We can see price oscillating between 2.2 - 2.6T in a channel, hinting at a possible bullish BOS on Daily TF.
Daily Fib lvls, showcasing bullish activity at 0.382 creating a daily Demand Area.
on 4H, price made LHs and HLs creating a bullish Pennant Structure that has been broken out of.
Our RSI on the left indicates a strong trend and the market is currently overbought at 92, hinting at recent in flow of cash, to strengthen the bullish Trend which was turning bearish.
On Wed, 10/04 I anticipate major market moves after News and inflation rates. Higher rates might be a good thing for crypto projects that actually contribute to the community.
So I'm long on certain projects with intention of HODL.
Leave your thoughts in the comment section, thanks.