At this stage long ETH is safe only above ~606$. Moving sideway so dangerous chart as no direction. On daily uptrend, so shorting not good, although price is very high.

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XRP pulled back after first trendline touch and now coming back. Now or never!

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Check out week chart for EOS. This is epic.

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In the last review of Ethereum chart I wrote that long is safe only above 606$. Price dumped never growing above that value, so no longs open. Short could have given a great profit, but at the moment I made that review, ETH was still above critical level at ~580-583 support, so could advise it back then.

Now ETH has the same chart as BTC. All coins do. Same ranged markets, in this case between 480 and 530. Breaking above or below that range will create an impulse move in chosen direction.

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Next wave of shitstorm is coming 🚀

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Altcoin index moving towards ~1306 resistance. DeFi index already broken the same chart structure, so we may expect the same from Alts as well.

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Alts index broke out as expected and went up by almost 15%. At FTX exchange with 10x leverage that would have made 150% profit in just a little bit more than one day 🤑 Free signal for all 🤝

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Alts bloodbath lasted till the morning. Overall dump from the top 16% at Atls Index chart. Alts themselves dumped differently, many dipped by 27-30%. Dips were bought and now they are bouncing, but soon will drop back again.

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Today alts are having a nice bounce perfectly logical after yesterdays pullback. Be careful and don't get into late longs. At alts index chart you may see that despite overall uptrend current bounce has very clear borders and most probably won't get much further than ~1640 resistance. Meaning that next week we may see them to pullback lower before it will be ready to resume uptrend.

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Alts Index chart reminds of Ethereum for obvious reasons. At the same time this reminds of rising wedge and these patterns often lead to bearish break downs. As you can see most of volume came from recent bull trap. So this zone should have lots of resistance. Surpassing it will be crucial for further trend development.

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