Log in

Market Analysis

Weekly Technicals Pro - Volume 42

Updated: Aug 31, 2024
Published: Feb 1, 2021
0
Share:

While sentiment is in the "Greed" region, these recent resets can give further longevity to upside moves. This is a very short yet concise summary of the situation.

Post Feature Image

Market Sentiment

aligncenter size-full wp-image-27077

Market Index

Total Market Cap

aligncenter size-full wp-image-27080

The Total Market Cap is struggling with the $1 Trillion psychological barrier. This chart is mainly posted to analyse the candlestick formation of the latest monthly candlestick. When you compare this to Bitcoin's from image below, you'll find this one more than half of the monthly candle being a full body; note a large wick which would signal selling.

Altcoins Market Cap

aligncenter size-full wp-image-27081

The weekly candle has closed again over the resistance flipped to support: $325B. This sets the next target at the previous All-Time High.

Hint #1 of Alt Season

Bitcoin

aligncenter size-full wp-image-27071

On the monthly chart, the latest monthly candle is not bullish. However, inside of the month Bitcoin will likely revisit high $30,000s. Otherwise, it seems like a local top has been built here.

aligncenter size-full wp-image-27070

From a shorter timeframe perspective, Bitcoin returned back to the $33,000 which coincides with a retest of the broken trendline. After the sizable movement on Elon's candle, followed by a return back, it creates confusion amongst market participants which favours a rally on Altcoins.

Ether

aligncenter size-full wp-image-27073

ETH's monthly candle has closed well above the 2017 monthly high which calls for further continuation in February.

aligncenter size-full wp-image-27074

Price action would have been more bullish had the weekly candle closed over $1,360. Despite that, ETH continues to registers higher high and higher lows.

aligncenter size-full wp-image-27075

On a smaller timeframe, these higher lows are very visible as they communicate accelerating buying power. If this ascending triangle works out (3 out of 4 chances that it does), then ETH will be destined for $1,850+.

aligncenter size-full wp-image-27076

After 885 days of price being stuck under this resistance. This breakout on the ETH/BTC pairing indicates that ETH will likely outperform BTC over the coming weeks.

As long as 0.037 holds on a weekly timeframe, the next level to look out for is 0.058.

SNX

aligncenter size-full wp-image-27082

Similar to the consolidation post-expansion we witnessed on ETH, SNX is looking to further go into discovery (as long as BTC and ETH allow it).

RUNE

aligncenter size-full wp-image-27079

RUNE pulled a spectacular rally over the past 24-48 hours. It is now approaching support (annotated on the chart) from which it may bounce and follow further upside discovery.

DOT

aligncenter size-full wp-image-27072

DOT has advanced massively. However, on a daily timeframe it is stuck in the ($15-$18) region. A breakout either way will inform us further about the next move.

SRM

aligncenter size-full wp-image-27083

SRM is the simplest chart and one we have a lot of confidence in. The breakout from accumulation and slow grind higher communicated that buying acceleration was incoming and it has begun. The target is $3.79 and not a penny less.

FTT

aligncenter size-full wp-image-27078

FTT is also grinding higher with the creation of new highs and retests of the previous ones for support. As long as this remains valid, the next target if $15.

XRP

aligncenter size-full wp-image-27084

From a technical perspective, XRP broke $0.47 which can lead towards $0.79. However, we will state that you must be very careful because of the "public pump" being coordinated in a Telegram group.

 

Disclaimer: NOT FINANCIAL ADVICE. These are all opinions and should NOT be taken as financial advice nor any sort or recommendation under any circumstance.

100% Success Money Back Guarantee

If our approach doesn’t outperform the overall crypto market during your subscription, we’ll give you a full refund of your membership. No questions asked. For quarterly and monthly subscribers this is applicable once your subscription runs for 6 consecutive months.

Terms & Conditions apply

Star

Trusted by 300,000+ traders

Take your next step towards crypto success

Save 50%

$799/year

Get everything you need to actively manage your portfolio and stay ahead. Ideal for investors seeking regular guidance and access to tools that help make informed decisions.

VisaCardImageMsCardImageCoinbaseCardImageSolanaCardImage

For your security, all orders are processed on a secured server.

What’s included in Pro:

  • Success Guarantee, if we don’t outperform the market, you get 100% back, no questions asked

  • 24/7 access to experts with 50+ years’ experience

  • All of our top token picks for 2025

  • Our latest memecoins pick with 50X potential

  • On hand technical analysis on any token of your choice

  • Weekly livestreams & ask us anything with the team

  • Daily insights on Macro, Mechanics, and On-chain

  • Curated list of top upcoming airdrops (free money)

Our track record speaks for itself

With over 2.4M tokens and widespread misinformation in crypto, we cut
through the noise and consistently find winning assets.

/images/advertorial/corpcomm3.webp
/images/advertorial/corpcomm4.webp
/images/advertorial/corpcomm5.webp

Frequently Asked Questions

Yes. We've consistently identified winners across multiple cycles. Bitcoin under $1,000, Ethereum under $70, Solana under $10, WIF from $0.003 to $5, PopCat from $0.004 to $2, SPX blasting past $1.70, and our latest pick has already 200X'd since June 2025. Everything is timestamped and public record.

No. When we founded Cryptonary in 2017 the market was new to everyone. We intentionally created content that was easy to understand and actionable. That foundational principle is the crux of Cryptonary. Taking complex ideas and opportunities and presenting them in a way a 10 year old could understand.

Signal vs noise. We filter out 99.9% of garbage projects, provide data backed analysis, and have a proven track record of finding winners. Not to mention since Cryptonary's inception in 2017 we have never taken investment, sponsorship or partnership. Compare this to pretty much everyone else, no track record, and a long list of partnerships that cloud judgements.

We share highly sensitive, time-critical research. Once it's out, it can't be "returned." That's why membership is annual only. Crypto success takes time and commitment. If someone is not willing to invest 12 months into their future, there is no place for them at Cryptonary.

Yes. You will have 24/7 to the team that bought you BTC at $1,000, ETH at $70, and SOL at $10. Through our community chats, live Q&As, and member only channels, you can ask questions and interact directly with the team. Our team has over 50 years of combined experience which you can tap into every single day.

Daily. We provide real-time updates, weekly reports, emergency alerts, and live Q&As when the markets move fast. In crypto, the market moves fast, in Cryptonary, we move faster.

If our approach to the market doesn’t beat the overall crypto market during your subscription, we’ll give you a full refund of your membership fee. No questions asked. For quarterly and monthly subscribers this is applicable once your subscription runs for 6 consecutive months.

Recommended from Cryptonary
This Week's Setup: 27th of October
Market Updates
This Week's Setup: 27th of OctoberIt’s a big week in markets, and you don’t want to miss what’s coming. The Fed meets, Trump and Xi ar...
7 min read
Oct 27, 2025
BTC, ETH and More: Breakouts Loom on Pennants, Key Levels Ahead
PRO
Market Direction
BTC, ETH and More: Breakouts Loom o...The market is coiling in pennants after the inflation beat. All eyes on major resistance and breakdo...
6 min read
Oct 24, 2025
Market Pulse: Softer Inflation Fuels Fed Cut Hopes
PRO
Market Pulse
Market Pulse: Softer Inflation Fuel...Inflation surprised to the downside, easing Fed pressure and sparking rebounds in both TradFi and BT...
3 min read
Oct 24, 2025