Tremendous that image.
Post
Mister_KinG
ยท
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Bearish๐ $OP From $4.86 to $0.12: The Reality of the Cycle ๐จ
Tracking the massive correction since the Feb 19, 2024 high of $4.86.
Current Price: $OP $0.1287 ๐
Trend: Strong bearish momentum below all major EMAs. ๐
RSI(6): 12.17 (Extreme Oversold) โก
The chart shows a relentless downtrend, but at these RSI levels, are we finally nearing a local bottom or is there more room to fall? ๐ค
Strategy: Watch for a breakout above the EMA(7) before looking for entries. ๐ก๏ธ
#Crypto #TechnicalAnalysis #MarketUpdate #Binance
Tracking the massive correction since the Feb 19, 2024 high of $4.86.
Current Price: $OP $0.1287 ๐
Trend: Strong bearish momentum below all major EMAs. ๐
RSI(6): 12.17 (Extreme Oversold) โก
The chart shows a relentless downtrend, but at these RSI levels, are we finally nearing a local bottom or is there more room to fall? ๐ค
Strategy: Watch for a breakout above the EMA(7) before looking for entries. ๐ก๏ธ
#Crypto #TechnicalAnalysis #MarketUpdate #Binance
Disclaimer: Includes third-party opinions. No advice. Binance AI may be used without guarantee.ย See T&Cs.