Looks like a downward channel supported by cloud resistance. Next Fib level possible support and back into original upward channel. Please let me know your thoughts!
Komentarz
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Looks like it's breaking out. Still not convinced about the volume. Stoch/RSI still have room to move so might get a little bit more convincing. Stop-loss orders would be advised.
I think the fake coinbase news is giving new price support.. we may not see a big of correction at all. I am still shorting though but I am having doubts now.
Sonace
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@john_wick_fan, No idea if it's fake or not. Expectation might keep the correction from happening. Touching the upper band continuously now. I'll be closely watching for a proper breakout and adjust my plan from there. If not, target still stands. If so, retest of previous high or, with high volume breakout, maybe even beyond.