While BTC does another ranging price action, the ALTs are coming into play.
BAL has a nice trend formation on the 8 hrly and now is at a strong resistance.
I have 2 scenarios where the resistance is broken decisively or its consolidated underneath this resistance layer.
Either way, looking at the MACRO structure, the following can be observed:
a) breakout confirmed ;
b) Daily and 2Day indicators look like turning ;
c) The 8 hrly upward trend intact;
d) Macro found support at the 0.5 fib level;
e) Phoenix indicator in the territory;
+ many more
DAILY CHART: Note the 10 and 20 acting as support and the 50 currently resistance.
3 candle setup on the daily.
All the best,