Hi,
This is not a recommendation for trading, but my personal analysis.
The cryptocurrency market is under strong resistance, which respected it before.
I believe this area is a potential distribution area.
We can also identify an Ascendingh wedge pattern in this chart; the breakdown of the wedge could cause the cryptocurrency market to drop.
To stay in the market, we must ensure the resistance break-up
This is not a recommendation for trading, but my personal analysis.
The cryptocurrency market is under strong resistance, which respected it before.
I believe this area is a potential distribution area.
We can also identify an Ascendingh wedge pattern in this chart; the breakdown of the wedge could cause the cryptocurrency market to drop.
To stay in the market, we must ensure the resistance break-up
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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.