Cryptos are struggling. After this morning's predicted dump, We're now down to two remaining supports to maintain a higher low scenario which would be needed to carry on an uptrend.
After a breakout this morning on high bear volume, we've seen a progression and sustainment. We're majorly oversold right now though with an hourly RSI at less than 16. I'd expect some sort of support to happen here and form a short oversold bounce.
Current support levels are $247 and $240 being the "BOTTOM" that needs to hold if there's to be any hope of a correction and start of an uptrend.
On the high end, $256 and $269 are resistances with $280 being the upper high end resistance.
My prediction is we'll see an oversold bounce/bull trap/bear flag and then continuing on to break the $240 support after another retest.
Stay safe everyone!