Here are some updated charts of a select few major altcoins. Some bullish ideas and some bearish ideas, so there are some charts to fit everyone’s outlook.
ADA up first with the chart above. Hovering under major resistance and has been rejected by the 0.5 Fib a couple times. Recent market structure is in a small uptrend, resembling an ascending triangle but could also be interpreted as a bear flag if it does break higher. Open to trader discretion.
MATIC. Major downtrend market structure with a bear flag approaching that structure. If there isn’t a rejection at that structure then the next upside challenge will be breaking $0.75
ETH. Major market structure in an uptrend. The support level marked is also a key level that must hold, if this level and the market structure break it would be bearish and further downside is extremely likely. But those are two major levels that should act as support.
Here are some updated charts of a select few major altcoins. Some bullish ideas and some bearish ideas, so there are some charts to fit everyone’s outlook.
ADA up first with the chart above. Hovering under major resistance and has been rejected by the 0.5 Fib a couple times. Recent market structure is in a small uptrend, resembling an ascending triangle but could also be interpreted as a bear flag if it does break higher. Open to trader discretion.
MATIC. Major downtrend market structure with a bear flag approaching that structure. If there isn’t a rejection at that structure then the next upside challenge will be breaking $0.75
ETH. Major market structure in an uptrend. The support level marked is also a key level that must hold, if this level and the market structure break it would be bearish and further downside is extremely likely. But those are two major levels that should act as support.
