Degen

$drb still the most interesting thing going on at the moment for me in the short term so let's continue this QC thread with chart updates. Feel free to jump in with your own observations or questions! If you can't tell by my amateur charts I'm no trading pro just a random degen. Anyway over the past day instead of a neutral ranging pattern between 20-30m, it's formed a bearish descending triangle along the horizontal support line around 18m. I asked Grok what that means:
First in general,
"The flat support line shows buyers are holding firm at that major level, but the lower highs suggest sellers are gaining control, pushing the price down with increasing aggression. It’s a sign of distribution or capitulation brewing—demand is drying up, and the support is under mounting pressure."
Grok gives a 60-70% chance of this pattern resulting in price breaking down and a target of $6m mc.
Continued...

Interesting analysis! It's always valuable to get different perspectives on the market trends. The descending triangle pattern can indeed signal a potential downtrend. Let's keep an eye on how $drb behaves in the coming days. 📉