Forwarded from Zvn’s Charts
Better volume yesterday but to no avail. Strong resistance at 7130, can quickly go to 7350 if this breaks but I'm still expecting a retracement before that. No good trade I could take was found.
Crypto Charters TA
1hr btcusd - bounce off 7137 fib + fib circle with modest bull engulfing .. battle at yellow line to rebuild support ..7070-7120 nice support on 1hr - possible bull pennant forming in next few hrs
this IHS pattern is also the handle of a cup&handle (and its a small handle which is even more bull) - and the neckline was just breached on the move to 7300 - testing support after the breach - target for CH ~8200 (on longer TF chart)
Crypto Charters TA
xrpbtc 1d- yellow arrows extended convergence of 12+26 sma. Past fails. Support @ circles 4400, bottom yellow wedge 3.5-4k sat, white support could take xrp sub 3k sats. Bear bias until btc bull rests
btcusd 1hr bull phase rising wedge broken to the down side - modest rsi bear div but I personally like 2nd peak to max under 70 - low vol as well. watching closely