Another volatile correction for the crypto market as Russia invades Ukraine. Signs seemed to be pointing towards a dip imo and the recent news may have been the trigger.
On a positive note critical support held in around 2370 with a 2300 low which still keeps us within the bat pattern. If price can maintain above this zone into early March then we may be in for a reversal, although rather unlikely.
Supports are labeled out as short-term critical (solid black), long-term critical (solid red) and tentative (dashed), however if we continue to drop then anything from here to 2k is fair game.
On a positive note critical support held in around 2370 with a 2300 low which still keeps us within the bat pattern. If price can maintain above this zone into early March then we may be in for a reversal, although rather unlikely.
Supports are labeled out as short-term critical (solid black), long-term critical (solid red) and tentative (dashed), however if we continue to drop then anything from here to 2k is fair game.
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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.