It's been a crazy past 24hrs for the crypto (and financial) market as a new Covid variant comes into play.
Resistance held in at 4550 before the drop to ~3900 (lower trend limit). A continuation could put us into the 'danger zone' (orange) which I have capped at a low of 3600.
Wouldn't be surprised if this occurred as it aligns with the weekly MACD prediction; I also felt that the recent breakout was earlier than expected and that weekly MACD re-divergence would occur sometime EOW (see past posts for better clarification). Another factor that could influence this drop is Black Friday/Cyber Monday sales for liquidity.
In yesterday's post I didn't think $ETH would hit 5k until next month (past predication is 4500 EOM), however the timing of this Covid announcement seems a bit skeptical based on recent price action; almost as if the market is getting regulated to make certain trends occur. A similar feeling of this occurred during the last dip when China re-banned crypto. I'm not really one for conspiracies, just my two cents.
*** Fortunately I sold 80% of my tradable alts last night due to certain indications on certain alts (aka $ENS). I still hold $SC and $DOGE although I really regret holding a memecoin at this time due to the $SB $SDOG 'rug'. On this dip I picked up more $DOT and $AURY, and I'm looking to also grab some $RMRK (hoping a drop to ~26), $MOVR (~290) and potentially $SOL (~175).
Resistance held in at 4550 before the drop to ~3900 (lower trend limit). A continuation could put us into the 'danger zone' (orange) which I have capped at a low of 3600.
Wouldn't be surprised if this occurred as it aligns with the weekly MACD prediction; I also felt that the recent breakout was earlier than expected and that weekly MACD re-divergence would occur sometime EOW (see past posts for better clarification). Another factor that could influence this drop is Black Friday/Cyber Monday sales for liquidity.
In yesterday's post I didn't think $ETH would hit 5k until next month (past predication is 4500 EOM), however the timing of this Covid announcement seems a bit skeptical based on recent price action; almost as if the market is getting regulated to make certain trends occur. A similar feeling of this occurred during the last dip when China re-banned crypto. I'm not really one for conspiracies, just my two cents.
*** Fortunately I sold 80% of my tradable alts last night due to certain indications on certain alts (aka $ENS). I still hold $SC and $DOGE although I really regret holding a memecoin at this time due to the $SB $SDOG 'rug'. On this dip I picked up more $DOT and $AURY, and I'm looking to also grab some $RMRK (hoping a drop to ~26), $MOVR (~290) and potentially $SOL (~175).
