DOWN WE GO!
From my technical analysis i am looking for price to hit $4! Reason for this is price smashed through a good level of support (red zone) Price has now been and retested this broken support as resistance both yesterday and today, this is confirmation of more downside moves to come for me.
We can also see we had a strong trendline formed which also broke and also got retested as support! Now these 2 signals alone are strong, but when they line up like these ones have this just confirms to me that we could see that push down to $4 range very soon. What i mean by this is price retested broken support as resistance at the same time it retested the broken trendline as resistance!
Also line this up with more downside moves on BTC and ETH i am expecting, a stronger USD and a large percentage of BAYC NFTs ready to get liquidated as collateral on some lending platforms the only way is down for me.
From my technical analysis i am looking for price to hit $4! Reason for this is price smashed through a good level of support (red zone) Price has now been and retested this broken support as resistance both yesterday and today, this is confirmation of more downside moves to come for me.
We can also see we had a strong trendline formed which also broke and also got retested as support! Now these 2 signals alone are strong, but when they line up like these ones have this just confirms to me that we could see that push down to $4 range very soon. What i mean by this is price retested broken support as resistance at the same time it retested the broken trendline as resistance!
Also line this up with more downside moves on BTC and ETH i am expecting, a stronger USD and a large percentage of BAYC NFTs ready to get liquidated as collateral on some lending platforms the only way is down for me.