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Altcoin Market Forming a Bullish Rebound
The Altcoin market is trending for a green day as Bitcoin rebounds back above $60k instead of dropping below $58.5k. I think Altcoins are at risk of dropping still, and I would closely monitor whether Bitcoin gets rejected at $60.3k since BTC will affect the rest of the crypto market. Follow me on social media: https://linktr.ee/realchartchamp
Read MoreEthereum Holding Above $2,340 Support
Ethereum is trading near two key support levels, and is currently holding above $2,340 support. If ETH loses support here I have $1,980 as my next key support target to monitor on the way down. I think Bitcoin’s price action at $60k will affect the entire crypto market here. If there is a rejection ETH […]Read More
Bitcoin Rebounds Back to $60k
Bitcoin is forming a bullish rebound after dipping below $58.5k. There is resistance at $60.3k that needs to be monitored here for a breakout or rejection, and $58,455 to see if Bitcoin breaks below support. Bitcoin Spikes Up to $61K Bitcoin has rallied above the $60.3k resistance target, and is currently trading around $61k. In […]Read More
Altcoin Market Starting to Trend Down
As Bitcoin and Ethereum start to flip bearish, the Altcoin market is also starting to trend back down. I have the lower end of the channel around $466.5 billion as a key level of interest. If the crypto market drops in Sept and early October it will be important to see if Bitcoin, Ethereum, and […]Read More
Ethereum Losing Value Relative to Bitcoin
Over the weekend ETH/BTC was trading at the lowest level in four years, which implies that Ethereum continues to show weakness and lose value relative to Bitcoin. ETH is trading near support at $2,307.58, but is showing some concerning bearish price action here. There is strong sell pressure into support, and ETH will have to […]Read More
Bitcoin Trading Near $58,455 Support
Bitcoin has rallied last week, but started to show weakness over the weekend. So far BTC continues to face resistance within the white zone, and BTC is trying to stay above $58,455 support here. I think BTC trends lower in September and early October, but for now I would monitor the $58,455 support level to […]Read More
Altcoin Market Likely to Retest Support
The Altcoin market experienced a nice rebound this week, primarily due to strong inflation data prior to the Sept. 18 fed pivot. However, I think there could be some downside in Sept, and the Altcoin market is likely to retest the lower end of this channel, marked by the light blue circle. I’m leaning towards […]Read More
Bitcoin Struggling to Break $58.4k Resistance
Bitcoin continues to trade under the white resistance zone, and is struggling to break above the $58.4k resistance level. I would continue to monitor for a break or rejection at $58.4k, and I think there should be concerns for more downside in Sept and early October. I think both the bullish and bearish outlook involve […]Read More
Altcoin Market Trading Near the Midrange
The Altcoin market has rallied from the lows of the trading range and has now reached the midrange. I think Bitcoin is showing some concerning resistance at $58.5k, I would carefully monitor the price action to see if Altcoins form a peak here and start trending down. If Bitcoin manages to climb above $58.5k then […]Read More
ADA Returns Back to Life
ADA has been viewed as a dead and outdated crypto project throughout this cycle. Last week there was a strong rally that is bringing ADA back to life, and giving hope that ADA can perform well throughout the rest of the bull market. I think ADA’s rally is caused by the founder claiming that he […]Read More
Key Price Targets for Solana
SOL has formed a bullish breakout above the bull flag, and I think SOL can start a strong rally here. There are some resistance levels approaching at $227, $244, and $272. I would monitor for resistance at these levels on the way up. I wouldn’t be surprised to see SOL blast through these price targets, […]Read More
ETH Starts to Rally from the Yellow Support Zone
ETH has held above the two yellow support levels over the past few weeks, and is finally starting to rally higher. I have $3,983.66 and $4,820.43 as my two key resistance targets to monitor on the way up. I think ETH will experience upside, but is likely to underperform compared to other Altcoins like SUI […]Read More