$RSR looks like it's ready for another big run. Last time the 50/100 MA crossed on the 4hr, $RSR went on a 100%+ move. The 50/100 MA's have crossed bullish again and I am looking for something similar to unfold. If this is the case then we will almost certainly test ATH's.
Trend line started on June 11th as support (light blue line) and didn't break down until the 30th of June. This is where the trend line flipped from support to resistance. Currently bouncing off of the resistance now. VPVR area showing larger buy/sells in the area marked by the green box, would like to close today over this level. Also, looking at the 4hr MACD...
Not liking the breakdown here. Hands down on of the best crypto projects, it will be back!
Watching here at the bottom of the current channel and the .382 Fib level to hold as support. Would like to see a push to the top of the channel and the .618 Fib for a nice swing trade. Watching the Stoch RSI for a bullish cross up here on the 4hr timeframe to help confirm a push to the .618 extension. If the channel breaks bearish I will be looking at the .236...
BTC getting hit with a pullback at the moment. So far we have bounced at the 200 Day MA, which has acted as support since all the way back on Feb. 8th of this year. If it holds, will reevaluate next move up. Not very confident that we hold here. If the 200 MA doesn't hold here look for a test of the $6500 area which was recently flipped from Resistance to Support....
BTC getting close to a break. Volatility incoming! TA and chart are saying bullish but you never know. Whales could push down for a stop hunt before going up again. If it drops, a second ascending triangle could be in play and will be looking for a bounce in this area. Would love to see BTC hold the 8k mark.
We will see, nice push up to the top of our channel. Healthy.
Looking at the $6855 area first, if it breaks we could see the $6600's. Support areas for the bull push marked.
BTC crossing our bottom channel line, waiting for volume to come in before making a decision.
Watching this current channel. Looking for a bump to the top of this channel and then paying close attention to the next move. Could be in this 4hr channel for a while, if we break down there is not much support all the way until 4200-4400. Smaller support around 4800.