After two strong volume retests and shake out, BTC is still holding above 44k. It needs to consolidate before another move. Be patient and respect the market.
Apart from the narrative like TVL and enormous funding, lots of accumulation recently. The volume is squeezing out crazily as shown in the indicators.
Outperforming BTC and strong volume with several indicators turns greens. Manage your trade with the key levels.
Overall, ETH pullback and after forming a cup shape and now consolidating, forming a handle. With the board market bullish as well as alt coin going up. I think its very possible to breakout and more capital will rotate to alt coins.
Momentum is sqzing out and high probably to stand above 100
Bullish biased. Pullback to 34.5 level and break out again after some consolidation.
On price action, it rebounded from 44k support, then broke and retested the downtrend resistance. On volume, the RSI is currently above 50 with higher high and lower low. 50k-51k is very possible imho.
The stock is forming the right side of a 10-week cup base, with pivot at HKD 24.55.
1. Narrative Investing - Stories that people are looking at - What they invest in based on these stories 2. Team Behind the Coins - Community first - Proven track record for execution - Long-term vision (no quick money / speculating) 3. Technical Analysis - Any strong momentum sell-off? What drives it? - Long-term bullish - Access the strength of support...
Long consolidation seems to be breaking out and in an uptrend.
RSI higher high, lower low. Buy the news and momentum after the pullback.