Here is a great example why I always check the horizontal support levels for confirmation after we break a trend or pattern.
Here we see how we broke to the downside from the trendline that brought us above the neckline of the w pattern.
However, we bounced on the horizontal support/neckline, hence my target of 53k remains the same.
Here we see how we broke to the downside from the trendline that brought us above the neckline of the w pattern.
However, we bounced on the horizontal support/neckline, hence my target of 53k remains the same.
Will be interesting to see how the opening of the trad. Markets will affect the crypto market in this last week of 2021.
The bull market support band is currently around 51700 to 52700