Looks like momentum is slowing down based on lower highs on RSI (4 hours) and backtesting previous patterns on the 4h chart.
I'd expect choppy action to continue for while (further relief for ALTS), followed by a sharp 20% selloff as soon as price converges with the 200 EMA.
2 levels I'm looking at are €11500 and €10600.
(Not financial advice. Just some ideas. :)
I'd expect choppy action to continue for while (further relief for ALTS), followed by a sharp 20% selloff as soon as price converges with the 200 EMA.
2 levels I'm looking at are €11500 and €10600.
(Not financial advice. Just some ideas. :)