Simple is better
Prices is still below:
Head and shoulders trendline
SMA 20w
Corrective bearish channel
Influence of a bearish triangle
What supports price:
Strong support of 29k-30k
SMA 50w
Nevertheless, I believe the rebound from 30k didn't have enough bullish rection, plus the last dip had not enough volume, so I think the price will be guided down by the bearish triangle.
What is my objetive in the following weeks?
20k is a very strong support supported by last ATH and SMA100w, plust it keeps a beautiful uptrend medium channel
If it breaks down, ultimately the next support would be 13.5k, as it rest on SMA200w that is proven to be an extraordinary support.
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Head and shoulders trendline
SMA 20w
Corrective bearish channel
Influence of a bearish triangle
What supports price:
Strong support of 29k-30k
SMA 50w
Nevertheless, I believe the rebound from 30k didn't have enough bullish rection, plus the last dip had not enough volume, so I think the price will be guided down by the bearish triangle.
What is my objetive in the following weeks?
20k is a very strong support supported by last ATH and SMA100w, plust it keeps a beautiful uptrend medium channel
If it breaks down, ultimately the next support would be 13.5k, as it rest on SMA200w that is proven to be an extraordinary support.
Please click LIKE if you liked it :)
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