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DAILY CRYPTO TECHNICAL OUTLOOK

BTC

Ended the previous week a bearish candle sitting nicely on the major support zone. I expect this week to give us some bullish relief run as we move from zone to zone with major target for this week set at the $20.5k price zone. For today price has rallied from the support zone already and if this current minor zone holds up intraday longs should deliver. I’ll be looking out for reversal on lower time frames.

ETH

ETH has rejected nicely from support and I’ll prefer to see it come into the short term support zone for intraday long entries.

BNB

Trending bearish at the moment and is trading inside of a major support zone. I won’t be in a rush to engage here as I’ll rather see a clear reaction of the current zone before deciding on a directional bias.

SOLANA

Price has failed to break through the resistance and is rejecting as a bearish trend is forming. I’ll be looking for good entries to short to the next support zone.

MATIC

Is heavily bearish and I’ll be looking to short into the support zone. I will seek out entry points on lower time frames.

APE

Analyzing this coin based on request from one of our viewers. It is sitting on a major support and if the zone holds up I’ll be seeking out short entries because we’re in a somewhat bullish trend at the moment. If this current zone fails, I’ll be looking at the next zone alongside the trendline support.

It’s a new week, stay tuned to the blog as we bring you daily updates on the possible directions of the market. Let us know in the comment section below if there’s any coin you want to be analyzed.

I wish you good luck and good trading.

 

 

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