⚪ In April, ANTBTC underscored the significance of the 7960 satoshis support level, with robust buyer interest evident. This trend persisted, recurring multiple times since January 2021. Subsequently, from April onward, the price has maintained a consistent uptrend trajectory, enclosed within a megaphone pattern.
⚪ Over the past week, ANTBTC has witnessed a retracement against BTC, nearing the uptrend trendline. Price currently resides within a zone of particular interest, offering the prospect of an uptrend continuation. This potential scenario hinges on ANTBTC remaining within the pattern, potentially resulting in an 88% price increase.
⚪ The calculation of this potential uptrend aligns with a critical supply zone that coincides with the apex of the ascending channel and the megaphone pattern. This juncture acts as an exceptionally crucial resistance and supply zone for ANTBTC.
Hi, I think there is a chance that the price may stay inside the megaphone pattern and upward range you mentioned, as one of the important signals for analysts is the gradual rise of the highs
except that there might be a market trap in the form of a false break of local support.
CryptoPAMM
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@RLinda, Actually I also think it will stay inside pattern. But with a high probability of touching the higher boundary.
except that there might be a market trap in the form of a false break of local support.