Next move
Hi everyone,
My last post was on ETHUSDT, and its price was one of the only coins with a major pullback than others, but it still has the same scenario as BTCUSDT.
Since the beginning of this week, the crypto market has been quiet, as we did not see any volatile move. However, by looking at the chart, I think that we have formed a bearish wedge that we are still and are most likely going to break to the downside. We are going to continue our downtrend because no candle closed above the resistance drawn on the chart ( I drew this line 2 weeks ago lol)
In conclusion, I think that we are still bearish on the midterm at least.
Please comment if you have any questions, I will try my best to answer them.
Thank you😊
My last post was on ETHUSDT, and its price was one of the only coins with a major pullback than others, but it still has the same scenario as BTCUSDT.
Since the beginning of this week, the crypto market has been quiet, as we did not see any volatile move. However, by looking at the chart, I think that we have formed a bearish wedge that we are still and are most likely going to break to the downside. We are going to continue our downtrend because no candle closed above the resistance drawn on the chart ( I drew this line 2 weeks ago lol)
In conclusion, I think that we are still bearish on the midterm at least.
Please comment if you have any questions, I will try my best to answer them.
Thank you😊
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