Cjbeneneet

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

$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.

$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

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

$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

GM - market update time:
bitcoin:native is hanging just barely underneath the Weekly track line and the 50WMA. Looks to be consolidating and biding time for the right moment.
A few key points that makes me bullish on Bitcoin in the mid-term here as we approach Q4:
- Clear bottom confirmation on the Weekly with consecutive green dots
- Double bottom still in progress and hasn't fully played out yet
- Phantom showing signs of flipping back to bull mode (not quite there, but close)
The Daily is still consolidating it seems. RSI pullback as price maintains this area near the double bottom resista

GM all
$BTC looks like it found some resistance (~$81,265) right before the above resistance (~$82,814) was hit. After this last pump, we will now watch this as it develops. So far, yesterday's local top candle has been invalidated, but keep an eye at the $77,832 level today and tomorrow at the close. If we cross below that and close, we will see some further pullback first before another attack at the overall neckline of the double bottom above.
In theory, the neckline would look something like this (Weekly). Hence, why we're testing this area, which also happens to converge in the same area

As we begin to test major resistance areas and liquidity bounces around, things start to slow down while we await the next move.
With that said, $BTC still holding steady just above this last local resistance on the Daily, while the Weekly is testing the 50WMA. No major moves or signals quite yet.

$BTC has already began inching its way to the 50DMA at this point. Now, we'll just wait to see how this week's PA works out. Watch for a retake of that 50DMA level and then we just may get another leg beyond it.
The Daily is interesting to watch also. Still sitting above this old resistance level, which today we even bounced off of higher. I'm curious to see if Bitcoin doesn't wait and just attacks the upper neckline resistance area of these double bottoms.

$SUI
Looks like SUI is about to confirm this bottom signal on the Weekly. Phantom has a divergence, but it's slightly behind the market at the moment.
The Daily had an interesting fakeout to begin this breakout. B/R combo that first failed on the first candle, but then the second candle had an engulfing reversal that confirmed it. Since then, it began to overtake the 200DMA, but then pulled back within with a top candle and is still in limbo right now. All you're looking for here is to invalidate that topping signal. As long as today and tomorrow's close does not fall below that candle, we s

$CRV
Golden cross on the Daily crossing as we speak. Fairly clean price action here also. Breakout after consolidation, immediate break through the 200DMA, back-test, then breakout again. And now, we wait for this topping signal to invalidate. Notice how the top candle back-tested that resistance level on the last leg. A SL below that track line should suffice for the mid-term.
Zooming out, the Weekly has finally confirmed its bottom after all that basing. Breakout tapped the 50WMA. But what I want to point your attention to most of all is the Phantom indicator. Notice the bullish divergence

$ETH
Ethereum is flexing against the market recently. After this last breakout, we are sitting right on top of this old resistance near $2416. Golden cross isn't too far away on the Daily so I'd expect some more uplift in the near future to coincide with that.
The Weekly speaks for itself, shows all the important levels at the moment. We nearly tested the 50WMA, but already testing the 200WMA. Clear double bottom playing out. 🫡

$ANVL
Anvil found some resistance the other day, but thus far is still holding above the Daily track line and looks like it may invalidate this reversal candle from yesterday with a decent candle. Sitting just on top of the 100D EMA.
With that said, somewhat of a bounce-back on the 4HR since this chop began. Bottom was confirmed on LTFs yesterday and has since retested local resistance above. Slight reversal popping its head out to close out the week, but as long as there's no major reversals it should try to retest above again.