When trading alts we all know the one and only goal is to outperform its pair. Here we see METAL with solid support, bouncing the lows higher and higher up. Even with significant sell pressure keeping prices down, we can hope that the consolidation of the two resistances will provide a breakthrough for the bulls.
If we see the breakout push METAL back to .382 or .618 we can expect to outperform BTC in the short term - assuming its unlikely that BTC will rise 100% or 200% in the coming months (and if BTC were to rise that dramatically - I think we all will be MUCH happier anyways).
MACD is getting stronger - looks to break above 0 and maintain it
Not advice - DYOR - Donovan Mitchell should be the NBA ROY
*Delgado*
If we see the breakout push METAL back to .382 or .618 we can expect to outperform BTC in the short term - assuming its unlikely that BTC will rise 100% or 200% in the coming months (and if BTC were to rise that dramatically - I think we all will be MUCH happier anyways).
MACD is getting stronger - looks to break above 0 and maintain it
Not advice - DYOR - Donovan Mitchell should be the NBA ROY
*Delgado*
Comment:
Keep on chugging! A run up to .382 brings in roughly 75%
Keep on chugging! A run up to .382 brings in roughly 75%
Went one leg up. RSI is rising with price. Lets see a push back to .382 or .618!