It appears that the TSXV:YFI market value loss sparked various reactions among traders. Some believe it's a coordinated cash-out by the team and exchanges, resulting in innocent traders getting liquidated. There's a call for decentralized exchanges (DEX) as an alternative due to distrust in centralized exchanges (CEX), drawing parallels between CEX and banks,...
Here is the moment where the Up trendline was broken, and with the look of things, the deep will be massive again from next week, if price losses $26,041 support.
$26317 couldn't hold price enough, so price retraced by 50%($26,525) and gave the momentum to break $26317. Even the trendline might not be able to hold price from going low, expecting retracement now (fake pump) and it will keep gown low, so let watch how it will play out in a jiffy.
BTC was seen on a trendline from $15,472 to $18,440 region where a %50 retracement seen at $16,956 region which was broken down and touches $16,250 region and moved up to retest $16,956. But the %50 movement from $18,440 down to $16,250 is at $17,401 which price may need to hit in other to gain enough momentum to push down 👇 if not broken. Please your our...
If price must get to the upper band, price must breakout out at the %30($18.528) or %50($18.758) retracement from the resent ATH, else it may need to retest $17,886 .
Showing on the chat an Order Block formed on 15M TF at the %30 retracement, could this be a rejection sigh? Maybe price will come back to retest the OB, and if broken then we may get to the %50 retracement ($17.314) but if rejected then you may see price moving towards the upper band. What is your opinion on this? Kindly leave a comment Thanks
LTC formed an uptrend line at $15,082 region where a new impulsive move was taken to $19.186 region, Where a short opportunity was spotted. At this point price is trying to move further but I think there is a need for price to Retrace by %50 currently at %30 region($18.176) , if there is a rejection at $17.886 it means a long opportunity which may breakout at...