BullishView: Alt Season is NOT DONE YET!
These are simply my thoughts and ideas, this is not financial advice and I am not a financial adviser.
Monthly TF: Stoch rsi crossed up nicely, holding support above 21 EMA, above all major MAs (20, 50)
Weekly TF: Golden Cross (50 crossed above 200 MA), above all major MAs (20, 50, 100, 200)
Daily TF: Golden Cross (50 crossed above 200 MA), above all major MAs (20, 50, 100, 200)
Hourly TFs: oversold on some
I expect that after this shakeout OR rather retest of breakout, alts are going to pump even harder than the past 2 months.
Additionally the recent breakout was from a 0.886 retracement which formed a harmonic and was confirmed by the breakout. The red line is where I expect us to dump, that is A LOT of room up for this leg up.
Monthly TF: Stoch rsi crossed up nicely, holding support above 21 EMA, above all major MAs (20, 50)
Weekly TF: Golden Cross (50 crossed above 200 MA), above all major MAs (20, 50, 100, 200)
Daily TF: Golden Cross (50 crossed above 200 MA), above all major MAs (20, 50, 100, 200)
Hourly TFs: oversold on some
I expect that after this shakeout OR rather retest of breakout, alts are going to pump even harder than the past 2 months.
Additionally the recent breakout was from a 0.886 retracement which formed a harmonic and was confirmed by the breakout. The red line is where I expect us to dump, that is A LOT of room up for this leg up.
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