Like last time, my confidence is lower than usual on the timing, but I'm more confident on the levels here. There's a lot of divergence on shorter timeframes, so it either needs to rocket above $300 very quickly and continue the parabolic ascent to break the divergences, or relax a bit over the next few days. I wouldn't necessarily short these levels, but I'm just waiting for a pullback.
Note
Nobody likes a bear during a bull run, especially on a coin that got hammered for months while other coins were soaring, but this prediction was pretty much spot on. Just need to wait and see if the final 24 hours produces a retest of the $180 level to definitively convert it into support. If it breaks down through uptrend support, the next level down is in the $140s. If it bounces upward in the next 1 or 2 days, we'll need to watch the $220 level closely.Note
Long
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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.