Based on a long term trend line which bottomed at COVID low, this trend line has held ever since. We are currently approaching a pinch and I would consider the likelihood of upside as opposed to breaking this long-term trend an almost definite possibility with potential targets of ~$1.20 in the coming months with aims of reaching the downward forming pendant in...
Based on a long term trend line which bottomed at COVID low, this trend line has held ever since. We are currently approaching a pinch and I would consider the likelihood of upside as opposed to breaking this long-term trend an almost definite possibility with potential targets of ~$1.20 in the coming months with aims of reaching the downward forming pendant in...
We see here a possible longstanding trendline that has the potential for rejection. This could prove short-term bullish for the crypto markets on the USD pairing should this rejection play out.
We have seen some similarities between the the current bull trend and the previous 2017 bull trend, here is a analyasis of the Bitcoin Dominance chart.
