Elisa's Charts

Did not get a chance to finish or post the charts of the new majors yesterday but per comment we have had a few 2d alerted supply hit on #MATIC #LINK #ATOM and #NEAR. (#NEAR front ran the zone though) So now watch these to see if the newly created demand is strong enough to firstly hold then secondly break another test of supply and potentially form an uptrend - even if only to the 1W-3W zones above.

None of the #OLDMAJORS hit daily zones (yet)

#BTC - good calls on first the long zone and then the short zone ❤️ #ETH hasn't hit either on the other hand! But better not hitting than failing 🤣

#XRP - Monthly is just painful, I still live in hope of the monthly demand below being hit in the high 30s to 40, but with 3 wicks so close now I'm nervous it won't hold if it goes there again. Perilously close to breaking log trend here too but really just sideways pain. May also create monthly supply. Lower tf shows trendlines breaking but it's just in a range still. 4d inside 2W supply had a good reaction but also held a HL. Don't want to add shorts in the same range now unless I see something new - but there is the possibility the 12h supply above the last wick gets tested. Next short up at 4d/5d supply near the highs if it goes there. Long on the monthly high 30sor failing that the 2M/3M in the 20s! BTC pair I had an alert for a HL a while ago but had no decent reaction yet. Now approaching the 2021 low. Like EOS could get a bounce from the start of the impulse now, but still has 1W/3W supply immediately above. But keep an eye on it - daily is looking interesting but needs to get through supply.

#BCH - Monthly looking for 3M demand to be hit at $300 for longs ideally - or the monthly inside that at 260. Coming off 3M and 1Y supply at the highs and may create new monthly supply. Still in 5d demand at the start of the last impulse and the 61 fib so may still gain support here. Again alerted 2d supply and weekly above for possible shorts - possible it early rejects the monthly level which coincides with the 2d. Long alert below on the 3M for an early warning - however be conscious of the untested monthly inside and the possibility of a wick taking the trendline stops too. The whole structure as I've said is also coming from annual supply. BTC pair is interesting but slightly awkward. Hitting 2W demand inside 3M but both were already tested. The previous test was strong but unable to make a new high so strictly I expect to take out the 2024 low, however possible it bounces higher either for a correction or continuing the triangle HLs. Worth keeping an eye on either now or at the 3d 0.5216.

#EOS - Monthly as you'd expect. I had an alert in 3W demand at current price but came deep inside to a 3d at the base, now just need to see if it will hold a HL. Structure still down on higher tf so taking out the lows is higher probability. Short placed at 2d supply at the point of breaking support, and then also at unconfirmed 6M supply above. Long alerted for ATL to watch. And just see if we get any PA to long in current demand. BTC pair is fugly! If I'm optimistic could end up a blow off bottom, up to you if you want to watch ltfs!

#LTC - Giant triangle, coming off 2M supply at the high and now 3rd hit on 1M demand. May create monthly supply. Can still see either direction but don't want to long a third hit on demand unless it goes deeper inside. All demand below has wicks through so nothing alerted until the 30s 😱 2d supply and 2W supply above that alerted for possible range plays but both weak unless price goes lower before retest. BTC pair continues to make new lows, nothing to long other than a small possibility of a HL, needs a HH before any hope!

I'll post majors charts later on - but basically short term setting alerts on most of them on 2d supply (some may also have 3d by close if we don't get a rally). These are aggressive since so many are still in higher tf demands. However, many coincide with the point of breakdown so either they fail and prices get back in range, or we see the downtrends continue. Either way I just want to monitor retests. Above those, most also have 1W-3W supply, and may also confirm monthly. Cross those bridges if we come to it! Exceptions XRP and BNB which have different structures. Also LINK and SOL higher risk. Have to go gym now so charts later this afternoon.

#ETH - Per yesterday's comments on ETHBTC we had less drop (HLs through the afternoon) followed by more pump allowing a strong bounce off daily demand making equal highs today. Korea made a 2d supply, USD pair did not. Current high retesting 12h supply. While this structure is stronger than BTC, it is still in the immediate range and below the trendline. Bulls looking for new 4h demand to hold a retest if given - still weak demand as no break of supply - but worth considering due to the higher tf 1M/3W demands. Note if ETH gets down there it's likely BTC will make a new low. Check for confluence before aping longs! For shorts - wait for retest of the daily supply above which broke down the upper range if given, and then 4d zone above that.

tl:dr - bias still down until I see a decent impulse off this weekly demand (weak zone) and even then we have weekly supply to contend with, or if we see lower tf PA start to break supply.