Members Breakdown - 5 May 2021

BTC

ETH

$4,000 seems to be coming very fast. Where is the supply/asks/sells sitting at? $4,200.

DOT

DOT is beginning to heat up with volume. The $40 reclaim (if/when it happens) will open the doors to price discovery.

XRP

Would love to see a bullish engulfing daily candle closure above $1.65 as that is confirmation for further upside and road to $2.

$2 is where we're taking more partial profits.

RUNE

Creation of a new high paired with using the older one as support (i.e. higher low)

$16.50 is the latest support. RUNE is now rallying towards new highs and the levels in sight are all round psychological numbers $20-$25-$30

After $30 usually the $5 increments no longer hold too much relevance and it becomes $10 increments

$20-$25-$30-$40-$50 etc.

FTT

Yesterday's bearish engulfing candle was not positive for bulls, especially after a breakout. However, it did come induced by Bitcoin's price drop. Reclaiming ground by daily closure is important for further upside.

Otherwise another test of $50 is possible.

SOL

SOL still looks poised to retest $40.75. Which sits as support & can lead back towards $49. We don't mind these short-term fluctuations nor do we pay them much mind

We do state them for anyone trading the shorter timeframes.

SRM

Do we need to say more? $10 turned into support. Who would've thought that SRM was trading in a low 1 digit region.

RAY

Perhaps the most interesting opportunity out there in our opinion (not financial advice) This breakout is going unnoticed and this stagnation post-breakout is shaking out many.

Impatience does shake out market participants (Reminder).

 

Disclaimer: Not financial advice nor any sort of recommendation.