After the recent big dump, the shadow of the candle ends much lower than the candle's body. This fact tells us about the bulls' strength. Moreover, there was formed a resistance level at the $8565 mark. From this level we can see a number of strong sales. All these factors suggest us about a formation of a triangle, but currently we can see only a falling wedge - reversal pattern.
By the way, want to mention that the level $8270 stayed strong as we expected. Therefore, in case the resistance will be broken, we would see a pump up to the $10000 level. Local priority is upward, when the price will come to the end of the wedge. Globally, the price is located in the decline phase and we can talk about the growth only in case of $10000 breakout in the near future.
By the way, want to mention that the level $8270 stayed strong as we expected. Therefore, in case the resistance will be broken, we would see a pump up to the $10000 level. Local priority is upward, when the price will come to the end of the wedge. Globally, the price is located in the decline phase and we can talk about the growth only in case of $10000 breakout in the near future.
Klondike Official Links:
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klondikepro.com/
Public Telegram Channel:
t.me/CryptoKlondike
Twitter:
twitter.com/Robert_Klondike
Trade on Bybit with us:
partner.bybit.com/b/6694
Website:
klondikepro.com/
Public Telegram Channel:
t.me/CryptoKlondike
Twitter:
twitter.com/Robert_Klondike
Trade on Bybit with us:
partner.bybit.com/b/6694
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Klondike Official Links:
Website:
klondikepro.com/
Public Telegram Channel:
t.me/CryptoKlondike
Twitter:
twitter.com/Robert_Klondike
Trade on Bybit with us:
partner.bybit.com/b/6694
Website:
klondikepro.com/
Public Telegram Channel:
t.me/CryptoKlondike
Twitter:
twitter.com/Robert_Klondike
Trade on Bybit with us:
partner.bybit.com/b/6694
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.