Price action is now back into support zone (Green) after bounce off the dotted trendlines but again trending lower.
It remains to be seen if prices will go back up after a sharp fall , or retest the up-going support zone (blue circle).
With many companies weary of promoting Cryptos (latest Ad-ban came from Twitter), imho, prices will go lower and remain in the purple descending channel for quite some time.
It remains to be seen if prices will go back up after a sharp fall , or retest the up-going support zone (blue circle).
With many companies weary of promoting Cryptos (latest Ad-ban came from Twitter), imho, prices will go lower and remain in the purple descending channel for quite some time.
