BTC has been rejected by the long term resistance trend line again and an increase in volume will be required if it is to crack it.
BTC looking to test the descending trend line which coincides with a clear breakout of my $35k level, Looking to crack this and move on to test 200MA
BTC confimed cup and handle on 30min timeframe, supper bullish BTC right now.
This break of $35k is enough confirmation for me to suggest we are continuing in uptrend.
Here I have outlines the two possible scenarios as BTC battles with $34k resistance.
TEL has bounced off the 100 day MA and held above the critical support level. These are great signs. A BTC spring will help a rise to test 50 day MA and resistance trend line.
ETC find itself at a critical level of previous strong reistance turned key support and with the current candle dropping below will need BTC to bottom and spring to close this candle above and test the 100 day MA. A break above these two levels would mean a great trade entry.
As per chart BTC approaching the previous key support levels of $31,100 and $30,000. Expecting large volume and buy orders to be filled around these levels and a long position if this occurs could be a great entry.
As suggested $TFUEL was to bounce of tren line support which it has done very strongly, looking for a test of top trend line resistance which a break would see it onto new ATH.
OMG super clear chart, long term resistance turn support has again found support here. One thing I am watching is it was finding support above the 200 day MA however dropped below but now finding support at the long term support level, I would be looking for a bounce off here to move above the 200 day MA and would be super bullish.
$BTC bounce off previous support level of $33,300 and now back into wedge formation right at the pointy end, hopefully see a breakout to the upside.
RLC heading back up to test resistance, see $3.8 then $4.2 major resistance needing to be clerared before can make serious moves.
TFUEL is completely decoupled from BTC and lkooks very solid. See it making its weight up to new ATH over the next week in lead up to MAINNET 3.0.
TFUEL has broken resistance and looking to set sights on new ATH
THETA has broken neckline of inverse head and shoulders and expecting a nice pump from these levels.
CHZ testing neckline of cup and handle. Breakout expected.
Dot breaking out of falling wedge formation, very bullish here and great entry for a trade here.
RUNE (Thorchain) has broken key resistance and breakout is iminent.