DiveInDefi
Looking more like a rising wedge right now which is equally bad as a bear flag. If we lose this green support, I fear we will get a very nasty sell off.
Also we have formed a major downtrend resistance here.
DiveInDefi
the support is 87.7k I am pretty sure we will retest this very soon
Support hit. Now the sweating begins. If this doesn‘t hold, it can quickly become a very painful week.
DiveInDefi
Support hit. Now the sweating begins. If this doesn‘t hold, it can quickly become a very painful week.
A daily Close above 92.2k would be the bullish outcome for today, as it would mark a bullish engulfing candle off a support. Anything below will be worrysome..
Forwarded from Crypto News Aggregator by EXCAVO
📊 CQ: Buyer liquidity is drying up and the remaining liquidity is only circulating within the market, not expanding. Historically, this imbalance has only been corrected by lowering prices. That is exactly what happened above the $100,000 level, and now the same pattern is repeating itself.
If new liquidity does not enter the market, we may see an extended period of consolidation or short-term bounces. However, such movements will ultimately be meaningless bounces, which will likely be followed by further declines.
If new liquidity does not enter the market, we may see an extended period of consolidation or short-term bounces. However, such movements will ultimately be meaningless bounces, which will likely be followed by further declines.