Ascending wedge carried throughout the year established foundation for parallel channel when price entered into $2700 range. Despite substantial gains, this current bull run has largely been contained at or below the channel midline, with some testing above.
Trends intersecting through channel appear to present critical points of resistance and support. End of intersection with dashed line may signal a decisive break downward should we not be able to establish control over that line before hand.
Credit to PlutusX for target price, which appears to remain within reach.
Anticipating confirmation towards end of month. Expecting more horizontal movement over the coming week as price sorts through the intersecting trend line.
Trends intersecting through channel appear to present critical points of resistance and support. End of intersection with dashed line may signal a decisive break downward should we not be able to establish control over that line before hand.
Credit to PlutusX for target price, which appears to remain within reach.
Anticipating confirmation towards end of month. Expecting more horizontal movement over the coming week as price sorts through the intersecting trend line.