DISCLAIMER: I don't actually own a crystal ball but this is my analysis based on my understanding of wave theory in combination with ProwdClown's indicators on multiple time frames.
I expect channel breakdown to hit 1.20 at least.
Just how price action behaves.
The chart says it all.
From there we'll see how it develops further.
This is what I believe price action is doing right now.
Improved visibility from my previous chart.
Chart is pretty self-explanatory.
Chart says it all.
I expect an exit pump to 10 USD before retesting the lows. Here's why:
Get your shorts ready!
Tried to paint it as clear as possible. Credits to @Weavs844 for the idea.
Pretty straight forward chart. Open position at 6400 and close at 6900.
The current uptrend cycle within the triangle is running out of steam and a new downtrend cycle is about to begin, so breakout of the triangle is expected to be on the downside.
Chart speaks for itself.
Simple TA. Wait for confirmation.
Or maybe this will turn out completely different, idk judge for yourself. My bias is towards long because of the KAMA bands and RSI.
So much confluence!
Maybe bounce at 180. If it breaks that support then the next fib line is at 115...