It's just broken below the neckline of the Head and Shoulders...
If we take the difference between the high and low of the pattern, you'll get the first target of 0.07446.
Most penny cryptos are in trouble as the major Cryptos are leading the pact. And so, with the winter continuing, uncertainty in the market, the collapse of Ethereum after the merge and with Crypto going into a more centralised situation - we can expect the little guys to fall.
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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