Quick look at the Major Altcoins index
Hi guys,
The Altcoins index is gravitating around the $735 line since April 29 when it found support at the 200-day EMA and moved about the horizontal resistance.
What we are seeing currently is the price being caught between the two long-term EMA's with $735 as a middle line.
Next level I'm looking at upwards is $785 and down - $700. So, we target a move to $735 as a buy signal up to $780, then $810-$815 if we break the $200-day EMA.
All of this should be reflected to the correspindg altcoins from Top 10 (except BTC and USDT). Meaning that if we reach $735, we will add more positions to our alts bags.
Cheers,
The Altcoins index is gravitating around the $735 line since April 29 when it found support at the 200-day EMA and moved about the horizontal resistance.
What we are seeing currently is the price being caught between the two long-term EMA's with $735 as a middle line.
Next level I'm looking at upwards is $785 and down - $700. So, we target a move to $735 as a buy signal up to $780, then $810-$815 if we break the $200-day EMA.
All of this should be reflected to the correspindg altcoins from Top 10 (except BTC and USDT). Meaning that if we reach $735, we will add more positions to our alts bags.
Cheers,
