Strap in cause we are going to go for a ride. Forget the double bottom at 6k. We need to hit a fib level of 0.118 @ 4.99k for it all to be over but we won't stay there that long. See the two orange rectangles and the same sequence patter. We are in the second half of falling towards the bottom. We have seen some ALTS hit FIB LEVELS of 0.118 and started to start new trends towards a slow and steady climb out of their own bearish triangles. Summary prediction: Will drop hard to 4.99k to get our 0.118 FIB LEVEL bounce back and head towards the blue dotted trend line. Then this bearish winter will finally be over.
This analysis is for educational purposes only and not financial advice.
The Unicorn of the Sea
- Narwhal
This analysis is for educational purposes only and not financial advice.
The Unicorn of the Sea
- Narwhal
Trade closed manually