Confluence Leads to $12kish Next Target?
At point A there are four different resistance lines intersecting, meaning we will likely retest 9.5k and then drop down to point B at ~8900. If that support line holds, then I think we should follow this pattern and then test the long term resistance line before gaining the 10.5k level.
Worst case due to the halvening in May we may see a very big sell off, hopefully short lived.
I also think we have a chance of going up because we've retested the 200 day MA and seemed to have gained it as a level, so to speak.
That's a short run down of what I think will happen, the chart will speak for itself.
Let me know your ideas in the comments below!
Worst case due to the halvening in May we may see a very big sell off, hopefully short lived.
I also think we have a chance of going up because we've retested the 200 day MA and seemed to have gained it as a level, so to speak.
That's a short run down of what I think will happen, the chart will speak for itself.
Let me know your ideas in the comments below!
Nota
welp this one didn't work out too well. We learn and move on
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Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.