This is the last round between bull and bear.
We need the total market cap to pump above the MA20 Monthly, in order hand “We must pass the MA20 Monthly this August”
If we dont, so we will rejected and semptember would be SeptemBEAR.
The last round is this monthly closing.
Chainlink is on accumulation pattern, together with ascending triangle. Its bullish for long term, related to recent developments and partnerships.
Chainlink slowly gaining its fundamental.
Just look at my outlook, its describe my idea
Purple line channel is MAJOR trendline or sacres trendline
Orange line is minor trendline but still valid
Both have longterm bullish, but its monthly so we need years to reach the target.
Red line is major resisten line which haunted crypto market about 3 years! Red line always beating our crypto market till now.
While Purple line is Major SUPPORT Line which help crypto market since 2014! Multiple time this purple line support and help crypto in hard time.
The question: “who will win on this battle?”
We could seeing falling wedge pattern on time frame daily, its possible bitcoin will have reliefer rally or dead cat bounce before make another movement.
But if you look at bigger picture in time frame weekly, wee see the giant falling wedge pattern.
So how it will going by my analysis:
Btc will bounce around 23.000$ in several weeks before it collide with MA20...
We could seeing falling wedge pattern on time frame daily, its possible bitcoin will have reliefer rally or dead cat bounce before make another movement.
But if you look at bigger picture in time frame weekly, wee see the giant falling wedge pattern.
So how it will going by my analysis:
Btc will bounce around 23.000$ in several weeks before it collide with MA20...
