This had caught my interest.
Price is currently on important support. From here the the bullish trend should continue, so what we want to see is a bounce from this level.
-bullish divergence on the RSI on 1D timeframe.
- MA200 support
- Weekly S/R
- Weekly demand zone
But.... If we break this level to the downside and close the price below on high timeframe, we will retrace a lot further.
It is also very important to keep an eye on the BTC dominance chart to estimate whether Alts will continue to retrace.
Price is currently on important support. From here the the bullish trend should continue, so what we want to see is a bounce from this level.
-bullish divergence on the RSI on 1D timeframe.
- MA200 support
- Weekly S/R
- Weekly demand zone
But.... If we break this level to the downside and close the price below on high timeframe, we will retrace a lot further.
It is also very important to keep an eye on the BTC dominance chart to estimate whether Alts will continue to retrace.