We just broke out the downtrend channel and we are now forming one of those either the huge bear flag or starting to lift up from here. We should stay in the uptrend channel/bear flag until Stoch & RSI cools off and we retest the 3600 support level or go even lower.
Crypto Fear & Greed Index is currently sitting at 63. Everything signals for a drop
Do your own...
We are now at the lowest RSI on weekly since Jan 2015. In my opinion we are now witnessing a beginning of a new small bull run back to it's previous support (now resistance) of $6000 ish.
This is not a financial advice tho. Do your own research
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