Most of my charts shared as 1hr timeframe, but going a bit larger timeframe this time because the market sentiment remains bullish. These setups are designed to play out as long as BTC remains stable as we anticipate to see some of the money in the market transfer from BTC into some of the altcoins. My recent Market update post shows the levels I am watching on BTC where bullish ideas are not valid any longer.
Starting this post off with the ETH chart above. Ethereum has broken above a recent range in the last few days and this could be very bullish for ETH as well as altcoins as a whole. This could be the first signal that altcoins are about to see some cash flow. The $2000 level is the major support level for ETH, a retest to that level would be very bullish. As long as we stay above that level an upside target of $2700-3000 could be in play.
SOL has the chance for some large upside as well. It is currently hovering under a major resistance level so this isn’t a buy now idea. But if SOL can break that level, I think $37.5 becomes a pretty easy upside target.
UNI has been doing some accumulation and hasn’t move a whole lot. But it’s major market structure has been printing higher lows and it as nearing another touch of that market structure. This could be priming for a larger move. I’d like to see the support level marked hold for the most bullish ideas, but as long as the market structure line stays true, then UNI could play out well.
MATIC has been putting in some higher lows recently and has broken above support and is now just hovering as buyers/sellers battle it out. As long as this support or market structure hold, MATIC is looking bullish and could see momentum come in for a move higher.
ADA has recently broken past a resistance level that it has been struggling with for months. Based on previous structure, a lot of sellers will show up around $0.52 so ADA may struggle to break that level but is a good upside target for the current market structure.
Most of my charts shared as 1hr timeframe, but going a bit larger timeframe this time because the market sentiment remains bullish. These setups are designed to play out as long as BTC remains stable as we anticipate to see some of the money in the market transfer from BTC into some of the altcoins. My recent Market update post shows the levels I am watching on BTC where bullish ideas are not valid any longer.
Starting this post off with the ETH chart above. Ethereum has broken above a recent range in the last few days and this could be very bullish for ETH as well as altcoins as a whole. This could be the first signal that altcoins are about to see some cash flow. The $2000 level is the major support level for ETH, a retest to that level would be very bullish. As long as we stay above that level an upside target of $2700-3000 could be in play.
SOL has the chance for some large upside as well. It is currently hovering under a major resistance level so this isn’t a buy now idea. But if SOL can break that level, I think $37.5 becomes a pretty easy upside target.
UNI has been doing some accumulation and hasn’t move a whole lot. But it’s major market structure has been printing higher lows and it as nearing another touch of that market structure. This could be priming for a larger move. I’d like to see the support level marked hold for the most bullish ideas, but as long as the market structure line stays true, then UNI could play out well.
MATIC has been putting in some higher lows recently and has broken above support and is now just hovering as buyers/sellers battle it out. As long as this support or market structure hold, MATIC is looking bullish and could see momentum come in for a move higher.
ADA has recently broken past a resistance level that it has been struggling with for months. Based on previous structure, a lot of sellers will show up around $0.52 so ADA may struggle to break that level but is a good upside target for the current market structure.