HA HA THIS CHART STARTING FALLING AS I POSTED IT.
The magenta downtrend line most important line in this chart. It is a long term down trend line which was established going on 9 months ago. If we can break this magenta colored line, we will be in what I believe to be the beginning of the end of the bear market for crypto.
Breaking out of blue consolidation is ideal.
Breaking out of the lower consolidation framed by the magenta upper bound and the yellow lower bound will still signal a high probability that the bear market is ending.
Breaking below the yellow support and into the red colored area will give us a chance to fall toward 5K.
***Any information represented here is my opinion only and not intended to be used for financial gain. None of the information posted here is to be considered financial advice. Information posted here is strictly for entertainment purposes only. Please consult your financial professional before making any kind of investment. Investments can be very risky and any investor should educate themselves before investing by enlisting the help of a licensed financial professional. Past results are not indicative of future results in any construable way.***
The magenta downtrend line most important line in this chart. It is a long term down trend line which was established going on 9 months ago. If we can break this magenta colored line, we will be in what I believe to be the beginning of the end of the bear market for crypto.
Breaking out of blue consolidation is ideal.
Breaking out of the lower consolidation framed by the magenta upper bound and the yellow lower bound will still signal a high probability that the bear market is ending.
Breaking below the yellow support and into the red colored area will give us a chance to fall toward 5K.
***Any information represented here is my opinion only and not intended to be used for financial gain. None of the information posted here is to be considered financial advice. Information posted here is strictly for entertainment purposes only. Please consult your financial professional before making any kind of investment. Investments can be very risky and any investor should educate themselves before investing by enlisting the help of a licensed financial professional. Past results are not indicative of future results in any construable way.***