To keep myself accountable and keep practicing my TA I'll be charting the top 100 crypto's by marketcap over the coming fews days. Any feedback and tips are welcome.
Trend = bullish (HH, HL), but consolidating currently, potentially showing reversal signs
Notes:
- As with every other alt, clear uptrend
- Volume has completely died out after the initial pump tho
- Last swing high retraced around 4H support level, upward breaks not successful
- Symmetric triangle currently forming
- Affected by BTC pump, could dump further to deeper 4H support level
Ideas:
- Personally see no clear trade currently
- If the symm. triangle holds the breakout could be traded, with volume that could retest ATH/price discovery[LONG]
- Expecting it to consolidate over the weekend with BTC acting up, will revist later
Trend = bullish (HH, HL), but consolidating currently, potentially showing reversal signs
Notes:
- As with every other alt, clear uptrend
- Volume has completely died out after the initial pump tho
- Last swing high retraced around 4H support level, upward breaks not successful
- Symmetric triangle currently forming
- Affected by BTC pump, could dump further to deeper 4H support level
Ideas:
- Personally see no clear trade currently
- If the symm. triangle holds the breakout could be traded, with volume that could retest ATH/price discovery[LONG]
- Expecting it to consolidate over the weekend with BTC acting up, will revist later
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