Two scenarios for next wave of price movement for the rest of the month.
Bullish scenario sees breaking through to 3.618, bearish scenario assumes further consolidation. Even under an ALT bloodbath, not expecting a fall beyond 1.00 - 1.40.
Leaning bullish as even though we see bearish divergence on RSI, we have some degree of support and room for another big move.
Bullish scenario sees breaking through to 3.618, bearish scenario assumes further consolidation. Even under an ALT bloodbath, not expecting a fall beyond 1.00 - 1.40.
Leaning bullish as even though we see bearish divergence on RSI, we have some degree of support and room for another big move.
Note
Price target of $2.5 - $3.0 by EOMNote
Break of upward channel with strong support at 1.45 as expected. Significant buying pressure mitigating initial plummet indicates $2-$3 is still on the cards.A more significant plummet (like 1INCH) would have shown that price increases over the last month are very temporary.
Healthy pullback. I expect support at $1.5 to form as we continue down over the next day or so. Post consolidation, expect a big swing up.
Note
Moving exactly as per bearish short-term scenario, should continue to consolidate over next coming days before a big breakout to a T1 of $2.1ishNote
Bounce, but not compelling - expect BTC price growth to cycle into ETH and then lower caps over coming weeks to support more decisive breakoutNote
I'm basically a prophet.
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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.