| The Anchored VWAP from ATH with weekly candles has been acting as major resistance in this downtrend. Every time it rejects, we make another low. Just noticing a simple pattern here. I personally lean more to the bearish side short term due to the sheer amount of influencers and retail traders on other platforms declaring the bottom is in basically overnight. Huge red flag to me, but I will join the crowd I suppose if we close strongly above this level. This week will be very interesting to watch. [link] [comments] |
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