Multi-Format Thursday - Volume 3

BTC

Bitcoin first broke out from $40,000 and turned it into support, now it has broken out from $45,000 and turned that into support. The next level we are looking at is mid-$50,000s, especially as funding has turned very low again which shows lack of confidence from market participants.

ETH

Unlike BTC, Ether is facing resistance at $3,200. We've not seen any strong buying touch ETH just yet which would help it cross above $3,200. There is intermediate support underneath near the psychological level of $3,000.

DOT

DOT is above support and that sets the stage for it to continue its rally towards $27.

SNX

No changes on SNX as it has not yet reclaimed $11, nonetheless it is setting higher lows which increases the odds of an upside break.

RUNE

RUNE's performance will ultimately depend on that of BTC (which dictates the broader market direction). As of now, this token is in mid-air between two key levels ($5.75 & $8.85). We project that support will hold and we'll see a rally towards the $8.85 resistance in the coming weeks.

SOL

After a lot of knocking, SOL has finally broken out from $40 which now sets the stage for a run towards $50 and setting ATHs after it.

SRM

Currently moving slower than SOL, nonetheless SRM is setting intermediate higher highs and higher lows and setting up to rally towards $6.40.

FTT

The most surprising and greatest performance by far as it breaks through resistances like a hot knife through butter. $50 has now been turned from resistance into support.

MINA

MINA is at a liquidity area and treating as support. The bottom end of that area is $2.80 - as long as that price holds on the daily timeframe, MINA is poised to test $4.88.

XRP

After a long quiet time, XRP rallied rapidly yesterday and was able to close a daily candle above the $1 mark; sets the stage for a test of $1.25. Given the strength and the reflexivity of markets, there are decent odds that XRP continues to rally towards $2.

Disclaimer: THIS IS NOT FINANCIAL OR INVESTMENT ADVICE. Only you are responsible for any capital-related decisions you make and only you are accountable for the results.