The worst of the three this week. In the last report we gave a weak support level near the previous low, but in our judgment, the bullish power was too weak. Though the price did not fall further after hitting this support level, but it did not make any strong rebound.
Conclusion: Mostly falling. We set the previous second support level(70) as the current support level and keep the resistance level(90) unchanged. In the near term, the bears may attack at any time, while the confidence of the bulls is clearly lacking. The decline will continue and there is a high possibility that the price will hit the support level(70). How the bulls defend this level will determine how the subsequent trend changes.
If you have any ideas, welcome to communicate with us:)
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
Conclusion: Mostly falling. We set the previous second support level(70) as the current support level and keep the resistance level(90) unchanged. In the near term, the bears may attack at any time, while the confidence of the bulls is clearly lacking. The decline will continue and there is a high possibility that the price will hit the support level(70). How the bulls defend this level will determine how the subsequent trend changes.
If you have any ideas, welcome to communicate with us:)
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
