So right now it looks like a healthy correction after vastly overbought conditions but we did not see much bear movement so far....
Now we have around 30 mins left on the next 4h candle and it seems that the price gets rejected bei ma12 on the 4h chart for the first time since jan 25th. This could lead to further downside dynamics when 4h support at around 3$ flat gets broken to the downside. If it holds up we'll find ourself in a 4h equillibrium pattern generating momentum for a even more dynamic break in either direction afterwards....
go have fun everyone!
Now we have around 30 mins left on the next 4h candle and it seems that the price gets rejected bei ma12 on the 4h chart for the first time since jan 25th. This could lead to further downside dynamics when 4h support at around 3$ flat gets broken to the downside. If it holds up we'll find ourself in a 4h equillibrium pattern generating momentum for a even more dynamic break in either direction afterwards....
go have fun everyone!