Altcoin Watchlist
EGLD, ETH, LINK, MATIC and others
This Friday, I’ll chart your Altcoin picks in an exclusive subscriber-only TA newsletter and will cover as many as I can.
So if you’d like to have an Altcoin charted, feel free to share max. two TA requests each in the comments below.
I’ll chart the Altcoins that get mentioned and ‘Liked’ the most.
Elrond - EGLD/USDT
In mid-2021, EGLD rebounded strongly from the black level but this month, it is hovering below said level which may be figuring as resistance.
Reject from here and EGLD will drop to the orange level.
However, reclaim black as support and EGLD will rally to the green level.
Chainlink - LINK/USDT
Declining buy-side volume has preceded weakness in the uptrend and declining sell-side volume will precede slowing in the seller momentum.
However, that slowing down in the seller momentum could take some time, and with just a -90% retrace to its name at the moment, LINK could still revisit the green region for support in the future.
At the moment though, the black level ahead could be flipped into resistance once again.