DISCLAIMER: I am not a financial advisor nor certified analyst. All contents discussed on this blogpost are solely my own personal views and for Trading education/entertainment purposes only . Do your own research and due diligence.

With that being said, let's get into it;

1 Month Timeframe.

The current crypto market status is 'RED'

Using the one month timeframe, I easily spotted that we will eventually go beariish after there was a breakout on a major trend line towards a bearish path, and here we are.

Ever since we experienced the breakout, we've been on a bearish streak since then. Not only did we break out from the first support zone and went bearish, but we did break yet again another support zone as we went even more bearish.

The price we're at presently ($284) is quite surprising though. But what can we say, crypto is volatile.

Something to note down is that the next support zone we are heading towards is about $200. We're not that far from reaching there at this point of time. Hopefully we start a strong bullish movement after reaching that point.

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Until Next Time, Peace.