Is a bear trend channel evolving?
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Another really bearish thing about this chart is the fashion it normally comes in contact with the lower fat red supporting trend line. Normally it violently spikes down and bounces back rapidly. That was a healthy behavior inclining it to continue being in the trend channel.This time it is like it's coming slowly into landing hovering over the supporting trend line. This is a different and alien behavior. "Different" is not good!!!
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Inflection point is here...
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Dead man walking...
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Not totally clear this will fall yet. Litecoin seems like a tough fighter.
The bottom of the trend (triangle) channel is verified with some tops.
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Mustn't go over $48.5
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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.