Exaggerated news
So I have seen alot of news about cryptocurrencies lately, calling it a marketcrash. Also have read about people panic selling and there is alot of FUD going arround.
It seems that people just want to believe in the extreme things and like to exaggerate alot just for the sake of conversation. But hey.. I guys humans are irrational beings.
Exchange ban
Also fear of exchanges getting banned like in south korea, but I also read a post about it being soften out, because of the backlash of negative feedback about the ban.
Where am I going with this post? Well, just showing you guys that if you look at the monthly chart of Coinmarketcap. You can see a nice pull back to the peaks of last weeks. Landing perfectly on a very strong support line.
Your opinion?
So what do you guys think? Are we going to break through this support line and maybe.. enter a bearish era? :( or test the support line a couple of times and move back up.
Let me know in the comments, im curious what you guys think.
Have a great day!