Channel is from 2017 top, middle of the channel with 13 weekly candles support and resistance.
When we break the main trend line (from 69k) and confirm it with good volume we will head up again maybe to 48k region then pullback then to test ATH, based on the giant channel, the bottom will be maximum by 12th Dec.22 at 10-11k bottom, unless we broke main trend line with a fat confirmation.
When we break the main trend line (from 69k) and confirm it with good volume we will head up again maybe to 48k region then pullback then to test ATH, based on the giant channel, the bottom will be maximum by 12th Dec.22 at 10-11k bottom, unless we broke main trend line with a fat confirmation.
Comment:
So we broke the trend with low volume. we may go side ways or small pump to 28k then down to 18k again or lower to 14k. I still believe we will visit channel bottom or even maybe fake out. unless market fundamentals changed which i really doubt.
Comment:
same thought on back Nov.2022, and the longer we take to touch channel bottom the higher bottom we will have.
or breaking trend line with low volume and go sideways forever!