Buyers seeking entry point should watch for a break of trend between now and the 24th as the price consolidation comes to an end.
As of right now the sellers are still in control, but there is still lots of hope for the patient.
The floor remains relatively consistent and strong at the (0.0530) mark. If this current floor is broken between now and the 24th, hodlers should pay very close attention to the new psychological floor at the ( 0.0500) mark for another significant pullback, and continuation of its long-term bearish trend.
We should have our answers very soon! Best of luck
As of right now the sellers are still in control, but there is still lots of hope for the patient.
The floor remains relatively consistent and strong at the (0.0530) mark. If this current floor is broken between now and the 24th, hodlers should pay very close attention to the new psychological floor at the ( 0.0500) mark for another significant pullback, and continuation of its long-term bearish trend.
We should have our answers very soon! Best of luck
Note
***BREAKOUT CONFIRMATION***Came sooner than expected thanks to the "Elon-Effect"
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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.
Disclaimer
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.