KEY WEEKLY - UPDATE 12/15/2020 - I Forgot to Hit Publish! Sry!So. As the title says I forgot to hit publish on my weekly KEY update. Off to a flying start!
We see our last candle killed our TD9 dreams; but that's OK as we're still in the wedge, thought fighting at the bottom.
Volume is still declining, which is surprising as it was already getting low now it's practically non-existent mind you the candle for this week is young..
All in all, our chart hasn't changed a whole lot: We're still hanging above EMA 21 (albeit right on it at this moment), we still seem to be consolidating within the wedge, our uptrend is still very healthily intact.
Basically the only interesting thing is the RSI seems to be fighting upwards off the bounce from the lower boundary of the consolidation wedge. An interesting reaction to say the least, and definitely signs of bullish support.
Kind of a boring one but that's the life we lead when it comes to the alts some times. We're seeing massive growth in other small and mid cap coins (especially today on the mid-cap) and I don't anticipate that trend to stop for... Well it could be a long time.
We are likely to see more consolidation on this chart for a short while longer, bottom line. With this low of volume and this much sideways movement the size of the eventual breakout grow ever larger... But that could also take a while.
UNTIL NEXT WEEK! (ish) This is not financial advice.
