This is a bullish idea with drop back down to support at 6350 and another pump up. The redline is an idea from Hussain Zabir here on trading view. It is very interesting that this red trendline have shown very strong support and resistances. Every time price action breaks above the price pumps. I expect a retouch of that redline which corresponds to the support of the falling widening wedge at $6350. Price should rebound strongly and might breakout of the falling widening wedge because it would have touched it 5 times. Measured move of the break up is around $8050.
the last touch at $6350 will produce a third bullishly divergent low just like before the October mega pump.
the last touch at $6350 will produce a third bullishly divergent low just like before the October mega pump.
