Greetings, thank you for your time.
This is a 2 Week Chart and the candle is still forming.
It's a blessing we see these observations.
The Altcoins( excluding the top 10) is currently residing above the 50 EMA(in blue), if we look back on the chart the 50 EMA acted as a key level in the past.
The price is also currently above 200 EMA (in orange)which means it is technically in and up trend.
The price is also currently residing in the golden zone of the Fibonacci level.
There is a possibility that price may form an upward parallel channel.
Please be mindful and wait for candle completion. Watch how the candle reacts to the Moving Averages and be careful of consolidation and if possible look for other confluences before you make a move and please double check and be careful.
This is a 2 Week Chart and the candle is still forming.
It's a blessing we see these observations.
The Altcoins( excluding the top 10) is currently residing above the 50 EMA(in blue), if we look back on the chart the 50 EMA acted as a key level in the past.
The price is also currently above 200 EMA (in orange)which means it is technically in and up trend.
The price is also currently residing in the golden zone of the Fibonacci level.
There is a possibility that price may form an upward parallel channel.
Please be mindful and wait for candle completion. Watch how the candle reacts to the Moving Averages and be careful of consolidation and if possible look for other confluences before you make a move and please double check and be careful.
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.
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.