Multi Format Thursday - Volume 9

 

Bitcoin

Bitcoin closed a bullish engulfing candle off the [$39,500-$40,650] liquidity area. Market structure remains bearish in the short-term so what is needed to confirm further upside with high odds is a reclaim of $45,000 - that would set the stage for $57,000.

Ether

ETH has also set a bullish engulfing candle on the daily timeframe. The resistance for ETH sits at $3,200 and we’ll need to see a reclaim of that level to invalidate the newly set bearish market structure.

DOT

DOT reclaimed $27 as support and now target is once again $40.

SNX

SNX is back in the [$10.50-$11.10] liquidity area. We’ll have to see where the breakout takes place from.

RUNE

RUNE's price has reclaimed $7.50 with a bullish engulfing candle. $7.50 is an intermediate key level which is acting as support but the market structure remains bearish - this changes if $8.85 is reclaimed.

SOL

SOL has retested $150 but as resistance, a reclaim can help SOL rally towards $200 once again.

SRM

SRM has closed a bullish engulfing candle though $8.50 is acting as resistance - we must see a reclaim across the board of these resistances for the market to enter a safer zone.

FTT

FTT is still in the same [$50-$60] range - until we see a range breakout we can't yet state the most likely direction for FTT.

MINA

MINA rallied yesterday but it currently has flipped $4.88 from support into resistance.

DYDX

$12.75 is support for DYDX and the next level is $15.90.

 

Disclaimer: Not financial nor investment advice. Any capital-related decisions you make are your full responsibility.