Channel Formation:
The price is moving within an upward-sloping channel marked by two pink trend lines.
The upper and lower boundaries suggest resistance and support levels, respectively.
Cyclical Pattern:
The blue zigzag line indicates expected future price movements, suggesting a cycle of dumps (price decreases) followed by pumps (price increases).
This pattern repeats, showing potential peaks and troughs.
Key Levels:
The chart shows various high (H) and low (L) points, indicating previous peaks and valleys.
The price is currently around $62,919, with projections showing potential movements toward $76,000 on the upper end and $60,000 on the lower end.
The price is moving within an upward-sloping channel marked by two pink trend lines.
The upper and lower boundaries suggest resistance and support levels, respectively.
Cyclical Pattern:
The blue zigzag line indicates expected future price movements, suggesting a cycle of dumps (price decreases) followed by pumps (price increases).
This pattern repeats, showing potential peaks and troughs.
Key Levels:
The chart shows various high (H) and low (L) points, indicating previous peaks and valleys.
The price is currently around $62,919, with projections showing potential movements toward $76,000 on the upper end and $60,000 on the lower end.
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.
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.