Hey traders 👋
This is not the first time I publish about a parabolic curve pattern. In my latest one on BTC, I shared that it would have gone to 42K+ with the parabolic(see attached idea).
This time, it is much more short-term, yet it is forming again.
This is my forecast 🪄:
1. it will go to about $48K+ (resistance area)
2. Drop to a maximum of 43/45K (key support levels)
3. Will go back up again to about 48K, or even more
Besides the parabolic curve, there are other indicators of a new uptrend:
- An almost perfect Bullish Gartley
- A failed attempt of a bearish breakout to an ascending triangle
- Promising MACD
- Classic RSI of a parabolic
Thank you for reading
This is not the first time I publish about a parabolic curve pattern. In my latest one on BTC, I shared that it would have gone to 42K+ with the parabolic(see attached idea).
This time, it is much more short-term, yet it is forming again.
This is my forecast 🪄:
1. it will go to about $48K+ (resistance area)
2. Drop to a maximum of 43/45K (key support levels)
3. Will go back up again to about 48K, or even more
Besides the parabolic curve, there are other indicators of a new uptrend:
- An almost perfect Bullish Gartley
- A failed attempt of a bearish breakout to an ascending triangle
- Promising MACD
- Classic RSI of a parabolic
Thank you for reading
