The Crypto Index

Introduction

Welcome to the latest edition of The Crypto Index, where we bring you key updates and analyses across the diverse spectrum of crypto assets! Before we dive in, make sure to consider joining our Advanced Community!

Section 1: Bitcoin (BTC)

  • Overview of Price Movements

  • Technical Analysis Breakdown

Section 2: Ethereum (ETH)

  • Overview of Price Movements

  • Technical Analysis Breakdown

Section 3: Solana (SOL) 

  • Overview of Price Movements

  • Technical Analysis Breakdown

Section 4: Altcoin of the Day

  •  Highlight

  •  Technical Analysis Breakdown

Section 5: Memecoin of the Day

  • Highlight

  • Technical Analysis Breakdown

Bitcoin

Update: We were right! We spotted the bottom, BTC followed with macro bullish price action. Now, let’s dig into what’s important next…

Daily Chart:

Technical Breakdown: BTC moved exactly how we thought it would, but now we need to be weary of this upside target as resistance. If we want this move to hold bullish in the macro, BTC needs to get above this level and turn it into support. For now, we will have a slightly risk off bias until we see that level broken.

3 Day Chart:

Technical Breakdown: Looking at the 3D chart, we see the beautiful bullish trend shift into our upside AOI (target). The next step is waiting for that level to clear, then its blue skies ahead for BTC in the macro.

Ethereum

Update:  $ETH is flipping bullish just like we said it would when the broad market follows BTC. The lag can present a good opportunity, let’s dig in…

Daily Chart:

Technical Breakdown: ETH is finally giving us a good trend shift above the Trend EQ and is headed toward the upside red AOI. The macro confirmation level for much higher is our red AOI, if we can get above that it’s off to the races for ETH.

3 Day Chart:

Technical Breakdown: The 3D chart gives you a better view of how important that red AOI is, break it and we flip macro bullish. We would look for an upside target around $2,400 and re-asses price action there.

Solana 

Update: $SOL is following our map exactly as we thought it would, and is now sitting at a very important macro level, let’s check it out…

Daily Chart:

Technical Breakdown: Solana gave us the signal when trend shifted above the Trend EQ and candles flipped green. Now we are sitting at the upside target from our last bullish speculation. In order to have sustained bullish macro price action, we need Solana above this first grey AOI in order to target the much higher AOI at $170-$180.

3 Day Chart:

Technical Breakdown: The 3D chart shows a macro bullish trend shift and price parked at the first AOI. Any retest back down into the red AOI or a break of this first grey AOI are both buying opportunities in our system.

Update: The Altcoin Chart of The Day is $XRP on the 1D timeframe!

Chart: 

Technical Breakdown: This is a set up we have been monitoring for awhile now and we are pretty confident this diagonal resistance will break in time. Any meaningful move past that resistance level is the long trigger. Also we already have a bullish trend shift above the Trend EQ.

Memecoin of The Day

Update: The Memecoin of The Day is $PEPE!

Chart:

Technical Breakdown: This set up couldn’t have gone better. We highlighted this move last week and it just hit the upside target! If you followed, congrats! Now we are looking for that target area to break for upside continuation. Until that happens it’s best to be risk off and wait for the next set up.