Which crypto are you looking at today?
Continued selling in the cryptocurrency markets pulled the total market capitalization below $800 billion on Nov. 21. Traders are increasingly nervous about the extent of damage FTX’s collapse may have on
However, Billionaire investor and hedge fund manager Bill Ackman said in a Twitter thread on Nov. 20 that crypto was “here to stay with proper oversight and regulation.”He alsoto “greatly benefit society and grow the global economy.” If the price turns down from the downtrend line but does not slip below the 20-day EMA, it will suggest that bulls are buying on dips. That could increase the likelihood of a break above the downtrend line.
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