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ETH in the Green Zone Headed into the Spot ETH ETF Decision
This is an important week for Ethereum because there are spot Ethereum ETF decisions on May 23 and 24. Currently there is a low probability of the Ethereum ETF getting approved, but I think it is possible for a big surprise by approving the ETH ETFs. ETH has been struggling to climb above the green […]Read More
BTC Forming a Bullish Bounce off the Bull Pennant
In my previous update I discussed how BTC is attempting to flip the bull pennant resistance line into support. A bullish bounce has been forming along the white trendline in an attempt to flip this resistance line into support. I would like to see some buy volume over the next few days, and I have […]Read More
BTC and ETH Continue to Show Strength
Yesterday BTC faced some resistance at the upper end of the bullish pennant around $66.7k. Today BTC is continuing to show bullish strength into this bull pennant. I would monitor the price action for a potential bullish breakout or rejection at $66.4k. The trendline is sloped downward so the price target will decrease over time. […]Read More
LINK Bullish News & Bullish Rebound
Bullish news was announced for $LINK after Chainlink has successfully completed tests with U.S. banking giants such as JPMorgan, Templeton and many others to accelerate the tokenization of assets. LINK is still in the early stages of a bullish rebound after forming a bullish bounce off the $12.63 support line. My key price targets are […]Read More
ETH Facing Resistance in the Green Zone
ETH had a strong rebound off the red support line at $2,862.93. However, ETH also quickly faced resistance at the lower end of the green zone around $3,049.01. I would monitor ETH to see if there is some bullish momentum into the green zone and orange trendline for a potential breakout. ChartChamp socials: https://linktr.ee/realchartchamp
Read MoreBTC Reached the Upper Range of the Bull Pennant
BTC had a very bullish day yesterday, rallying from $61.3k to $66.2k in a single daily candle. BTC has quickly reached the upper range of the bull pennant around $66.7k. There is some resistance here and BTC bulls are trying to send the price up higher. I would monitor the $66.7k resistance level for a […]Read More
ETH Defends the $2,862.93 Support Line
ETH has formed a bullish bounce off the red support line at $2,862.93. I think ETH will start to climb up towards the green zone and orange trendline over the next few trading days. ETH has been neutral for the past 5 trading days, and many ALTS are significantly outperforming ETH. I think ETH is […]Read More
BTC’s Bullish Breakout
Yesterday I said that BTC was forming a tight range between the orange resistance line and $61k support level. I emphasized that BTC will form a significant move, and today BTC has formed a bullish breakout with a rally back to $64k. I have the upper end of the bull pennant as a key target […]Read More
ETH Continues to Trade Near $2,898.65 Support
$ETH has been neutral over the past 4 days, trading near the red support line at $2,898.65. I would carefully monitor this support level to make sure this support line doesn’t break. ETH could start to trend up soon with a successful bullish bounce. ChartChamp socials: https://linktr.ee/realchartchamp
Read MoreBitcoin Defends $60.3K Support
Bitcoin has successfully defended the $60.3k support level. There were wicks below support, but we are seeing a strong rebound off this support level. I have $68k as a key target that needs to break for Bitcoin to start a bull run. I think we can see some upside in the short term for now. […]Read More
Altcoin Market Getting Close to a Bullish Breakout
Yesterday’s Bitcoin selloff has caused the Altcoin market to reach the green support level, and a bullish rebound has formed today. There is a tight trading range ahead, and Altcoins are likely to form a bullish breakout sometime in October. Altcoins are gaining some bullish momentum here as we approach the yellow trendline for another […]Read More
TAO Likely to Form a Bullish Breakout Soon
TAO has a very similar setup as SUI, trading near all time highs with a bullish rising channel into resistance near all time highs. TAO continues to trade within this yellow channel, and has formed a bullish rebound around $535. I have $711 as my next key target near the upper range of this yellow […]Read More