trading around this trend line several years later omg.....
panabas
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maybe
but also this is a triangle
LetsBeMillionaire
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and how did you come to this conclusion? how do you know that its going to breakout? it may hit your resistance line and come down too....
cryptokaleo
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@LetsBeMillionaire, true, it might. This was a lazy af explanation of my analysis. I'm looking to accumulate in the 57-60 range (green box). I'll start to take profit when we hit the diagonal resistance (oval) in case we do crash back down.
IMO though this looks like an elliot wave triangle, which indicates a likely break of diagonal resistance after completion of the E wave.