3876 8
I created an index of the top 10 cryptos market cap combined. Healthy retracement on SEP 2 seems to have found a bottom at support levels. Expect some consolidation in the orange rectangle and a breakout soon after. Blue rectangle is support. Oscillators look good, MACD tightening and RSI bouncing off the oversold lows.
Comment: After I posted this chart, news came out that China is banning ICOs. Check my updated chart for new support levels
Nice and very telling. Seems to be bouncing nicely off that 38% for now
adoukas gagevalentino
@gagevalentino, yup hopefully it holds. Please like my new chart if you found it useful!
+1 Reply
You described smtg what is not on the chart nor indicators...
adoukas AwesomeTrade
adoukas sratra
@sratra, Technical analysis only works in the absence of unknown catalysts! check out my new chart for support levels on the China regulation news.
+1 Reply
albertwt adoukas
@adoukas, Is there any update on this chart ?
good work, very nice to have this chart.
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