LIVE💫Major indices taking a breather as buy-side volumes wane on the histograms, though sellers not increasing activity yet.
💫However, ALT/STB, BTC/STB and ALT/BTC seeing influx of volumes—- indicating buyers willing to support trend by acquiring dips.
🗣BTC
💫After breaking out from accumulation range, asset successfully secured footing in two-wave move, meeting little resistance on second attempt higher.
💫New support developing at prior $63,610-$64,000 range top. Lower range boundary at $59,494 also remains supportive, but historic highs now acting as resistance.
🗣ETH
💫Attempted breakout stalled just shy of $3,523, which attracted surge of selling interest to mark range highs for now.
💫Price currently probing upper range boundary again. Failure to pullback to mid-range could keep consolidation temporary before potential upside continuation.
Supports at range lows of $3,300 and $3,176. Old $3,083-$3,038 zone should also provide buying confluence if retested.
🎑Results
💫Uptrends remain intact as assets take turns leading/lagging. BTC contending with resistance at prior highs, while sellers defending ETH range top at $3,523 for now.
💫BTC: $63610-$64000 support, accumulation range support at $59494
ETH: $3523 resistance, $3300 range boundary, $3176 level and lower support at $3074-$3038 zone
