Hi guys,
We are at a crucial level. Volume is drying up quickly. In my personal opinion, we will have another attack to 36k soon however we will fail and go down to 33500K once again to test broken resistance, sentiment will be bearish as the previous diagonal support (black thick line) will be violated. However, it looks like we are forming an EW triangle (green) which will break at the top projecting us to the 40-41 k region and then comes back to the 36k before starting our big move up to 51k (black arrows). if we break the 33k region in the next few days then we will likely touch the 29 k (red arrow) again. in my personal opinion this is a no-trade zone as too much confusion and low volume...remember to trade the trend look for the break on the DAILY of the 36 k. My view is bullish but needs the break to confirm.
Get ready.
We are at a crucial level. Volume is drying up quickly. In my personal opinion, we will have another attack to 36k soon however we will fail and go down to 33500K once again to test broken resistance, sentiment will be bearish as the previous diagonal support (black thick line) will be violated. However, it looks like we are forming an EW triangle (green) which will break at the top projecting us to the 40-41 k region and then comes back to the 36k before starting our big move up to 51k (black arrows). if we break the 33k region in the next few days then we will likely touch the 29 k (red arrow) again. in my personal opinion this is a no-trade zone as too much confusion and low volume...remember to trade the trend look for the break on the DAILY of the 36 k. My view is bullish but needs the break to confirm.
Get ready.
CFcryptoTA
check the youtube channel out
youtube.com/channel/UC1nxHmfbU0pyoX7Bp-ayDuA
Telegram channel for 1 to 1 chat: t.me/TAEW4
check the youtube channel out
youtube.com/channel/UC1nxHmfbU0pyoX7Bp-ayDuA
Telegram channel for 1 to 1 chat: t.me/TAEW4
