[bell]
Good afternoon everyone and welcome to
another ProCharts video with myself. My
name is Jake Sweeney, protrader here at
Verified Investing. And today we're
going to be covering crypto. Got the key
resistance and support levels for
Bitcoin and a few others. We'll be going
down Ethereum, XRP, Solana, and VET
Vchain. Um, let's get right into it.
We're going to be looking for some trend
lines of where we could see this great
large bullish crypto move where it can
meet some resistance for a fade and
identify some near-term support levels.
So, hopefully we continue on higher for
crypto. Let's dive right into it, guys.
Thanks for joining me today on this
Thursday.
All right. so far. So, we're on the
daily time frame for Bitcoin. And yes,
look at this. If you if you haven't seen
this past week and a half of action, we
have shot up on Bitcoin as we have
broken out of this downs sloping trend
line on a fine sharp manner. With that,
we did get a retrace to the scene of the
crime to this trend line and is
continuing on pushing higher.
Now, normally when it comes to a bull
flag already, I'm just seeing that we're
seeing a nice sharp move here, but we're
having kind of upwards consolidation.
So, um I do not see this as a normal bow
flag where we're looking for a kind of
flat top to slightly downs sloping
consolidation. Now, that's not limiting
to this to not run higher. First off,
yesterday, two days ago, excuse me, we
had a new relative near-term high at
81,26530
and has since pulled back under 77. And
now we're we're trying to grind higher
today. So, near-term,
see if we can stay above this $79,500
threshold
and continue on higher. Well, first
we're going to have to get past this
81,265
pivot from
this last uh play.
And
the next key resistance level is this
pivot top here
at $82,814.
So, two resistance levels there. And
then from this pivot low here of April
21st,
price action all through here also the
next level to beat. So 81,265
and these two levels as well proceeding
for Bitcoin also if we take a Fibonacci
retracement. So, I'm going to go from
the all-time high about 126,000
and we're going to take it down to
July's lows of 57,000.
The reason why I I really think this 839
level, 84,000 right here, also lines up
perfectly with the 382 Fibonacci.
So, these this 81 and 82 level, these
are going to be near-term resistance
um and should slow it down. But here, a
lot of sellers should try and hold
Bitcoin and keep it under 84,000.
If it does, if it can get past this
strong level here, we're going to take
away that. But now, we're going to have
this down slipping trend line from these
tops going through this price action.
And if it does get through here, this
could test price
anywhere from 84 to 89,000
on Bitcoin
to the downside as we're trying to find
support as well. Um, we did identify the
79,500 level. See if we can try and stay
afloat here. But if we do have a healthy
pullback, I could see us coming back to
the 75,644
level and ultimately would be the great
test here if we fell all the way down to
about 68,000 if we would bounce off this
trend line. It was resistance after a
breakout and is now should be treated as
support. And now since then we did con
confirm this does act as support as we
saw a bounce here on last Friday. Uh
great to see Bitcoin overall continuing
to push higher. I love that for crypto.
All right, looking at Ethereum next. So
Ethereum coming up to 2500
and even though Bitcoin topped two days
ago, Ethereum made a new 52
Oh, just kidding. Uh, made a new
relative high coming at $2567.
So, good to see here. Uh, this is
January's of 2026's
high before we fell down here.
So, first off, for Ethereum, we're going
to have to get past this low pivot here
that stopped buyers at this level at
$2620.
And then if we can get past this
resistance level here, there's this
downs slipping trend line
here from these pivots.
And should we get past here, the this
trend line here would stop price at
anywhere from 2700
to 27.88
right in that level. Also looking to the
downside if we build some near-term
support to keep Ethereum above $2395.
Watch for this pivot top here from
February 3rd, 2026.
A lot of rejection showing here um as
this was acting as resistance and now
after this sharp move up.
We've now flipped that polarity and has
now acted as support twice here. One
bounce and two a nice even even though
we pierced we recovered well and closed
above. So continue to watch that level
for Ethereum.
XRP as well. What a move that was on
last Saturday. Got all the way up
to
$169.96
before coming back in. But as we see
here this trend line even on the support
downside we got a bounce from this and
then yet again yesterday on Wednesday we
came down to test this trend line. So
this is the trend line to watch for XRP.
So check out this pivot from September
15th 2025 getting these pivot tops right
here and coming down through price
action right here as price bounce up. So
should it come down and test again
around 13465,
price should get a bounce here. And if
it does break or just pierce, look for
this key
top here at $130
square. Um should be a major support
here for XRP.
To the upside, it's also going to have
to take out
uh this
pivot from last Saturday at 169.96
and then also the swing low from that
giant bar right there at 17710
for XRP.
Looking at Salana next, we're
pushing up today for new highs. We got
up to 10964 today. the level to take out
here. Uh we're getting past these pivots
here. So look for a closing basis above
10657 today. Otherwise, this will be
near-term support. But as resistance,
the next level to be is this 112 round
number
as we have not got to test that in quite
some time. If we can get past this 112
level, my next resistance level is
11682.
this low pivot here on a swinger on a
swing basis we have these two trend
lines here. So for resistance wise
we'll go to this one first. So we have
this January 5 January 15th
January 19th pivot high getting through
this price action here on these highs
and coming down through here as price
has now fallen well away.
Should we push up? greatly. And I mean,
you know, I see this happening weeks
out. Uh, this could hap this could test
at about 165
or this large down sloping trend line.
But more curious to see is if this 95
level handles as support and if we come
back down to this um downs sloping
support line where we broke out of for
this to act as support and not
resistance.
Curious to see though. Uh this is the
daily on Solana and we are continuing
pushing higher on the RSI now at 85.
So reading extremely oversold at these
levels.
Um price can stay you know above 70 for
a few weeks but even 80 can hold
resilience for a week or two. So curious
to see if we get any exhaustion soon
down back to these support levels to
test.
Last one we're going to cover for today
guys is VET and Vchain. A new one that I
did not know know existed. So leave me a
comment below if you trade this avidly.
But the the the level here
I mean yeah just these pivots here
at 081250.
This level here will be the level to
beat. And then this swing low here from
this wide range red bar candle at 01
03780
uh to be precise. So you can mark these
on your own chart. Um but those are two
key resistance levels Vchain is going to
have to take out. Then on a longer
basis, we have this pivot high from
February 12, 2025
cutting through price action here on
these tops and then price sold off and
was unable to regain strength to test
this trend line.
So if we do start to move up and get
past this level here, this is starting
to converge right here
and should be a confluence of resistance
at
kind of uh
011 094
to the downside. Look for this pivot low
here at 0071125
to be precise to hold as support. But
also just like Solana even more so
oversold at 87 today. Just today it is
up 13% on Vchain.
So, I do see these support levels coming
in sooner than later based on this
exhaustion.
But, all right, guys. Thank you guys for
joining my video today where we covered
some crypto. Uh, if you guys want to see
how I trade every single day, I'm in the
Apex Live Day Trading Room down here at
Verified Investing where I trade stocks,
ETFs, and uh you can follow us along and
see how I'm trading this summer. So far,
I think it's going just well. I would
love for you guys to join me and as we
continue to uh learn and grind in this
journey of trading. Thanks again for
joining me today guys. Until next time,
have a great day. Take care.