YFI breaking out and retesting resistance. Lets see if we get a 4HR close above resistance to flip as support. If it holds short to mid term target is +- $23,500
Looks like the Bitcoin dominance chart has tested resistance as support (4HR). This could lead to BTC making bigger % gains against ALTS
$SXP LONG TARGET $5.75 lets see if this can just stop dumping
Ethereum is fighting to stary above the channel resistance and is now forming a tight and steep downward sloping triangle. If Ethereum stays in this pattern then I expect ETH to test $400 or even as low as $293.
My thoughts are that we follow one of the legs of the X shape. At this moment I feel we get rejected by the green line and follow the redline down.
I am always looking for a decent channel to make a break out trade from. It looks as if Ethereum is in a channel atm and will either shoot for 500 or have a slow grind down back to a lower $300 region. It may get rejected here at the top of the channel and head back down to support line 1. I am hoping for some big volume to come in today or tomorrow to push us...