So, I've redrawn, using log scale, showing elliot waves (at least one consensus of them) as well as the top and bottom down channels. Note on the log scale we have yet to break out of the downward channel (which we have on linear). At the moment I think we are simply retesting the 0,618. So I am 'hopleful' (because I'm long) that we will break colliding at about $11650 namely the 1) log downward channel, 2) the collar of the inverted head and shoulder
But this feels like a 'lot' of resistance. :-
But this feels like a 'lot' of resistance. :-