Mega crypto market update #2

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Update based on the coins I’m already interested in, from this list – https://greedy.ro/2024/06/30/crypto-buying-ranges-for-altcoin-season/

Previous update: https://greedy.ro/2024/07/04/mega-crypto-market-update-1/

Reminder: This is only technical analysis, for anyone interested in investing in coins, they need to take into account multiple other factors, such as the market niche, the narrative, their main competitors, the market cap, the circulating and max supply of the coin, who are the investors, how much they have allocated, and when do they receive vesting / unlocks, whether it was given as airdrop as well, who is the team, what are the plans for the future, whether they are active and still developing the project, marketing and activity on their socials, and much more.


1INCH

Monthly: looking neutral.

Weekly: We’ve seen good rejection from the C target, now we need the price to reclaim the support at 0.4$.

Daily: Still bearish on the daily timeframe.

AAVE

Monthly: Looking bullish.

Weekly: We’ve seen a good buy pressure once the price went back into the range, for now we’re bullish.

Daily: Daily is also bullish if 92$ support will hold.

APE

Monthly: Looking bearish.

Weekly: Bearish until it reclaims a support on lower timeframes.

Daily: On daily it’s also bearish until it reclaims some support level.

ATOM

Monthly: Neutral.

Weekly: ATOM is still in downtrend, but it could reject from here, as long as current support holds.

Daily: Price need to reclaim 6.6$ in order to expect some bullish action. Currently we’re at the support.

DOT

Monthly: Neutral-Bullish

Weekly: DOT reached the first C Target but price action is bearish, we need to reclaim 7$ or we may go to test 4$.

DYDX

Monthly: Neutral

Weekly: Currently at support but bearish, we had a small rejection from the support level but the market doesn’t look so good. If it loses the support at 1$, we will see a big drop in price.

EGLD

Monthly: Neutral

Weekly: Nothing changed on EGLD, we’ve seen a good rejection from support and now we need to make a higher low to continue with this trend. Losing 25$ means we will go below 20$ very fast.

Daily: We need to reclaim 37$ on daily to change the bearish trend.

ETH

Monthly: Neutral-bullish

Weekly: ETH is looking good, we got some liquidity from the initial pump.

Daily: On daily, we need to break the trendline and the resistance level at 3,300$.

FET

Monthly: Neutral-bearish

Weekly: FET doesn’t look so bad, but we need the current support to hold.

Daily: Based on the current equal lows we have, I wouldn’t be surprised if the price wouldn’t go for that liquidity and end the C wave at 0.8$ or close to it before changing the trend.

LINK

Monthly: Bullish towards neutral

Weekly: Link is currently at the support, with a head and shoulders pattern in formation. We need to keep the 13$ support or we’ll drop fast to 10$ and lower.

OP

Monthly: Neutral

Weekly: OP look ok for now, we need to hold 1.735$ support.

SOL

Monthly: Bullish

Weekly: SOL is extremely bullish and on its way to make a new high.

Daily: On the daily timeframe, we see that we have some liquidity to grab from the old highs. We don’t see signs of weakness from this move.

THETA

Monthly: Bullish

Weekly: Theta doesn’t look very bad, we kept the support at 1.2$ and we need to reclaim 1.5$ soon.

Daily: On daily timeframe, we see that we need to reclaim 1.685$ to change the trend.

UNI

Monthly: Neutral

Weekly: Uni looks bearish for now, I would expect a retest on the bottom side of the range. (4.3$).

QNT

Monthly: Neutral

Weekly: QNT is bearish, close to the buy range (40-60$). We need to reclaim 90$ to change the trend.

AEVO

Monthly: Bearish

Weekly: AEVO is trying to consolidate around this price, 0.5$ seems to be a good support level, if we lose it we will probably retest 0.35$ and/or below very fast.

ALT

Monthly: Bearish

Daily: ALT is still bearish and I don’t see any signs of consolidation in place, we need to reclaim 0.18$.

APT

Monthly: Bullish

Weekly: APT got a good rejection from support and we need to keep the 6.5$ for it to hold.

Daily: We first need to reclaim 7.77$ level to change the trend.

ARB

Monthly: Neutral

Weekly: ARB doesn’t look very well, we lost the support and grabbed some liquidity from below, we need to reclaim 0.8$ first.

AXL

Monthly: Bearish towards neutral

Daily: AXL is trying to consolidate around 0.6$ support level.

BB

Monthly: Neutral towards bearish

Daily: BB is currently still too high for me, but it’s looking good, support hold and now we need to reclaim 0.5$ and we can see big moves after.

BEAMX

Monthly: Bullish

Weekly: BEAM lost the support but quickly reclaimed it, for now it’s looking good, if we lose it it will probably drop until 0.008$.

BOME

Monthly: Bullish

Daily: BOME is looking good, support was retested and it hold for now.

DYM

Monthly: Bullish

Weekly: DYM went into the buying range and rejected nicely from there.

Daily: What we want now to see is for the 1.5$ price to hold.

ENA

Monthly: Bearish

Weekly: ENA has rejected from the support level and it’s currently looking bullish, especially after the doji followed by an engulfing candle, and now this week we are taking some liquidity from the first leg up.

Daily: On daily we need to take 0.5$ as support to continue the bullish move.

ETHFI

Monthly: Bearish

Weekly: ETHFI is still looking bearish on weekly timeframe.

Daily: On daily we still don’t have a clear move, we can either hold the support and lose it. I’m bearish on weekly so I expect the price to go lower.

GRT

Monthly: Bullish

Weekly: GRT is looking very bullish for now.

Daily: On daily timeframe, we need to go over 0.22$ to change the bearish trend.

IO

Monthly: Bullish towards neutral

Daily: IO is bearish as long as we don’t reclaim 3$. Still new coin, therefore I expect it to go lower.

ILV

Monthly: Bullish, close to neutral

Weekly: If ILV don’t reclaim 68$, 40$ price is still a potential price zone.

INJ

Monthly: Bullish

Weekly: INJ is looking good for now, as long as we hold 17$.

JASMY

Monthly: Very bullish

Weekly: JASMY is looking very bullish although my wave counts show that we should start another leg down soon. As long as we are below the last high, we are bearish and expect another move down. We can also have an expanded flat and have the B wave doing ATH, with the C-wave target at the 0.618 fib level, so we can still go higher and retrace roughly near the current price, and then follow up with even more bullish moves.

JUP

Monthly: Bullish

Weekly: JUP is looking bullish for now.

JTO

Monthly: bullish

Weekly: JTO is looking good for now.

MANTA

Monthly: Bearish towards neutral

Daily: MANTA rejected from a potential bottom and is now trying to consolidate, but it’s still 50/50 chance for now.

MEME

Monthly: Bearish

Daily: MEME is still bearish until it reclaims the 0.017$ price.

NFP

Monthly: Bearish towards neutral

Daily: NFP is currently trying to consolidate as well, and we need to see it break 0.31$.

ONDO

Monthly: Neutral

Daily: ONDO is bullish if it breaks over 1$, as it’s one of the levels for the corrective C-wave.

ORDI

Monthly: Neutral

Weekly: ORDI is looking bullish for now. 22$ is the next support level in case it goes lower.

OSMO

Monthly: Neutral

Weekly: OSMO is currently at the support but I don’t see good price action and expect it to lose it for now.

PHB

Monthly: Neutral

Weekly: PHB is neutral for now, would be great to see the support at 1.4$ holding and we can see a new ATH on it next.

PIXEL

Monthly: Bearish

Daily: PIXEL is close to a bottom but still looks bearish for now, we don’t see any buying pressure for now.

PORTAL

Monthly: Bearish

Daily: PORTAL need to reclaim 0.5$ but I don’t see this happening for now, I don’t see buying pressure for now.

PYTH

Monthly: Bullish

Daily: PYTH followed the expected price movement and reclaimed the support, we now need to hold it, but the price is looking very good.

RENDER

Monthly: Bearish

Daily: RENDER Is looking very good, we need to break through the bearish trendline and hold the current support at 6$.

SAGA

Monthly: Neutral – bullish

Daily: The price for SAGA can go lower, but we currently break through the bearish trendline, so we need to see if we’re capable to sustain the move or we’ll reject from here.

SEI

Monthly: Neutral

Daily: SEI has made good moves so far, and I correctly predicted its next move. Now we need to hold this support and we can confirm a bottom.

STRK

Monthly: Bearish

Daily: STRK is currently at a support but I don’t see any consolidation yet.

SUI

Monthly: Bearish towards neutral

Weekly: For SUI, I was expecting to lose the support at 0.75$, but it’s still holding strong due to some buying pressure coming in, so let’s see if we’re able to keep this support or lose it and go towards 0.4$.

TIA

Monthly: Neutral

Weekly: TIA got a big rejection from 7.5$, and we’re currently neutral – this could either be liquidity grab from the previous move, or we will take liquidity with a lower low.

W

Monthly: Bearish

Weekly: W is bearish until we reclaim 0.34$.

WIF

Monthly: Neutral

Daily: WIF is looking very well.

XAI

Monthly: Bearish

Daily: XAI bearish until it reclaims 0.43$ – as a new coin, I still expect it to reach 0.22$.

ZETA

Monthly: Bearish

Daily: ZETA is looking bearish, expecting lower prices.

ZRO

Monthly: Bullish

Daily: ZRO is a new coin but performed very well, I am not interested in this coin until we see a retrace of at least 50%.

ZK

Monthly: Neutral

Daily: ZK is currently at a support, and performed very well, but as a new coin, I expect to lose the current support, also based on the liquidity grab over the B wave.

By admin