XRP, MKR, ALGO,THETA: Curved Tops Suggest Incoming Capitulation
Hi All!
As highlighted in my last analysis, BTC has two choices to make regarding the 100W MA and 200W MA. This choice will likely propel that market in that direction.
Shown here are 4 altcoins that have formed a bearish "pattern" - curved top of the downtrend, similar to a parabolic uptrend, but just pointed this opposite way.
There are many examples of this curved top ending in some strong bearish move to the downside with an example being here:
Each of these coins have also broken their 400+ day trend lines in a bearish way.
Each chart has two support lines that show the high demand & deep liquidity zones.
Not everything in the market looks this way, but these coins may suggest of whats to come for the rest.
To void these curved cliffs, price must break over and hold for some days.
As always, this is my opinion & NOT financial advice!
Thanks for reading,
Please comment and like!
As highlighted in my last analysis, BTC has two choices to make regarding the 100W MA and 200W MA. This choice will likely propel that market in that direction.
Shown here are 4 altcoins that have formed a bearish "pattern" - curved top of the downtrend, similar to a parabolic uptrend, but just pointed this opposite way.
There are many examples of this curved top ending in some strong bearish move to the downside with an example being here:
Each of these coins have also broken their 400+ day trend lines in a bearish way.
Each chart has two support lines that show the high demand & deep liquidity zones.
Not everything in the market looks this way, but these coins may suggest of whats to come for the rest.
To void these curved cliffs, price must break over and hold for some days.
As always, this is my opinion & NOT financial advice!
Thanks for reading,
Please comment and like!
Follow me on twitter! twitter.com/traderview2
관련 발행물
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.