On the monthly timeframe, you can see that the price fell out of the upward channel, returned to test it from below, and then will form a new ascending channel, on the lower level with a lower angel. Otherwise, if bitcoin continues to grow at the same angle, it will cost $180k this year, but it's unlikely, isn't it?
This is 3D chart, a quick look:
1. ETH hit MA200 and get rejection (on the three-day chart this is the all-time average — so it's super strong)
2. MA200 is now at a level that has already been resistance and support for strong movements — the mirror level. This is a serious shit to the price
It can be seen that most of the time the price spent under this level
the main things here are the yellow trend lines: first 2011-2015, second 2015-2019
very similar patterns
So waiting for the start of the formation of the third line 2019-2023? or is the second trend line still valid and will be able to hold the price?
So, from above we have the H&S pattern — very dangerous situation, with a target of 0.0002 (-x6) in the case of broke of the level of shoulders. However, on the historical data, as you can see, BNB always came out the winner. It is also a very dangerous indicator of the whole market — if BNB goes under the shoulders level, it means a strong and long bearish trend...