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Crypto Hitting Steel-Reinforced Wall Of Resistance

By Tim KnightCryptocurrencyJun 25, 2021 11:52AM ET
www.investing.com/analysis/crypto-hitting-steelreinforced-wall-of-resistance-200588294
Crypto Hitting Steel-Reinforced Wall Of Resistance
By Tim Knight   |  Jun 25, 2021 11:52AM ET
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Although the crypto space bounced mightily this week following the vicious weekend sell-off, the charts are still telling the story ahead of time: there is a steel-reinforced wall of resistance. You can see this even in my two favorite charts, since you simply have to take note of the overhead supply I have tinted:

ALGO:

ALGO Chart.
ALGO Chart.

 

ATOM:

ATOM Chart.
ATOM Chart.

This resistance is expressed just as plainly, although for different chart-based reasons, with the biggest of the big, Bitcoin:

Bitcoin Chart.
Bitcoin Chart.

And Ethereum:

Ethereum Chart.
Ethereum Chart.

Although I have no crypto positions, I find this mesmerizing since this entire space continues to be the most chart-friendly asset I’ve witnessed in my entire life. The prospect of a BTC move down to $20,000 is still intact for the summer.

Crypto Hitting Steel-Reinforced Wall Of Resistance
 

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Crypto Hitting Steel-Reinforced Wall Of Resistance

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Comments (3)
Google Google
Google Google Jun 27, 2021 9:05PM ET
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Hello Friend. Arief got Destroy Family Help. The Bookmark Enemy.
Snake Plissken
Buff24seven Jun 26, 2021 3:10PM ET
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I hope he is right and BTC hits 20,000 because I will be buying as much as I can. and anyone who thinks BTC is a scam hasn't taken the time to do the research to figure out it's the greatest asset the world has ever created.
alex gallegos
alex gallegos Jun 26, 2021 3:10PM ET
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Wow, you sound like you're sold. But the question is do you 🤔 own any now?
james keller
james keller Jun 25, 2021 7:49PM ET
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what do you think about Shiba coin
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Snake Plissken
Buff24seven Jun 25, 2021 7:49PM ET
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shib is like most alc coins that are made up of nothing get in a good position and you can make money. but if you're looking to retire early and you have an extra 100 grand lying around invest it in Dogecoin. once Elon puts doge on the moon literally it will hit 1.00 in a matter of 24 hours. whoever is heavily invested is going to be one happy camper. Doge is 24 cents right now as I speak.
brad coleman
brad coleman Jun 25, 2021 7:49PM ET
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Snake Plissken  can I subscribe to your newsletter?
Tony Hamblyn
Tony Hamblyn Jun 25, 2021 7:49PM ET
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woof
alex gallegos
alex gallegos Jun 25, 2021 7:49PM ET
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You don't want to do that.
Micheal Montefu
Micheal Montefu Jun 25, 2021 7:49PM ET
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it's a grate project with lots of support and future, just look at the numbers almost everything is in red and shib is green this token will make a lot of poor people rico buy next year
 
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