Trendline resistance is around $11,200 or so on log scale (CME gap is $11,100 giver or take I believe). But the battle here at $10,500 is real. Strong resistance but still rising support.
Strong rally so far, will it end in the usual crypto manner? A parabolic spike and then strong downtrend?
I'd like to see a big spike (grand finale) and then retrace to $8000-$9000 (50% - 78.6% fib retracement) and have that take us to the end of this mega, 3+ year long pennant before we start another (very big) bull rally.
About to golden cross on the 50/200 day MA.
I'm still in 100%, the trend is up. In good territory with XLM, waiting on ETC and DASH to break out.
Cautiously optimistic.....
Strong rally so far, will it end in the usual crypto manner? A parabolic spike and then strong downtrend?
I'd like to see a big spike (grand finale) and then retrace to $8000-$9000 (50% - 78.6% fib retracement) and have that take us to the end of this mega, 3+ year long pennant before we start another (very big) bull rally.
About to golden cross on the 50/200 day MA.
I'm still in 100%, the trend is up. In good territory with XLM, waiting on ETC and DASH to break out.
Cautiously optimistic.....
Trade closed manually:
The answer is no.