While the bullish engulfing candle suggests Bullish intention price has reached the supply line and been rejected. If Price can close above or switch it to support very bullish. Price is likely to range for the rest of the year as big players box it out. Use caution when taking trades.
XRP is sitting at major support. Downside Risk is limited. Following the supply line in red, xrp has several multiples for a potential run. Look for near $1 as major resistance
Eth at Neckline support. Confluence of a full Fibonacci retracement. Supply line in Red.
Bulls need to show up! Otherwise test of the range low likely.
BTC Stuck in a Range. The highs and lows are being defended Meaning range is likely to continue. Lines of Force from previous range remain relevant. Wouldn't be looking for swing trades at this time.
Bitcoin has perhaps found support at the top of the previous range. Buyers need to step in around this cluster support or there is likely more downside for bitcoin. A Bull reversal will like have a wick bellow cluster support so be cautious when playing this level.
Liquidity Pools have been Tapped and bears are likely Trapped. While there is a probability attached to more downside. The Technicals Combined with Fundamentals Suggest Upside!
Local Ranges are Tightening as uncertainty reaches all time high. A Potential Bull Case Scenario
Bitcoin sits close to the neckline. Will the neckline Flip support or will price drop through?
Proxy for alt-coin market remains bullish
BTC is Ranging and currently at neckline resistance. If Bitcoin breaks out of the range expect a test of the 9000 area. If Bitcoin Breaks down we will most likely see 6k as strong support and the bottom of a new bitcoin bull cycle.
A potential bottom in Bitcoin? Bears Trapped on bullish momentum? Or just a relief rally?
DOGE LOOKING BULLISH. Proxy for Altcoin Market looks bottomed and on the move.
Litecoin Rejected at major USD resistance. Bulls NEED to Step up soon for sustained rally
ICX at neckline resistance. Solid Fundamentals could lead to further upside
Bitcoin volatility at all time low paired with bullish sentiment on Alts. Inside channel along with dominant lines of force providing trading opportunities. Momentum remains with bulls this price action is likely consolidation followed by continuation.
Eth at short term resistance paired with bullish sentiment for ALTS. Though price may stall Momentum is Strong and rally is likely to continue keep an eye on ETH denominated pairs.