Loss of supports after multiple daily rejections from EMA resistance.
We are following through with the bear breaks from a couple weeks ago, after lots of sideways trading.
There is a lack of support in this range for most names, as we look down to the lows.
Names like ETH are getting hit much harder than BTC the last 12+ hours.
short term oversold bounces look to hourly EMA resistance, then 4 hour, then daily... remember the "zoom out" game.
Aggressive bulls are looking for quick oversold scalp flips, Bears are very comfortable with market weakness.
Remember, if playing bullish against all trends on all time frames... odds are against you!
We are following through with the bear breaks from a couple weeks ago, after lots of sideways trading.
There is a lack of support in this range for most names, as we look down to the lows.
Names like ETH are getting hit much harder than BTC the last 12+ hours.
short term oversold bounces look to hourly EMA resistance, then 4 hour, then daily... remember the "zoom out" game.
Aggressive bulls are looking for quick oversold scalp flips, Bears are very comfortable with market weakness.
Remember, if playing bullish against all trends on all time frames... odds are against you!
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Improve your TA with our free ebooks chartguys.ac-page.com/lp-all-ebooks?utm_source=tradingview&utm_medium=social