We have broken the teal resistance at the same location as the 4H most recent high, came back down for a retest/confirmation and bounced. Then we tested teal again and bounced. Now it is looking like we should push up. Target around $0.63 (resistance line of previous highs) as well as the 1.618 Fib level. A more optimistic view and not terribly unlikely could see us break the previous resistance line and hit around $1 (Psychological level to sell at I imagine) then fall back to the blue (previous high line) to confirm as new support line before heading to a few dollars. At this point I am honestly leaning more towards the $1 level and a breakout since it is looking a lot like alt season and tons of big money is pouring into crypto.
If teal breaks down, expect a drop to pink then potentially green line, but personally I lean towards the bullish outcome.
If teal breaks down, expect a drop to pink then potentially green line, but personally I lean towards the bullish outcome.
Comment:
Sorry, late on updating. Clearly we had the upward movement, but continued consolidating after. I pulled out and looking to buy around the 47 cent range if looks promising. If not, maybe 42 cents
