As I predicted in my published idea on the 5th of June, IVR broke the 5$ resistant strongly.
At the moment, IVR is going back to the 5$ to test the price again. However, I believe this price mark will act as a trampoline.
If you are familiar with Fibonacci Retracements tool, you will notice that the 12$ was around the 0.618 mark of Fibonacci tool. And in my...
IVR spent about a month dipping under the 3.32 resistant line. However, that resistance is now broken. IVR has reached the 5$ price mark two times since March, and now I'm positive that IVR price is going to break the 5$ price mark very soon! As people usually say: "Third time's a charm". Put your helmet on and ride safe my friends!
Will BTC jump over 15k? Possibly!
However, there are still two challenges ahead:
(1) Diagonal resistant zone and
(2) Strong resistant zone at around 11k
Good luck to all traders out there and stay safe during this Covid-19 pandemic.
I'm thinking of three scenario (indicated 1, 2 and 3 on the graph) may happen.
1 - Price's going down below 2.60$.
2 - Price's heading to the support zone at around 2.60$ then bouncing back to the 4.95$ zone.
3 - Price will be injected with a few doses of red bull, will break the resistant zone at 4.95 and will head to the 12$ zone.
I'm exited to see what's gonna...