Another 9 assets from the TOP 200 have entered a sustained downtrend on the 3-day timeframe.

At the same time, a new report from P73 CryptoMarket Monitor also shows potential low labels on this timeframe for 6 assets. But this signal is not widespread enough to attach much significance to it. Moreover, the list of assets with low labels contains no major or well-known assets. There are some among the assets with fresh downtrends, however.

The full list of these assets is available to Monitor subscribers, and we’ll show you a third of them. These are #BCH, #BNB, and #ZEC. The base and additional targets, potential breakdown levels, and liquidity zones are shown in the screenshots.

And it’s immediately clear what BCH, BNB, and several other assets out of the nine have in common: the price has reached liquidity zones and is testing them. This will certainly make it harder for bears to reach their new short targets. Bulls will defend the liquidity zones, although the situations differ here too. For example, BCH has only just reached these zones, while BNB risks consolidating below them and is holding in the zone by a hair.

ZEC, having broken through the psychological $1,000 level, deserves special attention and a post of its own. But overall, there’s nothing surprising here. Back in September, while some bloggers on X were whipping holders and new buyers into a frenzy and predicting a run to $3,000, we made an unpopular bearish forecast for the asset on September 19, when it was trading at $1,542: "...the rise in #ZEC could end before the end of September, after which the asset will enter a VERY long and strong correction..." As we can see, everything is going according to plan.

Whether there’s a bounce or not, the asset’s price is now pointing to a continuation of the correction, and the $932 and $753 targets certainly don’t look far-fetched. And we shouldn’t rule out a move toward the third target, $574, on some FUD.

As for the market outlook overall, new downtrends on the 3-day chart are latecomers. Dozens of assets in the TOP 200, including BTC and ETH, are already in a downtrend on this timeframe. All these downtrends confirmed our August–September expectation that October and November would be corrective months. However, we did expect a return to growth at some point in November. Mass downtrends on the 3-day timeframe make that prospect look remote. But they do create the perfect setup for the hard-dump scenario we’re expecting as a final flush. And we’re keeping another 1/3 of the conservative investment portfolio’s deposit ready for it.