Cryptocurrencies are extremely volatile right now !
A triangle form has been observed in the chart and it is broken downwards. The target for this pattern is its previous trough. But ,there is a support line on its way down ,so if the support line wouldn’t be strong enough to support the chart ,it will fall to the previous trough and may go further.
We warn crypto investors and traders so many times that this market is extremely volatile due to its insufficient market cap. The total market cap for cryptocurrencies is about $2,6 trillion which is absolutely nothing compare to other financial markets such as US STOCK MARKET. (the assets for a single corporation in NASDAQ such as apple worth around $2,1 trillion)
A bad news or a flawed gossip could have some crucial impacts on the market so invest your money wisely.
We warn crypto investors and traders so many times that this market is extremely volatile due to its insufficient market cap. The total market cap for cryptocurrencies is about $2,6 trillion which is absolutely nothing compare to other financial markets such as US STOCK MARKET. (the assets for a single corporation in NASDAQ such as apple worth around $2,1 trillion)
A bad news or a flawed gossip could have some crucial impacts on the market so invest your money wisely.
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