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MARKET UPDATE: $ETH ➖➖➖➖➖➖➖ $ETH is trading around 1,861 after pulling back from the 1,940 highs and dropping onto the steeper rising trendline from the early July lows. Price is now testing this support around 1,850 on the 4H chart, with the broader macro trendline from late June sitting just below as the deeper safety net.
Holding above 1,850 keeps the uptrend intact and a reclaim of 1,900 opens the door back toward 1,940 and fresh highs. Losing 1,850 sends price toward the macro trendline near 1,830 with 1,800 below.
VIPMARKET UPDATE: $XMR ➖➖➖➖➖➖➖ $XMR is trading around 366.51 and pushing to fresh local highs after a steady climb along the rising trendlines from the June and early July lows. Price has broken cleanly above the 358 resistance and momentum is firmly with the bulls on the 8H chart.
Holding above 358 keeps the trend intact and a continuation from here opens the door toward 374 and 382 next. Losing 358 sends price back toward the rising trendlines near 335 with 327 below. ➖➖➖➖➖➖$XMR
➖➖➖➖➖➖➖ $ALGO is trading around 0.0842 and reaching the apex of the symmetrical triangle we've been tracking on the 4H. The descending trendline from the 0.096 highs and the rising support from the 0.081 lows have converged all the way into current levels, leaving almost no room left in the coil.
The breakout is imminent from here. Clearing 0.0848 and breaking the trendline flips the structure bullish, opening the door toward 0.0870 and 0.0900 next. Losing 0.0818 breaks the floor and exposes 0.0812 with fresh lows below. ➖➖➖➖➖➖➖