Were still in the hunt for alt coin bottoms
this not financial advice. thjis is just a journal of my ALT bottom hunting charts, mixed with some personal thoughts and opinions.
Start wit the big 3
BTC
-The recent trend line (green dashed line) remaining in tact sudgests were continuing onward, especially after that large break higher earlier this week. The RSI also has spent the week coiling up as the price slowly consolidated.
ETH
-are we finally seeing a bottom in ETH?
LTC
-are we finally seeing a bottom in LTC?!
And the rest of the potential Alt bottoms I've been following
ARK
-Still very Flat, waiting for it to take some direction.. To the gold or retest the green
BAT
-Looks like i missed the Boat on BAT. It still may be early but id at least like to wait for a pull back as that RSI is looking quite over bought at the moment. I like how the EMA's haven't crossed over since breaking out.
DGB
-Looking for potential bottom here. Would be consistent with that long term large blue line
RDD
-RDD appears to have pulled back quite a bit, but i cant say its done as it appears to be respecting that new floor (gold flat line)
SC
-Again seems to be respecting the new floor and the RSI has coiled up this week during consolidation..
This might be a good candidate today for me
STORJ
-Well again we see this week the consolidation and coil on the RSI. I like that it appears to be stopping right at the EMA and the EMA's still haven't crossed back over. Looking good
STORM
-Flat but showing potential like ARK.
STR or XLM
-After that break out we saw good retest on pull back. And now its breaking higher again.
XVG
-Flat pancake like Storm and ARK. looks promising tho. That RSI is coiled up ready to go.. and doens't have much room to the upside before break out confirms. hmmm
ZEN
- ZEN broke down last time. It appears to have potentially found a new floor here tho. We'll have to wait and see
Well thats all I've got for you on this one!
Let me know what you guys think below
or if I muffed anything up!
-Dest
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