Hello Traders. As you probably know I don't like to publish short term setups due to the fact that many things can happen such as fuds, Btc crash etc.
As per Nerio's daily chart, massive accumulation phase seems to be taken place for a month. 4 Major indicator signals also agreeing the accumulation phase nearing end (Hist,MOM,OBV,MFI). Many combined signals including decreasing volume while correcting pointing out for possible a rally! I will update this chart as we move along!
Note
As I said I don't like publish short term targets. BTC crashed and took most of the altcoin with it! All this dog, cat, rabbit whatever they call themselves crashed as well. I posted this idea solely based on the chart. I though it was accumulation phase but it seems like it was distribution phase. Anyhow they couldn't get me in this trade. I was on high alert just because of BTC but they got quite a few people. When market turns bullish this will go up as nothing happened.
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If BTc can break past 99k-100k range and build momentum sometime. We may see serious rally with this coin . I mean something along 2x+ Keep an eye on this one for sure!
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👉Keep an eye on the charts and your portfolio, and remember: DYOR -Crypto is always changing, so stay informed before jumping in! 🚀💸
Binance Square Family...❤️🔥❤️🔥
I hope this analysis has been helpful to you. If you have any questions, please feel free to leave a comment. I'm always happy to help.
I appreciate your support!
