BullishView: Alt Season is NOT DONE YET!
These are simply my thoughts and ideas, this is not financial advice and I am not a financial adviser.
Monthly TF: Stoch rsi crossed up nicely, holding support above 21 EMA, above all major MAs (20, 50)
Weekly TF: Golden Cross (50 crossed above 200 MA), above all major MAs (20, 50, 100, 200)
Daily TF: Golden Cross (50 crossed above 200 MA), above all major MAs (20, 50, 100, 200)
Hourly TFs: oversold on some
I expect that after this shakeout OR rather retest of breakout, alts are going to pump even harder than the past 2 months.
Additionally the recent breakout was from a 0.886 retracement which formed a harmonic and was confirmed by the breakout. The red line is where I expect us to dump, that is A LOT of room up for this leg up.
Monthly TF: Stoch rsi crossed up nicely, holding support above 21 EMA, above all major MAs (20, 50)
Weekly TF: Golden Cross (50 crossed above 200 MA), above all major MAs (20, 50, 100, 200)
Daily TF: Golden Cross (50 crossed above 200 MA), above all major MAs (20, 50, 100, 200)
Hourly TFs: oversold on some
I expect that after this shakeout OR rather retest of breakout, alts are going to pump even harder than the past 2 months.
Additionally the recent breakout was from a 0.886 retracement which formed a harmonic and was confirmed by the breakout. The red line is where I expect us to dump, that is A LOT of room up for this leg up.
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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.
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.