Candle close of this 4hour needs to be above 252 atleast to keep momentum, preferably 260.
BTC does not seem to impact Alts much at the moment but keep a lookout as we might 'break the ice' and leave the uptrend, we need to see sideways actions
This seems obvious to me that the 6k area will get an retest, i am in BTC and have sells ready for a rejection direct at 6k and some for a small false break. We will fall back to around 4,6K and start an ascending triangle. Alts will probably rise only after start of June.
Let me start of with saying chances are very small and likely unrealistic in current market conditions.
I see a small possibility for a parabolic run if this channel is not broken. (else we have the current channel as well) It reminds me of $ZIL a couple of months back in midst of the bear. TRX is a crazy coin.
Be careful that this is a high risk trade, BTC down =...
$ADA short term trend seems bullish. Correction in falling wedge ATM at its end at support line, ready for 3rd wave. Also could break support here.
So leave the SL on at all times if allready bought in, also because of BTC, if BTC falls ADA will break support.
Entry: On break up
ETC has had a short pump in anticipation of the Coinbase listing. Now with the 'bleu app' - for main stream retail investors, its likely a second pump will follow but first what seems likely is a small correction upwards when we break out of this downtrend. Also bounching of the longer trendline and staying in the greater pennant that is getting close to being...