TOTAL2, make or break! Double harmonics, critical trendline!
At a very critical point for alts
Bullish Case:
1) Two harmonics
2) bullish divergence on the hourly TFs forming
3) 100 DMA support
4) oversold on hourly TFs
Bearish case:
1) Broken trendline
---need to wick above it 2 be bullish
--- closing body of the candle below the trendline would start nearly a year long downtrend for alts (in my opinion)
2) overall, markets (not just crypto) have taken a turn to the downside
I AM NOT A FINANCIAL ADVISER, DO YOUR OWN RESEARCH!
Bullish Case:
1) Two harmonics
2) bullish divergence on the hourly TFs forming
3) 100 DMA support
4) oversold on hourly TFs
Bearish case:
1) Broken trendline
---need to wick above it 2 be bullish
--- closing body of the candle below the trendline would start nearly a year long downtrend for alts (in my opinion)
2) overall, markets (not just crypto) have taken a turn to the downside
I AM NOT A FINANCIAL ADVISER, DO YOUR OWN RESEARCH!