At lower timeframes, we currently break descending resistance line. So it's only a matter of time when we push the price to a higher level.
Actually, we are still in descending channel. So put the next main resistance on the top line of this channel makes the most sense. Also, 11,2-12,3K sats is 5-5,5 USD, which is an area of DERO´s ATH in terms of USD prices.
Comment
few more info
the purple curve is exactly the same curve from the previous uptrend
the red area is at 1,68 fib. trend extension
the green line is at the same angle as the previous purple uptrend lines
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.