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After a strong rally, the price entered a distribution zone. The key level now is the daily EMA 50, which coincides with the low of the current range (~4.300).
As long as the price holds above this level, the structure remains relatively stable. But if we lose 4.300, the next logical level to watch is 3.835. There’s a strong chance the price could move into this demand zone.
If it fails to hold there as well, the way will be open to 3.383.
$ZEC — Update on the StructureAs expected, the market made an upward move from last month's VAL. The price decisively bounced off the lower boundary of the range and gained around +28%. The structure played out in line with the previously outlined scenario.
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$ZEC — what’s happening now
Right now the key level is the 1256 zone + last month’s VWAP. This is the main line that needs to be held.
If price closes below these levels, the market will open the way downward. The next target in that case is the 1000 area (where the old structure and the monthly VAL meet).
As long as price is above, we stay in balance—the market just rotates within the current range.
$HYPE Price has already been rejected at PM VAL. Unless there’s an immediate strong bounce and recovery, it will fall to the August VWAP. The yearly VAH also needs to hold, so let’s see how things go around 70—no need to rush. If it doesn’t hold, filling the huge gap below will be very worrying.
One of the more constructive charts among altcoins right now.
Price is trading within a range. Support is forming below: VAL VRVP + previous month’s VAH / VWAP.
This is a key support zone for the range. As long as price holds this area and doesn’t accept prices below it, the structure remains relatively bullish for trading within the range / a possible rotation higher.
I’m watching how participants react in this zone.
I’m not attached to a particular direction. We’re simply reading where the balance of control lies right now.
$BTC As long as we're above 80k, we're back; below that, it's all over. The POC at 84k and the upper boundary of the range around ~86 are good levels to watch if we move higher from here.
Right now the key level is the 1256 zone + last month’s VWAP. This is the main line that needs to be held.
If price closes below these levels, the market will open the way downward. The next target in that case is the 1000 area (where the old structure and the monthly VAL meet).
As long as price is above, we stay in balance—the market just rotates within the current range.
$XRP The key level is the 1.35 zone, where pM VAL and VAL FRVP converge. Price is highly likely to move down and test this area before a clearer directional impulse forms.
Right now the key level is the 1256 zone + last month’s VWAP. This is the main line that needs to be held.
If price closes below these levels, the market will open the way downward. The next target in that case is the 1000 area (where the old structure and the monthly VAL meet).
As long as price is above, we stay in balance—the market just rotates within the current range.
$LIT Price is below the VAL for the 4-week composite. The composite VAL matches the weekly VWAP—this is a fairly strong consolidation zone. As long as the price is holding below this area, I consider it resistance. To find an entry, I want to see how price will move through this supply zone and find acceptance above it.
Took $DASH for 50% of the planned volume. Breakout of the monthly opening—I'll buy more. If it doesn't work out, the risk will be half of what I originally wanted.