Hello, the ceiling of the ascending channel was rejected
We see a wedge pattern in the daily time frame
which can indicate the fall of the market
We see a berarish engulfing pattern in the candles
And it can give us a warning about the market falling
It is always expected that the bottom of ascending channels will be broken
The 20-day moving average is breaking
And if we do not recover quickly, the market will move towards the 50-day average
Do not hold any altcoins open
We are in an important resistance area
But let's assume that this move is a trap
So we have to look carefully and enter in the right place
Good Luck
We see a wedge pattern in the daily time frame
which can indicate the fall of the market
We see a berarish engulfing pattern in the candles
And it can give us a warning about the market falling
It is always expected that the bottom of ascending channels will be broken
The 20-day moving average is breaking
And if we do not recover quickly, the market will move towards the 50-day average
Do not hold any altcoins open
We are in an important resistance area
But let's assume that this move is a trap
So we have to look carefully and enter in the right place
Good Luck
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