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DAILY CRYPTO TECHNICAL OUTLOOK

BTC

The Monthly candle for BTC closed bullish. Which is a good sign for BTC as we are expecting higher prices. But firstly I’d like to see a reaction at the $22,500- $22,000 zone which is the 4H support. And price is also currently trading in between two structure points so having the retracement off fib levels will be a nice entry for longs.
But you can scalp intraday shorts into the support zone if possible.

ETH

ETH had a bullish monthly close too and had quite the movement upwards. It’ll be nice to see how it fares as it is currently at a weekly resistance zone. I’ll like to see the trendline support hold up nicely. Also the 4H zone there is one to watch out for given the reaction of price at that level.

BNB

BNB, bullish monthly close. Good sign to anticipate higher prices. Plus it broke through the weekly resistance zone and has found support there. I’d like to see the retracement into the $270 4H support zone in between the structure points outlined from the daily time frame. And then we can see price run up to as far as $341.

MATIC

Also had a bullish monthly close but has rejected off the weekly resistance zone. I’d like to see the trendline support hold up nicely to get confirmation for any sort of bullishness.

SOLANA

Similar scenario as MATIC. Decent trendline support seen. Until the current 4H zone reacts to price properly. I’d sit on my hands. I want to see that zone hold up price or if it fails to I want to see a breakout and a retest of that zone to get shorts into the trendline support.

Featured image source: willywealthtrading.com

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