Nice recovery to assist in solidifying support at the lower trend average (~4100); a hold above this line could trigger breakout at current resistance (~4200).
Daily/H4 charts indicating a broadening wedge that could be interpreted as a broadening bottom based on entry direction. Another potential bullish signal.
H4 MACD also closing in on a divergence phase which pushes weekly crossover further out.
Reaching 200EMA (~4300) in the next 24 hours would be an assuring sign although I'm still not convinced we're in the clear.
Not FUDing the bottom, just be aware of fake outs and where we're currently at.
*** Altcoins ***
- Holding off on trading at the moment. If we hit 4300 I may buy in. Still using $ETH weekly MACD crossover as a general gauge to sell. Also adding 3600 as a SL so whichever comes first. Sold majority of the 5% buys from yesterday for more liquidity.
Daily/H4 charts indicating a broadening wedge that could be interpreted as a broadening bottom based on entry direction. Another potential bullish signal.
H4 MACD also closing in on a divergence phase which pushes weekly crossover further out.
Reaching 200EMA (~4300) in the next 24 hours would be an assuring sign although I'm still not convinced we're in the clear.
Not FUDing the bottom, just be aware of fake outs and where we're currently at.
*** Altcoins ***
- Holding off on trading at the moment. If we hit 4300 I may buy in. Still using $ETH weekly MACD crossover as a general gauge to sell. Also adding 3600 as a SL so whichever comes first. Sold majority of the 5% buys from yesterday for more liquidity.
