Bearish trend continues in Crypto. We had highlighted the bearishness sometime back.
Weekly charts had given a bearish MACD crossover sometime back. While the 30, 40 and 50 week moving averages are aligned, price is below them .
The daily charts clearly show the bearishness. All moving averages are bearish. Till the moving averages become bullish in the daily chart, let us not consider longs again.