Mean Reversion or New Trend?
October 27, 2022
To do this, I think Ethereum running up against its May 2021 lows is an excellent example.
If we're below these lows, it's rather difficult to get excited about this rally.
Guilty until proven innocent.
At worst, we're still dealing with a bear market. At best, it's a sideways, choppy mess.
When we get above those lows, we can reevaluate.
Until then, you have to say this is just another one of those fake-out moves.
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Allstarcharts Team