Salaam
We are below local resistance on the daily basis after the sell-off on the 13th of April.
Also, there is a triangle pattern broken to the downside, we could consider some rise as a pullback.
If the triangle works, expect 20-30% down on some altcoins.
By the way, as triangle patterns are subjective, local resistance is mostly important.
close daily candle above the resistance will discard this scenario.
I'm bullish now, even going for the downside move and waiting for the move to refill my bags.
and saw many broken patterns on the macro view on many coins. so, I'm not telling you to go for a sale.
good luck
We are below local resistance on the daily basis after the sell-off on the 13th of April.
Also, there is a triangle pattern broken to the downside, we could consider some rise as a pullback.
If the triangle works, expect 20-30% down on some altcoins.
By the way, as triangle patterns are subjective, local resistance is mostly important.
close daily candle above the resistance will discard this scenario.
I'm bullish now, even going for the downside move and waiting for the move to refill my bags.
and saw many broken patterns on the macro view on many coins. so, I'm not telling you to go for a sale.
good luck