BTC has recently gone back into its short term uptrend channel which will soon meet the 3 month down trend resistance. This looks to be quite bullish seeing it break through the resistance of the up trend channel and we will wait to see what happens in the coming hours / days.
Looks like we could see further downside in BTC on the 15min chart. Potentially a 1-2% drop (or upside) depending on strength of volume coming in here.
Do I think the bottom is in? No
Do I want to be wrong? Yes!
Lets see how far these pumps can take us, hopefully ETH can break through resistance and flip bullish
Just some price target speculation of what I believe ETH will rally to. Roughly around that area if it does breakout and continue the similar trend we've seen previously.
This is Cardano's chart to BTC.
- Great macro support line about to be hit which has served as support /resistance on multiple occasions.
- RSI is majorly oversold leading me to believe this is incredibly bullish
- Ties into the ADA/ETH chart where we are about to hit support which makes me more bullish on ADA
