short for 1/2 w and then long!
A weekly overview of the fully bullish trend provides us with important indications.
An ascending cone confirmed by the touch of this Shooting star which is still being completed weekly.
If the candlestick pattern is confirmed, it could rise to the bottom of the cone, further confirming the strength of the uptrend.
The main supports are the 2.5 T which has acted as resistance 2 times in the past making it decisive for the trend, and the psychological 2 T threshold, another important support.
I believe a retracement to the 2.6 T support is possible
seeing the graph that is confirmed by also touching the median of the PARALLEL CHANNEL and then continuing upwards, or a deeper retracement on the 2.4 T bouncing on the lower part of the wedge.
The MAs are fully bullish over the long term despite a significant retracement in September which means the Crypto sector is in full expansion phase.
Next 3T goal
An ascending cone confirmed by the touch of this Shooting star which is still being completed weekly.
If the candlestick pattern is confirmed, it could rise to the bottom of the cone, further confirming the strength of the uptrend.
The main supports are the 2.5 T which has acted as resistance 2 times in the past making it decisive for the trend, and the psychological 2 T threshold, another important support.
I believe a retracement to the 2.6 T support is possible
seeing the graph that is confirmed by also touching the median of the PARALLEL CHANNEL and then continuing upwards, or a deeper retracement on the 2.4 T bouncing on the lower part of the wedge.
The MAs are fully bullish over the long term despite a significant retracement in September which means the Crypto sector is in full expansion phase.
Next 3T goal
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.