13 April My Technical Analysis
I wrote the $BTC 39.5 -> 42 movement as an intermediate reaction movement.
If there are any followers, we have just completed the part of this movement up to 41, now we will see whether it will continue or not, if it can hold on above yesterday's high 40.7.
The main plan hasn't changed yet. I'm expecting 42/42.5 or a half round down from around 41 with its unfinished state.
I said that $ADA and many of the altcoins still easily have a 10% drop share, and I drew a scenario for this decrease. A 10% drop came in and $ADA was head over heels at 0.917.
If it crosses 1.01, it can go back to the uptrend or it will continue to harass the support here for a while. Whether $BTC will drop another leg or not is the only parameter we should all follow.
I said that the range of $SOL 107 AND 97 can go down to 97 in the response zone and make 107.
97 reacted over 1 usd and made 107. Those who implement the strategy should have received a min 50% profit at 107.
If 97 drops, it can be down to 88-90 and 78. If BTC goes below 39, keep this scenario in your pocket. For now I have no higher than 107. If I see $BTC recovering then we'll talk about new possibilities.
I said that if the $AVAX 81-83 support does not manage to hold on here, which is very evident on the 4-hour chart, a decrease may be triggered to the range of 77 and then 72-70. It's up to 72.
If $BTC can say 42/42.5, it can go up to 81.-83 here. Then we will watch $BTC and see if there will be a decrease again.
As long as $ZEC remains below 175, I said that it is likely to go down to the 143-135 range.
It came from 165 to 143 ✅ and it gets a reaction from here. The reaction up to 155-160 is normal.
Take it easy,
It is not investment advice.
Graph Source: Tradingview