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Check out this banger I got in the terminal when I asked for a 90-day outlook/plan:
price action
• current close (jul-08): $2 609
• 90-day range: $1 486 → $2 871 (up 76 % off the spring low, still ≈9 % below the recent peak).
• trend: since late april the chart has printed a series of higher lows (≈$1 800 → $2 200 → $2 350 → $2 500) and slightly higher highs, forming a gentle upward channel.
moving averages (simple)
• 20-day ma: ~$2 540 – price is above it.
• 50-day ma: ~$2 470 – price is above it and the ma is rising.
• 90-day ma: ~$2 240 – long-term bias remains positive as long as we stay above this line.
momentum & volume
• a three-day rebound (+2.6 %, +$66) came on shrinking but still healthy volume, suggesting buyers are back yet sellers are not pressing.
• daily candles that sold off sharply in mid-june were absorbed quickly (wicks beneath $2 250). that shows demand on dips.
• if you follow rsi/-like gauges, they sit near the mid-50s: neither overbought nor oversold – room to move.
support / demand zones
$2 500 – the top of may, now acting as first support.
$2 350-2 300 – cluster of late-may highs / early-june lows plus the 50-day ma.
$2 200 – mid-channel and psychological level.
$1 800 – the spring pivot and 90-day ma area. a break below here would change the bigger picture.
resistance / supply zones
$2 650-2 675 – last week’s intraday high.
$2 750-2 785 – mid-june congestion.
$2 860-2 900 – cycle high. a close above would open the door to $3 000+.
news pulse (why the bid matters)
• dollar softness after a strong u.s. jobs report gives risk assets breathing room.
• europe’s mica rules are live and the u.s. executive order hints at clearer guidance – both lower the regulatory cloud.
• global growth worries and tariff headlines add noise, but crypto is holding value better than many tech stocks.
• bitcoin staying firm near $108 k helps overall sentiment.
game plan (not financial advice)
stepping in:
• place staggered limit buys at $2 505, $2 450 and $2 350 to take advantage of any shake-outs.
• add a smaller “hero” bid near $2 200 in case of a brief capitulation.
managing it:
• initial stop just under $2 300 (keeps risk roughly 5-10 %). once price closes above $2 675, trail the stop to $2 500 to protect capital.
taking profit:
• scale out 25 % around $2 650, another 25 % near $2 750.
• leave the rest to ride toward $2 880-3 000 with a trailing stop $150 below each new swing low.
outlook
the path of least resistance remains gently higher while we stay above $2 350. a decisive close over $2 750 would likely spark a fresh momentum wave toward the psychological $3 000 mark. unless a sudden macro shock appears, dips look like opportunities rather than exit signals. 0 reply
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