On the daily chart there is this big ass ascending triangle on which there just has happened a breakout. If we follow the Fibonnaci breakout tool, we see 2 possible targets that are around the 560 or 900 dollar level. The quarterly coin burn is also bound to happen between 16 and 23 april. Just as previous huge breakouts happened after that news, this could be a tremendous compound of good factors, resulting probably in a 140% gain coming days/month
Note
We are good on the way to the first fib extension line. on the way psychological resistance levels 400 and 500. so far, so good.
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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.