OPUSDT cannot get out of the bears' clutches. The market continues to form its movement under the pressure of the downtrend. There are important events ahead that could shake up the trading community.... Bitcoin, as well as the rest of the cryptocurrency market continues to decline. Cryptocurrencies are not reacting to Trump's speech in any way, but traders are waiting for the U.S. rate cut in the hope that the encouraging data (0.5% decrease) will increase interest. But the 0.25% decrease will add weight to the bearish paw, which can only strengthen the already current decline.
Technically OPUSDT is forming a global bearish trend, the price is not allowed to update the local highs. The last retest ended with the formation of a double top, which led to a sharp decline.
Resistance levels: 1.469, 1.510, 1.544
Support levels: 1.431, 1.393, 1.3
The 1.431 area is holding the market back from falling, but a strong pre-breakdown accumulation is forming near this area with a target to continue falling. Watch out for the 1.430 trigger, a break of this zone will give downward momentum
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Regards R. Linda!
Trade active
Price has broken support, going down :)
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🌹TRADING is a CASINO💔!?
NO‼️
Join me, I'll guide you to PROFITABLE TRADING💵!
(don't copy, click on the links!)
🟢Telegram Channel: t.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: t.me/RLindaSignals
NO‼️
Join me, I'll guide you to PROFITABLE TRADING💵!
(don't copy, click on the links!)
🟢Telegram Channel: t.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: t.me/RLindaSignals
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.