hey traders. the crypto market is really crab and vollality is going through the floor but bulls are still trying tu push up slowly. i see a ascending wedge pattern here. these kind of patterns are usually broken up but rarely price does the opposite. anyway as you can see that price's hitting up a flat resistance line on the other hand we have the higher lowes that means bulls are not giving up.
scenario 1: price break up the resistance and reach at least 8100-8200
scenario 2: price break down and reach at least 7200 levels which is also the fibo 0.768 of this upmove. if that happen i assume that pattern is a diagonal triangle pattern of the probable future eliot wave 1. this scenario may be a good one for a strong impulse wave 3
we'll see.
please add comments and dont forget to hit like.
scenario 1: price break up the resistance and reach at least 8100-8200
scenario 2: price break down and reach at least 7200 levels which is also the fibo 0.768 of this upmove. if that happen i assume that pattern is a diagonal triangle pattern of the probable future eliot wave 1. this scenario may be a good one for a strong impulse wave 3
we'll see.
please add comments and dont forget to hit like.
