Here are my reasons:
As you can see from the chart, a triangle has broken from above. Pullback happened. So we possibly can see a pump tho to the upcoming halving.
Look at the trendline, which is correctly supporting the graph.
There is a possible channel if you draw it yourself(I wanted the chart to be clean, so I removed it), and the trend is at the bottom of the channel.
The trend is above my EMSs.
I have an excellent risk to reward ratio here.
We are above Weekly Support.
My next target is 0.786 Fibonacci level.
If you like the idea, please hit the like button and subscribe to the profile to not miss my updates. The information given is never financial advice. Always do your research too.
Goodluck
As you can see from the chart, a triangle has broken from above. Pullback happened. So we possibly can see a pump tho to the upcoming halving.
Look at the trendline, which is correctly supporting the graph.
There is a possible channel if you draw it yourself(I wanted the chart to be clean, so I removed it), and the trend is at the bottom of the channel.
The trend is above my EMSs.
I have an excellent risk to reward ratio here.
We are above Weekly Support.
My next target is 0.786 Fibonacci level.
If you like the idea, please hit the like button and subscribe to the profile to not miss my updates. The information given is never financial advice. Always do your research too.
Goodluck