Looks like the price could see a good downward correction, with participants taking profit @ end of year, and overall markets being overbought significantly. This would lead to an inverse H&S so we' most likely see a good rebound sometime in 2nd-quarter of 2022.
Descending resistance line is not flat enough to act as a support and and is tbh too short, and as we see the price has already almost returned back under it.
Also that support line on long term RoR seems like it can give a fake breakout in that case.
Descending resistance line is not flat enough to act as a support and and is tbh too short, and as we see the price has already almost returned back under it.
Also that support line on long term RoR seems like it can give a fake breakout in that case.