Hallo traders, I'm posting a small update of my post from June 2022
After three months, the price dropped back to the old support which was a determinant in the earlier years, which is easy to see the real price was higher than the price in June, yet a double bottom has formed on this support. This
Taking the double bottom curve into account, it seems that the price should return to the $ 60k range by July 2023. It may also say that 4 years of support may give us direction for the future.
Lines of strong resistance are marked on the chart.
Best regards and good luck
After three months, the price dropped back to the old support which was a determinant in the earlier years, which is easy to see the real price was higher than the price in June, yet a double bottom has formed on this support. This
Taking the double bottom curve into account, it seems that the price should return to the $ 60k range by July 2023. It may also say that 4 years of support may give us direction for the future.
Lines of strong resistance are marked on the chart.
Best regards and good luck
Note
Note
We slowly move upNote
Could it be a triple bottom ??Note
The parabolic line has shifted a bit, but the vertical face should be preserved
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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.