The market boosted and fell back, all the major tokens turned the green numbers to the reds. The Bitcoin market failed at attacking $7,200. From the movement of the 1-hour chart, the volume while the attack to the level of $7,200 was low, so it should be defined as a temptation. In addition, a dead cross has shown up in the MACD of the 1-hour chart, then fell back to start an adjustment. The MACD still ran above the zero axis since the longs still won. Focus on the resistance at $7,200 and its volume when the market tries to break. if the market can be held above the support at $7,000, just HODL it.
The ETH market failed at challenging the level of $190, then dropped sharply to $178. In the 1-hour chart, after the divergence, the MACD rose back then presented a dead cross above the zero axis. The red pillars contracted again. After the divergence, the market is likely to attack the resistance again. Focus on the pressure at around $190.
Binance Options Copied from BitOffer:medium.com/@SorosLamfer/the-king-of-copy-binance-cheated-again-52a7c971cbf7
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The ETH market failed at challenging the level of $190, then dropped sharply to $178. In the 1-hour chart, after the divergence, the MACD rose back then presented a dead cross above the zero axis. The red pillars contracted again. After the divergence, the market is likely to attack the resistance again. Focus on the pressure at around $190.
Binance Options Copied from BitOffer:medium.com/@SorosLamfer/the-king-of-copy-binance-cheated-again-52a7c971cbf7
Register and Get 50 USDT Bonus: bitoffer.com
Join our group: t.me/bitofferen
#Cryptocurrency #BTC #BTCUSD #ETH #ETHUSD
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.