OVERVIEW

Green Candles Are My Love Language And Also My Primary Trigger 💚

Here’s What’s Happening 👇️

TECHNICAL ANALYSIS
This Is All Anyone Cares About: What Levels To Watch Out For 👀

I’m just gonna go out on a limb (you know, as I type that out, that sounds like such a stupid phrase) and assume no one right now really cares about ‘news’ today. I might even go so far to say on-chain activity isn’t much of a thing you want to read/see either. 📰 

If you’re anything like me, and I know I am, I start to feel what a Minnesota Vikings fan feels when the Vikes have had a few strong wins. And some questions come up:

1. Is this real?

2. Can I psychologically and spiritually afford another disappointment after already experiencing, well, years of disappointment?

3. Just tell me where and/or when I can start to feel normal again.

Ya, I have no idea if this is real or when you can feel normal again, but if you’re looking for price levels that should be on your radar, well, today's newsletter might help. 👇️ 

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TECHNICAL ANALYSIS
Levels To Watch - Part One 🔢

Listen, when crypto starts to make crazy moves, they can be absolutely nuts and a lot of the near-term and immediate support/resistance levels can have the strength of single ply motel toiler paper. 🚽

But it’s good to at least know ‘where’ price action might need to recharge/fill up before continuing the Griswold family adventure its currently on.

Avalanche

The last time $AVAX ( ▲ 6.7% ) close above the daily Cloud was May 15, 2026. It finally snapped that losers streak yesterday. Let’s not even talk about the last time the weekly chart closed above the weekly Cloud (the last week of December 2024). 😶

Oh, one random fun Ichimoku point: Avalanche’s price action is a good example how Kumo Twists can signal the beginning of a new move.

Despite AVAX triggering an Ideal Bullish Ichimoku Breakout, there is one thing holding it back from having a very strong sustained drive: the Chikou Span stuck inside the Cloud. Until AVAX, and, by default, the Chikou Span close above $7.925, this could be where AVAX finds some near-term resistance into the weekend. Throw in the the natural $8 level and the weekly Kijun-Sen, and it’s not hard to imagine a pause coming up.

But above $8? It’s wide open until the monthly Tenkan-Sen at $10.38. 🪂

• Near-term Resistance: $8 value area.

• Near-Term Support: $6.80 value area.

Bitcoin

No need to get long winded on this guy. $BTC ( ▲ 6.6% ) ’s near-term resistance is right where its currently having trouble: the monthly Tenkan-Sen at $78,378. And above that, there’s a cluster of resistance with the bottom of the weekly Cloud (Senkou Span A) and the monthly Kijun-Sen.

There’s a metric crap ton of support at the $68k to $70k value area because both the daily and weekly have their respective Tenkan-Sen and Kijun-Sen in that range. 🚂

• Near-term Resistance: $78,400 value area.

• Near-Term Support: $70,000 value area.

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TECHNICAL ANALYSIS
Levels To Watch - Part Two 🔢 👀

XRP

Wow. +41% so far for the week. That’s the best week since the week of November 25, 2024. 🥳

Since the week hasn’t close yet, I’m going to call near-term resistance for $XRP ( ▲ 11.3% )  at the weekly Kijun-Sen even though it’s currently trading above it. And there’s a good support zone on the daily chart with the top of the Cloud (Senkou Span B) at $1.16 and the daily Kijun-Sen and Tenkan-Sen at $1.20.

Also, I just have to throw the monthly chart in here as another example of how useful the Ichimoku Kinko Hyo system is. XRP’s monthly chart is a great example of how well price action respects the Cloud as a major support/resistance area. ☁️ 

• Near-term Resistance: $1.295 value area.

• Near-term Support: $1.20 value area.

Ethereum

We looked at Etheruem a little yesterday, but I wanted to touch on it again (and there’s another one of those ‘when you type it out and read it in your head it seems ewww’). 🤔

Much like Bitcoin, $ETH ( ▲ 5.0% ) is trading right up against it’s near-term major resistance today. And out of all the tickers we’re looking at today, ETH’s resistance is likely the strongest and most important to watch. Why? Because it’s based on the monthly Ichimoku chart.

ETH is trading up against the strongest level of support/resistance (in this case, resistance) of the Ichimoku system: Senkou Span B. And it’s got the Tenkan-Sen parked right right on top of it, creating one hell of a place you’d expect some pause from any higher moves. Oh, and the monthly Chikou Span is up against the Cloud as well. Kind of a very rude double whammy.

But here’s the thing. 

The Cloud is thin. Thin Clouds represent weakness. So, as strong as Senkou Span B and the Cloud is, the closer Senkou Span A gets to Senkou Span B, the weaker Span B gets. In a nutshell, what I’m saying is it’s easier, just look how easily it dropped below the Cloud between January and February of this year. 📉 

• Near-Term Resistance: $2,500 value area.

• Near-Term Support: $2,100 value area.

TECHNICAL ANALYSIS
Levels To Watch - Part Three 🔢 👀

 Solana

Solana is officially old enough of an asset that it has a complete monthly Ichimoku chart. What do I mean by that? Well, just look at the monthly chart:

See how wonky and incomplete it was? The last Ichimoku indicator to print in this situation is Senkou Span B, which is simply the mid point between the Tenkan-Sen and Kijun-Sen. BUT, because the Ichimoku system project the Cloud forward 26 periods, what we’re really looking at for Senkou Span B is the mid point of the Kijun-Sen and Tenkan-Sen from 26 months ago. Wrap your head around that.

Anyway, similar to Bitcoin, not much to go over here with $SOL ( ▲ 4.4% ) . Why? Because there’s just a massive hole of nothing between where it is and it’s next resistance level. It’s bottom of the monthly Cloud (Senkou Span B) and the monthly Tenkan-Sen as the next major resistance level.

• Near-Term Resistance: $122 value area.

• Near-Term Support: $81 value area.

Sui

Haven’t looked at this turd in a while. It’s up +20% so far on the week, and +11 today. And unless something really really bad happens, $SUI ( ▲ 10.2% ) will have a confirmed Ideal Bullish Ichimoku Breakout on its daily chart.

Similar thing to what we saw with Avalanche: the Chikou Span really needs to close above the Cloud. If it doesn’t, then there’s some near-term chop in the $0.88 to $0.91 range.

• Near-term Resistance: $1.024 value area.

• Near-term Support: $0.74

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Author Disclosure: The author of this newsletter holds positions in AVAX, ADA, PUDGY, WLD, NEAR, INJ, LTC, LINK, ZEC, XLM, and FET. 📋