Another volatile correction for the crypto market as Russia invades Ukraine. Signs seemed to be pointing towards a dip imo and the recent news may have been the trigger.
On a positive note critical support held in around 2370 with a 2300 low which still keeps us within the bat pattern. If price can maintain above this zone into early March then we may be in for a reversal, although rather unlikely.
Supports are labeled out as short-term critical (solid black), long-term critical (solid red) and tentative (dashed), however if we continue to drop then anything from here to 2k is fair game.
On a positive note critical support held in around 2370 with a 2300 low which still keeps us within the bat pattern. If price can maintain above this zone into early March then we may be in for a reversal, although rather unlikely.
Supports are labeled out as short-term critical (solid black), long-term critical (solid red) and tentative (dashed), however if we continue to drop then anything from here to 2k is fair game.
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