BTC/USD
As Bitcoin's recovery fizzled out at $48k, which is the top of the channel that bitcoin seems to be trading, buyers could look to enter
at channel support around 40k.
If the price was to fall further, I would wait for a daily candle close below the channel, which would open up a move even further south
to 35k, although I feel bulls will defend this level aggressively.
at channel support around 40k.
If the price was to fall further, I would wait for a daily candle close below the channel, which would open up a move even further south
to 35k, although I feel bulls will defend this level aggressively.
ETH/USD
Similarly to Bitcoin, Ethereum is also trading within a channel, but with a little more downside before we find any support at $2700.
It is here that I anticipate bulls to attempt to regain control of the market. Furthermore, I have noticed a SR flip zone at $3150, which
may prove pivotal and definitely a level to note.
It is here that I anticipate bulls to attempt to regain control of the market. Furthermore, I have noticed a SR flip zone at $3150, which
may prove pivotal and definitely a level to note.
BNB/USDT
BNB is being squeezed currently between resistance at $450 and a support trendline, I would advise sitting on the side-line until price reaches one
of these two levels. Remaining flat on BNB for now.
of these two levels. Remaining flat on BNB for now.
XRP/USD
The price of ripple has recently bounced at support and is now trading between $0.65 and $0.90. I'm looking for trading opportunities between these
two levels and only between those two levels. Future direction will be determined by whether the price breaks out to the upside.
two levels and only between those two levels. Future direction will be determined by whether the price breaks out to the upside.
SOL/USDT
Recently, Solana (SOL) tried to breakout above $120 area, but failed and created a deviation above the level. I'm not interested in where price sits as
we're positioned between two levels. When the chart below reaches either extreme, I will consider getting into the market.
we're positioned between two levels. When the chart below reaches either extreme, I will consider getting into the market.
ADA/USDT
Similar to Solana (SOL), Cardano is between two key levels and ill wait for either level to come into play before looking at this on the lower timeframes.
LUNA/USDT
I would look for bulls to attempt to defend this current level of support at $77, and I am watching price on the lower timeframes to frame a trade.
If we get a daily close below $75, my bias will change.
If we get a daily close below $75, my bias will change.
AVAX/USDT
I am looking for any indication of bulls stepping into the market to frame a few ideas while Avalanche is trading at one of my daily key levels.
I would prefer a trade back to $96 if we are to bounce here.
I would prefer a trade back to $96 if we are to bounce here.
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