A lot of alt coin charts are looking the same. Bearish price structure with indicators flashing bearish signals.
The daily RSI recent broke down out of a line of support it established back in December and it looks like we just had a bearish retest.
All of this combined with current market sentiment is telling me that there could be real capitulation before we break higher.
In my opinion we could head down to the falling wedge line of support before we break higher. Right now that support is at around $9.
The daily RSI recent broke down out of a line of support it established back in December and it looks like we just had a bearish retest.
All of this combined with current market sentiment is telling me that there could be real capitulation before we break higher.
In my opinion we could head down to the falling wedge line of support before we break higher. Right now that support is at around $9.