Best case scenario - If we hit 53-54k there is still hope we're in a bull market. We can look at new levels once we hit the 53-54k target.
Worse case scenario - We break 48k we can start to look at 44k and 41k. After that its new territory for all traders as we have never seen:
- 2 failed breakouts after a new All Time High(ATH) after halving
- No december Alt...
The 2 red lines are key areas that the Holochain price needs to break to enter price discovery. After the Local High(LH) there is no level to trade on and we should see new levels being created at a higher price.
If you look at the BBands(20) you will see they price is always leaving the bands which it usually corrects itself with volatile price action. The 4hr shows we have not broken the cloud and TK cross is imminent. I bought at ~$4 and i'm going to let it do its thing without over-analysing candles which is keep seeing other people doing. $7+ should keep an eye on...
