Possible reversal if we can hold above 10.7k, if not previous post is valid
daily RSI nearing 30, all stochs full reset, daily 200MA around 8.5k, 61.8% fib at 8.7k, 3day EMA uncrossed, trendline from 1.8k-3k intact- more than 50% discount from ATH
So far very similar action like July and September, notice MACD 0-line matching up with the zone breakouts, this is a very simple and effective trend following indicator. "Technically" this is no trend till we clearly break the upper band of the range, because of the volatility expansion on the dump there usually follows a few waves of aftershock after which the market flattens. You can see this clearly in the two previous consolidation periods.
https://www.tradingview.com/x/xzDmC4Fa/
https://www.tradingview.com/x/xzDmC4Fa/
Crypto Charters TA
So far very similar action like July and September, notice MACD 0-line matching up with the zone breakouts, this is a very simple and effective trend following indicator. "Technically" this is no trend till we clearly break the upper band of the range, because…
Resistance block rejected, price retraced black to support zone and held, now we recovered. Confirmed breakout sits above $13.6k, price might stay in this range for a while, there's still opportunity in altcoins https://www.tradingview.com/x/HSkxPjgd/