Consolidation phase: evidently in the past movements is at consolidation phase. perhaps will try the resistance levels until 21.8k. weekly RSI is oversold but doesn't show full bear market weakness.
Hi @BitBaeB! Thanks for your idea! Mostly agree however my targets are based on the different support/resistance lines: - retesting the resistance line at Target 1 level and, possibly, breaking it - retesting of the previously broken support line at Target 2 level
Mostly agree however my targets are based on the different support/resistance lines:
- retesting the resistance line at Target 1 level and, possibly, breaking it
- retesting of the previously broken support line at Target 2 level
TradingView idea:
Higher time frame (4h) chart image: