- It is a common thing to test the previous all time high (in this case from 2018) on the weekly chart. - Last weekly candle has a huge wick, which is definitely a good sign for all bulls! - 200 moving average is a strong support and the price is currently sitting on this level, which provides us with a good buying opportunity. - 0.382 FIB retracement is also a noticable support level on the LOG scale. - As per my Elliott Wave analysis - ABC correction should be completed on the macro scale and now we are ready for another bull market! - We have a falling wedge - bullish reversal pattern or a bullish flag on the weekly chart. - Indicators: RSI oversold and MACD first bullish tick. - There is a tremendous confluence to buy cryptocurrencies at this moment! - Look at my ideas about Bitcoin and Ethereum in the related section down below ↓ - For more content, please hit "Like" & "Follow"!
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.