Happy Tuesday crypto friends!! I've been out on vacation the last two weeks, so I'm finally back. Got a brief chance to check on crypto here and finally all caught up.
Thankfully I didn't miss anything while I was gone and prices have been mostly sideways.
We're looking at a third week so far of inside bars. Two weeks ago, we saw the largest bull volume bar on a weekly in over 2 months. This bar had little movement and even less follow through. So, safe to say this isn't the best of signs.
Volumes on the shorter time periods and the daily are extremely low and continue to decline. This huge decline does likely mean a breakout coming very soon.
Daily support is just below the $9,400 level as bulls continue to hold closes in the upper $9,300's.
Major daily and weekly resistance is at the 10,000 psychological level, which I don't see breaking bullish anytime soon.
Hope you're all having a great week so far!
