2-Week Time Frame:
Is it a good sign a new daily candle opens ABOVE the upper boundary of our descending channel? Sure... However, I'm a bit reluctant to say it indicates we may be leaving this downtrend. I would prefer we at least go up to my 0.786 FIB as pointed out in this note in the 3-Day TF:
Agreed... The 2-Week TF definitely looks promising. ; )
I have become more dependent of indicators in Technical Analysis (TA) rather than Fundamental Analysis (FA). This does not mean I ignore FA. I simply find TA to be more relevant than FA when providing trading analysis for crypto. So, my opinion provided in this publication leans more toward what I see in my TA rather than what I see in FA.
Sure... And always appreciate your support, JK.