Seems like the entire crypto market is in heavy correlation. This is ETHEREUM INDEX! Find similiar structure on ETHUSD chart and trade accordingly.
Same structures on BTCUSD, XRPUSD and ETHUSD. So all this applies to BTC as well.
At any case, we have enough DM qualifiers to define this as VALID and GOOD breakdown.
Max where price can go it is descending trendline and pivot (red line) retest...
Breakout projection points exactly where we will end!
PS When you trade use only the most recent price action levels. It is irrelevant what price did centuries ago!
This is my viewpoint and no financial advise.
Same structures on BTCUSD, XRPUSD and ETHUSD. So all this applies to BTC as well.
At any case, we have enough DM qualifiers to define this as VALID and GOOD breakdown.
Max where price can go it is descending trendline and pivot (red line) retest...
Breakout projection points exactly where we will end!
PS When you trade use only the most recent price action levels. It is irrelevant what price did centuries ago!
This is my viewpoint and no financial advise.
Never took this trade.