LINK price action is acting strong, confirmation by a retest of earlier significant level. If bitcoin capitulation doesn't occur, we should be heading upwards.
Upon several tries since the drop to $13, DOT has not been able to close an hourly candle above 24.5. Move looks solid and with the higher lows support trend line being followed all along, the resistance looks likely to capitulate to strong momentum
We've tested and bounced off of the support line once again! Onwards & upwards!
Based on our previous scrutiny of the converging trend lines BTC was trading in, it seemed as if bearish trend was going to resume on a breach. However, upon a more extensive research and analysis, I've updated the support trend line to reflect the new price bounce.
Since we went to $13, the higher lows support trend line has been a great time to add DOT to the portfolio. It's an upwards trending support line and if you're looking to add more this would be a great indicator to keep in sight for any additions.
Unless either of these trend lines is breached with a test as support or resistance, direction unclear. Would suggest sitting out until then
Yet another backtest of support bounce against the upper trend line that previously acted as resistance, confirming our earlier call. I expect BTC to continue uptrend here and make a new local high.
As we mentioned earlier, the upper of the two trend lines has been backtested as support. We should be getting an uptrend from here on
I expect a move up to 40-42k with this breach.
Any upward momentum bet should wait until the trend line is breached.
Any price approaching/near this short term support line should be a good entry for long term bullish rally
Looking to ride DOT long as the channel support it just tested has proven to be a great long with limited to no risk. Recommend stop loss of lower bound of the channel
Earlier this week we tested the long time support of 46-47k band and got a nice bounce. Selling pressure has been mounting for quite a while now, and so we retested those levels not once, but twice yesterday. Looks like the last retest did give us a fuel to try and break the earlier resistance of the 51-52k band.
A move upwards to the range of 37-40 should give fuel to retest the upper bound of the converging channel and potentially breakthrough to new ATH. We’re recommending buying and holding any dip on spot, not margin (as margin leveraged positions can suffer quite a bit with DOT making a move to the lower bound of the channel)
CRWD looks attractive having consolidated at 195-210 for quite a bit since a fibonacci retracement. Earnings and a raised guidance would push it higher, aiming for a retest of ATH