Hi guys, I am a bit late with the analysis since we had busy days, profits taking, big news hitting the crypto market. Overall fundamentaly bullish.
Technically, we broke out of my pink triangle and hit the first technical target, while the full technical target is 57k usd in the short term(following 2 weeks).
So far everything played out nicely even though it was pushed by news from Elon and Tesla.
We will be facing resistance moving through 48/49k since we have big trendlines that we broke down earlier before, and will need good buy momentum to pick it up.
Not financial advice.
DYOR.
Cheers!
Technically, we broke out of my pink triangle and hit the first technical target, while the full technical target is 57k usd in the short term(following 2 weeks).
So far everything played out nicely even though it was pushed by news from Elon and Tesla.
We will be facing resistance moving through 48/49k since we have big trendlines that we broke down earlier before, and will need good buy momentum to pick it up.
Not financial advice.
DYOR.
Cheers!
