AAVE broke the downtrend in which it had been since April 21 (see orange transparent diagonal line). The price corrected ~80% since then and we're currently back in the downtrend regions.
The price is retesting this diagonal and I'm convinced it'll eventually reclaim it. As there's plenty of support below it, clarified below.
The price is currently hovering...
Bitcoin reclaimed the weekly levels and is showing some strength on the LTF. Volume is shit however and I'm not convinced this is the reversal we'd been hoping for.
I'm expecting a LTF relief bounce. This level could bring as to levels as high as 50k. A lower High will form there and the dump will probably continue.
Until we will have the capitulation level...
I posted this chart before, however I think the font-sizes I used were not big enough for people to read properly. That's why I updated a few things and am sharing this with you.
With the recent bearish retest of the $8750 price levels, the $7350 is the first obvious support on the way down. This coincides with the 0.618 fib retracement level drawn from the...
With the recent bearish retest of the $8750 price levels, the $7350 is the first obvious support on the way down. This coincides with the 0.618 fib retracement level drawn from the previous bottom around $3300 to the top of end June around $14000. Though I don't think this level will hold, the price will definitely bounce from it to test $8000 again. $7350 could...
