Let it be...
Such a beautiful cup with handle pattern against bitcoin that if it unfolds, it will be an indicator that DEFI coins are going to get crazy..
Beautiful break and retest of the 8 year downtrend of euro vs the us dollar. Also a golden cross in this long term monthly candle chart... We can see the opposite happening in the DXY at the same timeframe.
It could go till mid of February
Sales do not last forever...
If the wedge breaks up the outperformance against bitcoin could be a great trade.
It could continue just a little bit more...
Obvious bullish divergence. Quality alts are reversing...
Let's see if Ethereum lose its support... It would definately mean a little bit more pain in the short term for alts. We see a similar weakness also in Chainlink (the second important big alt which represents the altcoin market strength).
It is possible that the sentiment should change to fearful in order to see the bounce we are waiting for...
We could get lower and still be bullish! Do not panic! RSI still strong, we could even test 50 day simple moving average and bounce from it which is 35-40 billion dollars away. I didn't even mention that we are currently holding support at previous resistance.
Descending trading channel + bearish divergence, let's see if it's alts time again.
If the crypto markets continue their surge this crypto project which had been consolidating for soooo long is finally going to make its move...
Broke a seven-year resistance. I guess we should be easily moving to 24-25 usd in the next months... With all this QE silver is already outperforming gold since investors see it as a cheaper version of their favourite hedge.
I guess it's time for UBT to end its correction and be the next to pump at least to the previous highs... Just a simple TA showing the beginning of a potential uptrend with higher lows in the daily. If we begin to see higher highs it is going to be an extra confirmation even though it is still looking good. Just put it on your radar