Multi Format Thursday – Volume 12

Welcome to Multi-Format Thursdays where we analyse the cryptocurrency market in both text & video formats.

Bitcoin

Perfect rise all the way from the [$39,500-$40,650] liquidity area to the [$57,000-$57,500] liquidity area – absolute perfection.

From here, BTC’s move will be highly dependent on the ETF because price has been rising in speculation of an approval. A breakout from $57,500 would be the last big resistance before price discovery.

Ether

We’ve been relentlessly stating that as long as $3,200 is support for ETH then the next target would be $4,200 and that’s exactly what we are seeing come to fruition.

DOT

DOT rallied on the parachain news and has now turned $40 from resistance into support, next up is the previous high at $50.

SNX

As stated in the video, no interest until either $7.50 is tested or $14.10 is reclaimed on the weekly.

RUNE

RUNE is the same story as SNX, interest will only arise on a test of $5.75 or reclaim of $11.50.

SOL

Too much playing around $150, bulls must show strength soon if they want another leg on the SOL rally.

SRM

Weak price action with $6.40 probable as a next step.

MINA

$4.90 is resistance and that sets the next target at $3.

FTT

Still in the same [$50-$60] range awaiting a breakout.

DYDX

Holding support at nicely at $21.50 – maintaining the bullish market structure, target is $28 next.

 

 

Disclaimer: Not financial nor investment advice. Any capital-related decisions you make are your full responsibility.

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