In this chart, I’m analyzing Ethereum but the same goes for any mainstream crypto ( dogecoin isn’t mainstream)
In the weekly chart, the trend is still to the downside and the 20-day MA has penetrated the 50-day MA to the downside. The signal line, as well as the histogram, are . on top of that, momentum is crazy . the is below 50 and is way down.
We have to be honest with ourselves, the markets are turning down so false hope and speculative decisions on very unique timeframes are just gambling. be honest with yourself and plan out your trades. Trust me, I’ve been burned, one too many times in trading.
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