Descending wedge formed same as previously. From previous wedge price could move 50% upwards. Bullish MACD cross also.
Bel seems to be looking very bullish at the moment. Moving downwards toward resistance level. MACD suggests overselling and a bullish cross likely to occur thus it is likely price will move to historic resistance level above. CoinBase IPO and other news may cause alts to surge and thus break through this resistance level. ATH possible target which implies 1000% + gains.
Price broke downwards from ascending channel and has reached a level of support at $555. Next level of resistance seems to be at $583 breaking through this could lead to new ath or previous ath. MACD can be seen to have a bullish cross.
If price breaks upwards out of triangle price could move toward previous ath or new ath. Purple area represents region of historical support. If price were to break down out of triangle it would find support at this level. Give me your thoughts on this analysis i'm new
If price drops to former resistance level could act as support for price action to move towards previous alltime high or further