A relief rally for ALTS is incoming!
Обновлено
I believe there is a relief rally (at least) for ALTS incoming against BTC.
Reasons:
1. Potential bearish Swing Failure Pattern on Weekly chart (wait till candle closure below 72.35 today before entering!).
2. Bearish RSI divergence on Daily chart and a little one visible on the Weekly.
3. RSI is extremely oversold on the Weekly. We have never been so high and sooner or later there should be a bounce for ALTs. I think the time has come!
Major price points:
I do not provide personal investment advice and I am not a qualified licensed investment advisor. Please use due diligence with your investments.
Reasons:
1. Potential bearish Swing Failure Pattern on Weekly chart (wait till candle closure below 72.35 today before entering!).
2. Bearish RSI divergence on Daily chart and a little one visible on the Weekly.
3. RSI is extremely oversold on the Weekly. We have never been so high and sooner or later there should be a bounce for ALTs. I think the time has come!
Major price points:
- 72.35 - Major resistance on Weekly
- 67.16 - First major support. We might bounce there and might bleed a bit more in altcoin market while bitcoin is rallying towards 20k USD.
- 54.75 - Second major support. If 67.16 fails as support we are going to have at least a few green weeks in altcoins.
I do not provide personal investment advice and I am not a qualified licensed investment advisor. Please use due diligence with your investments.
Заметка
Not 72.35 but 72.54 as major resistance. Apologies for typing mistake.
Отказ от ответственности
Все виды контента, которые вы можете увидеть на TradingView, не являются финансовыми, инвестиционными, торговыми или любыми другими рекомендациями. Мы не предоставляем советы по покупке и продаже активов. Подробнее — в Условиях использования TradingView.