It could be a new beginnings in the next few days and weeks for many Alts that DON'T ride the coat tails on the strength of BTC. Take ENJUSD and ZILBTC example on the weekly.
Whales have already moved in for the Krill. We can see in the past where price had trouble breaking before it went ballistic, now we see price approaching into the same area on strength well above to RSI 50 level. It has attempted to break the 0.68 price marker once before but failed.
If we can get clear of this resistance we have entered the buy zone and hopefully we can get on the express bus for the ride of our lives..... Destination moon.
Whales have already moved in for the Krill. We can see in the past where price had trouble breaking before it went ballistic, now we see price approaching into the same area on strength well above to RSI 50 level. It has attempted to break the 0.68 price marker once before but failed.
If we can get clear of this resistance we have entered the buy zone and hopefully we can get on the express bus for the ride of our lives..... Destination moon.
Comment:
If you open the weekly Chart of ENJ and draw a trend line across the top from Mon 8th Aug 22 you will see that she be breaking the trend line where it is at current, with a higher low. TIP ... CRV is inline and doing the same with massive head room, Michael Patryn has been very active with CRV.