$XRP price has tested the support area again. Key level to keep the white scenario intact is at $1.82. A break below this level would indicate that alternative wave-(b) is unfolding to the downside.
$ETH: Price is holding support above the trendline. Key resistance sits between $3,293 and $3,379. Today could be a decision day. Will we see a candle close back inside the rising wedge, or a close beneath it...
$BTC: No change from my previous update. The current bearish structure remains intact and could push price into a new low for wave-v if the ascending trendline breaks.
$BTC dominance chart is testing the trendline from below. A sustained break above this level would be the first signal that a larger ABC is playing out to the upside. Resistance is between 59.89% and 60.71%.
$BONK: After reacting to the 50% Fib retracement level, the price has moved sideways. This corrective structure isn't convincing at this stage. One more low is still on the table. We need more data to confirm which direction the price is choosing.
$VET: The price is sitting deep in support, and bulls need to step in soon to keep the yellow ABC upside scenario intact. A break below $0.0104 would indicate that wave-(b) or wave-i is still unfolding to the downside.
$SOL price action remains choppy and unclear. My outlook is unchanged: as long as the price stays below $171, I continue to favor one more low in wave-v to the downside. The current move may be forming a wave-Y of iv to the upside.
$ETH: As communicated today, price action has followed the roadmap and reacted precisely at the $3,150 level. ETH has moved back into the rising wedge pattern. I've added a resistance zone for a potential wave-2 high, due to the 5 wave decline.
$BTC is still trading above the ascending trendline. A breakout to the upside from the rising wedge would likely send the price toward the $96,962--$102,432 zone. Keep in mind that this pattern often breaks to the downside.
$ETH: The price appears to be forming a small bearish triangle pattern. One more move down toward the $3,150 level is possible before another attempt to the upside begins. A sustained break below the trendline would be a warning signal.
$ETH: As communicated before, the rising wedge pattern is forming. Price has now reached the ascending trendline and is attempting to hold this support. A final push to a new local high is still possible. However, a decisive breakdown below the trendline would be the first major
$BTC: The price is respecting lower boundary line of our rising wedge pattern. As long as the price holds support above this level, one more push to the upside is still on the table.
$TRUMP (by request): Price is currently deep in support and needs to reverse to the upside before BTC begins a downward correction. The invalidation point for this setup is at $4.57.
$MYX (by request): Price is moving higher above the ascending trendline, but the move is not very promising. One more low in wave-(iv) seems likely. Key support is at $0.9973.
$BTC (2-week timeframe) A break above the 20 level on the 2-week SRSI would confirm a reversal to the upside. This is one of the most important indicators to watch.
$ETH: The price has respected the upper boundary of the rising wedge. Key support to maintain upside momentum lies between $3,301 and $3,200. A sustained break below this area would suggest that wave-iv has already topped out.