MichalSieSkichal

MichalSieSkichal

Hello Falling wedge ( lines 1 and 2) is nicely forming in the lower zone of the up trend chanel (lines 3 and 4) which increases probability of breaking up. Also investors from 14th July (red arrow at high volume) will definitely try to defend their positions - grey rectangle (range 0.000526 - 0.000573 BTC) which also increases probability of breaking up As long as...

MichalSieSkichal Updated 

To me more likely Idea no. 1 will be the case but as you know, with crypto space ,,you never know,, :)

MichalSieSkichal

If tendency line 1 broken then high possibility to reach 50% FIB zone (as per chart) If trend line 3 broken then will see mere downward movement. Personally I'm very Bullish with this token - long term

MichalSieSkichal

My understanding of 7 phases HyperWave invented by Tyler Yenks. According to him most important is phase 1 (which ends at $1000) as it shows us where phase no.7 will lead with very very little exceptions... This is just an idea how it may look like, not advise by any meaning.

MichalSieSkichal

There is a chance for correction, all it needs is to brake this channel. Time will show. I hope it will continue upwards :-) What do you think?

MichalSieSkichal

Little bit simplified inverse head and shoulders pattern - positive thinking :-) It could easily fulfill requirements for Bearish Rectangle - not so positive so I rather pick the first option

MichalSieSkichal

Just curious if I'm far away from the truth hmm... Time will show