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ETH Attempting to Bottom Out Around $2,862.93
While BTC lost support at the bottom of the bull pennant, ETH formed a bullish rebound off the $2,862.93 support level. ETH and the Altcoin market held very strong during the drop, which is a good sign that ALTS are getting bought up. I would monitor the red trendline for continued support for now, and […]Read More
Bitcoin Rebounds After Entering Fear Territory
BTC has rebounded overnight after bouncing off the $56k support level. I would still carefully monitor the charts over the next few trading days since BTC has lost support at the bottom of the bull pennant. If BTC does start trending up the white trendline and $61k resistance level will be important to monitor for […]Read More
ETH Rebounding at the Red Support Line
ETH is in the process of rebounding at the red support line around $2,862.93. I think we could get a successful bullish rebound today, and I would monitor the red trendline to confirm it provides continued support. May is finally here, it is a seasonally bullish month for crypto especially during Presidential election years. ChartChamp […]Read More
Bitcoin: Be Greedy When Others are Fearful
Yesterday evening and overnight BTC has dropped below the support line of the bull pennant. There have been wicks below the bull pennant so dips down to $58-59k are still fine as long as they get bought up. This dip is a bit more concerning with a steeper drop down to $57k and the price […]Read More
ETH Dips Below the Green Support Zone Again
Yesterday Hong Kong launched BTC and ETH ETFs that completely flopped. There was just a few million in volume, which was much lower than expected. I think this poor ETF launch is one of three reasons why crypto is dropping today. The other two reasons are CZ’s sentencing hearing today, as well as traders bracing […]Read More
BTC Retesting the Bull Pennant Support Level
During the last upswing BTC failed to reach the upper end of the bull pennant. There has been a downswing and BTC is now approaching the bull pennant support line. The price needs to hold above $60k, and there could be some wicks below for the best price entry. I will continue to buy ALTS […]Read More
ETH Facing Resistance at $3,260.57
ETH had a strong rejection at $3,260.57 over the weekend and has been trending down ever since. I would give ETH some time to rebound and make more attempts to break through the $3,260.57 target. There is a white resistance line that will be an important resistance to monitor not the way up as well. […]Read More
BTC Still Trading in the Bull Pennant Despite 4 Week Downtrend
BTC has been in a 4-week downtrend, but the price remains within the bull pennant. I think this is a healthy correction so far, and I would only be concerned if BTC drops below the green support zone from the bull pennant. For now I think all dips are great buy opportunities for ALTS. TrendSpider’s […]Read More
BTC Still in the Bull Pennant
BTC also still looks bullish to me despite having some short-term downside. As long as the price is trading within the bull pennant I think BTC has a chance to start forming a bullish breakout. I wasn’t expecting any strong moves in April, I think May will be an important month to monitor for the […]Read More
Solana Remains Neutral Since March 2024
Solana has traded within a range between $121 and $193.50 since March of 2024. These are my three key price levels to monitor for Solana, and I think the price action has been pretty quiet lately. There was a rejection at the white trendline around $162.94 in late September, and Solana is trying to form […]Read More
Bitcoin Rejected at the Yellow Trendline
During overnight trading hours Bitcoin was rejected at the yellow trendline, and continues to experience some neutral and slightly bearish price action. I think Bitcoin is trying to form a bullish rebound around $61.7k, and Bitcoin would need to break above the yellow trendline around $62.5k to flip bullish. For now the price action is […]Read More
BLUB Memecoin on Sui Network
BLUB has already emerged as one of the top memecoins on the SUI platform, currently trading around $40 M market cap. The goal here is to accumulate more SUI or to accumulate BLUB if you believe BLUB can grow long term. For now I’m more interested in accumulating SUI. BLUB just burned $150k worth of […]Read More