Previously, I said this would be a slow bleed to death… it is bleeding critically now.
32 support was eventually broken and every shred of bullishness GONE.
Technicals are clearly bearish, and it’s NOT OVER.
Expecting a bounce about 25 in the coming weeks (within Oct). Last stop to consolidate else it can pretty much halve from there, worst case.
This was projected months ago… now it is walking the talk.
Good luck my friend.
32 support was eventually broken and every shred of bullishness GONE.
Technicals are clearly bearish, and it’s NOT OVER.
Expecting a bounce about 25 in the coming weeks (within Oct). Last stop to consolidate else it can pretty much halve from there, worst case.
This was projected months ago… now it is walking the talk.
Good luck my friend.
Note
Ended the week FURTHER DOWN, as expected.
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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.