Daily F&G Update: 19

The Fear & Greed index is at 23 today, somewhat higher than yesterday—likely due to the $BTC bounce. On the bright side, it's still in the Fear zone, so there's room for bulls to run.

Thoughts on #ACE:

$ACE has officially broken out of its descending channel, and that shift alone flips the momentum in favor of the bulls. After weeks of controlled downtrend movement, price finally pushed through the upper boundary with improving volume — exactly what you want to see in a valid breakout.

As long as $ACE holds above the channel top, the bias remains bullish. This structure typically leads to continuation moves, especially when the breakout comes after an extended grind like this one.

Watching for follow-through, but overall $ACE is looking strong here.

Thoughts on #TAO:

$TAO is still respecting its ascending triangle structure, and bulls are clearly in control as long as $TAO continues to hold above this trendline. The repeated higher lows show steady demand stepping in, and now $TAO is pushing directly into the key horizontal resistance once again.

A clean breakout above this zone would confirm the ascending triangle structure and open the door for a strong bullish continuation. The build-up looks healthy — steady trendline support, tightening price action, and persistent attempts to break the ceiling.

As long as $TAO keeps trading above the trendline, the bias remains bullish. A breakout here could unlock momentum quickly, so keeping a close eye on this one.

#DASH Update:

Simple support and resistance play in $DASH. Flip the zone and our next target will be $60.

Be Patient 🧘

We’re not rushing into the market at the moment and staying sidelines for a reason. The extreme spikes within a single 4H candle signal heavy manipulation, and conditions like these don’t reward emotional entries.

This is why patience was emphasized. 🧘

Chart Request: #TAO

$TAO continues to trade inside a well-defined ascending triangle, with higher lows forming along the rising trendline while price keeps pressing against the same horizontal resistance. This structure reflects steady accumulation and growing bullish pressure.

Despite a few rejections from the upper zone, sellers have failed to push price back below the trendline, which keeps the bullish structure intact. As long as $TAO holds above this ascending support, the overall bias remains positive.

A clean breakout above the horizontal resistance, ideally with strong volume, would confirm the pattern and signal the next leg higher. Until then, $TAO remains in a compression phase, offering patience-based opportunities rather than aggressive entries.

Thoughts on #AVNT:

$AVNT is currently trading inside a well-structured falling wedge, a pattern that often signals seller exhaustion rather than continuation. $AVNT has been compressing between converging trendlines, showing decreasing downside momentum with each push lower.

What stands out is how sellers are struggling to extend the move, while price continues to respect the lower boundary of the wedge. This type of compression usually precedes a volatility expansion, and in this case, the bias leans bullish.

A confirmed breakout above the upper trendline, especially with volume expansion, would validate the setup and open the door for a relief move to the upside. Until that happens, patience is key — but structurally, $AVNT is positioning itself for a bullish breakout scenario.

Thoughts on #RVN:

$RVN is currently consolidating inside a clean horizontal channel, showing clear acceptance between well-defined support and resistance levels. Price has been repeatedly defended near the lower boundary, which suggests buyers are actively absorbing sell pressure.

This type of sideways structure after a decline often acts as a base-building phase. As long as $RVN continues to hold the channel support, the probability favors an upside expansion rather than further breakdown.

A confirmed breakout above the channel high, ideally with increased volume, would signal the next bullish leg. Until that breakout occurs, $RVN remains constructive, with price action supporting a bullish continuation bias rather than a bearish one.

#JUP LTF Analysis:

$JUP has now broken down from its descending channel, confirming a bearish continuation structure. $JUP failed to hold the lower boundary of the channel, and that loss of structure shifts the bias clearly in favor of sellers.

This breakdown suggests that downside momentum is still active, and any short-term bounces into prior channel support are likely to act as resistance. As long as $JUP remains below the broken channel and cannot reclaim it, the bearish scenario stays intact.

For now, there’s no confirmation of a bottom. Patience is key here — it’s better to wait for either a clear base formation or a strong reclaim of structure before considering any bullish setups.

#WIF LTF Analysis:

$WIF continues to show strength after successfully holding the ascending trendline and reclaiming the key horizontal resistance zone. This flip is an important development, as former resistance now acting as support usually signals bullish continuation.

As long as $WIF keeps trading above this reclaimed level and respects the trendline support, the structure remains constructive. Buyers are clearly defending dips, which increases the probability of another push higher in the coming sessions.

A clean hold above this zone keeps the bullish bias intact. Losing the flipped level would invalidate the setup, but for now, $WIF remains well-positioned on the upside.

#BTC Update:

Good weekend guys. Nothing has changed on the $BTC chart as price continues to trade inside our previously marked ascending triangle. For now, $BTC is showing very boring and choppy price action while repeatedly testing the horizontal resistance zone.

The plan remains unchanged. A confirmed flip of this horizontal resistance into support would open the door for fresh long opportunities. Alternatively, a retracement back toward the ascending trendline support would also provide a potential long entry.

Until one of these scenarios plays out, $BTC stays in watch mode. Patience is key here—wait for the market to show its hand before making a move.

Thoughts on #S:

$S is currently trading inside a well-defined falling wedge structure, which is generally a bullish reversal pattern. Price has been compressing toward the lower end of the wedge, indicating selling pressure is gradually weakening.

As long as $S continues to respect this structure, a breakout to the upside remains likely. The real confirmation will come once price breaks above the wedge resistance with decent volume. That move should open the door for a short-term relief rally.

Until the breakout happens, patience is key. Keep $S on watch and look for a clean wedge breakout before considering any aggressive long positions.

#YFI LTF Analysis:

$YFI is consolidating inside a clear descending triangle on the 4H, with $YFI continuously pressing against a well-defined horizontal support zone. Each lower high signals increasing bearish pressure, while buyers are struggling to reclaim the descending trendline.

This structure typically resolves to the downside. A clean breakdown below the horizontal support would confirm the pattern and open the door for further downside continuation. That breakdown is the trigger area to look for short opportunities.

As long as $YFI remains below the descending trendline, the bias stays bearish. Any move back above that trendline would invalidate the setup — until then, sellers remain in control.

Thoughts on #TIA:

$TIA is still trading inside a well-defined horizontal channel on the 4H. $TIA is currently hovering near the lower half of the range, where buyers have previously stepped in to defend.

The key level to watch here is the channel mid-line. A clean reclaim and hold above this mid-line would shift momentum back in favor of the bulls and open room for a move toward the upper boundary of the channel. That flip is the confirmation signal for fresh long interest.

Until that happens, $TIA remains range-bound. Failure to reclaim the mid-line keeps price vulnerable to continued chop or another sweep toward the lower support. Patience is key — wait for the mid-line flip before getting aggressive on the long side.

#BNB LTF Analysis:

$BNB is shaping up nicely with a clear bull flag structure on the 4H timeframe. After a strong impulsive move, price has been consolidating in a controlled descending channel, which is exactly what you want to see in a healthy continuation setup.

This consolidation suggests sellers are losing momentum while buyers are absorbing supply. A clean breakout above the flag resistance would confirm bullish continuation and open the door for the next leg higher. That breakout is the trigger — once it happens, $BNB becomes a solid long candidate.

Until then, patience is key. No breakout, no trade. But if $BNB manages to reclaim and hold above the flag, we should see momentum expand quickly to the upside.

Chart Request: #SOMI

$SOMI is showing a clean rounding bottom structure on the 4H, which is a strong sign of gradual accumulation after a prolonged downtrend. This type of base usually forms when selling pressure fades and buyers slowly take control.

The most important part here is that $SOMI has successfully flipped the horizontal resistance into support. This level acted as a cap multiple times in the past, and reclaiming it confirms a structural shift in favor of the bulls.

As long as $SOMI continues to hold above this reclaimed zone, the bias remains bullish and higher continuation is likely. Any pullback into this area that holds can be considered healthy. Losing this level would invalidate the idea, but for now, the chart structure looks constructive and supportive of further upside.

#JOE LTF Analysis:

$JOE is forming a falling wedge on the 4H timeframe, which is a bullish reversal pattern. $JOE is currently compressing near the lower boundary, indicating weakening selling pressure. A confirmed breakout above the wedge resistance, especially with volume, would signal a potential trend reversal and open the door for a bullish move for $JOE.

#ONDO LTF Analysis:

$ONDO is forming a clear descending triangle on the 4H timeframe, which is a bearish continuation structure. $ONDO is currently breaking down from the horizontal support zone, confirming weakness and sustained selling pressure. As long as $ONDO trades below this support and fails to reclaim it, the bearish bias remains intact, with further downside likely in the short term.

Chart Request: #OSMO

$OSMO has confirmed a clean descending triangle breakdown on the 4H timeframe. $OSMO has lost the horizontal support zone and continues to trade below the descending trendline, signaling strong bearish momentum. As long as $OSMO fails to reclaim the broken support, further downside pressure is expected, with the structure favoring continuation to the downside.