The chart reveals an interesting pattern: a second curved formation with a concave bottom is forming — hinting at possible fractal behavior. This kind of structure previously appeared before an upward impulse.
🔄 Key Scenarios to Watch
If momentum builds, the first target is the upper boundary of the channel — a natural resistance zone.
If sentiment weakens, price may revisit the lower channel support for another test.
🌴 Seasonality Note
We're entering the summer period, which is often slower for crypto markets — but history doesn’t repeat, it rhymes. Stay flexible and manage risk accordingly.
🔄 Key Scenarios to Watch
If momentum builds, the first target is the upper boundary of the channel — a natural resistance zone.
If sentiment weakens, price may revisit the lower channel support for another test.
🌴 Seasonality Note
We're entering the summer period, which is often slower for crypto markets — but history doesn’t repeat, it rhymes. Stay flexible and manage risk accordingly.
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.