We're Watching These Cryptos

As technicians, we pride ourselves on never being dogmatic in our approach. If new data that invalidates our initial thesis presents itself, we're always willing to flip our approach.

Yesterday, we wrote that Ethereum testing a significant support zone suggests this rally is mean-reverting in nature. In that same breath, though, we noted that it's wise to treat every chart on its own merits.

If you adopt an overly broad picture of markets, you'll often miss some of the most straightforward trading opportunities.

With all that said, a few names are shaping up nicely in this tape.