Yellow line has shown to be VERY important
In 2021 #altcoin traded in the area for 1 month before it ended up breaking out to the upside
Broke & CLOSED under yellow line 11/22 - 1/23
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This is 1x it hasn't had big reversal & HEAVY volume
Each bounce @ this area has been weaker
Hmmm
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Volume has picked up but it is not what it was before
Could this be waning interest in the space?
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RSI looking better, positive divergence
SEC & FUD has hurt this sector, shame
Hard to call direction atm
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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.