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The Daily Candle - by Crypto Banter · Aug 21, 2026

🚨5 Trade ideas as Bitcoin Reclaims 200-Day SMA

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The Daily Candle - by Crypto Banter · The Daily Candle - by Crypto Banter

None of this is financial advice. Do your own research. By reading this newsletter, you acknowledge and accept the terms and conditions outlined in our disclaimer.

Hey Traders,

Bitcoin has surged past $75,000 and reclaimed its 200-day SMA for the first time since November 2025, breaking out with volume while recovering its long-term trendline. Spot Bitcoin ETFs just posted $606 million in inflows on August 20,the strongest single day in four months. On-chain demand has flipped positive in both spot and perpetual futures for the first time since the October 2025, high-conviction buyers continue accumulating at a larger supply share than the 2022 cycle, and taker buy volume sits in a historical exhaustion zone.

Treasury Secretary Bessent’s move to at least double longer-dated bond buybacks to $4 billion is injecting a liquidity tailwind that echoes the March 2023 regime shift, while a softer DXY and heavy short liquidations have amplified the advance. The next real test is the ETF cost-basis zone; if it holds, this looks less like a bounce and more like the exit from bear-market conditions. Here’s what our desk is watching.

Today’s Charts:

  • Chart #1 – Filecoin(FILUSDT) 1-Day

  • Chart #2 – Avalanche(AVAXUSDT) 1-Day

  • Chart #3 – Uniswap (UNIUSDT) 8-Hour

  • Chart #4 – Pippin (PIPPINUSDT) 8-Hour

  • Chart #5 – Sandisk(SNDK) 8-Hour

Chartist: Kapoor

(For the chart screenshot, click here)

Filecoin has confirmed a strong breakout above its multi-month descending resistance trendline after a liquidity sweep down to $0.6095, surging upward to trade around $0.7794 on the daily timeframe. Serving as the primary decentralized data storage network and cloud computing marketplace powered by the Filecoin Virtual Machine (FVM) and proof-of-spacetime consensus, this long trade setup targets an upward continuation toward the $0.9732 resistance target as long as the $0.6015–$0.6944 support base holds

Trade Levels:

  • Entry: $0.6944

  • Stop Loss: $0.6015

  • Take Profit Levels (TP):

    • TP1: $0.7922

    • TP2: $0.9731

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Chartist: Kapoor

(For the chart screenshot, click here)

Avalanche has executed a strong breakout above its multi-month accumulation range neckline near $6.800–$7.000 following a liquidity base established at $5.776, pushing higher to trade around $7.460 on the daily timeframe. Operating as a high-throughput Layer-1 smart contract platform powered by custom Avalanche Subnets, fast finality, and enterprise-grade decentralized finance applications, this long trade setup targets a continuation rally toward the $8.700–$9.250 resistance levels as long as the breakout base above $7.000 remains supported.
Trade Levels:

  • Entry: $8.7

  • Stop Loss: $9.2

  • Take Profit Levels (TP):

    • TP1: $8.1

    • TP2: $7.3

Chartist: Kapoor

(For the chart screenshot, click here)

Uniswap has tapped into its key overhead horizontal resistance zone around $4.0000–$4.2000 following a sharp relief rally off the $3.0662 low, printing an upper wick rejection to trade near $3.9117 on the 8-hour timeframe. Serving as the industry-leading decentralized automated market maker (AMM) protocol driving permissionless liquidity and trading across Ethereum and multi-chain Layer-2 ecosystems, this short trade setup targets a downward reversal back toward the $3.6000 support level as long as overhead resistance holds below $4.0000–$4.2000.

Trade Levels:

  • Entry: $4.1907

  • Stop Loss: $4.0163

  • Take Profit Levels (TP):

    • TP1: $3.7826

    • TP2: $3.5600

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Chartist: Kapoor

(For the chart screenshot, click here)

Pippin has accelerated into a strong bullish continuation following its base breakout, establishing consistent higher highs to trade around $0.01997 on the 8-hour timeframe. Functioning as an AI-driven meme ecosystem and autonomous agent community token, this long trade setup targets a further upward push toward the $0.02221 resistance level as long as the $0.01713–$0.01837 support base holds.

Trade Levels:

  • Entry: $0.01837

  • Stop Loss: $0.01713

  • Take Profit Levels (TP):

    • TP1: $0.01999

    • TP2: $0.02221

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Chartist: Kapoor

(For the chart screenshot, click here)

(SNDK refers to the stock of Sandisk and not a cryptocurrency.)

SNDK has confirmed a sharp breakout above its primary descending resistance trendline following an aggressive recovery off the August lows, consolidating near $1,601.77–$1,616.98 on the 8-hour chart. Driven by expanding global demand for high-capacity flash memory, solid-state storage architecture, and data center enterprise infrastructure, this long trade setup targets a continuation expansion toward the $2,221.99 resistance level as long as the $1,152.50–$1,416.40 support base holds.

Trade Levels:

  • Entry: $1416

  • Stop Loss: $1154

  • Take Profit Levels (TP):

    • TP1: $1800

    • TP2: $2220

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Banter’s Take

As our analysis confirms, the confluence of institutional ETF inflows, on-chain accumulation, and renewed liquidity tailwinds suggests we are witnessing a definitive shift from bear-market defense to bull-market offense. Our research indicates that the current breakout above key moving averages is not merely a relief rally, but a structural re-rating driven by high-conviction buyers who are absorbing supply.

We will continue to monitor the ETF cost-basis zone closely, as holding this level validates the thesis that the market has officially exited its downturn. Our approach remains focused on identifying these macro regime shifts early, allowing our trades to align with the broader liquidity flow rather than fighting the prevailing trend.

Stay tuned to our newsletter for the next wave of high-probability setups as we navigate this new liquidity environment together. Thank you for trusting our research and analysis to guide your strategy in these dynamic markets.

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Read the original on dailycandle.substack.com

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