As BTCUSD continues to pull the strings of the altcoin market from the shadows we're taking a look at some contenders for great gains when Bitcoin decides to take a hibernation break. VeChain looking almost completely oversold and we can see 20EMA holding us down. This is going to be a great rebound come next week. Keep an eye out for support at 1.618 (33.4k sats)...
Things are looking fantastic for this weekend's short bull run! Here are some great looking indicators for your consideration. 100EMA (yellow) crossed over 50EMA (cyan) and we have fantastic support from 20EMA (green line). Combining resistance arc and resistance fan we see a fantastic overlay into recent price movement. Fan holding a supporting channel at 0.75...
As we can see here we didn’t break out above on the 1D and 4H yesterday as we made it up towards 11.7 and hit major resistance. Followed by a huge sharp decline below 11k. Lets watch how this candle hits support at 10.4k. If it holds we’re in for a bumpy ride, if it doesn’t, lets enjoy the descent!
Look at this giant and beautiful descending triangle on the 1 day candle chart. Any purchases under 700 are great and look for the break out sometime between weeks 1-2 in march. Keep an eye on the long POSSIBLE support from early December where we may have a quick breakout upwards!
CND has a platform and rapidly growing community. Perhaps we're making our way down the end of a descending triangle???