- Current contraction period in triangle
- Expect breakout to either up or down direction, breaks bounded between 24-30k USD based off immediate triangle contraction pattern
- A few supports and resistance lines well align with Fibonacci Retracement from last major upswing and previous lowswing
- More likely scenario move upwards due to bullish longterm, medium term, and short term uptrend
Bearish scenario:
- Very slight momentum divergence in the later up swings (likely due to the first being a strong impulse, however good to keep note of this)
- Watch Retracement Levels along fibonacci along with the 24k low, expect support along previous consolidation levels
Bullish Scenario:
- Expect to break out to near $30K
- Expect a strong resistance to $30K barrier as well as a potential correction phase between there and $20K, particularly if further momentum divergences found or breaking under long moving averages
- Expect breakout to either up or down direction, breaks bounded between 24-30k USD based off immediate triangle contraction pattern
- A few supports and resistance lines well align with Fibonacci Retracement from last major upswing and previous lowswing
- More likely scenario move upwards due to bullish longterm, medium term, and short term uptrend
Bearish scenario:
- Very slight momentum divergence in the later up swings (likely due to the first being a strong impulse, however good to keep note of this)
- Watch Retracement Levels along fibonacci along with the 24k low, expect support along previous consolidation levels
Bullish Scenario:
- Expect to break out to near $30K
- Expect a strong resistance to $30K barrier as well as a potential correction phase between there and $20K, particularly if further momentum divergences found or breaking under long moving averages
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.