looks like descending resistance going way back to all time high is coming soon to a head around oct 22. its make or break imo.
we are at a critical support around 29k with all indicators showing oversold.
watch and see the momentum is shifting bearish. watch fib levels for resistance and support
set your alerts and place your stops we could see some volatility in the coming days.
fibs once again remain as significant areas of support
looking at resistance with fibs. rsi pointing down
capitulation in the markets is opportunity to get great entries with these coins. dont market buy into a falling knife. use fibs to get the sniper limit buy or short depending on the chart.
GREAT TIME TO ACCUMULATE CAKE AT THE KEY SUPPORT
watch fibs and the descending yellow line for trades in either direction
look at the chart. draw lines. set limits and stops. do not over leverage. be safe
hedge ur positions. set some limits at these supports. not financial advice
simple long call out for YFI. support at fib range and we have bounced from bottom of bb
ttm squeeze, macd cross to the upside,RSI curling up. bullish consolidation and we could even make the case of this being a big bull flag...
WE COULD FALL DOWN TO 40K IF THE 47K SUPPORT FAILS TO HOLD. THIS WOULD STILL BE HEALTHY FOR THE BULL TREND IF WE BOUNCE FROM THERE. LOTS OF BUY PRESSURE AT THESE KEY FIB LEVELS ON CHARTS. WE SHOULD WANT TO SEE THIS PULL BACK TO COOL OFF THE TECHNICAL INDICATORS SO THIS CONSOLIDATION IS A GOOD THING. CHEERS
squeezing here. looks primed to make new all time highs soon
Coming to the apex of that pattern and we should retest previous all time highs very soon. big price forecasts from major financial institutions and usa stimulus bill is fueling this rally and when it hits we will see new all time highs