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ethereum:0x514910771af9ca656af840dff83e8264ecf986ca
I haven't changed this chart in some time. Looks like we bounced perfectly off this support near $7.25. This reversal looks like a squeeze fakeout taking place (for those that don't know, this happens when a shaded yellow area ends up violently moving down and then immediately hits a reversal after in the other direction).
Matter of fact, this last reversal was confirmed. In addition, there's a death cross incoming on the Weekly. It may take some time, but the last death cross is where it bottomed out, went sideways, and then broke back out towards ~$22. Let's see where this one leads next.