History repeats itself. As we can see, the euro against the dollar since 1979, every 16 years, reaches its peaks both lower and upper. Surprisingly, the figure 16 is not only here, if 61 (the angle at which the rate is rising) flips, we will get again 16. What is this?
It is possible to break the triangle down, because the currency is quite high, then if you want to buy it, be careful, use stop-loss or wait for the breakout of the upper line of resistance.
For purchases and sales focus about Fibonacci lines, they will fit the lines of resistance and support.
Fundamental - At the end of March (namely the 31st day) planned four news: 1) NEW DPOS CONSENSUS 2) BLOCK REWARD DIVISION TO THE PROJECT WALLET 3) DECENTRALIZED EXPLORER RELEASE 4) FULLY STABLE SIDECHAIN Technical - Any way, the currency is now low relative to the previous peaks. The existing tunnel crosses the support line, which coincides with the 0.236...
Now is a very good point to enter the middle or long position. As we can see over half a year made massive purchases of the currency, it is a nice signal, which means that there are big plans for it in the future. Of course, the phrase "Buy now or cry later" is a joke. Act at your own discretion. Alternative option: expect a bullish confirmation and then buy.
As we see the bitcoin price, each time after reaching its peak, it falls (by 35%) to the MA 120 (level 0.618 of Fib retracement) and grows by 150%. This is already a common scenario for Bitcoin. Well, now it will drop to 5,000 and it's not hard to guess what will be its next peak - it's 12400. After that it will fall to 8000 and so on, until unknown what will stop it.
IONBTC is now at its minimum level 0,00013-0,00015 and it may be safe buy or wait for closing the triangle.
QTUM is now close to crossing the line of resistance and support line, so there are two possible options from this place: A - it breaks the red line, which means confirmation of the bulls; B - it breaks the first line of support, goes to the second, after which again the confirmation of the bulls. If the second line of support is passed, it will go to the main...
A little time left to see what will happen with Bitcoin. If it breaks the bottom line of the uptrend pitchfork, then it may fall by 3000. If it breaks the upper line of the downtrend pitchfork, then it's possible to grow by 4700.
We should wait for a bullish confirmation when the triangle is broke