EWTBTC - Broken Below Consolidation Range, Where's Next?
Well, the last time EWTBTC went this low was back in Aug '22, and before then the price was 40% lower than that! Are we going to see this piece of history repeat itself? There may be a few days or weeks of subtle ranging in the last pinch of triangle as pictured, but after this the drop could be quite large.
Alternatively, the drop might not happen at all, it may be a case that this drop is a slightly extended fake-out and the price will return to the (quite large) channel it's been ranging in for some months now.
Time will tell on this one!
Alternatively, the drop might not happen at all, it may be a case that this drop is a slightly extended fake-out and the price will return to the (quite large) channel it's been ranging in for some months now.
Time will tell on this one!
Comment:
Pretty accurate so far - are we going to see a drop below horizontal support now?
