I used a curves that follow a set of rules to produce lines of support and resistance and confluence points. It is a derivation of the fib circles but the goal to capture more pivot points per curve.
Currently price sits on a support curve, the RSI shows bullish divergence and is squeezing against the long term downward trendline. A break out is expected which will lead to a surge of price to the confluence point at around 30k.
Currently price sits on a support curve, the RSI shows bullish divergence and is squeezing against the long term downward trendline. A break out is expected which will lead to a surge of price to the confluence point at around 30k.
