Drop to $19,000

Jul 29, 2022

Due to the weakness at the break of $24,000, the double top pattern is formed, the ascending channel is broken from the bottom, and the $19,000 support is tested.

Aug 1, 2022

Comment

So far, the analysis has progressed correctly and the price has been rejected from the range of $24,000.The next step that we have to wait for is the bottom of the channel, where there is a demand range at the price of $21,300, and if this price range breaks, it will be prepared to retest at $19,000.