Just something I think is pretty cool. I ran a pitch fan from the highs of 2017 to the lows 3/2020 back to the highs in 2021 and the results are interesting. The middle TL has remained strong support after multiple tests over last 1 year. Also the fan seem perfectly symmetrical.
Loose the middle TL and targets shown below. 200 weekly ema $26K and lower green band support shown around $12k.
Maintain the middle support price zone around $34K and we head north to test upper green band around $57K & tops around $85K.
Break out of the fan and go parabolic.
Loose the middle TL and targets shown below. 200 weekly ema $26K and lower green band support shown around $12k.
Maintain the middle support price zone around $34K and we head north to test upper green band around $57K & tops around $85K.
Break out of the fan and go parabolic.
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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.