ThinkTechnical 9 June - Crypto 10 in 10

• Bitcoin vs $US (BTCUSD)
• Cardano vs $US (ADAUSD)
• Chainlink vs $US (LINKUSD)
• Dogecoin vs $US (DOGEUSD)
• Ethereum vs $US (ETHUSD)
• Polkadot vs $US (DOTUSD)
• Polygon (MATIC) vs $US (MATICUSD)
• Ripple vs $US (XRPUSD)
• Shiba Inu vs $US (SHIBUSD)
• Solana vs $US (SOLUSD)

Bitcoin vs $US (BTCUSD) - SELL

• ST/LT Trends: Down/Down
• Remains stuck in supply side market
• Resisted by dynamic long term trend zone, and by static resistance at 40879-41994
• Support at 28876-31100, appears to be holding for now
• Constructive last candle is backed up with elevated volume, indicates accumulation
• Bias still down, with potential target towards 20,000 if 28876 breaks.

Cardano vs $US (ADAUSD) - HOLD

• ST/LT Trends: Neutral/Up
• Remains supported on dips and is trending toward top of recent consolidation range
• Resistance at 1.8945
• Support at 1.3265
• Solid candle last candle, but lacked conviction via a strong volume performance
• Appears to be best of majors from a technical standpoint
• Bias #HODL whilst remains above 1.0431, and watching for a break of 1.8945 to resume the long term uptrend

Chainlink vs $US (LINKUSD) - SELL

• ST/LT Trends: Neutral/Down
• Compressing in a range around the long term dynamic support zone
• Break of 23.66 puts back in bearish short term price action (lower peaks, lower troughs)
• Constructive last candle but lacks conviction from volume
• Resistance at 32.97-35.77
• Support at 23.66?, then 18.65 and 14.95
• Bias is avoid/sell due to deteriorating technical picture

Dogecoin vs $US (DOGEUSD) - HOLD

• ST/LT Trends: Down/Up
• Remains in short term price action uptrend (higher peaks, higher troughs)
• Candles since 0.4631 peak demonstrate solid and sustained supply
• Last candle but lacks conviction from volume (which looks like has completely dried up = diminished interest)
• A quick move back above 0.3828 (bear candle on 7 June) required to arrest recent poor form
• Resistance at 0.4631, now looks like major pivot level
• Support at 0.2769, then 0.1950
• Bias is avoid/hold due to deteriorating technical picture

Ethereum vs $US (ETHUSD) - HOLD

• ST/LT Trends: Down/Up
• Continues to compress within an equilibrium zone between 1720 and 3008
• Appears to lack conviction to upside, but remains well supported on dips
• Resistance at 3008
• Support between 1720-2174, appears holding for now
• Bias is hold whilst remains above 2174, and watching for a break of 3008 to resume the long term uptrend

Polkadot vs $US (DOTUSD) - HOLD

• ST/LT Trends: Neutral/Neutral
• Compressing in a range around the long term dynamic support zone
• EMA's indicate short term downtrend, but note price action shows short term uptrend (higher peaks, higher troughs). Price action tends to lead, so constructive for recovery
• Last candle also constructive for short term bounce, there is some conviction in volume (but would prefer more to be convinced this is a potential rally point)
• A quick move back above 25.52 (bear candle on 7 June) required for confident resumption of price action uptrend
• Resistance at 29.22, then 31.60
• Support at 18.39, then 15.76
• Bias is hold whilst 18.39 holds due to price action uptrend

Polygon (MATIC) vs $US (MATICUSD) - HOLD

• ST/LT Trends: Neutral/Up
• Relatively strong compared to others, but looks coming under increasing pressure
• Price action downtrend is concern, as is distance to key support points
• Last candle constructive for short term bounce, but lacks conviction in volume 
• Risks drift lower unless can break back above 1.7462, preferably with volume spike
• Resistance at 1.7462, then 2.0440
• Support at 1.0278
• Bias is hold on the basis of sound relative performance

Ripple vs $US (XRPUSD) - HOLD

• ST/LT Trends: Down/Up
• Compressing in a range above the long term dynamic support zone, supportive of maintaining long term trend
• Price action shows short term uptrend, but with significant overlap of peaks and troughs (lower quality)
• Resistance at 1.1051
• Support at 0.7703 then 0.7576
• Bias is hold whilst trading above long term uptrend

Shiba Inu vs $US (SHIBUSD) - SELL

• ST/LT Trends: Down/N/a
• Dodged a bullet on last candle as did not close below key support, but still looks under massive pressure until breaks back above 0._10437-0._11200
• Bear case most likely with a close below 0.__5302 to trigger move to 0.__4202 
• Bias is avoid/sell as prefer to stay out of the memecoins

Solana vs $US (SOLUSD) - BUY/BTD

• *Best technicals of Top 20 crypto's*
• ST/LT Trends: Up/Up
• Remains supported on dips with solid candles (particularly last candle relative to other Top 20's) and price action remains higher peaks and troughs
• Resistance at 44.91, then 53.33 and 61.44
• Support at 33.42, then 25.31
• Bias - it's the only one with a buy/buy the dips rating…says it all