Although we broke down from a larger ascending triangle. Then created a descending
Traingle and broke down further. We started considlation between 566-588 588 came in as resiatxne. Whenever we broke it we pumped up to between606-640$. Now as we recently got rejected at 640 level we came back and are attempting to flip 588 into new support. As all of this correction in crypto occurs everyone is scrambeling to decide if this is a start to a bear market or correction in a bull market. As for alts they are going sideways as BTCD is picking up steam. I do belive this will contiue for a while however in BCH case even though it’s struggling to her higher then 730$ it is slowly setting it’s self up for potentially a big run later when dominance decides to fall. As long as we can from here on out, remain above 540-585 we should be doing pretty well. Keep eye on that 588isj level to contiue to hold as support !
Traingle and broke down further. We started considlation between 566-588 588 came in as resiatxne. Whenever we broke it we pumped up to between606-640$. Now as we recently got rejected at 640 level we came back and are attempting to flip 588 into new support. As all of this correction in crypto occurs everyone is scrambeling to decide if this is a start to a bear market or correction in a bull market. As for alts they are going sideways as BTCD is picking up steam. I do belive this will contiue for a while however in BCH case even though it’s struggling to her higher then 730$ it is slowly setting it’s self up for potentially a big run later when dominance decides to fall. As long as we can from here on out, remain above 540-585 we should be doing pretty well. Keep eye on that 588isj level to contiue to hold as support !
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.