Browse Stacks: Trading: slopechart_$XTZ.jpg

I did catch a comment earlier from RNeo about why is crypto up 20%. 

This chart is Tezos, an alt coin,by way of example. 

That green line snaking across the bottom right of the chart is support, drawn off a trendline originating in 2018, if you can believe that. 

A great many of the altcoin world are in similar positions chartwise. Banging off the bottom of year long channels, and in more optimistic scenarios, banging off the midlines of said channels. 

What you will have to go look at for yourselves, because it would be more charts than I am willing to copy/paste and post up, are the ones that managed to blow through said channels in the last 5-14 days. Tezos here is actually a winner by comparison... 

HAPPY FRIDAY!