


phil_x_crypto
PremiumAs SRM closed below its daily support, we will probably see even more downside in the near future. I see 3 potential scenarios. 1 (purple): The RSI & horizontal support at 3.867 holds and with much volume, we get back into the previous support zone 2 (green): The RSI & horizontal support at 3.867 holds, but we get rejected on the retest of the diagonal...
- S/R flip - RSI & OBV confirmation Entry: DCA around current levels SL: Around 1.17 TP1: 1.3288 TP2: 1.4067 TP3: 1.5267 TP4: 1.6275
- Support from diagonal trendline - Support of previous horizontal resistance - OBV and RSI confirm bullish price trend Entry: DCA between 0.85 - 0.80 SL: ~0.67 (below 99MA (D)) TP1: 0.91 TP2: 1.09 TP3: 1.29 TP4: 1.49
Entry: DCA around $8.40 SL: $6.398 TP1: $9.1705 TP2: 10.9815 (major TP, strong RES a bit above this level) TP3: 13.3173 TP4: 15.9857
Long MER on 4h for massive mid term profit. Entry: DCA from current level until 25 MA. TP: Around highlighted resistances
Potential long on a retest of XRP. Enter only if: TOTAL2 breaks RES and BTC.D breaks support Entry: DCA around the green box SL: Around 1.16 TPs: See horizontal lines
- Daily BB squeezes - a big move probably is coming soon - Volume spike since 1-2 days - Double bottom on daily - Upcoming listing on Bitfinex
- Fakeout above 99 MA (1D) - Twice rejected by 99 MA (1D) - Broke 99 MA (1D), restated it's support DCA from current price level until 35.6 SL might be a bit too tight
I except a BTC.D fakeout during the next 2-4 days (see linked chart) before it finds it's support on the MA / Fib levels and continues to go upwards until mid of August. Starting mid of August, I expect BTC.D to find it's resistance and the Alts will start pumping as they already have shown quite some strength during the past few days (therefore just a minor...
BTC.D will probably come back to the support of the 99 MA (1D) / 38.2% Fib. Since these support levels are a bit lower than the lower Rising Wedge boundary, I'll except a fakeout before it returns back to at least the previous high or even higher. As soon as the MA / Fib support level seems to hold (green daily candle close above it), long BTC.
- LH, LL - uptrend broken - OBV - uptrend broken - Decreasing volume
CHSB seems to be forming a cup and handle pattern on 1D. In combination with the previous support of the 1D 99 MA and Swissborg's just announced roadmap, it should take off very soon.
Entry: ~$7.58 SL: ~$7.08 TP 1: ~$9.92 TP 2: ~$12.75
Let's see if the new support holds...
SOL/USDT is forming a symmetrical triangle. Due to it's strong fundamentals I'm buying when SOL reaches the demand line again. SL is initially set to 10.76 and adjusted closely until SOL breaks upwards and probably retests the upper supply line. Entry: 12.71 SL: 10.76 TP: 22.25
Resistance at ~13.810 needs to be broken in order to further push towards ~15.870
Entry: 2.6610 TP 1: 4.3172 TP 2: 5.5493 SL: 2.2503