Hey guys,
Quick look at Bitcoin here as well. Well first thing we see is that EMA100 rejected the price at $16500 which led to a small dump and broke resistance zone as well at $16400. Well from technical side we would say next stop would be at $15800 where we might see a correction but we might as well go for a straight red candle which would break completely this zone.
Any thought here? Also "Reversed H&S" pattern failed as well which is another confirmation for bearish trend.
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Yours Sincerely,
Swallow Team 🔱
Disclamer:
We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
Quick look at Bitcoin here as well. Well first thing we see is that EMA100 rejected the price at $16500 which led to a small dump and broke resistance zone as well at $16400. Well from technical side we would say next stop would be at $15800 where we might see a correction but we might as well go for a straight red candle which would break completely this zone.
Any thought here? Also "Reversed H&S" pattern failed as well which is another confirmation for bearish trend.
If you like ideas provided by our team you can show us your support by liking and commenting.
Yours Sincerely,
Swallow Team 🔱
Disclamer:
We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
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Join our amazing team and be part of something bigger.
FREE: t.me/SwallowCryptoTeam