Daily thoughts on the market from the CryptoPrime team 08/18/2023:#marketoverview#Web3 #token
#BTC We worked out the bearish scenario from yesterday’s review and even lower, breaking through the support of the rising wedge for 1 Week. I think that in the near future we will go down to 200DMA 1Week at $25,400-25,700. After which the price will retest the broken global slope to approximately the level of $28,100, from where we will continue the medium-term decline to $20K.
#ETH The price yesterday failed to return beyond $1800 and the long-awaited breakdown of medium-term upward support, which was mentioned in each of our reviews, took place. From the level of $1550, the buyout began noticeably. In the near future, there is a possibility of a retest of the 200DMA 1D at $1800, followed by a continuation of the decline. Such growth with a retest is only possible if the cue ball grows, even locally. Otherwise, we will continue the correction from current positions. Be careful and make decisions independently and with a cool head.
Profits and informed decisions to everyone!