After a strong bearish imbalance and a 19% price drop, the price recovered.
The volume was pretty weak though, what shows us, that it could just be a simple pullback, before the price continues to drop.
The rising candles had long shadows, a sign of bullish uncertainty.
The major resistance line at 3809 hasn´t been reached.
One support is the 30 EMA, if the price drops below it, a next support level is the rising support line.
If this level gets broken, the price can drop till 3043.
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t.me/NextLevelCrypto
The volume was pretty weak though, what shows us, that it could just be a simple pullback, before the price continues to drop.
The rising candles had long shadows, a sign of bullish uncertainty.
The major resistance line at 3809 hasn´t been reached.
One support is the 30 EMA, if the price drops below it, a next support level is the rising support line.
If this level gets broken, the price can drop till 3043.
If you found this post helpful, like, comment, and subscribe!
Telegram Signals
t.me/NextLevelCrypto