BTC has not yet properly tested upper Fib 0.618 trend line. So it could go down to the Fib 0.786 supportive trend line and then go to the Fib 0.618 resistance trend line or it could directly go the Fib 0.618 trend line after a consolidation in the current price. Our support and resistance lines are pretty clear.
Fib channel shows current support and resistance trend lines. Price first rejected by Fib 0.618 line and rejected two times by Fib 0.5 line. There are three possible scenarios technically and price going to 1500 levels more possible. Monthly and 3 Months closings must be followed.
Uptrend and downtrend fibo channels can be seen in the chart. There are three possible scenarios that must be followed according to the monthly closes. Right now price is in the uptrend support. If this line breaks this month and holds under, it could be a disaster for Solana. But no proper retest of the upper uptrend fibo channel line may suggest price going up...
EURUSD should close above Fib 0.236 resistance line to go upside in the next year. Otherwise it will go down to 0.82-0.85 area in the next 2-3 years. Latter seems more possible technically.
A possible scenario for Ripple if Fib support line holds the price.
Doge needs to go higher to make new lows that will trigger a proper bull run.
XU100 has became bullish after the beginning of the falling in 2010-2013. Technically monthly chart is now (2023 May actually) in the same state as it was in 2004 April which suggests in a couple of years it will retest ATH and possibly will break it and continue further. Fibo channel visualizes possible support and resistance trend lines.
LTC needs to test the Fib 1 support line first. If Fib 1 line holds the price (No monthly close below) then it will go the the upper line again.
Chart says it all. We have 11 days for monthly close. Which direction would you prefer ?