As Expected, We Have Our Pullback! Now We Watch This Closely.
#altcoins #total2 #pullback #crypto #etfapproval #bitcoin
Traders,
As predicted a few weeks ago, altcoins have finally met their downside target of 10-15%. But this move down will not confirm further downside unless/until we have confirmation to the underside of our current channel. We have to watch that bottom support closely along with the support on our RSI chart. Should one of them break and the price remain on the underside tomorrow through Friday, this can be further indication that more pullback may occur.
This is the healthy correction that I have been waiting patiently for and I am glad to see it.
Stay tuned.
Stewdamus
P.S. - I was stopped out on the recent XRP trade and will be looking for re-entry once I can observe direction confirmation.
Also, be sure to watch yesterday’s video for more on why this drop may have occurred from a technical perspective:
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