Here we can see some range play happening just under resistance on the weekly chart, this has been great for alts but we will likely see a shift in dominance once the range ends.
I've not put a direction on this as I'm seeing concerning signs on the monthly, but this weekly looks a chance to breakup with a bullish engulfing just under resistance as the range narrows.
Let me know your thoughts :)
I've not put a direction on this as I'm seeing concerning signs on the monthly, but this weekly looks a chance to breakup with a bullish engulfing just under resistance as the range narrows.
Let me know your thoughts :)