Showing consolidation, uptrend and now downtrend
If range does not break down then 800 in sight
daily clean close below .00000163 open the doors to .00000134
Price is holding above 50ema Daily Need a daily close above .0075 will be a go long time with confirmation .009 and .01 could be profit takings if maintain it could easily wick up to the targets
I see this pans out if btc remains ranging or goes bullish Most of the alts at bottom and painting a similar kinda structure Few alts already tests their previous resistance by gaining 50%-150% from sept Lets see where this goes
If drops then arc has support at .00029 and .00021 Just a tech analysis not any kind of financial advice
Price approaching towards 50 MA and breaking out from small pennant inside the bigger one. If price closes above .00000938 that is the previous high as well as major trend line(red) resistance point, then trend could reverse upwards For now MACD and RSI both support upward momentum. Watch for the bull volume for more confirmation. if we drop below the previous...