There is no doubt that there are some financial issues worldwide, and that cryptocurrencies are not acting, yet, as a safe haven, rather it is following the market's general sentiment.
What you can see from the pictures:
Right side, there is the Renko chart. Preview resistance is broken, and the bricks are now under MA, confirming a downtrend in the next long-term period.
In the short term, a small correction might come, completing the probable price action from the left picture.
Left Side, the support level was broken and now the price is creating a flag pattern, that is retesting the preview support, which now has become resistance.
Entry: If the price will pullback at the resistance zone
SL: Above supply zone, or the dash red line.
TP: 3 times RR
Don't stumble trading. Trade Safe!
What you can see from the pictures:
Right side, there is the Renko chart. Preview resistance is broken, and the bricks are now under MA, confirming a downtrend in the next long-term period.
In the short term, a small correction might come, completing the probable price action from the left picture.
Left Side, the support level was broken and now the price is creating a flag pattern, that is retesting the preview support, which now has become resistance.
Entry: If the price will pullback at the resistance zone
SL: Above supply zone, or the dash red line.
TP: 3 times RR
Don't stumble trading. Trade Safe!