Made by aerobean #STG 1D

Cryptovizor data: TREND 🟢🟢🔴🔴🔴 MA 🔴 RSI 🔴 22.05.2023

Volume 1D 3.34 M CD Week -1.99 M

The market didn't follow the previous analysis, as STG dropped below the 12-hour MA200 and tested the trendline, reaching $0.57 support and the 0.786 Fibonacci retracement level. We might see a "Double Bottom" pattern in the making. If confirmed, this could hint at a corrective move towards $0.8, the POC of the initial upward impulse. However, if BTC corrects further and $0.55 support breaks, a drop to $0.42 could be expected. Always complement this data with other tools and signals for decision making.

#trading #crypto2023 #analysis #cryptotrading