โ ๏ธ CAN IT FORM? ๐
Is history about to rhyme?
๐จ Back in 22/23 $SOL declined and ultimately bottomed with a Lower Low Trendline, is one more dip set to come? ๐ค
Weather the storm!
LINK Daily Technical Outlook:
$LINK closed bullish as LINKBTC is leading the move. The intraday chart is somewhat volatile. It needs to hold above $8.20 for a while to expect a long towards the $8.90 resistance. A bearish breakout below the $8.20 support could offer downside ๐งโโ๏ธ
XRP Daily Technical Outlook:
$XRP closed slightly bullish. More upside is possible if XRPBTC can push higher. Moving above the $1.1150 resistance would offer a long. Below $1.0650, a short opportunity would be there ๐ค
LTC Daily Technical Outlook:
$LTC closed green today. However, my focus will be on the lower time frame, especially holding above the $45.80 resistance would offer a long. Any rejection would offer short opportunities if Bitcoin also remains weak โก๏ธ
ETH Daily Technical Outlook:
$ETH closed indecisive and green today. The intraday chart is moving within a range. Holding above the $1,950 resistance would offer a long. The $1,830 level is the main support. Below that, we need to see further weakness ๐
BTC Daily Technical Outlook:
$BTC closed indecisive. We need to see more healthy volatility to move towards the $66,200 resistance and then a bearish turn could offer a short, especially if it holds below $63,000. To become bullish, Bitcoin must hold above $66,200 ๐
๐ฎ IS IT TIME? โฐ
One question is on my mindโฆ
โ ๏ธ $HG against $GOLD is in a downtrend within one big multi-year range, it swept the lows.. is it time to break the downtrend? ๐ณ
Copper entering an uptrend is good for $ETH ๐ฟ
โ ๏ธ IS THIS FORMING? ๐
Bitcoin continues to trade in a wide sideways range but..
๐จ A decline followed by a strong reversal above $66,900 can form and breakout of an Inverse H&S ๐
Can bulls pull it off? August is notoriously bearish ๐ค
LINK Daily Technical Outlook:
$LINK closed indecisively. Holding above $8.20 could offer further upside. However, as soon as it shows weakness from that level, it could offer a short. We have to wait for a more mature chart structure to get more clarity โก๏ธ
XRP Daily Technical Outlook:
$XRP closed indecisively. On the intraday chart, moving above the $1.0650 resistance and then turning bearish would offer a short. Holding above that level would lead to more random movement depending on Bitcoin's sentiment ๐ค
LTC Daily Technical Outlook:
$LTC closed indecisively. The intraday chart was weak and choppy. A short-term bullish move towards the $45.80 resistance and then a decline would offer a healthy short towards $43.30. Holding above $45.80 could offer a long if Bitcoin is positive ๐
ETH Daily Technical Outlook:
$ETH closed indecisively. However, it could decline further if Bitcoin shows weakness. The H1 chart is facing the $1,830 support. A bearish breakout below that level would offer a decline, while holding above would offer upside towards $1,950 ๐งโโ๏ธ
BTC Daily Technical Outlook:
$BTC closed indecisively and is trading within small. A short-term bullish move above the $63,000 resistance and then turning bearish would offer a short. Holding above that level would continue pushing it towards the $66,200 resistance ๐
โ ๏ธ STILL ROOM TO GO ๐บ๏ธ
๐จ Once the low is in for $BTC against $SPX a relief rally occurs, and then a pullback to make a Higher Low ๐คฉ
Below the 0.786 Fib seems to be an important level, thus a further pullback can still occur ๐
โ ๏ธ BLOODY FAKEOUT ๐
The next move is keyโฆ
๐ฎ $DXY broke out from its 13 month range but has failed to hold the 200 EMA, a break of the Higher Low Trendline would be very bearish ๐
This will affect $BTC & $ALTS ๐
๐จ HOLD OR FAKEOUT ๐
Bulls need this to be fakeout..
โ ๏ธ $DXY broke out from its 13 month range but is now retesting the 200 EMA, will it hold and push higher or will this be one crazy fakeout ๐ณ
Answer is coming soon ๐ง๐ป
LINK Daily Technical Outlook:
$LINK closed bearish. Further downside is likely if Bitcoin remains weak. The intraday chart is trying to break below $8.20. Holding below would offer a short. Holding above $8.20 would lead to sideways movement ๐
XRP Daily Technical Outlook:
$XRP closed slightly bearish. However, itโs heading down into support territory. The intraday chart is trying to get a breakdown. Moving below $1.0650 could offer a further short. Holding above $1.0650 could offer upside towards the $1.1150 ๐งโโ๏ธ
LTC Daily Technical Outlook:
$LTC declined on the Daily chart. However, the intraday chart is still maintaining a small range. A retest of $45.80 and then turning bearish would offer a short towards the $43.30 support. Above $45.80 would offer further upside ๐ค