Volume is sloughing off and the RSI is curling upwards but the downward pressure on BTC doesn't seem to be letting up and that will weigh on the other cryptos.
There is a longer running descending triangle on the daily, so a short target could be placed between $150 and $155, but the ATR suggests a target near $170 is more conservative.
There is a longer running descending triangle on the daily, so a short target could be placed between $150 and $155, but the ATR suggests a target near $170 is more conservative.
Trade closed: target reached:
Well, that worked wonderfully.