Multi Format Thursday - Vol 38

Disclaimer: Not financial nor investment advice. Any capital-related decisions you make are your entire responsibility and yours only.

 Total Market Cap

Looking at the market from the most important index lens, we can view that prices are near support after having set a higher high and the current potential of setting a higher low. Unless $1.65T breaks, crypto should be relatively good for the remainder of Q2.

Altcoins Market Cap

The same comment regarding the break in market structure can be said about the Alts MCap but the reclaim of $1.115T is crucial to validate any short-term bull thesis.

Bitcoin

Bitcoin is mirroring the Total MCap's situation while being at support here at the [$39,500-$40,650] range.

Ether

ETH on the other hand is mirroring the Alts MCap by having resistance overhead that must be reclaimed for any near term bullishness and upside continuation - in this case $3,200.

DOT

Higher high? Yes but $19.40 turned into resistance invalidates that. This is a level that DOT bulls would want to see reclaimed, otherwise $15 would be up next here.

SNX

Never faded a bullish monthly engulfing candle and not going to start doing so anytime soon. Listen to the video for an update on SNX's fundamentals!

RUNE

Bearish engulfing candle set two weeks ago can be overturned if this week's candle closes a bullish engulfing one above $8.85 - if it doesn't then $5.75 would be on the cards...

SOL

Perfectly nailed trade with the falling wedge breakout leading all the way to the technical target of $120 and beyond. Currently, SOL "could" be setting up for further upside granted that it holds $105. If it doesn't then further downside would be warranted towards $70s - very dependent on what BTC does next.

SRM

$2.50 has been turned into resistance which is bearish and tells us that $1.50 is now on the cards. SRM could save the day if it reclaims $3.

FTT

FTT is in a never-ending range from $35 to $50 and has been since the start of the year. Breakout needed here for direction.

DYDX

Selling pressure is slowly decreasing while trading at our target valuation of [$3-$5]. This is likely to remain boring for a few months time here before people figuring out that they can scoop up a part of an exchange that has massive revenues and start generating good passive income.

MINA

Arguably the best looking chart out of all of the ones covered. Given that $2.20 holds for MINA, $6 is up next.

ALGO (requested)

Quite surprised that someone requested a chart for such a poor performer. ALGO near its lows and beating the market to the downside here. $0.50 looks like the next area of support for ALGO.