Just charted this which I'm pretty stoked about using my contraction zone technique, have found it to be quite accurate about where to find a good entry after big retracements like we saw these last couple of days as that contraction zone really shows where there has been a tight fight between buyers and sellers. Aligned almost perfectly with the 38.2% fib and was right at the top of a nice little supply zone. Just thought id share as I'm pretty stoked seeing it continually work - Found the same thing on a few of the other coins I'm paying close attention to.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.