Please remember it only takes ONE WHALE to destroy good technical analysis
These whales sometimes FOLLOW their own TA.. and force their hand
Here is what I see on chart..
Descending Channel - these often break up upward, especially in a bull market
Symmetrical Triangle - near the end of the triangle, price breaks out
Direction: Break outs can also be fake outs
Direction: Whales will make crazy moves to nudge direction
My call: I give a breakout upward about 60%
Reason: Sentiment is High
Reason: Recovery last two crashes were incredible
Reason: Great news yesterday about banks being allowed to be stable coin nodes
Reason: News is now talking about Van Eck ETF reapplication
If we do break upwards...
We might head up another leg
The resistance to beat is 22800 - very very hard, we failed twice already
Next resistance to beat is 23300 - we lost there already and it started the 5k dive
See my R&S list in the chart for all the areas I have traced for price stops
Note: I believe we already hit our ATH and a rise back to that number might be the double peak
These whales sometimes FOLLOW their own TA.. and force their hand
Here is what I see on chart..
Descending Channel - these often break up upward, especially in a bull market
Symmetrical Triangle - near the end of the triangle, price breaks out
Direction: Break outs can also be fake outs
Direction: Whales will make crazy moves to nudge direction
My call: I give a breakout upward about 60%
Reason: Sentiment is High
Reason: Recovery last two crashes were incredible
Reason: Great news yesterday about banks being allowed to be stable coin nodes
Reason: News is now talking about Van Eck ETF reapplication
If we do break upwards...
We might head up another leg
The resistance to beat is 22800 - very very hard, we failed twice already
Next resistance to beat is 23300 - we lost there already and it started the 5k dive
See my R&S list in the chart for all the areas I have traced for price stops
Note: I believe we already hit our ATH and a rise back to that number might be the double peak
