Still correlated to BTC and we have not formed a higher low on the daily yet as anticipated.
I say overshadowed due to observations of hundreds of our members trading, and how interest is overwhelmingly on BTC and ETH on this pullback.
Patiently waiting for 5, 15 min and hourly oversold RSI levels before scaling into this downtrend.
4 hourly lower highs and lower lows are also very clear now, and will need to shift momentum if this daily chart is to see any kind of bounce to try and protect the recent lows.
Patient, protective, and cautious in this current environment.
I say overshadowed due to observations of hundreds of our members trading, and how interest is overwhelmingly on BTC and ETH on this pullback.
Patiently waiting for 5, 15 min and hourly oversold RSI levels before scaling into this downtrend.
4 hourly lower highs and lower lows are also very clear now, and will need to shift momentum if this daily chart is to see any kind of bounce to try and protect the recent lows.
Patient, protective, and cautious in this current environment.
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