Looking for a small scalp short here on KSM. We had a market structure break on the move down today with a clear Bearish OB marked out. Bids are placed for the short at $50.45, with a target of the swing low at $48.58. Lets get it!
Step looks good for another move up here. Big resistance at the 1.66 mark, lets see what happens with the rest of the market over coming days. I personally think STEP is a good R:R here. With all the interest in SOL the money trickles down into the ecosystem..
Bitcoin seems to have found the low for now and bounced of the monthly VWAP. It looks like it hasn't now formed a nice start to the handle of the cup and handle pattern. I expect it to range within this triangle area for a few days. Lets see if this pattern can eventuate
This is where I see eth at the moment. It has current flipped the resistance of $1750 into support and is ranging between there and $1870 (current resistance).
- RSI is nice and bullish and in an uptrend, currently sitting above 50
- If the $1870 area is breached, expect further upside
- I would like to wait to see if it retests 1750 area support before entering...
As you can see LTC looks similar to that of ETH at the moment. If it breaks the triangle and closes above I will enter a long position targeting $230. let me know what you think!
