On the 1D we broke the previous uptrend and now we have printed a LH on the HTF's
We currently have HL's too atm, which if broke and we get a bearish retest of that area as shown then lower 40's is very likely
The current global financial markets have taken a hit though, e.g. the ES, mainly due to inflation
Also we have seen Ethereum co-founder Vitalik selling a lot of the meme coins that were burned on ETH platform
Which I enjoyed seeing as it wrecked some of the scam coins and the people getting involved in them
This might cause some retail to leave the crypto market though through fear
If we got a move below this smaller range this is where I think we should stay strong though
It is the OTE of the previous swing
A bounce there is likely as it is also into demand could be a 'deviation' of that smaller range and move back to 57K could be on
CHOP CITY
We currently have HL's too atm, which if broke and we get a bearish retest of that area as shown then lower 40's is very likely
The current global financial markets have taken a hit though, e.g. the ES, mainly due to inflation
Also we have seen Ethereum co-founder Vitalik selling a lot of the meme coins that were burned on ETH platform
Which I enjoyed seeing as it wrecked some of the scam coins and the people getting involved in them
This might cause some retail to leave the crypto market though through fear
If we got a move below this smaller range this is where I think we should stay strong though
It is the OTE of the previous swing
A bounce there is likely as it is also into demand could be a 'deviation' of that smaller range and move back to 57K could be on
CHOP CITY
Comment:
Elon's FUD tweet really making what is hopefully a deviation take place!