The sea of red in the crypto world today. The coins in the sample printed some prominent bearish combos. Let’s name them, starting with the strongest.
$BTC and $Solana made 3-day Tower Tops, one of the most bearish multi-candle formations.
$DOGE, $DOT and $MATIC completed bearish Engulfing on 3-day charts.
$ADA confirmed bearish Engulfing on a 1-day chart.
$XRP confirmed Dark Cloud Cover on a 3-day chart.
$Theta formed a Dark Cloud Cover on a 3-day chart, pending confirmation.
The overall picture is rather gloomy with the signs of bullishness yet to be found. A continued move down has much higher odds across the sector.
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