Happy Monday! Cryptos are seeing a little bit of a rally today (especially LTC!). Daily support is holding closes above the $7,600 price level. Action still remains inside of the channel we've been stuck in, shy of moving north above $8,200.

Overall, it's still consolidation in price as we have seen higher lows and lower highs. Volumes are lower as well, so this seems typical. The question now is whether or not the bulls will be able to rally enough, or if they've lost momentum completely to close out the head and shoulders pattern and see a pullback to test $6,800.

Weekly RSI is now back under 70.

Hope you all had a great weekend and a great week ahead. Happy Monday!

Happy Trading!