To keep myself accountable and keep practicing my TA I'll be charting the top 100 crypto's by marketcap over the coming fews days. Any feedback and tips are welcome.
Trend: bullish (HH, HL), but getting harder to make HH with reducing volume
Note:
- Hard to get a read on this chart. Potentially forming a rising wedge that could break down.
- Volume decent, but decreasing
Trade:
- No clear trade that I see.
- Could continue upwards if we break/close above 4H resistance. Would trade the breakout and retest
- 3 decent wicks above resistance tho, buyers could be getting exhausted and we could retrace to 0.618/D1 support level
Trend: bullish (HH, HL), but getting harder to make HH with reducing volume
Note:
- Hard to get a read on this chart. Potentially forming a rising wedge that could break down.
- Volume decent, but decreasing
Trade:
- No clear trade that I see.
- Could continue upwards if we break/close above 4H resistance. Would trade the breakout and retest
- 3 decent wicks above resistance tho, buyers could be getting exhausted and we could retrace to 0.618/D1 support level