Short / Mid term - A path filled with resistance
Chart depicts the three most probable outcomes IMO.
Potentially multiple attempts to break $42,000, similar with 0.5 Fib level.
Structures suggest long-term holds still valid. Should we break to the downside from this pennant, a re-test of local low: $30,000 becomes probable.
Potentially multiple attempts to break $42,000, similar with 0.5 Fib level.
Structures suggest long-term holds still valid. Should we break to the downside from this pennant, a re-test of local low: $30,000 becomes probable.
Expect multiple attempts to break 20W SMA.