This is the fourth in a series of free newsletters I intend to publish, at least on a weekly basis but potentially more often depending on developments in the market. This one, which I hope to publish around each Sunday weekly close, will focus on updates to the weekly charts using TA and my custom indicator. If your favourite coin isn't included feel free to ask me to cover it.
Weekly chart updates
Bitcoin $btc
Last week's TA & custom indicator
This week's TA & custom indicator
Still no change on $btc. It continues to be extremely strong and hasn't given the pre-halving dip which was expected.
$eth
Last week's TA & custom indicator
This week's TA & custom indicator
Last week we noted that, $eth had convincingly broken above the key price point of $2500 and that next up was the $3000 target level. That target has now been hit, and the question is whether $eth can now turn it into support.
inj
Last week's TA & custom indicator
This week's TA & custom indicator
We noted last week that $inj had a decisive break from its all time high and was ranging between $30-$40. That remains the situation and even with RSI threatening to break down through its current trendline, consolidation before a break higher still seems the most likely scenario.
$htr
Last week's TA & custom indicator
This week's TA & custom indicator
Last week we noted that $htr has been range bound since the middle of 2022 and, unlike $link for example, has not yet made a convincing attempt at a break out. We also noted last week price has rejected from the underside of the price trendline back to the current support level, and this week it remains trapped between the two levels.
$vra
Last week's TA & custom indicator
This week's TA & custom indicator
Last week we noted that $vra has been coiling under a price trendline since the start of 2023 and a similar RSI trendline over the past few months. Since last week $vra has held above its RSI trendline and above the first price flip level.
$woo
Last week's TA & custom indicator
This week's TA & custom indicator
Last week we noted that $woo has successfully broken out of and retested its bear market range. And that for upwards expansion, closes above $0.4 were needed with the next big test comes at the $0.6 level. Since last week price has made a big move above that $0.4 level.
$rune
Last week's TA & custom indicator
This week's TA & custom indicator
Last week we noted that $rune is another coin which has successfully broken out of and retested (close enough to doing so) its bear market range. And that it has now broken out of diagonal price resistance which should set up another test of the key $8 level. Since last week price has held above current support but hasn't yet made a move up to the flip zone.
$trias
Last week's TA & custom indicator
This week's TA & custom indicator
Last week we noted that $trias is yet another coin which successfully broke out from its bear market range and is currently giving off serious cup and handle vibes. It has been chopping back and forward over the past couple of weeks and looks to be falling back below the $15 level and retested the price trendline breakout. Any drop back to the previous support level around $10 should be a good buy level.
$zen
Last week's TA & custom indicator
This week's TA & custom indicator
Last week we noted that $zen has been relatively disappointing, failing to break out of its bear market range and indeed trending in the wrong direction over the past several weeks. However, last week saw price break out and this week again it has rejected off the key flip level.
$rose
Last week's TA & custom indicator
This week's TA & custom indicator
Last week we noted that $rose is another breakout and retest coin, with its momentum relatively slow since leaving its bear market range. Next resistance ahead is around the $0.16-0.17 level and $rose's price action hasn't really done much to note in the past week.
$link
Last week's TA & custom indicator
This week's TA & custom indicator
Last week we noted that $link was one of the first alts to convincingly leave behind its bear market range and has now broken out from its shorter consolidation. The question was whether the top of that consolidation would be retested or $link would just push on through its current resistance level. This week has seen a retest of resistance but no follow through yet.
$avax
Last week's TA & custom indicator
This week's TA & custom indicator
Last week we noted that $avax looks like a lagging version of link, having broken out from its long-term range but not yet expanded above its current consolidation. No significant change has taken place since last week with price still below the price trendline.
$sol
Last week's TA & custom indicator
This week's TA & custom indicator
Last week we noted that $sol has been a strong performer since breaking out of its bear market range, and looks to be consolidating before a test of key resistance. First it needs to break through current resistance and there has been no change on that in the past week.
$rndr
Last week's TA & custom indicator
This week's TA & custom indicator
Last week we noted that $rndr had pushed through resistance at the $5 range, and was making a push to the higher key resistance zone. That push has continued and the question is whether price will now close above that key resistance level.
$dot
Last week's TA & custom indicator
This week's TA & custom indicator
Last week we noted that $dot had pushed off its key price support level and was flipping current resistance back into support. That process has continued this week and key resistance ahead is a retest of the $9 range.
$grt
Last week's TA & custom indicator
This week's TA & custom indicator
Last week we noted that $grt looked to have escaped from its bear market channel and made a clean break above $0.2. We noted that key resistance ahead was at $0.03 and that might be an obvious place for its move to cool off for consolidation. This week price has hit that level and the question is whether it can be turned into support.
$algo
Last week's TA & custom indicator
This week's TA & custom indicator
Last week we noted that $algo had rejected hard off resistance at the $0.25 level but had found support back at $0.15. It is not currently giving off super strong vibes but a grind back to the the top of channel seems likely.
$hnt
Last week's TA & custom indicator
This week's TA & custom indicator
We noted last week that $hnt has been making an impressive return from the dead, although I'd still say my purchase of a helium miner last bull run was one of my worst crypto decisions ever. $hnt looked like it had broken back above a key flip zone but it has failed to turn into support for further expansion upwards.
$tel
Last week's TA & custom indicator
This week's TA & custom indicator
We noted last week that $tel hasn't come close to breaking out of its bear market range and is struggling to recover from a hack-related dump. A break of the weekly RSI trendline could signal an upside recovery and over the course of this week it looks like it is breaking above its first resistance level.
$xcad
Last week's TA & custom indicator
This week's TA & custom indicator
We noted last week that $xcad has been extremely range bound and needs to convincingly break and hold above the $1.5 dollar level before pushing to break above $2. No change over the past week with price consolidating below that $1.5 range.
$pyr
Last week's TA & custom indicator
This week's TA & custom indicator
$pyr price action has been super clean, breaking out from its beark market range and then rejecting hard off key resistance. Should now coil back up to retry that $8 key resistance level.
$bax
Last week's TA & custom indicator
This week's TA & custom indicator
We noted last week that $bax had an early run at the end of 2022 out of a cup and handle pattern and since then has given back almost all of its gains and settled back into a consolidation channel. At these price levels a small moon bag purchase still feels relatively low risk.
$doge
This week's TA & custom indicator
Still no change on $btc. It continues to be extremely strong and hasn't given the pre-halving dip which was expected.
$eth
Last week's TA & custom indicator
This week's TA & custom indicator
Last week we noted that, $eth had convincingly broken above the key price point of $2500 and that next up was the $3000 target level. That target has now been hit, and the question is whether $eth can now turn it into support.
inj
Last week's TA & custom indicator
This week's TA & custom indicator
We noted last week that $inj had a decisive break from its all time high and was ranging between $30-$40. That remains the situation and even with RSI threatening to break down through its current trendline, consolidation before a break higher still seems the most likely scenario.
$htr
Last week's TA & custom indicator
This week's TA & custom indicator
Last week we noted that $htr has been range bound since the middle of 2022 and, unlike $link for example, has not yet made a convincing attempt at a break out. We also noted last week price has rejected from the underside of the price trendline back to the current support level, and this week it remains trapped between the two levels.
$vra
Last week's TA & custom indicator
This week's TA & custom indicator
Last week we noted that $vra has been coiling under a price trendline since the start of 2023 and a similar RSI trendline over the past few months. Since last week $vra has held above its RSI trendline and above the first price flip level.
$woo
Last week's TA & custom indicator
This week's TA & custom indicator
Last week we noted that $woo has successfully broken out of and retested its bear market range. And that for upwards expansion, closes above $0.4 were needed with the next big test comes at the $0.6 level. Since last week price has made a big move above that $0.4 level.
$rune
Last week's TA & custom indicator
This week's TA & custom indicator
Last week we noted that $rune is another coin which has successfully broken out of and retested (close enough to doing so) its bear market range. And that it has now broken out of diagonal price resistance which should set up another test of the key $8 level. Since last week price has held above current support but hasn't yet made a move up to the flip zone.
$trias
Last week's TA & custom indicator
This week's TA & custom indicator
Last week we noted that $trias is yet another coin which successfully broke out from its bear market range and is currently giving off serious cup and handle vibes. It has been chopping back and forward over the past couple of weeks and looks to be falling back below the $15 level and retested the price trendline breakout. Any drop back to the previous support level around $10 should be a good buy level.
$zen
Last week's TA & custom indicator
This week's TA & custom indicator
Last week we noted that $zen has been relatively disappointing, failing to break out of its bear market range and indeed trending in the wrong direction over the past several weeks. However, last week saw price break out and this week again it has rejected off the key flip level.
$rose
Last week's TA & custom indicator
This week's TA & custom indicator
Last week we noted that $rose is another breakout and retest coin, with its momentum relatively slow since leaving its bear market range. Next resistance ahead is around the $0.16-0.17 level and $rose's price action hasn't really done much to note in the past week.
$link
Last week's TA & custom indicator
This week's TA & custom indicator
Last week we noted that $link was one of the first alts to convincingly leave behind its bear market range and has now broken out from its shorter consolidation. The question was whether the top of that consolidation would be retested or $link would just push on through its current resistance level. This week has seen a retest of resistance but no follow through yet.
$avax
Last week's TA & custom indicator
This week's TA & custom indicator
Last week we noted that $avax looks like a lagging version of link, having broken out from its long-term range but not yet expanded above its current consolidation. No significant change has taken place since last week with price still below the price trendline.
$sol
Last week's TA & custom indicator
This week's TA & custom indicator
Last week we noted that $sol has been a strong performer since breaking out of its bear market range, and looks to be consolidating before a test of key resistance. First it needs to break through current resistance and there has been no change on that in the past week.
$rndr
Last week's TA & custom indicator
This week's TA & custom indicator
Last week we noted that $rndr had pushed through resistance at the $5 range, and was making a push to the higher key resistance zone. That push has continued and the question is whether price will now close above that key resistance level.
$dot
Last week's TA & custom indicator
This week's TA & custom indicator
Last week we noted that $dot had pushed off its key price support level and was flipping current resistance back into support. That process has continued this week and key resistance ahead is a retest of the $9 range.
$grt
Last week's TA & custom indicator
This week's TA & custom indicator
Last week we noted that $grt looked to have escaped from its bear market channel and made a clean break above $0.2. We noted that key resistance ahead was at $0.03 and that might be an obvious place for its move to cool off for consolidation. This week price has hit that level and the question is whether it can be turned into support.
$algo
Last week's TA & custom indicator
This week's TA & custom indicator
Last week we noted that $algo had rejected hard off resistance at the $0.25 level but had found support back at $0.15. It is not currently giving off super strong vibes but a grind back to the the top of channel seems likely.
$hnt
Last week's TA & custom indicator
This week's TA & custom indicator
We noted last week that $hnt has been making an impressive return from the dead, although I'd still say my purchase of a helium miner last bull run was one of my worst crypto decisions ever. $hnt looked like it had broken back above a key flip zone but it has failed to turn into support for further expansion upwards.
$tel
Last week's TA & custom indicator
This week's TA & custom indicator
We noted last week that $tel hasn't come close to breaking out of its bear market range and is struggling to recover from a hack-related dump. A break of the weekly RSI trendline could signal an upside recovery and over the course of this week it looks like it is breaking above its first resistance level.
$xcad
Last week's TA & custom indicator
This week's TA & custom indicator
We noted last week that $xcad has been extremely range bound and needs to convincingly break and hold above the $1.5 dollar level before pushing to break above $2. No change over the past week with price consolidating below that $1.5 range.
$pyr
Last week's TA & custom indicator
This week's TA & custom indicator
$pyr price action has been super clean, breaking out from its beark market range and then rejecting hard off key resistance. Should now coil back up to retry that $8 key resistance level.
$bax
Last week's TA & custom indicator
This week's TA & custom indicator
We noted last week that $bax had an early run at the end of 2022 out of a cup and handle pattern and since then has given back almost all of its gains and settled back into a consolidation channel. At these price levels a small moon bag purchase still feels relatively low risk.
$doge
$doge is another coin which has struggled to break out from its bear market channel and price is currently in a bit of a no-man's land.
