Made by jpigeon84 #ACH 1D
Cryptovizor data:
TREND 🔴🔴🟢🟢🟢 MA 🟡 RSI 🟢 31.05.2023
1D Vol 12.43M CD Week -2.91M
Post "0-B" strong ascent, a deep "B-C" correction occurred. The buyer missed a final opportunity to uphold the upward trend at 0.786 level, failing to set a new high
Comparing buying waves "A-B," "C-D," "E-F" clearly shows the weakening buyer impulse across spread, volume, progress, and results. The buyer's strength depleted from point "1"; "E-F" wave transpired as a normal reaction with low volume. The final buyer attempt at "F" failed
In contrast, selling waves "B-C" and "D-E" display strong, comparable seller strength. Downward movements are swift and without significant pullbacks
Seller's strength is dominant, indicating a probable continuation of the downtrend
