Δημοσίευση
$PEPE at crucial support ranging from the 6th of September; breakdown should be brutal.
Textbook downtrend since December, and the latest Lower High is the weakest so far, just a flat dead cat bounce style to be honest, easy to see on the Daily.
So, this meme is back to the zone it was when I was setting limit orders in case of a flash crash. And this smells like one, so my orders are there really low at $0.0-64.
If no breakdown and $ETH suddenly goes to $2850, then obviously this trendline will do its job as support.
Much better look on the 4 hr, obviously an uptrend but also inside a nasty rising wedge targeting $0.0-75 if broken down from.
So, ether has to hold its trendline, and it's all down to it, basically; it will dictate the next move here and on many other charts.
Liquidity Heatmap: obviously a lot of Liquidity 40-50% above, long term one, but that's tough for now under these conditions. So I'm watching and pasting a weekly liquidity, not much either side, a bit more to the downside, aligning with the levels mentioned.💙👽
Textbook downtrend since December, and the latest Lower High is the weakest so far, just a flat dead cat bounce style to be honest, easy to see on the Daily.
So, this meme is back to the zone it was when I was setting limit orders in case of a flash crash. And this smells like one, so my orders are there really low at $0.0-64.
If no breakdown and $ETH suddenly goes to $2850, then obviously this trendline will do its job as support.
Much better look on the 4 hr, obviously an uptrend but also inside a nasty rising wedge targeting $0.0-75 if broken down from.
So, ether has to hold its trendline, and it's all down to it, basically; it will dictate the next move here and on many other charts.
Liquidity Heatmap: obviously a lot of Liquidity 40-50% above, long term one, but that's tough for now under these conditions. So I'm watching and pasting a weekly liquidity, not much either side, a bit more to the downside, aligning with the levels mentioned.💙👽
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