NFT Market Update 04/10/23

Charts, Analysis, Market Updates and more

Nakamigos:

Nakamigos currently in the golden pocket.

Reading the pattern, Macd has flipped bearish leading to this dip. However, we are currently holding strong support at previous low. Since regression was broken, there is a possibility to retest vwap however, that would result in a huge dump. Low probability.

Vwap dump:

Now the upward trend has been broken and without any consolidation here, a dip further is possible. Watch for consolidation and if that happens, would be a great entry.

On a good note, RSI is right down the middle meeting the criteria before each large pump.

Personal Thoughts: I believe we will consolidate here before a large swing back up to ath. Volume will return and 1 eth will be back in sight.