Made by jpigeon84 #WAVES 12H
Cryptovizor data: TREND 🔴🟢🟢🟢🟢 MA 🔴 RSI 🟡 21.05.2023
Volume 1D 1.13 M CD Week -1 M
The buyers show notable weakness, barely able to test the seller's breakout level. Their only advantage lies in their ability to form a local range without setting a new low, following seller liquidity capture. Despite giving the buyer another opportunity for range continuation, I'm inclined towards further downward momentum.
Clusters indicate a dominance of selling activity. Current purchases aren't effective, and trading volumes remain critically low. This all points towards a prevailing bearish sentiment.
