It's looking like a good day for ALTs and Ethereum is leading the charge. Major bullish divergences are popping up on the hourly chart and it's shaping up to be a green day. Trade responsibly, but I think we can get away with some solid longs here.
I exited my long from 9K~ at roughly 9.12K. I had an opportunity to exit higher, but there seemed to be a chance of further upside if we broke 9.2K. Unfortunately, we were rejected at resistance and now we are ranging a bit lower. I'm looking for a clean break of 9200 to reenter my longs. This is a strong point of resistance on low time-frames. If we get a clean...
Ethereum Classic is currently in a run up almost 13% on the day. I believe as long as BTC behaves we could see an even stronger pump in the short term. I would be cautious of entry right now. As I stated, stability of the pump is really dependent on BTC holding or breaking its current range. However, if managing risk properly, this could be a very profitable long....
As stated in my previous post, I'm new to TA and still learning the ropes so bear with me. Any constructive criticism of my TA is appreciated. It seems to me that ETH/USD is following nicely along in a bullish channel on the hourly time-frame. Higher lows are a consistent trend in the channel with a few rejected breakouts to the upside fell back in line within the...
I'm new to TA and still learning the ropes so bear with me, but to me it seems that if BTC holds this range we may be looking at another breakout (up or down) around midday tomorrow. Could happen sooner. Any constructive criticism of my TA is appreciated.