Hello again trading friends,
I tried to zoom in and show the bullish signs that are definitely there. So we've bounced 3 times at the lower support zone of the big falling wedge (bull flag) and we're now forming a possible head and shoulders at the lower timeframes. I expect another small dip to form the right shoulder. The divergence also confirms this. You could wait until it breaks the neckline or be risky and bolt and buy around 125-135.
Buy: 125/135 USDT
target: 210 USDT
I hope it helps you to form your own opinion or confirm your own analysis.
Cheers,
Joost
I tried to zoom in and show the bullish signs that are definitely there. So we've bounced 3 times at the lower support zone of the big falling wedge (bull flag) and we're now forming a possible head and shoulders at the lower timeframes. I expect another small dip to form the right shoulder. The divergence also confirms this. You could wait until it breaks the neckline or be risky and bolt and buy around 125-135.
Buy: 125/135 USDT
target: 210 USDT
I hope it helps you to form your own opinion or confirm your own analysis.
Cheers,
Joost