1st chart ever.
Trend channel.
Range is based on the top of the breakout to the green support @ 8950.
The size of the trend channel is a rough 7300 satoshi spread.
Red lines are support lines of previous bottoms.
1st one is the trend support, 2nd one is the long term bullish support.
Green line resistance, also very close to the .786 fib line... something to consider.
Pretty sure between yellow-green zone is great entry point for a long position... but I'd like to see the trend channel not broken personally.
Trend channel.
Range is based on the top of the breakout to the green support @ 8950.
The size of the trend channel is a rough 7300 satoshi spread.
Red lines are support lines of previous bottoms.
1st one is the trend support, 2nd one is the long term bullish support.
Green line resistance, also very close to the .786 fib line... something to consider.
Pretty sure between yellow-green zone is great entry point for a long position... but I'd like to see the trend channel not broken personally.