Alchemix has had 3 major lower lows. RSI divergence. 360$ area needs to be reclaimed for a long entry with a 3:1 r/r
Taking profits at the RSI divergence is always a good idea. Long entry set-up still not in play
Following-up on the previous post just to show-off :) Scalping after major nukes feels like art sometimes, just beautiful.
Curve current levels. Similar market conditions as the summer, but scalping probably won't last as long.
Curve current levels. Similar market conditions as the summer, but scalping probably won't last as long.
Both BTC and ETH had a significant levels of previous all time highs to be cleared for a bullish momentum. ETH/USD cleared the level of 4.200usd and that has now become support. BTC/USD is now ranging at 62.000 ~ 64.000usd (previous ATH) and there's a clear correlation to ETH/USD at the same level. Expecting the bulls to take over during the next weeks, but...
Levels still playing out and the plan remains: positioning for a long entry around 1.40 ~ 1.44 after confirmation of support. Target 1 continues to be between 1.90 ~ 2.00
ETH new support level confirmed. Long position. Target 1: 6600USD
Ranging atm. Long Entry: wait for 1.40 confirmation of support Target 1: Between 1.90 - 2.00 which is also a Fibonacci relevant level
Levels playing out well. Confirmation of support required during the next days before +78k usd.