To keep myself accountable and keep practicing my TA I'll be charting the top 100 crypto's by marketcap over the coming fews days. Any feedback and tips are welcome.
Trend: clear uptrend (HH & HLs)
Points of note:
- 0.382 fib level is strongish support for the current move
- Price currently struggling to break 0.236 resistance and turn it into support
- Volume decreasing, might be signs of (bull) exhaustion
Trade ideas:
- expecting bullish continuation here. 0.236 level to broken and held and new ATH/price discovery to follow if volume follows
- If buy volume doesn't come in I could see price correcting most likely 0.618 fib level before moving up further
Trend: clear uptrend (HH & HLs)
Points of note:
- 0.382 fib level is strongish support for the current move
- Price currently struggling to break 0.236 resistance and turn it into support
- Volume decreasing, might be signs of (bull) exhaustion
Trade ideas:
- expecting bullish continuation here. 0.236 level to broken and held and new ATH/price discovery to follow if volume follows
- If buy volume doesn't come in I could see price correcting most likely 0.618 fib level before moving up further