$ALCH and $FOLKS
Both charts look weak.
Price is moving down.
Sellers are in control.
Overall view
The trend is down.
Small bounces are getting sold.
Buyers are not showing strength yet.
Price broke down and kept falling.
There hasn’t been a real bounce.
Lower highs and lower lows are still forming.
If price moves back above 0.178 – 0.180 and holds, it could move toward 0.188 – 0.195.
If it stays below that area, price can drop toward 0.170.
Price is slowly moving lower.
Every small rise gets sold fast.
Buyers are quiet.
If price holds above 3.80 and breaks 4.30 – 4.50, it could move toward 5.00 – 5.30.
If 3.80 breaks, the downtrend likely continues.
Simple idea
No strength yet.
Wait for buyers to step in.
Let price confirm before acting.
