trying to reenter the previous bull run support
confuse we broek trough the 200MA 50 MA , and what i tough a descending triangle. Could we be in a channel. we touch the top of the channel and we cross 1))MA for a few times , and we could be rejected by previous support
we did break the 100MA weekly and now we are trying to form the descending wedge, i could see it going to bounce and test the 50MA weekly, reason under it is we are close to a death cross, that thend to rebounce price and drop harder after.
are we going to bounce again, if we bounce we will probably break the 200MA if we break 100 MA weekly with conviction expect a good drop.
i jut notice this curve presure from the top and bottom last time we did have this we broke it down and we retest the yellow curve before the last drop.
if we repea the patern we are in for a big drop in a few weeks.
small chance of a bounce
BTC figthing beteen 200 MA daily and 100 MA weekly. break of either two will decide the direction in the middle time.
a death cross in eth end up playing a good fall. I think we are in various supports, and in a possible big descending triangle,
200MA could be the next target, and confluence with a long previous support
posible 100MA daily target , previous resistence too. and we fail to break last time after was previously support.
posible inverse head and shoulders.
lots of confluence and resistences. long time support that was broken almost death cross 200MA 50 MA
similar strucure to last big drop in november