Evaluating the last week’s price action on the 4-hour timeframe, it is evident that the price was under a heavy downtrend and got rejected at the 100-MA several times.
Spent output profit ratio (SOPR) is a well-known on-chain metric that can map the “Capitulation” phase in a bear market.
The short-term holders have been selling or moving their coins after...
Hello guys, analyzing today's price action, i see following scenarios.
First we must brake $47.650 level
Then test $49.800 level
After that i huge pump will come, or retest $48.000 level
Next level is $51.000
Price will drop $45.400 level
After a small correction, the price will drop $44.000 level.