Brothers, this mountain stronghold is about to pull back!! Just do it!
After the price of $ALPINE surged to 2.2666, it has continued to close in the red, confirming a temporary top (this position happens to be the upper band of the Bollinger Bands), and it has currently broken below the psychological level of 2.0. The Bollinger Bands are opening flat and tilting down, with the mid-band (2.0111) turning into dynamic resistance, suggesting that the oscillation range has shifted from upward to downward driving.
The initial appearance of a MACD death cross: DIF (0.0016) has crossed below DEA (0.0035), and after the green bars have shrunk, they have turned red; bearish momentum is accelerating. Historical data shows that the average retracement of this asset within 3 days after a MACD death cross is 7.2% (statistical period: the past 6 months).
RSI three-line bearish arrangement: RSI6 suppresses RSI12 and RSI24, and all have broken below the 50 midline. This indicator has formed three topping divergences in the 30-minute cycle, suggesting a strong continuity of the decline.
The recent decline has been accompanied by increased volume (especially during the breakout of the 2.000 support level), indicating that the bears are actively exerting force, rather than merely undergoing a technical pullback.
If the price rebound cannot recover 2.011 (Bollinger mid-band + EMA24 overlapping position), the probability of the downward trend continuing will increase.
First target 1.900
Second target 1.82-1.80
An effective breakthrough of 2.15 requires a stop-loss; this breakthrough means the bearish structure is invalidated.
#美联储取消创新活动监管计划 #加密市场回调 #美国7月PPI年率高于预期
$PEPE $MYX