ETH has been moving in the 2'900-3'000 range, which is perfectly in line with the drawn levels. Now, price is at the bottom of the range and could follow the trend up again. The level to watch on the downside is once again 2'880 (or 50 SMA, wherever it is). On the upside, we need to break 3'040 in order to go up. Dips to 100 SMA are golden buy opportunities.
ETH has recently been very strong. The trend is set to continue as long as we hold 2'880. A correction to 2'720 would be a huge buy opportunity. I personally don't think it will happen. Short-term target is 3'200.
SOLANA's price action is still bullish. There is a goof chance that we will see a test of the 100 SMA (currently at 106.63). In my opinion, if that happen, it could be a very good buy opportunity. TP is 122 and we will get there.
ETH 200 SMA is at 2'370, exactly where we are trading now. Will it finally act as support? If this is the case, expect a rally to 2'450 and 2'550 soon.
Road to 105 has been intiated for Solana. There is a big confluence of SMAs around 94-97 and all of them should be looked carefully to see if they act as support. Currently, we can see that price came really close to the 100 SMA before rebounding. I would have preferred to see a clean retest but it is what it is. I lean towards a rally to 105 once 100 is cleared.
We had a great last call on SOL, 77-82 range was indeed a buy the dip opportunity. The price recovered well from there, but I am expecting at least one retest of the 100 SMA (currently at 92.7) or the 50 SMA (ca. 90) before exploding higher.
ETH needs to find its path. We need a strong close above 2'280 to attempt a breakout. Otherwise wait for 2'200 restest or even low 2'100 (great buy opportunity if we get there).
Bitcoin keeps going down and if it doesn't catch up a bid in the green zone around 39k it may accellerate its descent and visit 36k soon.
If BTC price continues to correct, expect the entire market to follow. A goo buy zone could be in the 77-82 area. to invert the short term bearish trend we need a strong close above 94.
Bitcoin is currently testing the lower boundary of its previous trading channel and has, thus far, successfully found support. The initial target for an upward movement is set at 43'500, which not only represents the channel's midpoint but also aligns with the 200 SMA, adding to its significance. Should Bitcoin manage to break through this key level, the next...
Solana has recently encountered strong support at the 200 SMA and has initiated a rebound from this key level. Currently, there is a convergence of multiple moving averages in this area. Should this level hold, particularly if Bitcoin holds, we can anticipate a rally, potentially reaching 111 or even surpassing this threshold.
Solana's price is following an uptrend after rebounding from 85. The trend is your friend and it could lead to 111. 94.75 has been tested a couple of times and were good buy opportunities. 105 will be a tough one to take and probably will need the help of a BTC upmove.
The price of BTC is finding a very strong support at the area aroun 45'700. Key resistance is above 47'000. That's the range for now.
Solana partially retraced the recent upward movement and is currently below the important support level situated at 94.75. In my opinion, if the price can close a couple of candles above 95, it would be very positive and 105-110 could be next.
Bitcoin is now in the middle of the range given by 45.7k-47.2k. Wait for one of the 2 levels to be taken before taking action.
Solana needs to hold the 200 SMA and break the triangle at ca. 92, otherwise a visit of the 80 level looks inevitable.
Solana has lost an important support around 100 which needs to be reclaimed as soon as possible to keep the uptrend alive. If not, a scalp around 94-95 could be a good strategy.
Impressive! SOL's price action has been remarkable in the past few days, perfectly hitting all the charted levels. While a healthy pause could appear naturale here, the question arises: if the current hype persists, what could be the limits? The next milestones are set at 100, 105, and 111, with 105 proving to be a particularly challenging hurdle. A breakthrough...