As you can see in the chart, we are now near the most sensitive price range where we can see dump or pump bits.
Personally, my opinion is that the price correction starts from 58,400 to 59,100 and continues up to 48,800, and from there, according to the line I drew, it goes for $ 70,000, which is equal to the ascending channel ceiling and the psychological number...
If we return from this area which is equal to Fib 1.618 previous wave
Resistance levels of 43k and 48k are available, the first of which can be pullback to Moving 200 daily and the second is equal to Fib 0.618 correction of the last wave.
Given the positive divergence in the MACD indicator and the positive reaction to the 0.618 Fibonacci area, if the downtrend line is broken and the price can stabilize above the Moving 20 Daily , we can expect growth up to the uptrend channel.
Due to the increase in daily trading volume and the increase in BLZ marketcap and the transition from the uptrend triangle pattern, Targets 1 and 2 are fully available, and in case of failure of the resistance area of the second target, it is possible to achieve the third target in the long run.
Due to the divergence in the MACD indicator, we expect to have a decline to the bottom of the channel, and if the channel floor does not break, we can see the beginning of an upward trend to the range of $ 53,000 to $ 55,000.