Seems like a H&S pattern is forming on the 1H. If we break down then price target is the 28.5k support level. 28.5k was confirmed as a strong support level 3 times back in January of this year.
The H&S pattern is even clearer on the ETH and ADA charts.
We will have to see if we bounce, but it's looking bearish from here.
The H&S pattern is even clearer on the ETH and ADA charts.
We will have to see if we bounce, but it's looking bearish from here.
Comment:
I think ADA, ETH, LINK and DOT look even more bearish than BTC. Price targets for some of them are around 40% lower than current levels. Nothing is guaranteed though, just have to wait and see.