NEAR is trading around 1.663 after a sharp breakdown from the 1.858 to 1.779 support zone, now recovering off the lows near 1.548 to 1.571. Price is grinding back up inside the descending channel from the June 18th high near 2.25, with the lower trendline having just been tested on the 4H chart.
Holding above 1.663 and reclaiming 1.779 opens the door back toward 1.858 and 1.980 next. #NEAR #Erinacrypto $NEAR $GIGGLE $AXTIB
ADA is trading around 0.1640 after bouncing hard off the ascending trendline near 0.1530 to 0.1550 that's held every dip since late June. Price is now recovering back into the 0.1587 to 0.1654 range that's acted as a key pivot zone throughout July on the 4H chart.
Holding above 0.1587 and reclaiming 0.1654 opens the door toward 0.1710 and 0.1750 next. #ADA #Erinacrypto $ADA $ZIL $EUL
BTC is trading around 63,558 and forming a large falling wedge on the daily chart that's been building since the October highs near 126,000. Price is squeezed between the descending trendline near 68,000 to 71,000 and support near 56,600 to 54,414, and this multi month structure is nearing its apex on the 1D timeframe.
A clean break and hold above the wedge resistance near 68,000 to 71,000 flips this bullish and opens the door toward 82,000 and 90,000 next. Losing the wedge support near 56,600 confirms continuation lower and exposes 54,414 and fresh lows below. #BTC #Erinacrypto $BTC $COTI
DOGE is trading around 0.07012 after breaking below the descending channel support that had been holding since late June. Price just lost the lower trendline near 0.0705, and this breakdown comes after a rejection from the upper channel resistance near 0.0730 to 0.0735 on the 4H chart.
Reclaiming 0.0705 to 0.0710 back inside the channel opens the door toward 0.0730 and 0.0735 next. #DOGE #Erinacrypto $DOGE $COTI $DEXE
BNB is trading around 576.06, currently testing the long term descending trendline that's been capping every rally since the June 15th high near 632. Price has been grinding higher inside a broadening structure off the July 2nd low near 538, and this trendline test is the key level to watch on the 4H chart.
A clean break and hold above 577 to 580 flips the structure bullish and opens the door toward 585 and 590 next. #BNB #Erinacrypto $BNB $NIL
FIL is trading around 0.7522, sitting inside a tightening symmetrical triangle that's been forming since mid June. Price is squeezed between the descending trendline from the 0.83 highs near 0.80 and the ascending trendline from the 0.67 lows near 0.72, and this range is narrowing fast on the 4H chart.
A breakout above 0.80 shifts momentum bullish and opens the door toward 0.83 and the prior highs next. #FIL #Erinacrypto $FIL