Man, I really wish I didn’t look at this chart right before bed—this thing looks like it’s straight out of a horror movie.
From what I can tell, we’ve got a monthly bearish inverted FVG lining up perfectly with daily resistance. There’s also a broken trendline on the daily, and right after it snapped, we got that sharp V-shape move, which looks like a classic retest—either of the broken support or the trendline that flipped to resistance.
To add to the bearish vibes, there’s a pretty obvious divergence on the daily chart. That’s not exactly comforting.
Honestly, I’m struggling to find anything bullish here. The only tiny hope is that the price doesn’t break below that daily trendline (the one marked in blue). If it holds, maybe—just maybe—we can reclaim the broken main trendline and turn that resistance back into support.
If anyone out there is deep into crypto and has thoughts on how to approach this kind of setup, I’d really appreciate your take. Could use another perspective right about now.
Note
It dosent look good tbhTrade active
yep we should panic at this point :(
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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.