There are a few things to pay attention to on the chart here
- First we notice that price has reached a convergence between a short term down trend and long term up trend, the implication here is that we should expect a break out
- Second we also have a support level that we are retesting here forming a potential double bottom
- Third we notice that the...
Eth is similar to BTC but the targets seem more clear to me. Chances are that we will see the 330 -340 range and maybe we go to 290 but its definitely less likely since crypto tends to run away once it gets bullish
Our long term downtrend has been breached and moreover for the first time since our descent in 2017 we have made a higher high!
The look ahead for btc seems to be a push to test previous highs and our first target here will be the 14k range. At that point we will have to evaluate where the move stands and whether the climb will continue higher. We present a...
