Chart decicated to all Watch2Earn and NFT fans, at daily chart.
It is still in downtrend contiunation ABC.
Bottom would be around FIBO 2.272 or somewhere here, in my opinion.
It also corersponding with yellow Bear Flag target estimation.
It is area and I can´t now exactly due to volatility and Bitcoin influcence.
So let´s monitor, how the buyers will react to BTC pivot.
Main point of reaction will be on the red line ( 50 average ).
Sooner or later.
Have a nice Christmass,
Emvo.
It is still in downtrend contiunation ABC.
Bottom would be around FIBO 2.272 or somewhere here, in my opinion.
It also corersponding with yellow Bear Flag target estimation.
It is area and I can´t now exactly due to volatility and Bitcoin influcence.
So let´s monitor, how the buyers will react to BTC pivot.
Main point of reaction will be on the red line ( 50 average ).
Sooner or later.
Have a nice Christmass,
Emvo.
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4h TF:
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Volume started its incline as Play approaching buy area:
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Volume rises. Monitoring daily 50 average :
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Retracement would be around its complete: