Bitcoin is high! Let's see what the charts have to say? - Cult Weekly Analysis 📊
Bitcoin you beauty ❤️
We hope your Portfolio is as high as Bitcoin’s mood!
You are reading CryptoCult, your friendly neighborhood Crypto Analyst
For this week, we bring you the analysis of
Bitcoin
Ethereum
SHIB
ENS
XAUUSD (Gold)
🪙 BTC
Our beloved internet money finally stopped out of the chop mode and the big boi smashed right on through $40k and hasn't looked back since!
Now please for the love of Satoshi don't mess this up - Still not out of Bear Market Fear 😥
We are expecting some consolidating around $41k-$43k before the next leg up [ALTS Party till then]. Major daily resistance at $46k. On the weekly, our boy is ready for a massive green candle!
Resistance: $46k
Support: $41k
🔷ETH
Our little Ether is setting up a cozy ascending triangle and you know we love it. Just a bit more patience then a trip to the moon, on one condition - BTC Dominance should’nt play games!
Resistance: $2,200-$2300
Support: $2050
🐶 SHIB
The little puppy looks ready to take a leap, about to bust out of that weekly descending triangle. Any moment we could see fireworks 🎆🎆 to 0.0121-0.013 sats, then 0.01787 sats.
Resistance: 0.0121-0.013 sats then 0.01787 sats
Support: 0.009181 sats
🔗 ENS
It should follow the steps of the Ethereum
And and…
There’s a glorious triangle about to break-out, send it!!!
Resistance: To be determined
Support: $8.71
🪙 XAUUSD (GOLD)
Always good to peek at gold too, since its correlation to BTC.
Looks to have rejected from resistance for now but watch that 1,330 day accumulation on the weekly
Welp, that's all we've got for you. As always, keep risk management on point and may the gains be ever in your favour! If you enjoy our Letters don’t forget to subscribe and hit the like button!