We saw a bullish engulfing yesterday which pointed to gains and
it has worked out well. Price has advanced and is looking strong
right now, eyeing the All Time High at 1379. Resistance sits at
the upper border of the Pitchfork channel. There is also the Monthly
R3 pivot that may act resistance. If momentum builds price may very
well enter outside the channel and there is little resistance above
until 1675-1700 pivot cluster. Bulls would like to see a close above
current horizontal resistance and the Weekly R2 at 1383.
If price fails around current highs we might see a pullback/sell off
towards 1250-75 level. Below that stands the Cloud support.
If you want to support this channel check out the
profile page at the top for details. Thanks.
The Market Cap Outlook here:
steemit.com/cryptocu...-outlook-jan-13-2018
it has worked out well. Price has advanced and is looking strong
right now, eyeing the All Time High at 1379. Resistance sits at
the upper border of the Pitchfork channel. There is also the Monthly
R3 pivot that may act resistance. If momentum builds price may very
well enter outside the channel and there is little resistance above
until 1675-1700 pivot cluster. Bulls would like to see a close above
current horizontal resistance and the Weekly R2 at 1383.
If price fails around current highs we might see a pullback/sell off
towards 1250-75 level. Below that stands the Cloud support.
If you want to support this channel check out the
profile page at the top for details. Thanks.
The Market Cap Outlook here:
steemit.com/cryptocu...-outlook-jan-13-2018