Hi, about 2 days ago I looked at this chart but I needed more time to publish my idea and now we can see that the price is stable according to MA so, as usual, The price will rise or fall but how?
According to my chart, drawing tools and indicator we have
2 black colored resistance lines that their background color opacity depends on how much are they strong. one of them has broken once and the other one broke twice
2 triangles that the price moves inside them
(1) if the price break the bigger one from down so it'll break the strongest resistance line in A according to my red Elliot correction line then *it's a very strong signal to sell
but if the price breaks the bigger triangle from top then it'll move to smaller one and we have2 possibility one of them is that (2) the price rise to B and will break the smaller triangle from top then it rises up to the upper resistance line or higher so *it's a strong signal to buy and the other is the price arrives at B then fall at C (3) if price break the smaller triangle from top it will rise to the upper resistance line or higher and *it's a strong signal to buy (4) if the price break the smaller triangle from down it'll break the strongest resistance line and will fall *it's a very strong signal to sell
When I checked chart closer I find out that the BB(Brown MA)is trying to cross the -blue-MA
Finally, we can see 2 very strong signals to sell and 2 strong signals to buy everything depends on the things that will happen in the future we can see it in RSI, should wait and watch but totally I think the price will rise to 8000$ after 2 weeks and to 12000$ after 1-2 months or more what's your idea? agree with me?
https://instagram.com/aliaseyyedi
According to my chart, drawing tools and indicator we have
2 black colored resistance lines that their background color opacity depends on how much are they strong. one of them has broken once and the other one broke twice
2 triangles that the price moves inside them
(1) if the price break the bigger one from down so it'll break the strongest resistance line in A according to my red Elliot correction line then *it's a very strong signal to sell
but if the price breaks the bigger triangle from top then it'll move to smaller one and we have2 possibility one of them is that (2) the price rise to B and will break the smaller triangle from top then it rises up to the upper resistance line or higher so *it's a strong signal to buy and the other is the price arrives at B then fall at C (3) if price break the smaller triangle from top it will rise to the upper resistance line or higher and *it's a strong signal to buy (4) if the price break the smaller triangle from down it'll break the strongest resistance line and will fall *it's a very strong signal to sell
When I checked chart closer I find out that the BB(Brown MA)is trying to cross the -blue-MA
Finally, we can see 2 very strong signals to sell and 2 strong signals to buy everything depends on the things that will happen in the future we can see it in RSI, should wait and watch but totally I think the price will rise to 8000$ after 2 weeks and to 12000$ after 1-2 months or more what's your idea? agree with me?
https://instagram.com/aliaseyyedi