We look at waves now we are no gods here we read what the charts are saying and then try to interpret it the best possible way, now I'd say am strongly bullish on this now that don't mean there won't be correction along the way,in crypto you can't ever say never so I will say it's a 75%-25% on my part so I don't rule out the fact that it's going to fall.so here are some factors why my decision is more bullish than bearish
1.structure- now we had quite a bit of accumulation on wave with a triple bottom set up finally flipping the resistance at 2.8 region then confirm the breakout.
2.Major sell zone flipped- The major supply zone at 3.06 was flipped to a demand zone.
Moving avarage- the 100 weekly moving average was claimed by waves and currently acting as trampoline giving it renewed strength
Trend-The overall trend support is strongly intact and that's the thick pink line on the chart .
The cycle-this one I don't have to even say much about as crypto 101
Sometimes take a look at the bigger picture, take a step back have wide view and open mind.
Trade safe,what are your thoughts lemme know in the comments below, always keeping it simple
1.structure- now we had quite a bit of accumulation on wave with a triple bottom set up finally flipping the resistance at 2.8 region then confirm the breakout.
2.Major sell zone flipped- The major supply zone at 3.06 was flipped to a demand zone.
Moving avarage- the 100 weekly moving average was claimed by waves and currently acting as trampoline giving it renewed strength
Trend-The overall trend support is strongly intact and that's the thick pink line on the chart .
The cycle-this one I don't have to even say much about as crypto 101
Sometimes take a look at the bigger picture, take a step back have wide view and open mind.
Trade safe,what are your thoughts lemme know in the comments below, always keeping it simple