Cryptovizor data: TREND 🔴🔴🔴🟢🟢
MA 🟢 RSI 🟢 31.05.2023
1D Vol: 27.71M CD Week: -841.25K
Author: jpigeon84
Post-ascending impulse A-B, corrected B-C. This strong seller movement lacked volume, indicating a weak seller and absent buyer. Buyer interest at levels 1 and 2 wasn't sufficient to maintain the trend, endangering A-B
Support around 0.786 emerged. The buyer's first effective action post-correction created a local upward trend. Yet, local overbought circumstances revealed a limit seller within high-volume surge bar "3". Without a weak test of breakout bar "3" and local high update, no strong buyer can be confirmed
Conclusion: A return to 0.786 level presents another opportunity for buyer impact. Without it, a final break of impulse "A-B" is likely
