BitMidas

BitMidas

As mentioned in the last post, $338.8 is the upper line of the short-term upward channel. Before a true breakout, $BNB will be limited within the range and consolidated. $338.8 still functions; $354-$378 is the next resistance. Short-term bulls continue. We need to monitor the bullish trend support at $280- $277.3, which has the same functions as that of BTC....

BitMidas

$OP spring and fall back right on the key support at $1.21. If it’s not broken, bulls will lead a pull back within 1-2 days. It’s hard to break up the 1-2day strong resistance. If the support is broken, it’ll consolidate at lower supports.

BitMidas

BTC went back on $23643.81 and bounced back. We mentioned in the notice yesterday that if the support stands the tests, the price could bounce back from that trend support. (Monitor today if the trend support holds the price still. Holding above it will see a pull-up; or broken and remain under it for 4-12 hours will see a push-down. Resistance for...

BitMidas

Yesterday BTC held the short-term bullish support. Short-term bulls continue. (Notice that, if the support is not broken, the price could bounce up higher; if it’s broken and becomes a resistance (4-12h), the price could plunge) The major resistance of the short-term bullish trend is at $25395.34, breaking up which could open up more space above. Short-term...

BitMidas

Last Friday BTC went back to $23526, with the lowest at $23583, and then broke up $24860 but failed to hold it steadily. More consolidations are needed to stabilize the bullish movement. This target comes to $25091.46. Short-term bulls continue, with their key supports diverting to $23923.25-$23551.34. According to the statistics, the first crucial mid-term...

BitMidas

UNI has jumped out of the downward channel and initially entered consolidation. It has come near to the edge of heavy resistance and trying to breakout and expand the consolidation range. Although coming out of the downward channel, UNI has not formed a short-term bullish channel. Short-term bullish, mid-term consolidation The support of the short-term bulls...

BitMidas

Yesterday BTC went against $24860.73 but didn’t hold it up steadily. It’s still in the short-term bullish trend. Standing above this target for 24 hours is an effective breakout and after 3 days it shall become a solid support. The lowest point came to $23761 a few hours ago, right within our support target of $23745 yesterday. The market is testing the support...

BitMidas

BNB has jumped out of the bearish channel and is marching towards the next crowded trading resistance. The whole process is going to oscillate upwards. The crucial support of pullbacks are at $301.8; $271.5; $269.1 $338.8 is the intraday resistance today and the upper edge of the rising channel. It will come back and forth along this line before a breakout....

BitMidas

CPI was much lower than expected, which fueled a strong bull run for all markets except the USDX. BTC bounced from the short-term support and gathered the strength to challenge the resistance above. According to the strength of the triangle, the resistance today diverts to $24860.73-$24597.35. This resistance has become weak and easily broken. Short-term...

BitMidas

FIL fell below many downward channels and statistical supports. There is no technical strong support and all the short-term supports are brought by BTC ETH. All short-term supports are not strong enough unless with more funds inflow. Crucial mid-term resistance: $20.48 (also a turning point) The price remains in the downward channel3 under mid-term...

BitMidas Updated 

DOT is between a narrow range formed by the waves in the downward channel. DOT bounced several times from the support of the narrow band. It’s now going upward to test $10.73, the upper edge of the downward channel. The major resistance of the downward channel is at between $11.54-$12.00. Breakup and holding above it for 2 weeks will expand the consolidation...

BitMidas

The challenge failed due to the strong resistance of the triangle. After 16:00 (UTC+8) BTC dropped and touched short-term bullish support. Monitor today if the support could hold up the price. According to the strength of the triangle, the resistance today diverts to $24736.27-$24457.91. The price could drop to $22775.99 if the short-term bullish trend is...

BitMidas

BTC ends the consolidation and opens up the space above. Today it keeps challenging resistances. The strength has come to a crucial point in an upward triangle, resulting in a resistance between $24876.64-$24525.19. Short-term bullish support diverts to $23030-$22962.87. The key support of the month is between $18393.50-$17819.71. Higher statistic support...

BitMidas

ETH went back on $1559 and held $1551.77, the upper edge of the box1. Now it’s testing to break up $1747.84 of the box2. ETH moves stronger than BTC, climbing a ladder of boxes. The strength comes near to a breakout the triangle to enter another box before making a confirmation. Short-term key support $1514.75-$1467.34.

BitMidas

BTC is about to end the consolidation, yet still needs some time to test. If it breaks $23976.01 based on data and movement, then it could go up higher. Consolidation range: $23976.01-$21749.97; $22638.15 is the center where longs and shorts battle severely. Key support diverts to $22638.15. BTC stepped on this support and now moves along it. The key support...

BitMidas

BTC is still under the pressure of resistance and is yet to end consolidation. Breaking up the intraday resistance today and then holding up on $23775.37 for 4-8 hours could it end this consolidation; otherwise it’ll come to a lower area to consolidate. The crucial support of the day is $22153.84. The crucial range this week moves down between...

BitMidas

Affected by the security incident, $SOL is facing downward pressure. Monitor 2 supports in the chart.

BitMidas

BTC went as high as $23657 and was rejected by resistance at $23743, which is diverted to $25853.50. Breaking up this resistance will end consolidation; breaking down $21768.94 will prolong the consolidation. The crucial support of the day is $22490.46. The support of the short-term bulls has diverted to $21768.94 at the beginning of a mid-term consolidation....