๐ $SIGN /USDT โ Chart according to Middle East conflict
0.052
โ
โ ๐ Panic sell (news of the conflict escalating)
โ ๐ป๐ป๐ป
โ ๐ป ๐ป
โ๐ป ๐ป
0.040 โโโค ๐ป
โ ๐ป
โ ๐ป
โ ๐ป
0.032 โโโผโโโโโโโโโโโโโโโโ (Weak sideways)
โ โ โ โ
โ Accumulating โ waiting for new news
0.030 โโโดโโโโโโโโโโโโโโโโ
๐ฅ Quick explanation (following the current situation)
The Middle East conflict (Iran โ USA โ Israel) is escalating strongly
โ causing shock to the entire financial market ๏ฟฝ
KuCoin
Crypto (especially altcoins like SIGN) are seen as risk assets
โ capital withdrawal โ strong dump similar to BTC and other altcoins ๏ฟฝ
The Times of India
In fact:
BTC has dropped significantly to around ~68k
Altcoins dropped simultaneously
โ SIGN dump is logical in the market
๐ง Reading the current SIGN chart
EMA is diving โ the downtrend has not ended
RSI ~26 โ oversold
Current price: ๐ Sideway around 0.030โ0.032
๐ Forming a zone of "accumulation after panic"
๐ฏ Next scenario (very important)
๐ฅ Bad scenario (conflict intensifies)
Oil rises, risk-off market strongly ๏ฟฝ
Wikipedia
SIGN may: ๐ Break 0.030
๐ Go to 0.028 โ 0.026
๐ฉ Good scenario (news of ceasefire / de-escalation)
Crypto bounces back strongly (short squeeze) ๏ฟฝ
Fortune
SIGN: ๐ Break 0.033
๐ Quick target 0.036 โ 0.038