For every followers in Crypto square, the most imp question right now is
1)Can Alts get sold far lower than 2020 bottom?
2)Is it favourable to go Short on Alts at this price level
Timechain Coder
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$AAVE The green box order block level still continues to support, but the daily declining trend resistance has not been broken yet.
If it had risen to its current price level after wicking below the green box, I would have expected a better potential for an increase, but it is currently still at intermediate levels, not swept the liquidity and far from trend resistance.
The retest level of the last decline swing movement is 181. The first level it should close above on 4H is 175. If it can close above this, a test towards the current trend resistance level of 200 can be seen. Otherwise, 156 and 134 will continue to be sequential targets as the downtrend continues.
The current level it needs to make a daily close above for the daily trend to turn bullish is 241.83 and without breaching that level, I'll evaluate every rise a correction of the decline on the main trend.
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