Hi Guys!
As we see on this 1 D chart now on Coinbase, it is pretty complicated drawn, but there might be some interesting formations forming...
Huge ascending triangle or ADAM & EVE formations?
I think we might really form an A & E if we continue the trend to the upside now. A healthy pullback till 3500 areas retesting the prior resistance will play out now in the next 1-2 days.
But there is also a lot of resistance at the 3800 areas, where the 50 D MA meets the price. If we are rejected now and go down back to 3,4 k areas, then I guess, we will visit the absolute lows of 3,1 k areas or might go even lower.
Upside targets first 3850, then 4200
Downside targets first 3400, then 3200
Let's see...
Happy and safe trading!
*This is not financial advice, this is only an idea. Do your own research and act on your responsibility.
As we see on this 1 D chart now on Coinbase, it is pretty complicated drawn, but there might be some interesting formations forming...
Huge ascending triangle or ADAM & EVE formations?
I think we might really form an A & E if we continue the trend to the upside now. A healthy pullback till 3500 areas retesting the prior resistance will play out now in the next 1-2 days.
But there is also a lot of resistance at the 3800 areas, where the 50 D MA meets the price. If we are rejected now and go down back to 3,4 k areas, then I guess, we will visit the absolute lows of 3,1 k areas or might go even lower.
Upside targets first 3850, then 4200
Downside targets first 3400, then 3200
Let's see...
Happy and safe trading!
*This is not financial advice, this is only an idea. Do your own research and act on your responsibility.