↗️MARKET ANALYSIS↗️
$ETH taking the reigns We are now up 30% from my $ETH buy call in mid June. We identified $2600 as the resistance to breakthrough with a clear path to $3000. Now we have moved significantly above 3k I don't expect much a of a slowdown (outside of Trump/Macro drama) on the way to 3300+
I have been DCAing into $ETH over the last month and it is paying off big time. We can't have an "alt season" if $ETH doesn't pump, and it is starting to look pretty sexy.
The abhorrent ETH/BTC chart is finally looking like it has bottomed with today's closure. That is a clear closure above the .026 resistance it was rejected at 3 times before. Next stop looks like .029. Adjusted for risk $ETH still looks like one of the best options for the next few months. It has consolidated for so long that we expect that when the breakout comes, the move will be violent.
BTC underperformance Over the last 2 days BTC has clearly underperformed alts. I am not getting carried away by this yet but it is worth noting. I think the trend break on ETH/BTC is real but I would want to see sustained outperformances from low/mid caps before I identify a reversal. That said it is time to dabble in some low and mid caps and I will be sharing my picks in the premium discord shortly.
Checking in on alt performance from last week's post
$SOL - still stuck under the $165 resistance we identified last week. It will break out but Id prefer to own $ETH or SUI until proven otherwise
$TON breaking out of $3 resistance
$BNB $cant get above $700 resistance yet $FART 1.50 $PEPE .000014 same story
$ETH I gave entries both on a pullback to $2800 and on a daily closure above $3000 💎
$SUI Got above the resistance area identified and now rocketing to $4 💎
$XRP Closed above $2.60 and as predicted went straight to (just under $3) 💎
$HYPE said if it closed above ATH at 45.60 expect continuation which it did to just under $50 💎
$PENGU yolo "close your eyes and buy" trade idea + >70% 💎
#AltcoinSeasonLoading #CPIWatch #USCryptoWeek #USCryptoWeek #MarketAnalysis
