$RENDER update and we just saw the bull trap as predicted.

Whenever 200 ema crosses the 100 ema on daily, it is known as death cross or 21 and 50 ema on weekly. Slow moving ema takes over the fast moving one and it happens when price goes down.

Generally when the cross is about to happen or just happened we see a dead cat bounce into that which becomes a 'bull-trap' with price going down significantly or stuck in a range for a long time.

for e.g. here is the chart of $RENDER you can find similar setups on most of the other coins.

i think we just have seen the dead cat bounce and we are in for a couple of months more of this bleed or accumulation.