Potential 10% drop to 100 Day MA
Updated
Lower highs forming a trend line that has been bounced off quite severely, also backed up by a bounce off the 30MA. Could see a drop to 100MA which may give support as it has in the past.
Definitely overdue for a pullback
Definitely overdue for a pullback
Note
We've had a nice steady pull back away from the trendline, whilst i feel the movement is still active, i would trade ALTS carefully going into the halvening, as volume may be pouring into BTC. First resistance at 66-69% , higher resistance between 70-73%, with enough strength we could see a test back at 80% with explosive volume coming in. Time will tell.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.