After recent break out, we have been witnessing some turbulent consolidation. The battle between bear and bull is strong, but I see early signs of bull having upper hand. This TA isn't complicated and should be quite self-explanatory. First target would be upper trend line of ascending channel whenever it gets touched, but personally I won't even sell at that point - I'm buying and holding!
Commentaire:
Caution! BTC is dragging down the entire crypto market, this TA might be invalidated if BTC is taking a sudden downturn!
Commentaire:
Money flow is showing a trend of outflow - not a positive sign for the channel, there is a possibility of breakdown! Take a long position only when you can stomach 10% downside from here, if channel holds then you just got some short term bottom
