Making new lows is possible for ETHUSDETHUSD has had a RS flip on 1068 level. What was working as support now seems to be working as resistance.
On top of that we see RSI testing its moving average, MACD about to have a bearish retest on its reset axis (on 0) and ETHUSD average price increasing while volatility and volume are dropping.
Should the triangle (white line) breaks bulls must defend the 1012 level, otherwise, we could see new lows for ETHUSD very soon.
Take into account that we're still in the Weekend and tomorrow is 4th of July, thus, there's little liquidity in the market and price can move violently (both ways) without much money.
Manage your risk!
Rsflip
COTI Analysis (LONG)Feeling super bullish on COTI atm, coming out of a red sunday having support on R/S flipped resistance and looking to breakout the triangle with Fibonacci at the 0.382 mark.
I've been watching COTI for quite some time now and its always been hovering close to the R/S line and only broke out after the COTI listing news on Coinbase. This retracement will not go down to the 0.236 range so with everything being pretty much aligned I'm excited for this trade.
Do you feel otherwise? Do you feel the same? Let me know what you think!
Thanks for reading :)
Chart: /VuU69qUP
(I cant post links sorry haha)
DOT On Them Bearish or Bullish Vibes...?y Fellow Crypto Traders,
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Note: This is not financial advice, nor am I a financial advisor. Therefore, my analysis should be taken with a grain of salt.
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ANALYSIS:
DOT 9EMA is flirting w/ hitting the downside, which means DOT may test VWAP for price validation. If there is no VWAP bounce, continuation to the downside for lower support footing @ $5.00 region. $5.27 has also been a key area of resistance for DOT, so if support is not confirmed selling pressure could hit, which would fit the narrative of a $5.00 support region re-test. Also, keep in mind if BTC gets ballzy and breaks ATH , we could see a minor dip in Alts till BTC cools off.