This was from yesterdays 10/4/2021 newsletter
Could This Be… Uptober?
1?? BTC/USD
Testing key resistance at $48.5k.
Promising to see positive price action, particularly when stock markets are more risk-off.
We regard a break of this level as an aggressive entry.
A more conversative entry would be once the next key resistance level is claimed: $50k.
Next key support at $44k.
2?? ETH/USD
Structure not breaking as clearly as Bitcoin.
Bitcoin is starting to establish higher highs in a way that we aren’t seeing on Ethereum just yet.
That being said, ETH will likely follow BTC.
Next hurdle: $3.6k and key level to break at $4k.
Beyond $4k is price discovery.
3?? SOL/USD
We’ve just broken the key structural level, $170. Favoring longs now.
A test of $190 is probable.
$200 is our key breakout level. In other words, If we claim $200 we expect aggressive continuation.
So many positive fundamental developments around Solana: just recently, Solana was added to the Grayscale fund. More on this later in the newsletter.
4?? SRM/USD
SRM experienced a pretty harsh drop.
Starting to see some recovery.
That being said, Solana looks stronger at the moment.
Above the $10.8 level, the odds shift more towards SRM.
5?? AXS/USD
The token that keeps on giving.
Trailing Fibonacci is our preferred entry approach: buying at 0.236 retracements.
Few coins have experienced such uptrends.
Community is vibrant, the game keeps improving and we’ve just heard their plans to launch a DEX, which will likely provide more upside momentum.
Grayscale Investments, holder of the world’s largest bitcoin fund, now holds Solana (SOL) and Uniswap (UNI) in its Digital Large Cap Fund (GDLC). The move into the two altcoins further diversifies the portfolio by reducing its holdings in Litecoin and Bitcoin Cash to account for the addition.