Well hello, resistance again.
I was really hoping this trendline on the weekly chart will hold as support.
But everything is not lost yet.
We can still break it to the upside, making last week's price action a false breakout and confirm it as support a week or two later.
Also, quite a few altcoins have a bullish setup that can indicate this might just happen.
The bad news is... this is the first day of the week :D
What do you guys think?
Will we break it again and confirm it as support in later weeks?
Or will we see a rejection and a waterfall afterward?
(not trading advice, I'm not your financial advisor, do your own due diligence)
I was really hoping this trendline on the weekly chart will hold as support.
But everything is not lost yet.
We can still break it to the upside, making last week's price action a false breakout and confirm it as support a week or two later.
Also, quite a few altcoins have a bullish setup that can indicate this might just happen.
The bad news is... this is the first day of the week :D
What do you guys think?
Will we break it again and confirm it as support in later weeks?
Or will we see a rejection and a waterfall afterward?
(not trading advice, I'm not your financial advisor, do your own due diligence)
