The rectangles highlight the areas of value which also serve as support/resistance.
This is where the bulls/bears have previously battled.
Keep an eye on the 1.1 level. Once this price breaks out of this level, the next target will be 1.6.
This is where the bulls/bears have previously battled.
Keep an eye on the 1.1 level. Once this price breaks out of this level, the next target will be 1.6.
Comment:
Blastoff! Here we go!
Comment:
Hit 1.6 target as projected. Look for consolidation above 1.4 before the next attempt to breach 1.6. If 1.4 level breaks, then next support level will be 1.10.
Comment:
1.4 level is holding. Taking a breather and consolidating is what we want in order to continue this run.
Comment:
Holding strong. Bull pennant forming on the daily.
Comment:
Nice breakout! Hitting some resistance but that's OK. Ideally want to see some consolidation before next leg up.
Comment:
1 to 1.1 level acting as support. Let the consolidation continue.
Comment:
Well that was a fun ride ... not. Areas of value remain meaningful.
Comment:
1.10 is the floor, assuming we don't get another widespread crypto selloff.