Note: This chart is tied to Bitcoin dominance and moves accordingly.
The trendlines have been lost, the price has dropped, and it has reached a support level. Such strong trends, when they come to an end, usually result in a pullback to the trendline or the broken levels.
Currently, the price may pullback to the supply zone and then enter another correction and drop, which could cause altcoins to turn green again.
Targets are marked on the chart.
A daily candle closing above the invalidation level will invalidate this analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
The trendlines have been lost, the price has dropped, and it has reached a support level. Such strong trends, when they come to an end, usually result in a pullback to the trendline or the broken levels.
Currently, the price may pullback to the supply zone and then enter another correction and drop, which could cause altcoins to turn green again.
Targets are marked on the chart.
A daily candle closing above the invalidation level will invalidate this analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Trade active
This index has reached the supply zone. Its bullish movement caused a correction in altcoins.Now, it could get rejected downward from the red zone.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
🔆To succeed in trading, just enter our Telegram channel:
Free membership: t.me/Behdark_EN
🔷Our Telegram channel has daily spot and futures signals 👉 t.me/Behdark_EN
💎 Exclusive signals are only shared on our Telegram channel
Free membership: t.me/Behdark_EN
🔷Our Telegram channel has daily spot and futures signals 👉 t.me/Behdark_EN
💎 Exclusive signals are only shared on our Telegram channel
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.