Cryptos are in one of their best moments, as they are getting the attention of the whole world, and that means that markets get volatile, if we get to manage that risk efficiently, we could achieve our financial goals.
This analysis is self-explanatory, even though, we can cleary see that this downward trend started with a pattern of change, Shoulder-Head-Shoulder, from there, we lived a 15+ days of continuous bearish days, until we hit the last resistance ( with prices greatly down the 200SMA) we could see a not that cleary wyckoff accumulation pattern. This pattern confirmed itself with a few test and springs, but the great confirmation was the breaking of the triangle(support and resistance) of the last month.
During this time, prices started recovering, and creating new resistances that are worth maintaining during the next few trends.
I hope this helps you get a different view of the current situation.
Hope you have a great day!!
This analysis is self-explanatory, even though, we can cleary see that this downward trend started with a pattern of change, Shoulder-Head-Shoulder, from there, we lived a 15+ days of continuous bearish days, until we hit the last resistance ( with prices greatly down the 200SMA) we could see a not that cleary wyckoff accumulation pattern. This pattern confirmed itself with a few test and springs, but the great confirmation was the breaking of the triangle(support and resistance) of the last month.
During this time, prices started recovering, and creating new resistances that are worth maintaining during the next few trends.
I hope this helps you get a different view of the current situation.
Hope you have a great day!!