Watching for a rejection here- Consider re-entry at .032
I'd like to see us dip back towards the 0.32USD mark to retest the break price before a push further forward. Most alts are largely running off BTC's resurgence so keep in mind a lot of retail investors remain in the negative and that is skewing the charts to make things appear stronger than they are.
Consider positions and profit taking with that in mind.
BTC is moving into an area of minimal resistance between 24K and 29K if it doesn't dip prior to moving into these ranges I will be surprised.
As always, Just my thoughts and TA Feedback Welcomed. Stay Safe, Good Hunting! Bingaz.
if it breaks .39 it'll go to. 45 - .50 by the end of week... if stock market Co operates
Bingaz
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@chrisbender6620 I think it needs to break .42 for the momentum to carry it the .5 and I don't think it will on this rally but the market is doing weird things during this recovery. I expect we will have our answer over the next 48hrs.
skeenes
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Interesting take, obviously I hope its doesn't dip but if it does, 0.32 might be worth another $5 worth :)
Bingaz
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@skeenes, Seems to be following the expected retrace. Waiting now to see where the support kicks in. Still expecting this chart to be valid.