Hello, Skyrexians!
Despite we expect the alt coin's dominance bottom at approximately 25th of April some altcoins like
ARBUSDT can continue the bear market even further. Looking at the price chart we found the most likely and realistic scenario.
Let's take a look at the daily chart. Here we can see that on the Awesome Oscillator price has not crossed zero line and this is extremely bad. There is a high probability that currently asset is not in wave 5, but in wave 5 inside 3. This subway has the target $0.15-0.27. We suppose that $0.27 is our case. We will see the bounce in wave 4 soon to 0.38 Fibonacci and then the new deep dive to $0.2 in the wave 5. We pointed out the most conservative targets. Price can go even lower, but in our experience it's not likely because the max targets leads to price below zero.
Best regards,
Skyrexio Team
___________________________________________________________
Please, boost this article and subscribe our page if you like analysis!
Despite we expect the alt coin's dominance bottom at approximately 25th of April some altcoins like
ARBUSDT can continue the bear market even further. Looking at the price chart we found the most likely and realistic scenario. Let's take a look at the daily chart. Here we can see that on the Awesome Oscillator price has not crossed zero line and this is extremely bad. There is a high probability that currently asset is not in wave 5, but in wave 5 inside 3. This subway has the target $0.15-0.27. We suppose that $0.27 is our case. We will see the bounce in wave 4 soon to 0.38 Fibonacci and then the new deep dive to $0.2 in the wave 5. We pointed out the most conservative targets. Price can go even lower, but in our experience it's not likely because the max targets leads to price below zero.
Best regards,
Skyrexio Team
___________________________________________________________
Please, boost this article and subscribe our page if you like analysis!
Access private PineScript strategies and turn alerts into orders with easy-to-set up bots
Trade smarter with:
skyrexio.com
Trade smarter with:
skyrexio.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Access private PineScript strategies and turn alerts into orders with easy-to-set up bots
Trade smarter with:
skyrexio.com
Trade smarter with:
skyrexio.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.