📅 27.05.2026 · Everyone Is Quietly Leaving Crypto ... (WTF?) · 👁️ 1
"If it's going to bounce, it's going to bounce right here. And that would invalidate the double top thesis here. But, it needs to bounce here conclusively. Okay, it needs to be decisive and and bounce decently. If it just kind of meanders around here, well, it increases the risk that we could see a bit of a further drawdown in the price."
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Iniciar sesión…However, we have that potential for a double top playing out here on the daily, which could send the price back down to this sort of 480 level, which is where price support was here, where the 50-day EMA was here. Now, watch out for this to close a daily candle under here, which it has not done yet. Currently, it's sitting right at the 20-day EMA. If it's going to bounce, it's going to bounce right here. And that would invalidate the double top thesis here. But, it needs to bounce here conclusively. Okay, it needs to be decisive and and bounce decently. If it just kind of meanders around here, well, it increases the risk that we could see a bit of a further drawdown in the price. Doesn't mean it's over. And I know what you're thinking, "Lark, but Zcash is Fedcoin." I really don't care what kind of coin it is. Okay, it's a coin that goes up in price, which is probably more than you can say about a lot of the coins that you may be holding in your portfolio currently. Going up in price is a good thing, believe it or not. Venu…