope you all had a delicious Thanksgiving holiday. But now it’s time to get back to the grind…

The market’s been EXTREMELY choppy recently. You have to search hard for an oasis in the desert, that one perfect setup that defies the chop. 

Luckily, Bryce and I are here to help. We have four setups in mind that could rip to the moon regardless of the overall market weakness…

Matt’s Picks

ALERT: MANA is on its way to the moon!

I’ve been talking about this breakout for WEEKS and it’s finally happening! Decentraland (MANA) is hitting new highs every day on major news-driven catalysts. 

Remember that MANA had a huge run from 70 cents to $4.95 back in October after Facebook Inc. (NASDAQ: FB) changed its name to Meta. 

More big news came down the pipe this week when a virtual plot of commercial real estate in Decentraland sold for a record $2.4 million. I mean, are you kidding me?! This is SO bullish!

Now, after a period of consolidation, we’re seeing a major breakout here…

Note: I’m currently long from the high $3s and I’m adjusting my previous $5 price target into $6+. 

Crypto.com (CRO)

Crypto.com (CRO) went hard on advertising by snagging the naming rights to the Staples Center. 

This is a huge deal that puts CRO under the spotlight of arena sports. The coin is reaping the rewards of this aggressive advertising push.

I’m expecting a blow-off top move on Thursday or Friday as everyone talks about CRO over Thanksgiving dinner with family and friends. 

This could lead to a great setup if there’s panic selling following the blow-off top. If we get a 30%-ish move down, I’ll be looking to dip-buy this one…

Bryce’s Picks

Bryce here. Let’s keep it rolling…

Bakkt Holdings Inc. (NYSE: BKKT)

 

I talked about this one last week as well. Pay attention! BKKT seems more and more like a ‘real’ company after it announced a multi-faceted partnership with Mastercard (NYSE: MA) a few weeks back.

The stock quadrupled on the news, from sub-$10 to a high of $42.52. Since then, it’s been bleeding out, now trading for under $20.

Now, as long as $16 holds, I’ll certainly keep an eye on it. I wouldn’t be surprised to see a multi-day bounce to the low-$20s.

But again, it’s imperative that the $16 area holds. I’ll wait for a multi-day range to form and play off of those levels.

All in all, BKKT seems like a reasonable candidate for a bounce if the key levels can sustain.

Bit Brother Ltd. (NASDAQ: BTB)

 

This is a weird bitcoin (BTC)-related play. There’s been some sketchy price action in BTB recently, but now it’s looking primed for a bounce over the next few days. 

It kinda reminds me of the move we saw in Xiaobai Maimai Inc. (NASDAQ: HX) not too long ago. (Right when you think it’s gonna die, it has the weirdest push!)

BTB was getting some solid bids last week after its initial gap-up. It should be a solid watch as long as crypto stays hot.

Note: This isn’t one I want to be stuck in for multiple hours at a time, but I think BTB’s worth keeping an eye on at key levels…

Conclusion

That’s it for this watchlist!

As you’re trading next week, keep in mind how weird the market is acting right now. 

This is a time to be picky with the trades you take and NEVER risk more than you’re willing to lose.

See you next week,

Matt and Bryce

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