On the above 3 week chart price action has corrected 85% since early 2021. A number of reasons now exist to be long, including:
1) Price action and RSI resistance breakouts.
2) Regular bullish divergence.
3) Trend reversal. Higher highs have now replaced lower highs.
4) Support on past resistance.
5) The falling wedge pattern has now confirmed, 350% forecast from current levels.
Is it possible price action continues with the correction? Sure.
Is it probable? No.
Ww
Type: Investment
Risk: You decide
Stop loss: 63
1) Price action and RSI resistance breakouts.
2) Regular bullish divergence.
3) Trend reversal. Higher highs have now replaced lower highs.
4) Support on past resistance.
5) The falling wedge pattern has now confirmed, 350% forecast from current levels.
Is it possible price action continues with the correction? Sure.
Is it probable? No.
Ww
Type: Investment
Risk: You decide
Stop loss: 63
Trade active
Support on past resistance now confirmed.
BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
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.
BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
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.