The bears succesfully pushed their paws downwards. The price is now sitting at $1.50 which seperates the bears and the bulls territory. $1.50 was proven to be a strong resistance and it is being tested as a support right now.
To go below this price is highly unlikely. The price is moving through a falling wedge and we are at the apex. Moreover, we can see 200 MA...
The bullish momentum has been so strong, not even major FUD could stop the bulls. Tether FUD has hit the space and the most crypto exchange has just got hacked, yet she repeatedly bounce up.
As many believe this might be the start of a bull run, the chart shows that it is preparing to send the price plummet back down.
Many people thought we are ready for a moonshot due to 200 Weekly Moving Average that sits right at 3.000 area. However, they are neglecting the fact that we are still on phase two of the fractal. BTC is not stopping yet, she just takes her time to play inside the triangle before she continues her way down to the abyss.
A lower high has happened inside the pennant. Though, the market sentiment is pretty bullish but the chart shows otherwise. The markets have stumbled through its best time, but the worst has not came yet.
The volume keeps decreasing and thinking that we will break upwards with even lower volume is unlikely. The lower support at 0.786 needs to be tested one more...
On the larger picture, LTC is making a Cup and Handle. The bulls are moving through a channel and looking forward to complete the cup. The RSI is heavily overbought and showing a clear bearish divergence. The bears are lurking at the resistance, waiting to take the control in order to carve the handle.
TRON managed to find support at 0.5 Fibonacci and 100 MA Daily. It is moving through a falling wedge, and I believe the breakout is just a wave away. It still needs to have its little fun inside this wedge.