first of all, we are in a BULLISH TREND until now so for a now we aren't worried because for some reasons :
As you consider,
1: We don't have any lower and low candles (below 30k)
2: As you see it had a great rising wedge and we know after most of the rising wedge pattern it has to continue its previous bullish trend after a correction ( we are in a correction of the rising wedge )
3: the strong Bullish channel that has not broken yet .
On the other hand, Correction technically reason is :
1: Negative divergence on RSI for 100 days, thus we just waiting for breaking the bearish trend in RSI and then see another bullish trend or counting of the rising wedge pattern
Finally, I think the correction has finished and it takes an accumulation in the 30-40 zone until the bullish condition ( Fundamentally and technically get suitable )
in addition, The first resistance for a bullish trend is 41-42 and the last support for the bullish trend is 30k.
What is your opinion ??
Thanks for your attention 🙏
Hoping for better and more profitable days for all of you. ❤️👋
As you consider,
1: We don't have any lower and low candles (below 30k)
2: As you see it had a great rising wedge and we know after most of the rising wedge pattern it has to continue its previous bullish trend after a correction ( we are in a correction of the rising wedge )
3: the strong Bullish channel that has not broken yet .
On the other hand, Correction technically reason is :
1: Negative divergence on RSI for 100 days, thus we just waiting for breaking the bearish trend in RSI and then see another bullish trend or counting of the rising wedge pattern
Finally, I think the correction has finished and it takes an accumulation in the 30-40 zone until the bullish condition ( Fundamentally and technically get suitable )
in addition, The first resistance for a bullish trend is 41-42 and the last support for the bullish trend is 30k.
What is your opinion ??
Thanks for your attention 🙏
Hoping for better and more profitable days for all of you. ❤️👋
