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GM
Welcome back to the laborers. Let's ride.
$ZEC extension has been hit. The Weekly is chugging along still so we'll see how this plays out the rest of this week, but we're seeing this resistance already on the Daily. It's a holiday so not surprised there's some volatility here, but notice the T/R combo after hitting these levels. Will be watching tonight and tomorrow to see how this develops.
ZEC+3.30%
$ETH will break out soon.
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ETH+0.69%
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bitcoin:native still playing in this little sandbox for the time being, but that will soon come to an end. Daily golden cross incoming also.
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BTC-0.28%
GM peeps. Labor Day downtime. Hope everybody enjoys it 👊
GM
Make weekends green again 🙌
FYI, just a bunch of back-testing going on. Let's get this done and continue onward.
GM ☕️ L. F. G.
hedera-hashgraph:native breaking out like a bandit from this smaller structure on LTFs.
HBAR-1.46%
bitcoin:native is still trying to break through this area of resistance as it eats up the positions above. Not over yet.
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BTC-0.28%
Boom-shakalaka! 😉
GM
Getting absolutely hammered by storms this week. Have some appointments to take care of and then charts again later! ✌️
algorand:native
Algorand is finally starting to see a basing period on the Weekly/Monthly, which usually is the start of a new trend and a break of the downtrend.
So what do we look for from here? I took a snapshot of the basing area that you'll want to keep track of. It's just a range of the previous cycle lows and the current cycle lows. When HTFs begin to break out, we'll most likely see a break of the range highs of this base. If there was some further catastrophe, then we'd most likely see a break of the bottom of that highlighted range.
You're also going to see some resistance along t
ALGO+6.88%
$DOGE
Looks like we've got a confirmed bottom on the Weekly for Doge now too. The Daily also appears to be consolidating after this last move, just above the 20/50/100 EMAs. Watch these underneath and see if they hold; if so, I'd expect another move from here in the coming weeks ahead.
DOGE+0.61%
$ETH still developing, but a couple of new updates:
The Monthly and Weekly are testing both the neckline of this double bottom, as well as their respective 50MAs. We even had a local top print for last week so we'll have to wait and see how this plays out. It could reject and create an inverse H&S, or it'll simply just break out eventually from this area (think headlines.. Clarity Act talks, interest rates, the war, etc -- could just be holding for the right moment).
The Daily, however, just had a golden cross take place and is consolidating just above the track line and just below resistance
ETH+0.69%
GM
$amp update:
For the first time since inception, the Monthly chart has found its first local support at $0.00035, which also coincides with the Weekly. Might not mean much to others, but this is a staple that will be referenced down the road.
To recap, the Weekly has confirmed its local bottom in August, and is now starting to turn the corner. It will take some time to develop, but there's a clear shift on the downtrend.
The Daily shows the actual turn of the tides most of all. After our bottom confirmation on the Weekly, we immediately began to test the track line. Since then, we have bee
AMP+1.27%
$SOL
Solana starting to develop a new trend on HTFs. After the Monthly close, we received a bottom signal confirmation as it retests the 50MMA (notice the change from red dots back to neutral at the same time).
The Weekly has a death cross in progress, and we're beginning to test this resistance area from the previous lows. But what do we have on the Weekly again? Another double bottom. It could continue to consolidate around here before further breakout, but the main thing to realize is that the lows appear to already be in.
And this is why timeframes matter: even though we have a Weekly d