SUMMARY: Very bullish, we had a recent correction (H&S) and next target $0.80
-- Technical --
We have reached a recently ATH at $0.69 followed by a sharp correction - completing a Heads and Shoulders pattern 1D (with a the corresponding dip) . We have a new impulse wave forming with target of $0.80
RSI shows buying support continues to build - bullish signal
1D MACD is about to form a golden cross - very bullish signal
The 1D candles fell below the Bollinger Band volatility cloud , usually a sign for a key reversal. - very bullish
-- Fundamentals --
Bitcoin dominance continues to fall and dipped below the 50% mark. -----------> See BTC.D linked chart. - ultra bull sign for Alt coins.
XRP has recovered sharply-- note there is about 50% correction below XLM and XRP. -------> XRP chart link below.
ETH continues to push through ATHs and acts a lead indication for Alt coins market sentiment. --------> ETH chart link below.
$$$ Happy Bull Market come Alts season $$$
In addition - if you enjoyed the analysis and would like more : Please hit "like" and "follow".
*Not financial advice and is for educational purposes only. Always DYOR.
SO: What do you think, have I missed something or is there a particular indicator you like? Let me know in the comments.
-- Technical --
We have reached a recently ATH at $0.69 followed by a sharp correction - completing a Heads and Shoulders pattern 1D (with a the corresponding dip) . We have a new impulse wave forming with target of $0.80
RSI shows buying support continues to build - bullish signal
1D MACD is about to form a golden cross - very bullish signal
The 1D candles fell below the Bollinger Band volatility cloud , usually a sign for a key reversal. - very bullish
-- Fundamentals --
Bitcoin dominance continues to fall and dipped below the 50% mark. -----------> See BTC.D linked chart. - ultra bull sign for Alt coins.
XRP has recovered sharply-- note there is about 50% correction below XLM and XRP. -------> XRP chart link below.
ETH continues to push through ATHs and acts a lead indication for Alt coins market sentiment. --------> ETH chart link below.
$$$ Happy Bull Market come Alts season $$$
In addition - if you enjoyed the analysis and would like more : Please hit "like" and "follow".
*Not financial advice and is for educational purposes only. Always DYOR.
SO: What do you think, have I missed something or is there a particular indicator you like? Let me know in the comments.
