This fib channel has been doing work.
It happens to have perfect confluence with the 9.6k weekly resistance.
So the idea is simple: we go to 9.6k, then a small correction to low 9ks - high 8ks, then 11.5k which is both on the weekly & monthly chart a big resistance level.
There are many ways to come to this conclusion, but this fib channel indicates it in a...
This is a beautiful and clean chart and that's why I'll let the chart do most of the talking.
So to keep it short and simple:
- didn't make new historic lows
- we had an accumulation range
- broke out of range on high vol
- first tiny resistance became support
It doesn't get more clean than this.
I'm targeting 187 sats (the 0.5 fib).
However you could play it...
Alts are popping left and right.
This one is lagging behind, but it'll pump soon enough. And there is no resistance anywhere in sight.
Unlike a lot of other coins, Loopring didn't make historic lows in the bear market.
It's been in a trading range for quite a while. Volume has been increasing. This coin is clearly being...
I'll keep it short and simple.
Before we dropped from 6k there was a very clear descending triangle forming.
Bitcoin kept making lower highs and support kept getting tested over and over again.
A lot of rookies don't seem to realize this, but the more support gets tested, the weaker it becomes.
We are now seeing the mirrored version of this.
We're in an...