I just recently started charting a few months ago and this is my first publish on Tradingview so I would love to get some feedback! After the big downturn over night and this morning in the cryptos, I have made some slight changes and it seems to me we have three possibilities. The soonest possible recover requires a bounce off the most recent lows of this drop in the $183.00 area as a hope for support. If this does not happen and we continue further down, we would hope to find support along the channel and the previous low of $144 from the last time we saw a drop like this. If we drop below that weaker support it is 100% speculation from there. Again, I look forward to any feedback, advice, or creative criticism I can get of this analysis.
It could find support around $140.00. If it doesn't find support there, then it could find support around $98.00. We shall see. Just HODL
Artesp
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if you put the candlestick in 1-day width. I could see a shoulder forming and today, the head forming, of a downtrend reversal pattern. Around $180 could be the bottom of this reverse H & S head. One thing is for sure, reversal may happen tomorrow. be careful with low buy orders that may leave you behind with money at hand and no coins. I already made my move this morning and got back in at $188. Since I'm not an expert I would be hesitant to do it again and bet for a low bottom in the 140s. Watch for volume and RSI.