hallo everyone .
there are 4 possible scenarios :
number 1 :
price consolidating in this range , either it breaks the top or the bottom of the channel.
number 2 :
the price breaks the local resistance and MA50 , rises to the strong resistance , comes back down will be in this range.
number 3 :
price breaks both resistances , and reaches the target of 161.80% Fibonacci which is 38 $.
number 4 :
price after consolidating in this range , will break the support and fall to the green line.
after all , in my opinion , it's more likely to break the local resistance in the following days and pump to the strong resistance , that time we'll decide either it goes down again or breaks the strong resistance ...
I'll keep y'all updated .
don't forget to hit the like !
there are 4 possible scenarios :
number 1 :
number 2 :
number 3 :
number 4 :
after all , in my opinion , it's more likely to break the local resistance in the following days and pump to the strong resistance , that time we'll decide either it goes down again or breaks the strong resistance ...
I'll keep y'all updated .
don't forget to hit the like !