Wedges.
Falling..
Rising..
All of the WEDGES.
At the minimum, A SMALL MOVE UP looks probable here. There is a ton of CONFLUENCE for this to play out -also a ton of support not far below, offering relatively low RISK.
I know that VOLUME has been LOW, but don't forget about this: According to glassnode alerts (@glassnodealerts), USDT balances across exchanges are now 1,282,118,378 USDT. The previous all-time high was on March 21.. and more since.
Just because trading VOLUME is not there - IT DOES NOT MEAN THE WHALES AREN'T SITTING THERE WAITING.
RSI approaching over -bought.. BUT! = STOCHASTIC RSI is WAY OVER SOLD. THIS IS GOOD. THIS IS REALLY GOOD.
MACD looks BULLISH -MACD line slope is promising.
IF WE BREAK BELOW this bottom trend line into the RED - Will re evaluate from there.
What are you all thinking? Seeing anything else?
Falling..
Rising..
All of the WEDGES.
At the minimum, A SMALL MOVE UP looks probable here. There is a ton of CONFLUENCE for this to play out -also a ton of support not far below, offering relatively low RISK.
I know that VOLUME has been LOW, but don't forget about this: According to glassnode alerts (@glassnodealerts), USDT balances across exchanges are now 1,282,118,378 USDT. The previous all-time high was on March 21.. and more since.
Just because trading VOLUME is not there - IT DOES NOT MEAN THE WHALES AREN'T SITTING THERE WAITING.
RSI approaching over -bought.. BUT! = STOCHASTIC RSI is WAY OVER SOLD. THIS IS GOOD. THIS IS REALLY GOOD.
MACD looks BULLISH -MACD line slope is promising.
IF WE BREAK BELOW this bottom trend line into the RED - Will re evaluate from there.
What are you all thinking? Seeing anything else?
