Good morning, everyone.
Last night, $BTC rose a little, but absolutely do not mistake this for a reversal after the decline.
The simple way to judge this is that it didn't even reach the previous high before being pushed back down again.
I think continuing to hold long positions without taking profits now is getting a bit bold.
You can treat the previous low as resistance—the red line.
A channel has actually formed here. Going forward, any price breakout from the channel is worth watching.
$ETH has formed a descending channel. Both the upper and lower channel lines are potential levels to trade, and any price breakout from the channel is worth watching.
As for ETH, the important support level below is 2000.
Regardless of whether it drops to 2000, we can be sure that it hasn't bottomed out yet.
Those positioning for the long term should wait for the 2000 level.
$HYPE has been performing somewhat out of step with the broader market over the past few weeks, but the overall trend remains unchanged.
This head and shoulders top isn't perfectly formed, but its neckline is quite obvious. Since the price has broken below it, we shouldn't be quick to turn bullish.
Of course, I won't turn bearish either, since I've been holding my long position in purr all along.
If I had to give a price level, it would be the rising trendline below. This trendline has been very reliable, and the level is around 68–70.
Last night, $BTC rose a little, but absolutely do not mistake this for a reversal after the decline.
The simple way to judge this is that it didn't even reach the previous high before being pushed back down again.
I think continuing to hold long positions without taking profits now is getting a bit bold.
You can treat the previous low as resistance—the red line.
A channel has actually formed here. Going forward, any price breakout from the channel is worth watching.
$ETH has formed a descending channel. Both the upper and lower channel lines are potential levels to trade, and any price breakout from the channel is worth watching.
As for ETH, the important support level below is 2000.
Regardless of whether it drops to 2000, we can be sure that it hasn't bottomed out yet.
Those positioning for the long term should wait for the 2000 level.
$HYPE has been performing somewhat out of step with the broader market over the past few weeks, but the overall trend remains unchanged.
This head and shoulders top isn't perfectly formed, but its neckline is quite obvious. Since the price has broken below it, we shouldn't be quick to turn bullish.
Of course, I won't turn bearish either, since I've been holding my long position in purr all along.
If I had to give a price level, it would be the rising trendline below. This trendline has been very reliable, and the level is around 68–70.
