Ok everyone
We have 2 different scenarios:
1. From beginning 2020 we have a major baseline (which is named in the chart) and as you see the process had 7 interactions with the line. So, the line support is important.
At the end of the process there is a Blue Rectangle. That is an important algorithm name DUBBLE TOP pattern. Like its name it has 2 top points and 1 low point. To be short, if the neckline (I showed it in the chart – $ 16158.90) breaks (I mean if a candle closes below the mentioned number) then it gives us a target, which is $13299.67
2. As we can see, there is a long-term Triangle pattern and the process just passed from the higher black line. So, we can expect a pullback to the line (~ $16828.00) Then continuing ascending process to $ 22050 which is the target of the triangle pattern.
That was just a simple technical analysis regarding any act of whales and fundamental basics.
Be safe
WEAR MASK
We have 2 different scenarios:
1. From beginning 2020 we have a major baseline (which is named in the chart) and as you see the process had 7 interactions with the line. So, the line support is important.
At the end of the process there is a Blue Rectangle. That is an important algorithm name DUBBLE TOP pattern. Like its name it has 2 top points and 1 low point. To be short, if the neckline (I showed it in the chart – $ 16158.90) breaks (I mean if a candle closes below the mentioned number) then it gives us a target, which is $13299.67
2. As we can see, there is a long-term Triangle pattern and the process just passed from the higher black line. So, we can expect a pullback to the line (~ $16828.00) Then continuing ascending process to $ 22050 which is the target of the triangle pattern.
That was just a simple technical analysis regarding any act of whales and fundamental basics.
Be safe
WEAR MASK