Crypto Technicals Remain Gloomy While Fundamentals Make Headways: What’s Next? [Video]
|Here’s an overview of what’s been going down in the crypto world this week.
Bitcoin and other altcoins in top 100 saw a bit of a relief on Wednesday and Thursday, but our technical indicators suggest the bottom is yet to arrive. Taking Ripple’s XRP as an example, versus the USD, the price action on the daily chart shows the Double Top bearish reversal pattern is not yet completed. The pair has also broken below the Ichimoku cloud. The combination indicates we may see further drops towards the next key support level at 0.2636.
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