85k in sight if descending channel breaks out
On the daily timeframe we have few candles trading off limits (decending channel) and therefore we could see a new impulse to new all time high.
On the weekly timeframe we are trading slightly off the limits but would not be enough (yet) to consider it a break out.
The possible HS pattern may not happen unless it starts to pullback, otherwise we need to assume at least a double top or new all time high scenarios.
You decide. All the best.
Disclaimer: I do not trade any cryptos, I'm just sharing my view for whom may find it interesting.
On the weekly timeframe we are trading slightly off the limits but would not be enough (yet) to consider it a break out.
The possible HS pattern may not happen unless it starts to pullback, otherwise we need to assume at least a double top or new all time high scenarios.
You decide. All the best.
Disclaimer: I do not trade any cryptos, I'm just sharing my view for whom may find it interesting.
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