I'm seeing an ascending wedge that may exit bearish. I think we are also in a larger triangle with two low touch points and several high touch points. We may get rejected again just below 41k because of our larger triangle resistance as well as daily resistance. This would also form a double top.
Should the price start to drop, I can see a very well supported 34-35k area, which features the .618-.66 fib level, a daily support, as well as the bottom of our larger triangle. Could be our last stop in the mid-30s before we start the climb to ATH once again!
This is my first ever idea, so please let me know if it's batsh!t crazy.
Should the price start to drop, I can see a very well supported 34-35k area, which features the .618-.66 fib level, a daily support, as well as the bottom of our larger triangle. Could be our last stop in the mid-30s before we start the climb to ATH once again!
This is my first ever idea, so please let me know if it's batsh!t crazy.