Most of the market is now in a bullish mood, if you look at the trading view, there are more ideas for long than for short. A lot of expectations from the bottom line of the triangle that it will hold the pressure of the bears. What if not? Then the road to the bottom line of the channel is open, and a panic mood can create avalanche-like sales. Of course, I do...
Bitcoin has broken the triangle down. Now the price is at local support, if it succeeds in consolidating price, Bitcoin will again go to test the downward trend line. If it fails, the price will go to test the major support.
ETH is possibly forming a growing wedge, if the idea is correct, then the price moves to the next resistance level of $ 232, from there there will be a breakdown of the wedge and correction of growth.
Your thoughts guys?
XLM made a strong exit from the local falling wedge and moves to the main downward resistance line, which is also the top line of the large wedge. I expect a slight pullback from the resistance line, and then break out and movement towards the targets indicated on the chart.
XRP moves between strong levels, now the price is trying to stay at an intermediate level of $ 0.266. If the price holds, then the target is $ 0.29, this is a very strong level at which the price will stop. If it does not succeed, then the price will go to the level of support.