Altcoin downtrend breakdown, when to buy?
1. We have a downtrend with 3 touchdowns
2. We have constant squeezes, (blue arrows) where people think that this is the last fall and it will not go lower.
3. We have a slowing decline, and a breakout at the end of the year (December 2022) of the trendline
Taking all these facts, there is a good chance we could repeat a similar scenario.
In any case, for viola to start rising, it needs to break the downtrend line, this is the point where the downtrend break for viola forms.
2. We have constant squeezes, (blue arrows) where people think that this is the last fall and it will not go lower.
3. We have a slowing decline, and a breakout at the end of the year (December 2022) of the trendline
Taking all these facts, there is a good chance we could repeat a similar scenario.
In any case, for viola to start rising, it needs to break the downtrend line, this is the point where the downtrend break for viola forms.
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