In my last analysis, I said that a bear flag was forming and the price would dip. As predicted, some hours ago, the price dipped and broke the bottom line of the triangle to find a support of around 3780.
Although the price reached 4000 now, the price still in a triangle, and the volatility is forming another bigger bear flag in 4 hours timeframe. So, In my opinion, the price will dip again in next few days, but before this dip, the price may go up to test 4200.
So, let's see how the price move in this triangle in next few day.
Although the price reached 4000 now, the price still in a triangle, and the volatility is forming another bigger bear flag in 4 hours timeframe. So, In my opinion, the price will dip again in next few days, but before this dip, the price may go up to test 4200.
So, let's see how the price move in this triangle in next few day.