Here I sketched some of my lines. I made the double fibo zones at daily chart.
I will also wach weekly close. IF close in wedge, it's more south .
And while above the daily wedge, I will expect the retest of dotted grey line above .
Watch pink area too. It's strong zone now acting as resistance after 4 months with 2x 382 FIBO retracements !
Ain't easy to breakup. So I will stay neutral and rather watching .
I made also advanced MACD analysis . You need to maximize for closer look. There, signals broke above 382 retracement of Fibo.
After recent China bullish fundament about blockchain made death cross banding at faster 50 average to the upside. Exponential is faster and more flexibile.
But I don't wanna do any conclusions yet.
That's all , cheerz.
*This is not a financial or investment advice. Never trade/invest, by my personal ideas.
I will also wach weekly close. IF close in wedge, it's more south .
And while above the daily wedge, I will expect the retest of dotted grey line above .
Watch pink area too. It's strong zone now acting as resistance after 4 months with 2x 382 FIBO retracements !
Ain't easy to breakup. So I will stay neutral and rather watching .
I made also advanced MACD analysis . You need to maximize for closer look. There, signals broke above 382 retracement of Fibo.
After recent China bullish fundament about blockchain made death cross banding at faster 50 average to the upside. Exponential is faster and more flexibile.
But I don't wanna do any conclusions yet.
That's all , cheerz.
*This is not a financial or investment advice. Never trade/invest, by my personal ideas.
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At 4h candles, after strong impulse gold cross created. Pink territory hold in support formation . SO let's see what going happen .
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Nice holding above the edge of wedge. Will reamain ?
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Looking great, at weekly. Like breakout with now confirming above bullish wedge. But this is the year of false breakouts so we need to see holding above pink zone above, with MA21 weekly average.
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In my chart are drawed 2 main patterns. I mark it four you by white arrows.
It's the descending triagnle & falling wedge while is now confirming.
I set alert below the upper edge . Quite decisive situation.
It's the descending triagnle & falling wedge while is now confirming.
I set alert below the upper edge . Quite decisive situation.
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That's not very good . Will see if recover to the weekly close.
But looks dangerous.
But looks dangerous.