There might be short-position opportunities in the coming days. Further analysis coming after analyzing a bit more data :D
Fundamental: The inflation havent reached consumers yet, we have had money (savings) from Covid. We will see more "cold" winter now, as the inflation finally starts to decrease the purchasing power. The inflation decreases but not quick enough and debt will be taken. There is a possibility to a bigger recession if the debt is too much for banking systems...
Bad scenario I have analyzed a lot of data from previous market crashes and this idea matches best to the previous ones Have to remember, this is the one that is extremely bearish! Please comment your thoughts, thank you!
We can see small correction in 4-6 days (MACD clear indication) After that small upforward trend, we will be tryin to go close to last lows (12-14.5.2022). Also (from BTC); Same thing as Fantom, btc macd gives crystal clear data that the upward momentum is coming Straight signals also from RSI keeps going up after that small downfard spike.
Quick analysis regarding fantom. In my opinion there will be a small bounce back in 1-2weeks, RSI oversold. Small correction is probable, (not over 0.53 price, resistance is strong there). After that we might see price go sideways for next couple months. (0.25-0.42 price range, there is really strong support in 0.25-0.26). I would keep an eye on BTC, if it...
my think to litecoins future is very green. One more strong resistance to go. I think markets has enough momentum to break resistance, but if not litecoin (in my opinion) goes to last months average and in future has big potential to go up and break resistances. Comment if something is horribly wrong in my thinking.
New drop. Its 4th so could be very bearish, dropped over support and if it cant go back we can go very down to the next support.
Firstly, comment if Im wrong or something is wrong! 1. Tried to break resistance, not enough momentum. RSI was high (overbought) and momentum wasnt enough. Dropped again to support. It helds easily and started 2 2. Strong bullish move. Broke resistance but didnt hold this time. But still lots momentum and price didnt drop much. Second peak(continue still) tests...
Good information! Watch and learn!