Hello everyone!
As you can see on the chart the price movements are narrowing down and squezing for over 200 days, technically forming a triangle which waits for its break. With lots of news which is aimed to be done within this year(Before 31 December) - source: coin market calendar- and markets sentiment, its first resistance area is yellow box on the chart.
For bad scenerios, support area is white box.
If you want some coin to be analyzed by me, please write in the comments.
Have a nice day!
As you can see on the chart the price movements are narrowing down and squezing for over 200 days, technically forming a triangle which waits for its break. With lots of news which is aimed to be done within this year(Before 31 December) - source: coin market calendar- and markets sentiment, its first resistance area is yellow box on the chart.
For bad scenerios, support area is white box.
If you want some coin to be analyzed by me, please write in the comments.
Have a nice day!
Bigger picture!