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On Sunday there was a chance to break the 4100, make a (short) term reversal but even though everything was in reach the bulls were too weak and lost the fight. Since that rejection at 4100 we started to drop again and the bears slowly took control again. However this time the bulls stepped in around the 3500 several times the past few days defending that level and making a higher low. But this higher low still needs to get confirmed and the only way to do this, is break the previous high around 4100.
As i showed yesterday in my updates, Alts have been improving, breaking descending trend lines since the whole crash started weeks ago AND a higher low. But also the same here, resistance still needs to break.
As i showed yesterday in my updates, Alts have been improving, breaking descending trend lines since the whole crash started weeks ago AND a higher low. But also the same here, resistance still needs to break.
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