Hello traders,
Your favourite stable coin might just be on the brink of a breakout. The volume profile indicates the price in control and it will be important to flip this level of resistance into support. I have taken this fractal from the last leg up. The pullback from the ATH is very similar to what happened when breaking the prior ATH (bull flag formation). Also, the daily RSI is indicating oversold levels and shows plenty of room for upside. In fact this was a very similar position when Cardano was bottoming out after reaching the prior ATH.
Breakout past price control and then aggressive move towards the current ATH, I predict a $5 towards the end of December.
Your favourite stable coin might just be on the brink of a breakout. The volume profile indicates the price in control and it will be important to flip this level of resistance into support. I have taken this fractal from the last leg up. The pullback from the ATH is very similar to what happened when breaking the prior ATH (bull flag formation). Also, the daily RSI is indicating oversold levels and shows plenty of room for upside. In fact this was a very similar position when Cardano was bottoming out after reaching the prior ATH.
Breakout past price control and then aggressive move towards the current ATH, I predict a $5 towards the end of December.