After a sharp burst, price has been accumulating for a few days, as it had before the last impulse.
It settled above good support and began accumulating building strength over time, as other ALTs grew.
As more money is made in NFTs and in the overall market, more money will hit ALT coins and we will likely see big moves all around like with IOTX, UTK and AXS for example.
A break of the TLs here would mean an equal amount of strength in either direction. I have a bullish bias. However, I will not be adding any positions unless we have a clean break and/or retest.
Previous analyses linked. If you'd like to see more informal insight to my trading, check out my twitter linked to my account, as I only post longer term trades on TV.
It settled above good support and began accumulating building strength over time, as other ALTs grew.
As more money is made in NFTs and in the overall market, more money will hit ALT coins and we will likely see big moves all around like with IOTX, UTK and AXS for example.
A break of the TLs here would mean an equal amount of strength in either direction. I have a bullish bias. However, I will not be adding any positions unless we have a clean break and/or retest.
Previous analyses linked. If you'd like to see more informal insight to my trading, check out my twitter linked to my account, as I only post longer term trades on TV.
Note
Note
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.