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Analyst: Market Shifts from Aggressive Bearish Pressure to Neutral Bullish Outlook

Summary: In a recent post, CryptoQuant analyst Axel Adler Jr. stated that since the end of July, the SMA-120 line has reversed its long-term bearish trend and crossed above the zero axis. A similar attempt a week ago failed. The market has now transitioned from aggressive bearish pressure to a neutral bullish outlook. If the SMA-120 ...

In a recent post, CryptoQuant analyst Axel Adler Jr. stated that since the end of July, the SMA-120 line has reversed its long-term bearish trend and crossed above the zero axis. A similar attempt a week ago failed. The market has now transitioned from aggressive bearish pressure to a neutral bullish outlook. If the SMA-120 can continue to stay above the zero axis in the next two days, it will confirm this trend reversal.

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Link: Analyst: Market Shifts from Aggressive Bearish Pressure to Neutral Bullish Outlook [Copy]

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