The current downtrendline and the green trendline which originated 2017 are creating a kind of symmetrical wedge situation. I think this situation will lead to a squeeze around June. From there on the pattern we saw 2017 could repeat and lead us to around ~26k by the end of the year.
As always, no investment advice! Just some ideas :)
after the last rejection from the downtrend lin, we now move towards a major make-or-break point.
If we break the downtrend we could see return to the 61.8 % mark, otherwise a fallback to 50% mark is very likely.
As always: No financial advice, just some ideas!
second major downtrendline broken, next target is major resistance at 12k (my opinion). Uptrendline and first major downtrendline meet also at ~12k.
if rejected at 12k, possible fallback to ~9k (return to march 17 trendline)
As always: No investment advice, only some thoughts! :-)
