The previous publication had some dirty lines drawn that's why the date was a bit off, I cleaned it now.
Plotted previous max and min trend lines (since they worked so well) against each other (to simulate cyclical behaviour) and crossed them through the middle (to average them out).
If 5500USD holds for the next 48h the estimated resistance test will occur around 14th of May!
Plotted previous max and min trend lines (since they worked so well) against each other (to simulate cyclical behaviour) and crossed them through the middle (to average them out).
If 5500USD holds for the next 48h the estimated resistance test will occur around 14th of May!
Note
Looks good, strong support around 5600 USD and we’re testing 6,2k USD in the next days. Was this the last dip?!
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.