$SYN 4H chart is doing something I like.
Bands are squeezing. Lower band's come up from $0.02 to $0.1989 while the top just sat there at $0.2577.
Price is $0.2099. First real test of the lower band since this whole thing kicked off.
But look at RSI. 45.4. We're 22% off the high and momentum still hasn't gone oversold. This is price coming back to the mean, which is good news.
And it came back without rushed wicks, it was controlled.
The bit I think gets skipped is that the lower band is rising fast. Every sideways candle, the floor moves up. This range is closing from underneath, not from above.
#Altcoin Season#
Bands are squeezing. Lower band's come up from $0.02 to $0.1989 while the top just sat there at $0.2577.
Price is $0.2099. First real test of the lower band since this whole thing kicked off.
But look at RSI. 45.4. We're 22% off the high and momentum still hasn't gone oversold. This is price coming back to the mean, which is good news.
And it came back without rushed wicks, it was controlled.
The bit I think gets skipped is that the lower band is rising fast. Every sideways candle, the floor moves up. This range is closing from underneath, not from above.
#Altcoin Season#
