With the king BTC touching new ATH every day and testing the patience of ALT hodlers.
Uncertainty is growing whether to HODL the ALTS or just cut the losses.
Now Cloak has just tested the major support of 0.00050610 BTC (hoping it will not dip below it) .
The RSI and Stoch are heavily oversold.
Accumulation phase is going on.
With keeping the above factors in mind, hopefully it will bounce back to the previous support turned in into resistance(0.00087000 BTC), which is our target 1.
If it manages that in next few days we may be able to see the Target 2 at fib 23.6% before BTC fork.
ALT market is extremely volatile right now so Tread cautiously.
new to Trading and TA.
Comments Please
Uncertainty is growing whether to HODL the ALTS or just cut the losses.
Now Cloak has just tested the major support of 0.00050610 BTC (hoping it will not dip below it) .
The RSI and Stoch are heavily oversold.
Accumulation phase is going on.
With keeping the above factors in mind, hopefully it will bounce back to the previous support turned in into resistance(0.00087000 BTC), which is our target 1.
If it manages that in next few days we may be able to see the Target 2 at fib 23.6% before BTC fork.
ALT market is extremely volatile right now so Tread cautiously.
new to Trading and TA.
Comments Please
Trade closed: target reached