Crypto markets got decimated in the last couple of days!
Not only crypto but all risky markets!
It was obvious and check my related ideas in the links below!
Collapse of Terra also affected the market and caused panic when investors were looking for a reason to dump!
So here comes to dump! Insane amount of it!
Blue box on the bottom of the chart is an important support area which around 1800-1880.
For around 1.5 years price test this area as support and resitance number of times.
Today we brokeout below of 1800 but buyers stepped in around 1680 area!
IF 1800-1880 area cant hold the line, we have a really big problem!
Price can go down rapidly.
Important support zone
1880
1679
1576
1398
1260
Not only crypto but all risky markets!
It was obvious and check my related ideas in the links below!
Collapse of Terra also affected the market and caused panic when investors were looking for a reason to dump!
So here comes to dump! Insane amount of it!
Blue box on the bottom of the chart is an important support area which around 1800-1880.
For around 1.5 years price test this area as support and resitance number of times.
Today we brokeout below of 1800 but buyers stepped in around 1680 area!
IF 1800-1880 area cant hold the line, we have a really big problem!
Price can go down rapidly.
Important support zone
1880
1679
1576
1398
1260
