Multi Format Thursday - Volume 21

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

Bitcoin

Bitcoin has overhead resistance at $53,000 and unless that changes then $45,000 would occur next.

Ether

ETH broke down from a lengthy consolidation as shown in the video above which tells us that $3,200 is on the cards.

If, however, $4,200 gets reclaimed then that would be a different story and bull-mode would be back on.

DOT

DOT is trading inside of the [$26-$28] liquidity area so it'll be a matter of seeing how this range resolves which obviously depends on where BTC and ETH head towards next.

A break from $28 leads towards $40 while a break of $26 leads towards $19.40.

SNX

This range resolves via a break down from $5.50 which sets $4 next up.

RUNE

Tested $5.75 for support and found demand. The next move will depend on the majors and will dictate whether $5.75 holds and we test $8.85 next of if $5.75 breaks.

SOL

SOL broke structure and looks like $150 will likely break unless we see a reclaim of $200 soon.

SRM

We are of the same bias that a bottom would form in the [$2.50-$4.00] range.

MINA

MINA also broke structure just like ETH and SOL and it has support at $3 but could break that if the majors don't pull through in the coming weeks.

FTT

Since the $43.25 break, $35 was on the cards and it is approaching.

DYDX

DYDX is in a bearish market structure and we believe a bottom will occur at the junction between the end of Q1 2022 and the start of Q2 2022.

 

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