Multi Format Thursday - Volume 17

Bitcoin

Bitcoin has retraced from the $69,000 top. We can only quantify this as a retest of $63,750 as there were no key level breaks here - the story would change though should there be a break of $63,750.

Ether

We've outlined what we've called an "opportunity area" should price dive towards it. While we're incredibly long ETH, we would consider dips towards the [$4,200-$4,400] range as a great opportunity as the R:R on longs would be quite high.

DOT

This is definitely not a sight we're happy seeing - a break of $50 on the daily. While induced by BTC, this does logically bring DOT back to a $40 test soon unless price is able to reclaim that break.

This is a short-term concern, with an entry of $3 this is just noise lol.

SNX

No changes whatsoever to SNX. Either:

• Test of $7.50
• Reclaim of $14.10 for bullish territory re-entry

RUNE

RUNE over the short-term is retesting $12.85 but we're only looking at the mid/long-term here. RUNE has reclaimed the bullish territory and as long as price keeps trading at $11.50 we have our eyes on $21, $50 and $90.

SOL

SOL remains in a bullish market structure over the mid-term (& long-term of course) and unless $200 is lost, we'll keep targeting $300+.

SRM

What a journey SRM has been on since August 2020!

Right here, SRM remains in a range between $6.40 and $8.50 so we'll have to see how this price eventually resolves - whether an upside or downside break.

MINA

$5 reclaimed and now on its way to $10.

FTT

FTT back in the [$50-$60] range. We do project a $100 FTT by end of year but over the short-term price has been very indecisive.

DYDX

$15.90 turned from support into resistance with a perfect wick towards the liquidity area at $12. Given the S/R flip, another test of $12 seems likely.