We're at the 20wk MA, watching to see if we can break through. Once we can get over 50 on the RSI we should go up from here.
At a clear decision point now. A major pump is needed to leave the down trend, or else a longer term decline. Might be that we need to retest MA50 (Weekly) at around 30k before we can refuel again for another bull-trend. Once RSI resets on the weekly (35 or lower), then that would also signal a reversal.
Both RSI and PA are at the bottom of their channels. Looks like a nice setup.
Using the Super Guppy here - looks like a nice entry for a long.
Once the Alt-season kicks in proper, can see this claiming May 2021 high as first target, which is a 3x vs BTC. Formed a higher low from the bottom, and Stoch Rsi (weekly) is at a good entry point.
We seem to be in an expanding megaphone structure, so the lower bound target is 35k give or take. Bullish momentum is in place, so a run up to $50k is probable. Max pain here would be a flush back down to the mid 30s.
From a timing viewpoint, and also from the ascending wedge it seems like a return to the 20wk MA is likely by the end of the month.
On the 2 day chart, we see bearish divergence with the RSI, but the RSI has an Adam & Eve reversal pattern showing. Tread carefully!
Waiting patiently. We've just lost the strong support at 710, which was set up on the way up. Unless we can get over this level, it looks like we'll form a final low at 450 - 460. RSI on 3 day shows where the ideal entry point is. Loading up on ALTS here!
Waiting patiently. We've just lost the strong support at 710, which was set up on the way up. Unless we can get over this level, it looks like we'll form a final low at 450 - 460. RSI on 3 day shows where the ideal entry point is. Loading up on ALTS here!
Long term channel shows we are dead in the middle, so depending on BTC's fate we could see a new trend form to either the top or bottom of the channel.
Link has upside potential of 10x from here, if this channel plays out. Keeping my eye on this! Last time RSI was this low on the 3-day, it had a huge rally.
As title. If this plays out, then the target is around $3k.
Based on historic patterns, $LINK may need a second retest of support before launching up again.
Just waiting for this to reverse!
As we've hit a long-term resistance in BTC dominance, as well as a well-extended price, the narrative for an ALT-season seems strong, once BTC settles into a holding pattern. Once BTC dominance has retraced to the 100-day MA in early summer, it would likely restart BTC's bull run again.
Assuming BTC holds the 20wk ma, a golden-cross on the weekly is likely to happen. The upside of the trend is $1000 ETH!
Looks like the Right Hand shoulder is developing. Needs confirmation by continuing lower from here.