- $30 is a key level, acted as support, broke below, resisted and tested again this week.
- The retracement distance in the EQ channel is measured and placed to the top.
- Prices has broken below the green box giving indication that down trend continues. Price has also broke below the EQ channel.
- This is further exacerbated by price breaking below the week washline indicating that all gains are washed out from the week's token burn.
- Should price finds support at 23.73 level, then there's a possibility of a right shoulder forming.
- A week close below 23.73 level would also washed away all the gains.
- Near term support as shown.
- The author has skin in the game.
- The retracement distance in the EQ channel is measured and placed to the top.
- Prices has broken below the green box giving indication that down trend continues. Price has also broke below the EQ channel.
- This is further exacerbated by price breaking below the week washline indicating that all gains are washed out from the week's token burn.
- Should price finds support at 23.73 level, then there's a possibility of a right shoulder forming.
- A week close below 23.73 level would also washed away all the gains.
- Near term support as shown.
- The author has skin in the game.
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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.
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.