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Crypto Hitting Steel-Reinforced Wall Of Resistance

ByTim Knight
Published 06/25/2021, 11:52 AM
Updated 07/09/2023, 06:31 AM

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.

 

ATOM:

ATOM Chart.

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

Bitcoin Chart.

And Ethereum:

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.

Latest comments

Hello Friend. Arief got Destroy Family Help. The Bookmark Enemy.
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.
Wow, you sound like you're sold. But the question is do you 🤔 own any now?
what do you think about Shiba coin
woof
You don't want to do that.
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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