While S&P500, including Tesla and Microsoft, showed some early positive progress in value, but we are awaiting to see how it would affect the crypto-market. Also there is a firm support line (MA=89) below the current trend, which prevents the price to fall further down. But on the other view, there is a divergence between the On-Balance-Volume indicator and the price value, which tends to decrease the price. Meanwhile, it is highly possible that the trading volume gets increased over a short period and causes a powerful pullback from the support line (the MA). Therefore the price value may go up as far as 27K-30K in short.
Comment:
The idea is for several months ago... Now the massive sell would make the chart to move further down...
