Quick Guide: Support & Resistance Made Simple 📊
-Previous highs = New resistance
-Previous lows = New support
-More touches = Stronger levels
Pro Tip: The best trades happen at these key levels
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$BTC broke below its 50-day MA and is now sitting on swing-low support near 112,000. ⚠️
Price action suggests a new base may be forming, with overhead supply from the failed breakout at 120,000 capping rallies.
A stop-run shakeout under 112,000 could actually reset the market. 🔄
On the chart, both the 8- and 20-day EMAs are rolling over and could cross below the 50-day MA—a bearish signal if confirmed. 📉
$XRP weekly chart📉 shows a pullback to prior breakout support 🔄.
On the daily chart 📅, price is tightening into a volatility contraction ⚡ between the 8- and 20-day EMAs — a pattern that often precedes breakouts 🚀.
A re-entry is being considered, with tight risk below support and close monitoring of the lower timeframes.
Despite early volatility, the breakout volume and pullback keep the setup valid.
$SYRUP hit the stop at 0.538 after losing 0.54 support.
The move was expected, as price dropped to the confluence of the 8-day EMA, 20-day EMA, and 50-MA.
Now sitting at major support, the setup looks stronger.
🚨 $SYRUP just triggered from our RS Watchlist — top altcoin breakout in motion! Ideal entry was above the daily downtrend + 50-day MA.
It’s breaking out while $BTC pulls back. Could be the start of the classic crypto rotation: $BTC → $ETH → alts. Scanning for more leaders 👀
154% in 3 mo, 3 losing days.
Kenneth waited, let setups come to him, and futures paid him back.
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$SOL has just broken out above key horizontal price AND its 200-day MA, but...
There is significant overhead resistance not much higher, so the risk-reward is not that hot, imo.
This 4-hour chart comparison says it all:
📉 $BTC is hanging near its short-term pullback lows and trading below the 8 & 20 EMAs
📈 $ETH is pushing near the top of its range and holding above both EMAs
Hey everyone! 👀 Did you catch today’s rotation out of $BTC and into $ETH?
$BTC is off 6% from ATH and chilling near its pullback low 💤 Meanwhile, $ETH is catching a bid and pushing toward its consolidation high 🚀