As the total crypto cap approaches a MAJOR resistance line we can see a mix of bullish and bearish signals. Though our momentum indicator looks scarily similar to our previous top/bart, it's worth nothing that it's also painting a divergence. I've personally optimistic and long on quite a few coins at the moment, if we do break up, expect it to be sudden and violent, and whats more I'll be expecting a retest of this resistance line as support once we're above, which should allow anyone wanting to wait for the breakout confirmation to still have a good entry.
Trade safe friends.
Trade safe friends.
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.