As commented in the previous post. TOMO reversal to South commenced till the 1.618 of the bearish divergence move. That held the coin for some time forming eventually a descending triangle with no convincing signs of bullish reversal that ended up by breaking down the triangle as we can see.
Free fall is happening now with no solid ground till the S/R level at 4500 sats, at which I expect reversal signs to show in form of bullish divergence in small then larger timeframes. If that didn’t hold then we are going down to 3500 sats (square Zero)
There is bullish divergence forming now in 1H timeframe but I’ll be cautious about it as volume is still low.
Will reassess at 4500 sats if reached...
Free fall is happening now with no solid ground till the S/R level at 4500 sats, at which I expect reversal signs to show in form of bullish divergence in small then larger timeframes. If that didn’t hold then we are going down to 3500 sats (square Zero)
There is bullish divergence forming now in 1H timeframe but I’ll be cautious about it as volume is still low.
Will reassess at 4500 sats if reached...
