Crypto market seems to be in a downtrend in general. Here are few areas that would be interesting for me to buy if ETH keeps getting lower lows.
I would like to see some good volume in those areas to actually buy.
The overall move in BTC has been down for over a month, in the most recent move up there is an inkling of support that is forming. The two channels map out our support along with the bottom yellow trend line, the resistance closest to us now is the upper yellow line.
Look for the break of the upper support line to bolster our current support
Look for the...
shorted in this area, first PT would be 5920, with eyeing on 5.5 - 5.2 if that breaks, going to stop out at 6377
weak bounce volume + lower lows, seems doomish to me, if we reach 5920 i'm going to put my stop to breakeven.
Unfortunately I forgot to publish this yesterday, but here are some areas that I am looking at now, I would like to see some nice volume in those green boxes to get in some longs. Remember on overall we are still in a downtrend, so when taking longs we should be careful.
Green boxes are buying areas that I would be paying attention to, while red ones are where I would be looking for short if volume and price action matches my thinking. Am not really confident that we will reach lowest green box, but it's something that I always like to keep in my mind, so I wouldn't get into big positions. We in general are still in a downtrend...
XMR made a nice bounce even when rest of the market was pretty weak, right now we are at resistance lvl, if we don't brake that short would be nice here, added some areas where I expect bouncing off, as well as were I would like to buy some longer term.