Hello 🐋 based on the chart, the price is close to the descending channel resistance, resistance area and breakout of support to the downside completed 📖💡 for any other huge pump, we need more correction to the downside 💡📖 if the breakout of the first support area (25K) to the downside won't happen, we can see more gain from 25k 💡📖 but if breakout of the lower support zone(25k) be completed, we can see more correction to the downside at least close to 23k area and see more gain from 23k level 📖💡 and range candlesticks to the upside and downside before any other sharp movement is logical 📖💡
👌 Notice: pay attention to the price on shortcut chart (located under the main chart with black colour) 📖💡 Please, feel free to share your point of view, write it in the comments below, thanks 🐋
We are watching the same movement. It will take some time but it could be decisive.
TradingBrokersView
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Quality analysis and explanation of this scenario. Even if the opposite happens, the idea is well explained and that's all it matters in terms of technical analysis.
TheCryptagon
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Very useful assessment of the current market conditions.
Solldy
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Quite an unusual proposition for the current state of affairs. In general, it is possible if all arguments work out, so I will support this idea!