Many people are asking if alt will rise again. I will base my analysis on the 3D candle of btc.d to proceed to the next weekly candle.
Image 1: btc. 3D
After the first red engulfing candle, the next one is usually a doji dragonfly candle (with wicks on both ends) indicating uncertainty, and of course, opening the candle at the bottom of the red candle or a continued red 3D candle approaching support will gradually weaken to test supply and demand at support.
Image 2: the weekly red candle is quite long. Based on the 3D candle, you can predict that the next week will be a doji candle or another red weekly candle. Alt will rise again, especially for ETH.
Of course, there will be a correction at oversold levels. Today you can see that ETH has already been corrected.
According to the red weekly candle, the admin predicts two scenarios. Swing at the 3D support boundary and break support thereafter. The next week will be another red weekly candle.
