More selling pressure on cryptos all over the last 24 hours. With the CME futures contract expiring Friday we could re-test the lows.
BTC could be heading down to 6500 EUR (78% correction which was not reached yet) putting even more pressure for other coins.
XRPEUR could re-test its 0.72 EUR, i.e a re-test of its own 78% correction from ATH.
Definitely don't break the lower downtrend (red)
BTC could be heading down to 6500 EUR (78% correction which was not reached yet) putting even more pressure for other coins.
XRPEUR could re-test its 0.72 EUR, i.e a re-test of its own 78% correction from ATH.
Definitely don't break the lower downtrend (red)
Note
If we tweak a little the latest downtrend (after the bounce from 0.72), we see a triangle and clear consolidation.The good news is that we should see a breakout really soon from that triangle.
I just don't know which side :)
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.
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.