So lets start with cursory review of period from 23 of April. So, currently we see correction after growth from 117 (second reversal level after the downtrend began in early 2018), hight of this growth is 167.292 and now we see cup with handle (low of the figure 143.248).
Lets take a look on the support and resistance levels. Currently we see very strong support line build from second of three corrections of downtrend after 167.292. So this resistance level confirm "cup" and coincides another support level (RED one). Also we see wedge, this one is not that good as it could be, but we currently left wedge and MacD show us a pretty good perspective of growth. 153.355 this is level we should pass to confirm growth up to 167.361.
So, i expect for a good future for a 2-3 days.
BTW, as for me, at all i think that we can expect for a growth of all crypo growth because today is the last day of April futures on CME and investors will calm their BTC on 5th of May. Also, in my opinion we can expect for a new volumes on cryptocurrency markets, i believe thats people will return for a crypto after early year downtrend.
I'am going to add more charts soon.
Stay tune!
Please contact me via TW messenger if you want to somehow support mine project.
Lets take a look on the support and resistance levels. Currently we see very strong support line build from second of three corrections of downtrend after 167.292. So this resistance level confirm "cup" and coincides another support level (RED one). Also we see wedge, this one is not that good as it could be, but we currently left wedge and MacD show us a pretty good perspective of growth. 153.355 this is level we should pass to confirm growth up to 167.361.
So, i expect for a good future for a 2-3 days.
BTW, as for me, at all i think that we can expect for a growth of all crypo growth because today is the last day of April futures on CME and investors will calm their BTC on 5th of May. Also, in my opinion we can expect for a new volumes on cryptocurrency markets, i believe thats people will return for a crypto after early year downtrend.
I'am going to add more charts soon.
Stay tune!
Please contact me via TW messenger if you want to somehow support mine project.