Observation:
4 of the (for me) important coins which I expect a lot as soons as sentiment for alts get better, are on important levels where we might expect a bounce.
ARK: in the blue box (possible bounce area) and closing in on long term trendline
LISK: on longterm trendline, could bounce from here
NEO: dropped below trendline but still in possible bounce area (blue box). Needs 1 good bounce to be back above trendline
OMG: looks to be bouncing on 78,6% Fibo level
This is just an observation but noticing that several coins are on interesting levels where they might bounce after that market wide downtrend.
Off course, should take into consideration that BTC is on a run and we certainly need BTC to cool down before alts can start recovering. Pls also note that Alts made a deep pullback and also might start a new period of accumulation before rallying again. It wouldn't surprise me if we see first a jump up, followed by a longer period of sideways action where whales surpress prices for accumulation.
4 of the (for me) important coins which I expect a lot as soons as sentiment for alts get better, are on important levels where we might expect a bounce.
ARK: in the blue box (possible bounce area) and closing in on long term trendline
LISK: on longterm trendline, could bounce from here
NEO: dropped below trendline but still in possible bounce area (blue box). Needs 1 good bounce to be back above trendline
OMG: looks to be bouncing on 78,6% Fibo level
This is just an observation but noticing that several coins are on interesting levels where they might bounce after that market wide downtrend.
Off course, should take into consideration that BTC is on a run and we certainly need BTC to cool down before alts can start recovering. Pls also note that Alts made a deep pullback and also might start a new period of accumulation before rallying again. It wouldn't surprise me if we see first a jump up, followed by a longer period of sideways action where whales surpress prices for accumulation.
Wanted to make separate charts for all coins yesterday in expectation of a recovery towards 2x fork, but didn't have the time and later all alts were flying already and I just leaned back to enjoy.
Will try to update later today.
Happy trading!