1. Downtrend
2. On the Daily and Monthly timeframe you can see, that the volume is lower and lower
3. First resistance line is Fibonacci at 23.6%
4. Second resistance line is the daily 20 EMA which holds since days
5. Big resistance at ~4k
6. Big support is at 3475$ which creates a triangle with the daily 20 EMA
We will have a HUGE Breakout.. Expecting it in the next 10 days.. as there is no more room in the triangle.
A lot pump attempts failed in the last days. If bulls dont break through the first 2 resistances and cant keep the price stable above.. they will propably capitulate and we will fall to ~3200$ or even more.
What do you think about that?
2. On the Daily and Monthly timeframe you can see, that the volume is lower and lower
3. First resistance line is Fibonacci at 23.6%
4. Second resistance line is the daily 20 EMA which holds since days
5. Big resistance at ~4k
6. Big support is at 3475$ which creates a triangle with the daily 20 EMA
We will have a HUGE Breakout.. Expecting it in the next 10 days.. as there is no more room in the triangle.
A lot pump attempts failed in the last days. If bulls dont break through the first 2 resistances and cant keep the price stable above.. they will propably capitulate and we will fall to ~3200$ or even more.
What do you think about that?
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